Industry News

News • July 26, 2017

Mazak Corp. iSmart Factory initiative spreads to Japan plant

Florence, Ky.-based Mazak Corp. continues its advancement toward the complete digitization of all its manufacturing operations with the recent transformation of its Oguchi, Japan, facility into yet another Mazak iSmart Factory.

News • July 26, 2017

Absolute Machine Tools Inc. names David Grega as COO

Absolute Machine Tools Inc., Lorain, Ohio, has hired David Grega as COO. He will oversee the operation of Absolute's technical centers in Lorain and Mason, Ohio; Livonia, Mich.; and Elgin, Ill.

News • July 26, 2017

Osborn picks Paul Dent as director of sales for Load Runners

Richmond, Ind.-based Osborn has picked Paul Dent to be its new director of sales for the Load Runners division.

News • July 25, 2017

CGTech enhances Vericut’s MachiningCloud Inc. connection

Irvine, Calif.-based CGTech, creator of Vericut, and MachiningCloud Inc., Camarillo, Calif., have announced a Vericut enhancement in MachiningCloud software whereby Vericut customers can import cutting parameters from cutting tool manufacturers from within MachiningCloud directly into Vericut.

News • July 25, 2017

Taipei Times: Manufacturing growth forecast raised

Driven by improving demand and steady global economic recovery, Taiwan's manufacturing output in terms of revenue is expected to grow 3.87 percent to NT$17.54 trillion (US$576 billion) this year, said the Industrial Technology Research Institute's Industrial Economics and Knowledge Center. Meanwhile, IEK said that in value-added terms, Taiwan's machine tool industry is the worst-performing segment behind all other segments of the manufacturing sector.

News • July 25, 2017

Assessing, strengthening the manufacturing and defense industrial base and supply chain resiliency of US

President Donald Trump has issued an executive order on assessing and strengthening the manufacturing and defense industrial base and supply chain resiliency of the United States. He said strategic support for a vibrant domestic manufacturing sector, a vibrant defense industrial base and resilient supply chains is a significant national priority. A comprehensive evaluation of the defense industrial base and supply chains, with input from executive departments and agencies, has been ordered to assess the nation's strengths and weaknesses.

News • July 25, 2017

Riverside Tool Corp. acquires General Saw Corp.

Riverside Tool Corp., Elkhart, Ind., a Techniks Industries company, has acquired Cape Coral, Fla.-based General Saw Corp.

News • July 25, 2017

Tool and Die Technology changes Texas student’s life

The Valley Morning Star (Harlingen, TX) reports on how tool and die technology at Texas State Technical College has given student and former college dropout Andy Juarez "a new lease on life." Juarez plans to get his associate degree this Fall. "After speaking to supervisors at Arlington-based United States defense contractor and industrial corporation, Raytheon, he has a position waiting for him immediately after he graduates." The whole story is at the link.

News • July 25, 2017

Flash PMI: Japan manufacturing growth at eight-month low on falling exports demand

Japan's manufacturing activity has fallen to an eight-month low in July, according to IHS Markit survey results. The Nikkei Flash Japan Manufacturing Purchasing Managers Index (PMI) for July is calculated to be a seasonally adjusted 52.2, following a 52.4 level in June. The Flash Manufacturing Output Index was pegged at at 51.4, down from 52.2 in June and the weakest growth in 10 months.

News • July 24, 2017

Midwest Industrial Tool Grinding Inc. a finalist for award

Midwest Industrial Tool Grinding Inc., Hutchinson, Minn., has been named a finalist in the Workforce Development Award category for the Minnesota Business 2017 Manufacturing Awards.

News • July 21, 2017

AGCO improves productivity, accuracy using Google Glass

AGCO Corp., a worldwide manufacturer and distributor of agricultural equipment, announced ths week that it is increasing the efficiency, quality and safety of its manufacturing programs by doubling the number of Glass, an assisted reality, wearable headset device being used in its Jackson, Minnesota, factory, and will begin using Glass at six additional factories.

News • July 21, 2017

Allied Machine & Engineering Corp. announces training department

Allied Machine & Engineering Corp., Dover, Ohio, a tooling manufacturer of complete holemaking solutions, has announced its new engineering training department, which provides comprehensive, hands-on education programs for new employees, end users and distributors from around the world.