Industry News

News • December 17, 2024

Cutting Tool Orders See October Rebound Amid Yearlong Slowdown

Shipments of cutting tools, measured by the Cutting Tool Market Report produced by AMT - The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $212.5 million in October 2024. That's up 12.6% from the previous month but down 0.2% compared to October 2023. Year-to-date shipments through October 2024 totaled $2.07 billion, an increase of 0.6% from shipments made between January and October of 2023. The 2024 YTD growth rate, however, has declined every month since April.

News • December 16, 2024

Meltio, Welding Alloys Group announce collaboration

Welding Alloys Group, a producer of advanced welding consumables, has entered into a strategic partnership with Meltio, a disruptive laser metal deposition technology manufacturer.

News • December 13, 2024

Video: Open Mind Technologies partners with Hermle and Fraisa to ‘Save Christmas’

Open Mind Technologies, a developer of CAD/CAM software solutions worldwide, announced that together with Hermle USA and Fraisa USA, has teamed up to produce little Santas for helping with holiday preparations.

News • December 12, 2024

Big Daishowa’s Tools for Schools program in its third year

Now in its third year, the Tools for Schools program from Big Daishowa continues to grow, helping to support the next generation of manufacturers.

News • December 11, 2024

Xact Wire EDM invests in three new machines

Xact Wire EDM has invested in three new machines to broaden its capabilities and capacity in its wire EDM, small hole and laser part marking services.

News • December 10, 2024

Scm Group acquires control of Mecal Machinery

Scm Group, a leading multinational in technologies for machining a wide range of materials, signed the closing deal for the purchase of 51% of Mecal Machinery, specializing in the production of machinery and systems for processing aluminum, PVC and light alloys.

News • December 9, 2024

Tungaloy Canada appoints new general manager

Tungaloy Canada has appointed Hartej Gill as its new general manager, succeeding John Mitchell, who retired after a 25-year career in the cutting tool industry.

News • December 6, 2024

AMPCO Metal acquires materials supplier, the Schmelzmetall Group

AMPCO Metal has acquired the Schmelzmetall Group, a Swiss-based producer of copper alloys, including Beryllium-containing alloys and other high copper alloys such as CuCrZr and CuNiSi.

News • December 5, 2024

MOTUL acquires CHEM ARROW Corp.

France-based metalworking fluids and lubricant supplier Motul acquired Chem Arrow Corp. Terms of the transaction were not disclosed.

News • December 4, 2024

Ellison Technologies to represent Tornos in 15 U.S. states

Switzerland-based automatic lathe pioneer Tornos has selected premier advanced machining solutions provider Ellison Technologies as its partner in key United States markets.

News • November 29, 2024

BlackHawk appoints Northeast region leader

BlackHawk Industrial, a distributor of metalworking and other mission-critical industrial products, has appointed Marco Morgado as general manager of the Northeast Region.

News • November 26, 2024

College gets $6M grant to expand welding and metalworking programs

National Park College has been awarded a $6 million Higher Industry Readiness through Educational Development (HIRED) grant from the Arkansas Department of Commerce to construct a state-of-the-art 12,000-square-foot welding and metalworking facility.