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Delivering Precision Components Delivers Growth Delivering Precision Components Delivers Growth →

Latest Industry News

Servo motors and drives sales benefit from rising factory automation
News August 20, 2019
Servo motors and drives sales benefit from rising factory automation
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.
Affolter Group celebrates its 100-year anniversary
News August 19, 2019
Affolter Group celebrates its 100-year anniversary
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.
ATA Tools Group Ltd. acquires Karnasch Professional Tools GmbH
News August 15, 2019
ATA Tools Group Ltd. acquires Karnasch Professional Tools GmbH
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.
Bihler of America Inc. expands
News August 15, 2019
Bihler of America Inc. expands
(Phillipsburg, NJ) Bihler of America, a provider of complex components manufacturing and machines, recently opened a new 103,000 square foot facility.
5-axis machining center efficiently produces oil field rock bit
News August 15, 2019
5-axis machining center efficiently produces oil field rock bit
DMG Mori manufactures a wide variety of conventional chip-cutting machining centers for OEMs and production job shops that serve the demanding oil-and-gas industry. Inherent in this market are several factors that lobby for great care and planning in the machining process.
Machine monitor separates value-adding and non-value-adding activities
News August 15, 2019
Machine monitor separates value-adding and non-value-adding activities
In addition to three large horizontal milling machines with a maximum clamping weight of three tons, there are numerous CNC lathes, machining centers and bandsaws. The highly skilled workforce produces housings as well as drive parts for VETEC valves in two-shift operation.
Weiler Abrasives Group celebrates anniversary
News August 14, 2019
Weiler Abrasives Group celebrates anniversary
CRESCO, PA. — Weiler Abrasives, a provider of abrasives, power brushes and maintenance products for surface conditioning kicked off what will be a months-long celebration of its 75th anniversary with its National Sales Meeting the week of April 22.

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