Industry News

News • November 21, 2024

Report: 2024 cutting tool orders continue to slow

Shipments of cutting tools, according to the Cutting Tool Market Report compiled in a collaboration between AMT - The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $188.7 million in September 2024. Although 2024 year-to-date (YTD) shipments through September reached $1.86 billion and remain ahead of last year's totals by 0.7%, month-to-month orders decreased 10% from August 2024, and were down 6.3% from September 2023.n

News • November 21, 2024

Rego-Fix opens Center for Machining Excellence

October 2024 marks a significant milestone for the REGO-FIX Group: The Swiss company from Baselland has opened a state-of-the-art learning center in Whitestown, Indiana, with a new 12,900 square meters building adjacent to its existing U.S. headquarters.

News • November 20, 2024

Haas Foundation donates $20k to Mississipi community college

Students in Itawamba Community College's Precision Machining Technology program have a new toolbox, courtesy of a $20,000 grant by the Gene Haas Foundation.

News • November 19, 2024

Flex Machine Tools to hold open house

Flex Machine Tools, an American manufacturer and provider of machine tool solutions worldwide for metal fabrication operations, will host an Open House Event at Flex headquarters in Wapakoneta, Ohio, on Thursday, Dec. 5, 2024, from 9:00 a.m. through 4:00 p.m.

News • November 18, 2024

Olympic Steel acquires Metal Works

Olympic Steel Inc., a national metals service center, has acquired Metal Works. The all-cash purchase is expected to be immediately accretive. Terms were not disclosed.

News • November 15, 2024

Dormer Pramet redefines brand identity

Dormer Pramet has unveiled a redefined brand identity that the company said marks the beginning of a new era for the company.

News • November 14, 2024

Metal Supermarkets names ‘Metal My Way’ winners

Metal Supermarkets, a supplier of small-quantity metals, named the six winners of its 10th annual Metal My Way contest.

News • November 13, 2024

Star Cutter incorporates Tru Tech Brand into grinding technology portfolio

In a strategic move, Star Cutter has assumed design and manufacturing rights to Tru Tech grinding technology, extending the company's solutions across the grinding lifecycle into blank preparation and cylindrical grinding

News • November 13, 2024

REGO-FIX Center for Machining Excellence Grand Opening

Swiss tooling company REGO-FIX welcomed attendees and manufacturing partners from across the globe for a day-long grand opening celebration of the company's Center for Machining Excellence (CME). The event took place Oct. 24 at the company's North American headquarters in Whitestown, Indiana.

News • November 13, 2024

Sandvik Coromant Appoints Thomas Henry VP of Marketing for the Americas

Sandvik Coromant, a global leader in metal-cutting tools and solutions, recently announced the appointment of Thomas Henry as the new vice president of marketing for the Americas, effective Nov. 4, 2024.

News • November 11, 2024

Innovative ‘fir tree cutter’ tool

The tool's shape is a dead giveaway. The tooling, which resembles a Christmas tree, is often used for finishing blade root grooves and blade roots of turbines, is alternatively known as a fir-tree design, or a pine-tree, or now, a Pagode Tree Cutter developed by cutting tool solutions provider EMUGE-FRANKEN.

News • November 11, 2024

Burton Mill Solutions acquires bandsaw blade weld center

Burton Mill Solutions has acquired Oregon Industrial. Burton will be able to supply metal cutting bands that meet factory specifications for tough metals and abrasive surfaces.