Industry News

Cincinnati Incorporated, a provider of built-to-order machine tools, announced that Timothy Warning will be stepping down as president & CEO effective Jan. 1, 2025. At that time, Alan Oak will assume the company's leadership position.

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.

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

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.

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

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.

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.

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.

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

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

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