Industry News

Shipments of cutting tools, measured by the Cutting Tool Market Report compiled in a collaboration between AMT - The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $209.3 million in August 2024. That represents an increase in tool orders of 9.1% from July to August of this year, but down 4.5% from August 2023. Year-to-date (YTD) shipments through August totaled $1.67 billion, up 1.5% from shipments made in the first eight months of 2023. The YTD growth rate has declined every month since April 2024.

Nidec Corporation plans to construct a technical center to exhibit a comprehensive lineup of its machine tools on Nidec Machine Tool Corporation's premises in the city of Ritto, Shiga Prefecture.

CGTech unveiled a new identity as it rebrands to Vericut. The company said this strategic change marks a significant milestone in its evolution and "underscores its commitment to innovation, efficiency, and excellence in manufacturing technology."

Hanna Lye has been appointed Vice President Brand, Marketing and Communication at Seco. She will report to Stefan Steenstrup, President Seco, and become a member of the Seco Management Group.

GROB Systems Inc., a global supplier of manufacturing systems and machine tools, will host an Aerospace Technology Day, together with industry partners Concepts NREC, Emuge-Franken USA, Open Mind Technologies, Seco, and Third Wave Systems at GROB's North America headquarters and production facility.

Horizon MIcrotechnologies, a supplier of innovator in hybrid microfabrication solutions, is participating in the upcoming TechBlick Event, "The Future of Electronics RESHAPED," taking place in Berlin on October 23-24, 2024.

The Association for Advancing Automation's latest report shows decline in units sold to automotive component suppliers but increased sales in several non-automotive sectors.

FormAlloy Technologies, Inc., a leader in metal additive manufacturing technology, opened its new Application Development Center. This state-of-the-art facility, designed to foster innovation and collaboration, officially opened its doors in July.

Kentucky Peerless Distilling Co. announced the release of a premium barrel-finished bourbon; a bourbon that was featured on the Bourbon With The Editor podcast. Due to the nature of the barrels, the latest expression will be extremely limited and released in Kentucky only.

Methods Machine Tools Inc. North America's foremost supplier of leading-edge precision machine tools and automation solutions, welcomes Tim Leoni as the director of dealer development.

Michelli Weighing & Measurement, a provider of industrial and precision measurement equipment and services, acquiredthe assets of Perry Scale Company, a respected name in the industry since 1936.

Located in Alpharetta, Georgia, the new facility will serve as a home base for local sales and support engineers as well as a regional hub for training, seminars and other business activities.