Industry News

Global demand for toolholders, specifically arising from the automotive and defense and aerospace industries, will witness a relatively steady growth between 2018 and 2028, as predicted by a research intelligence report. While the demand for toolholders will be largely driven by emerging economies, in particular the manufacturing sector, China is likely to make substantial investments in high performance cutting tools, considering the robust manufacturing and industrial output in the region.

Worldwide sales of bandsaw machines is estimated to total about 200,000 units in 2019, with an estimated increase of about 3% year over year, according to the recent research study. The bandsaw machines market is set for an unwavering growth through 2029, primarily driven by growing focus on effective cutting technologies that promise high functionality for varying applications. However, limitations in terms of producing perfectly shaped curved edges continues to threaten the relevance, thereby adding new uncertainties to the near-term outlook of bandsaw machines.

Toolcraft Inc., a small machine shop in Monroe, Washington, makes parts for such industries as aerospace, defense and medical. The company needed help tending its CNC machine and ultimately turned to e-Series collaborative robots by Universal Robots A/S.

Existing "digitally challenged" assets can be retrofitted or remanufactured cost-effectively to support many digitization goals. Using a simple net present value approach, small and midsize enterprises can assess the value of retrofitting or remanufacturing assets with machine learning, artificial intelligence or other data science applications.

MxD announced a comprehensive workforce development program for cybersecurity in manufacturing, underwritten with a $1.25 million grant from the Siemens Foundation. The grant will fund the development and implementation of a highly skilled cybersecurity for manufacturing initiative as part of MxD's workforce strategy known as MxD Learn.

The global servo motors and drives market was valued at about US$ 9 Bn in 2014, and is expected to surpass US$ 12 Bn by the end of 2019. The servo motors and drives market is expected to grow at a CAGR of about 8% between 2019 and 2029, and is estimated to reach a global value of about US$ 28 Bn by the end of 2029.

Why do so few women pursue careers in engineering? A new study from a Rice University researcher will seek to find out by examining their everyday work experiences in the profession.

In 1919, Louis Affolter, the second child of the watchmakers Samuel and Marie-Louise Affolter, founded his own company and started to produce gears and pivots for the Swiss watch manufacturers in the area. 100 years later, nine Affolter family members work in the high-tech enterprise Affolter Group and its daughter companies Affolter Technologies and Affolter Pignons.

The U.S. Department of Commerce has named Harry Moser, founder and president of the Reshoring Initiative, as a member of its new Investment Advisory Council. The council will advise the commerce secretary on how government policies and programs affect the United States' ability to attract and facilitate business investment. n

ATA, an Irish-owned and Cavan-headquartered international precision engineering group with facilities in Ireland, the UK and the USA, has acquired Karnasch Professional Tools GmbH located in Heddesheim, near Mannheim and in Gorsdorf, near Berlin.

(Phillipsburg, NJ) Bihler of America, a provider of complex components manufacturing and machines, recently opened a new 103,000 square foot facility.

St. Paul, MN --- Matsuura Machinery USA, Inc. announces the promotion of Cassandra Yanke to Logistics and Project Manager.