Industry News

Global capital investment, a main engine of economic growth, remains stagnant amid concerns over a slowdown in emerging markets and the U.K.'s vote to leave the European Union, writes Mikio Sugeno in Nikkei Asian Review. Masahiko Mori, president of major Japanese machine-tool manufacturer DMG Mori, painted a downbeat picture of global business investment in an interview with The Nikkei, saying that a full-scale recovery is still two to three years away." Mori explains his reasoning in this Q&A with Sugeno.

"Manufacturers who conduct a lot of machining know that the cost of productivity of a machining operation is inextricably connected to the selection of the cutting tool and the process for managing them," writes GE Industry Analyst Andy Henderson in a GE Digital blog post. "In the utopian future, the manufacturing intelligence system will automatically control how cutting tools are used and automatically optimize the cost of machining operations."

Helical Solutions LLC recently announced a top-tier finish in the 2015 Boeing Industry Challenge II, which is an invitational tournament meant to test the world's strongest and highest-performing milling tools in aerospace titanium.

Handshake, which offers B2B commerce technology for manufacturers and distributors, announced key findings from its 2016 Manufacturing & Distribution Sales and Technology Survey Report. This annual survey explores how manufacturers and distributors around the world are changing the way they sell and deliver products to their customers in the wake of new challenges, disruptive technologies and shifting customer expectations.

Abrasive, brush and power tool manufacturer Pferd Inc., Milwaukee, appointed Jon-Michael Raymond as its vice president of sales.

Camfil Air Pollution Control, Jonesboro, Ark., appointed John Poehler director of reseller/rep sales. As part of its reorganization, the manufacturer of dust, mist and fume collection equipment named Matt Caulfield director of mining/pharma and Kevin Tucker automotive market manager.

Cline Tool, Newton, Iowa, added two new field application engineers: Bill Gindhart at the toolmaker's Rockford, Ill., branch and Thomas Koons, who will serve Knoxville, Tenn., and the surrounding area.

Automation equipment manufacturer FANUC America Corp., Rochester Hills, Mich., named Mike Cicco president and CEO and Rick Schneider chairman.

Osborn, the Richmond, Ind.-based supplier of industrial brushes, polishing compounds and buffs, named Ty Weber product manager for its abrasives division.n

Optomec, Albuquerque, NM, a global supplier of production-grade additive manufacturing systems for 3D printed metals, launched a new tool series today at IMTS 2016 that reportedly enables low-cost, high-value metal additive manufacturing.

A video posted by Cutting Tool Engineering (@cteplus) at IMTS 2016.