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Latest Industry News

Motion to acquire California-based industrial distributor
News February 18, 2025
Motion to acquire California-based industrial distributor
Motion Industries Inc., a distributor of maintenance, repair and operation replacement parts, and a premier provider of industrial technology solutions, signed a definitive purchase agreement to acquire the net operating assets of Thompson Industrial Supply, Inc.
Cutting tool orders end 2024 down 0.6% from 2023
News February 13, 2025
Cutting tool orders end 2024 down 0.6% from 2023
Shipments of cutting tools, measured by 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 $179.5 million in December 2024. U.S. cutting tool orders in 2024 drop 0.6% YoY compared to 2023.
News February 13, 2025
CTE Manufacturing Education Alliance
Free Publicity and Advertising from CTEEvery company that makes a donation to Utah Tech for the Modern Machining course qualifies to receive free publicity and advertising from CTE that includes:News coverage about your Utah Tech contribution written by CTE and posted to our website (about 200 words)A dedicated page on the CTE website that honors all donor companies and displays their logosA complimentary advertorial ad in our eNewsletter ($900+ value)1CTE Paid Sponsorships for Expanded VisibilityFor companies seeking maximum visibility related to their Utah Tech donations, CTE offers two paid sponsorship options with premium exposure at a special Alliance discounted rate:$2,000 Sponsorship ($5,000+ value)1600-word article written by CTE featuring your donation and its impact, posted on our website and included in our eNewsletterUp to 300,000 impressions from a Box ad on our website$5,000 Sponsorship ($15,000+ value)1Includes everything in the $2,000 sponsorshipArticle published in both print and digital editions of Cutting Tool Engineering magazineDedicated e-blast to our full subscriber list of 50,000 machining professionalsThis is a unique opportunity to support the next generation of engineers while showcasing your company's commitment to manufacturing education.
Mazak event targets job shop production
News February 11, 2025
Mazak event targets job shop production
Mazak will highlight its extensive range of machine tool technology and automation that boosts job shop production and profitability during its three-day DISCOVER MORE WITH MAZAK event May 6 – 8, at its Midwest Technology Center in Schaumburg, Illinois.
Boeing commits to expand South Carolina operations
News February 10, 2025
Boeing commits to expand South Carolina operations
Boeing plans to expand its operations in Charleston County, South Carolina. The company plans to invest $1 billion in infrastructure upgrades at its existing site and create 500 new jobs over the next five years.
Sandvik acquires three US-based CAM resellers
News February 3, 2025
Sandvik acquires three US-based CAM resellers
Sandvik has acquired ShopWare, MCAM Northwest and the CAD/CAM solutions business line of OptiPro Systems, three US-based resellers of Computer Aided Manufacturing (CAM) solutions in the Mastercam network.
Canerector acquires Promac Industries
News January 31, 2025
Canerector acquires Promac Industries
Canerector has acquired Promac Industries Inc., a move that the company says strengthens its machining capabilities, particularly in the energy services sector.

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