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Metalcutting machine market size worth $9.79 billion by 2025
News September 1, 2017
Metalcutting machine market size worth $9.79 billion by 2025
The global metal cutting machine market is expected to reach $9.79 billion by 2025, according to a new report by Grand View Research Inc. Increasing demand from automotive industry has been a key factor driving market growth, globally. In addition, robust growth in various application industries such as electronics, defense, marine, construction and aerospace is also fueling the demand.
News September 1, 2017
Dignity Medical Solutions, Quest Specialty Products ally to manufacture novel medical product
Dignity Medical Solutions, Inc. (DMS), a group of doctors, scientists and engineers focused on developing technologies that improve the health and dignity of patients worldwide, has partnered with Quest Specialty Products, Inc. to manufacture the TIMO Solution (TIMO), a safer, healthier, and more cost-effective method to manage urinary incontinence. The two companies recently signed an agreement that will provide DMS with the manufacturing, service and support infrastructure needed to market TIMO along with shipping, receiving and inventory management services. The first product release is anticipated in the fourth quarter of 2017.
Occupational-hazard study: Hardmetal workers can breathe easy
News September 1, 2017
Occupational-hazard study: Hardmetal workers can breathe easy
Workers in the hardmetal industry are not at increased risk for lung cancer or any of 63 other potential causes of death, concluded the largest and most definitive study on this population to date. The University of Pittsburgh Graduate School of Public Health-led study of more than 32,000 workers in five countries was performed after smaller studies indicated that tungsten carbide with a cobalt binder—the primary ingredients in hardmetal—may be linked to an increased risk of lung cancer. Hardmetal is a human-made substance second only to diamond in hardness. It's used in metal cutting tools and drill bits.
Concurrent Technologies Corp. celebrates 30 years
News August 29, 2017
Concurrent Technologies Corp. celebrates 30 years
Concurrent Technologies Corp. celebrated its 30th year with a luncheon Friday outside its main facility in Johnstown. The R&D company of about 550 employees works primarily with military contracts and advanced manufacturing techniques. Current projects include friction stir welding, which can strengthen joints in thicker metal, additive manufacturing for repairs of temperature-sensitive or hard-to-reach parts, and laundry and shower wastewater recycling for military outings.n
News August 29, 2017
Ivy Tech machine tool program secures grant funding
Ivy Tech Community College has secured a $15,000 grant with which to support scholarships and credentialing for the machine tool technology program at the East Chicago location of its Lake County campus.
One of the last tool and die shops in Manhattan has closed
News August 29, 2017
One of the last tool and die shops in Manhattan has closed
Etna opened in 1946, and until recently was one of the last remaining tool and die shops in Manhattan. After years of watching the neighborhood grow and transform from its Bond Street location for 70 years, James Galuppo, the owner, has reluctantly closed the shop's doors.
Global ceramics market expected to significantly grow
News August 29, 2017
Global ceramics market expected to significantly grow
The global ceramics market is expected to reach $287 billion by 2022, according to a recent report by Grand View Research Inc. Furthermore, advanced ceramics are expected to be the fastest-growing segment in terms of volume at a compound annual growth rate (CAGR) of over 9 percent through to 2022.
Schunk USA expands headquarters
News August 27, 2017
Schunk USA expands headquarters
Schunk USA, Morrisville, N.C., started construction on an expansion project at its U.S. headquarters that will more than double the size of the facility.
IHS Markit Flash: U.S. manufacturing growth slows in August
News August 25, 2017
IHS Markit Flash: U.S. manufacturing growth slows in August
Business conditions continued to improve across the US manufacturing sector in August, albeit at a weaker pace. At 52.5, the seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers' Index (PMI) remained above the 50.0 neutral value, but fell from 53.3 in July to signal only a modest rate of improvement.

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