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Latest Industry News

Absolute Machine Tools Inc. is sold
News May 7, 2019
Absolute Machine Tools Inc. is sold
[LORAIN, OH] Absolute Machine Tools announces that the company has been sold and is now owned by an Employee Stock Ownership Trust (ESOP), effective immediately.
Motion Industries Inc. to acquire Axis New England
News May 7, 2019
Motion Industries Inc. to acquire Axis New England
Birmingham, AL – Motion Industries, Inc., a distributor of maintenance, repair, and operation replacement parts and a wholly owned subsidiary of Genuine Parts Company (GPC), announced today the that it has entered into a definitive agreement to acquire Axis New England and Axis New York ("Axis"), an automation and robotics company based in Danvers, MA.
Die Technology Inc. creates sister company
News May 7, 2019
Die Technology Inc. creates sister company
OSSEO, MINNESOTA — Die Technology, Inc., a machining services and tooling manufacturer, announced today the creation of its new sister company, Nanotech Precision, LLC.
Manufacturing can’t afford to be a man’s world
News May 6, 2019
Manufacturing can’t afford to be a man’s world
Women make up around 47% of the U.S. labor force, nearly 74 million people and counting. But the percentage of manufacturing roles filled by female workers is only 29%. In a sector not only flourishing but facing a potential shortfall of workers, why do women remain so vastly underrepresented?
Advanced manufacturing is a key economic driver for northeast Ohio
News May 6, 2019
Advanced manufacturing is a key economic driver for northeast Ohio
Advanced manufacturing is a significant driver of the northeast Ohio economy and has been a key factor in the region's recovery from the recessions of the early 2000s and 2008. However, growth in employment in the sector has fallen behind increases in gross regional product, and efforts to address this challenge will require an increase in the area's skilled workforce.
NIMS and Festo Didactic to develop Industry 4.0 skills standards
News May 6, 2019
NIMS and Festo Didactic to develop Industry 4.0 skills standards
The National Institute for Metalworking Skills (NIMS), in partnership with Festo Didactic, will establish industry-recognized skills standards and ultimately credentials for jobs related to Industry 4.0. In light of the significant trend in digitalization of manufacturing through technology advancements such as Industrial Internet of Things (IoT), training in these skills is vitally needed now. With NIMS' emphasis on manufacturing skills training, credentialing and standards, plus Festo's complete Industry 4.0 learning Factories, courseware and eLearning integration, the two organizations are poised to provide the training programs for Industry 4.0.
Linking two roll lathes doubles capacity without increasing personnel costs
News May 6, 2019
Linking two roll lathes doubles capacity without increasing personnel costs
Heinrich Georg Maschinenfabrik has received an order from Vítkovické Slévárny spol. s r.o. for the supply of a roll lathe, the third lathe so far supplied by GEORG to the Czech roll manufacturer. The new machine will be linked with one of the existing lathes. Thanks to this solution, only one operator will be needed to control both machines.
Manufacturing is finally entering a new era
News May 3, 2019
Manufacturing is finally entering a new era
Manufacturing is in the midst of a period of unprecedented change as we transition from the industrial age to the information age. The manufacturers that will prove best able to capture value amid this transition will be those that can best manage complexity and embrace flexibility. A new layer of manufacturing software has emerged to answer this call.

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