Industry News

Single Source Technologies, Auburn Hills, Mich., a global distributor of machine tool and consumable brands, held a ribbon-cutting ceremony Oct. 30 to open its facility in New Britain, Conn., alongside Mayor Erin Stewart.

Eriez Manufacturing Co., Erie, Pa., marked 70 years of partnership with High Point, N.C.-based manufacturers' representative agency Dominion-Carolina Sales Inc.

Pferd Inc., Milwaukee, a global manufacturer of abrasives, brushes and power tools, announced a restructuring of its sales operations into three distinct regions: East, Central and West.

Earlier this week we shared the conclusions of the McKinsey Report, which concluded that it may be possible for U.S. manufacturing to grow by 20 percent and add more than 2 million jobs by 2025. That was the good news. It can only happen, however, if manufacturers embrace Industry 4.0 technology. The Integr8 conference in Detroit showed how to get started.

Mazak Corp., Florence, Ky., and MachiningCloud Inc., Camarillo, Calif., announced their partnership.

Just over a year after breaking ground, United Grinding North America Inc., Miamisburg, Ohio, opened its new 110,000-sq.-ft. headquarters.

Parker Steel Co., Maumee, Ohio, hired Shawn Kaelber as information technology manager.

Over 26,000 RedLine Tools, Plymouth, Minn., items are now available through MachiningCloud Inc., Camarillo, Calif.

CNC Software Inc., Tolland, Conn., developer of Mastercam, partnered with Kennametal Inc., Latrobe, Pa., to provide customers with the ability to quickly import tool assemblies from Novo directly into Mastercam 2018.

Combining operations in a single tool is a significant trend sweeping through the metalcutting industry. Combining cutting operations reduces the cost per hole by eliminating tool changes. It improves production efficiency and machine utilization, ultimately increasing manufacturers' speed to market.

The McKinsey Global Institute released new research this week that outlines opportunities to boost manufacturing by up to $530 billion, or 20 percent, over current trends by 2025—and create more than 2 million jobs. The report also provides fresh details on why the US manufacturing sector has suffered steep declines.