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Latest Industry News

Sandvik acquires Prometec GmbH
News February 3, 2016
Sandvik acquires Prometec GmbH
With the acquisition of Prometec GmbH, Aachen, Germany, Sandvik Coromant "strengthens its offering in digital manufacturing," according to a Sandvik news release issued Feb. 1. A supplier of advanced solutions for monitoring and controlling of machining processes in production machines, Prometec will be integrated with Sandvik Coromant, a product area within Sandvik Machining Solutions.
News February 3, 2016
Visotek joins Laser Mechanisms
Laser Mechanisms Inc., Novi, Mich., announced Monday that it has acquired Livonia, Mich.-based Visotek, a provider of Smart Laser Tools™ that are said to simplify the use of lasers in any environment. The acquisition is expected to complement Laser Mechanisms' core business of providing industry-leading laser beam delivery solutions.
Orange Vise Co. to offer CARVEsmart patented features
News February 3, 2016
Orange Vise Co. to offer CARVEsmart patented features
CARVEsmart, a division of Bellatex Industries and maker of the original quick-change vise jaw system featuring dovetailed jaw technology, announced a deal giving the Orange Vise Co. an exclusive opportunity to offer CARVEsmart patented features in the Orange Vise Integrated Jaw System (IJS). With CARVEsmart dovetail and clamp features machined directly into the Orange IJS vise, there is no need for master jaws, which is said to save 1.5" of opening, according to a CARVEsmart news release issued Feb. 2.
ISM: Manufacturing contraction continues
News February 2, 2016
ISM: Manufacturing contraction continues
Though up two-tenths of 1 percentage point since December 2015, economic activity in the manufacturing sector contracted in January for the fourth consecutive month as measured by the Manufacturing ISM Report on Business, which is published monthly by the Institute for Supply Management, Tempe, Ariz.
Reshoring revisited; rebuttal redux
News February 1, 2016
Reshoring revisited; rebuttal redux
While data used to calculate the 2015 A.T. Kearney U.S. Reshoring Index contradicts reports of a reshoring trend for U.S. manufacturing, the index itself should not be construed as opposition to reshoring efforts, according to A.T. Kearney, the Chicago-based global management consulting firm that publishes the index.
News February 1, 2016
CGTech opens office in South Korea
Irvine, Calif.-based CGTech, the developer of Vericut CNC verification and simulation software, recently formed a subsidiary company in South Korea. Headquartered south of Seoul, CGTech-Korea is responsible for marketing, sales, technical support and reseller support throughout South Korea, according to a company news release.
KNUTH Catalog 2016 now available
News January 29, 2016
KNUTH Catalog 2016 now available
With the successful introduction of its STAHLWERK Premium Line, KNUTH Machine Tools USA Inc. reportedly achieves new standards for quality and technical innovation in the company's new 2016 catalog, which includes new and updated products.
Women in Manufacturing, Case Western Reserve partner for leadership
News January 29, 2016
Women in Manufacturing, Case Western Reserve partner for leadership
Women in Manufacturing (WiM) and Case Western Reserve University's Weatherhead School of Management recently announced the creation of a Leadership Lab for Women in Manufacturing, which will provide executive education and training to WiM members in mid- to high-level management roles in the industry.
Mastercam Joins WorldSkills
News January 28, 2016
Mastercam Joins WorldSkills
WorldSkills International, an Amsterdam-based organization promoting the need for skilled professionals through various means, recently welcomed Mastercam to its global partnership group, according to a CNC Software news release issued Jan. 26. The partnership begins in early 2016.
NIMS awards record number of manufacturing credentials
News January 28, 2016
NIMS awards record number of manufacturing credentials
The National Institute for Metalworking Skills (NIMS), Fairfax, Va., last year awarded a record number of credentials to individuals seeking to start or further a career in manufacturing, NIMS announced in a Jan. 26 news release. In 2015, NIMS issued 21,420 industry-recognized credentials, with 18,901 of them issued in the United States, the organization reported. Compared to 2014, that's a 20 percent increase in U.S. credentials issued by NIMS.
GMN USA moving to new facility
News January 26, 2016
GMN USA moving to new facility
GMN USA today announced the company will be moving to a new state-of-the-art facility on Feb. 1. The new facility will allow for the expansion of assembly and manufacturing areas to better meet customer needs, the company reported in a brief email-based news release.
Industry-led initiative rebuts report questioning reshoring
News January 25, 2016
Industry-led initiative rebuts report questioning reshoring
Harry Moser, the founder and president of the Reshoring Initiative, an industry-led group out to prove offshoring is not always the best economical decision for companies, takes issue with the recently released 2015 A.T. Kearney U.S. Reshoring Index, which suggested that the reshoring trend was an aberration. A.T. Kearney, a global management consulting firm headquartered in Chicago, reported in December that its reshoring index dropped to -115 in 2015. A negative value is said to indicate net offshoring, according to the consulting firm.

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