Industry News

News May 16, 2016

Okuma America Corp., Charlotte, N.C., recently added two industry experts to its Sales and Product Specialist Teams. With more than 50 years of combined experience in the CNC machine tool industry, Brian Sides and Tom O'Toole will be responsible for supporting regional sales teams and Okuma distribution partners.

News May 16, 2016

USCTI: March billings up 5.7% among U.S. cutting tool cos.

March billings among 40 U.S. cutting tool companies increased 5.7 percent over February and 15.4 percent over January, according to a recent report from the U.S. Cutting Tool Institute (USCTI), which surveys U.S. cutting tool companies each month for USCTI's Current Business Report. Total billings in March reached nearly $166 million, compared to nearly $157 million in February and nearly $144 million in January.

News May 11, 2016

GF Machining Solutions to acquire Microlution

GF Machining Solutions, , will purchase micromanufacturing machine builder Microlution Inc., Chicago, according to a comany news release issued May 11. Described as a specialist of micro-machining based on milling and laser technologies, Microlution was founded in 2005 and reportedly generated $10 million in 2015 with a workforce of 30 employees.

News May 6, 2016

IBAG North America Launches New Website

IBAG, which offers a broad line of machine tool spindles, has launched a new website at www.ibagnorthamerica.com featuring content-rich product coverage about high-speed spindles.

News May 3, 2016

Abtex Corp. hires new Operations Manager

Abtex Corp., Dresden, N.Y., recently hired Christian Donovan as Operations Manager in response to "dramatic growth in all lines of business," according to an April 29 company news release.

News May 3, 2016

Bunting Magnetics creates COO position

Jana Davis steps into a new role as Chief Operating Officer at Bunting Magnetics Co. effective May 30. Davis, who joined the company in 2011 as Chief Financial Officer, will oversee day-to-day business operations at the company's Newton, Kan., location, as well as at its Magnet Materials Division in Elk Grove Village, Ill., Bunting Magnetics Europe in Berkhamsted, U.K., and Magnet Applications Inc. in DuBois, Penn.

News May 1, 2016

Saudi Aramco Energy Ventures Invests $10 Million into NanoMech

NanoMech announced that it has secured $10 million in capital for leading its Series C Financing round from Saudi Aramco Energy Ventures (SAEV), the corporate venturing subsidiary of Saudi Arabia's national oil company. This capital infusion and new global customer relationship with the largest producer of oil in the world will significantly accelerate NanoMech's manufacturing of the most advanced nanoengineered and nanomanufactured lubricants, coatings and specialty chemicals, addressing major industries such as energy, transportation, aerospace, manufacturing, automotive, racing, agricultural equipment and military.

News April 29, 2016

German manufacturer to open 1st plant in U.S.

The Berghoff Group, a German manufacturer, recently announced plans to open its first U.S. plant, which will be located in Auburn, Ala. The company reportedly will invest $30 million to open the manufacturing facility, which is expected to create 100 precision-machining jobs over the next 5 years, according to a news release from the Alabama Department of Commerce.

News April 29, 2016

Small shop with new tech on aerospace radar

Once word got out that PTooling, a self-described small, family-owned machine shop in Amherstburg, Canada, had added a Lasertec 65 3D laser deposition welding and milling machine to its arsenal, major aerospace manufacturers began knocking on its door.

News April 29, 2016 Kip Hanson

MQL as a complement to flood coolant?

Standing in front of a ma-chining center, waiting for the drilling cycle to end so you can squirt some tapping compound into the holes is a big waste of time. But with challenging materials, such as Hastelloy or Inconel, it's the only way to avoid a broken tap. Or is it?

News April 28, 2016 Michael C. Anderson

Slow business can have a silver lining

Doug Wetzel, managing director at contract manufacturer Protomatic, Dexter, Mich., is finding business to be slower than he wishes. Like many other U.S. job shops, the 45-year-old company is experiencing a slowdown caused by tumbling oil prices and worldwide political and economic uncertainty. The difference is Wetzel isn't too worried. His advice to fellow manufacturers is to not let market uncertainty paralyze them from seeing a slowdown's silver lining— namely, time to prepare for the inevitable upturn.

News April 26, 2016

The Mirage of a Return to Manufacturing Greatness

In America's factories, jobs are inevitably disappearing. But despite the political rhetoric, the problem is not mainly globalization. Manufacturing jobs are on the decline in factories around the world.

Latest Industry News

Explore

Address:

Follow