Industry News

Okuma America Corp., Charlotte, N.C., a manufacturer of CNC machine tools, welcomed Kitchener, Canada-based Praemo, which is in applied industrial internet of things and artificial intelligence, to Partners in THINC.

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.

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.

Drake Manufacturing Services Co. LLC, Warren, Ohio, has been sold in a court-ordered receivership.

MachiningCloud Inc., Camarillo, Calif., and Colibri Spindles Ltd., Lavon, Israel, have partnered to provide Colibri Spindles product data in the cloud.

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

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.

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, Morrisville, N.C., started construction on an expansion project at its U.S. headquarters that will more than double the size of the facility.

Paul Polesnak has joined Franklin Bronze Precision Components LLC, Franklin, Pa., as quality assurance manager.