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Latest Industry News

News February 3, 2014
January PMI drops sharply
Economic activity in the manufacturing sector expanded in January for the eighth consecutive month, and the overall economy grew for the 56th consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Business. Yet, the January PMI registered 51.3 percent, a decrease of 5.2 percentage points from December's seasonally adjusted reading of 56.5 percent.
News February 3, 2014
Seco recognized by John Deere for cost-reduction
Seco Tools, Troy, Mich., was recognized for participating in the John Deere Cost Reduction Opportunities Process (JD CROP), part of Deere & Company's Achieving Excellence program. The toolmaker received the honor for the quality of its cost-reduction ideas and for demonstrating its commitment to continuous improvement, according to Seco.
News January 23, 2014
Vollmer, Loroch to exhibit at GrindTec
Sharpening diamond-tipped and solid carbide rotary tools will be the focal point of Vollmer's display at Stand 1017 at the GrindTec 2014 international grinding technology trade fair, to be held March 19 to 22 in Augsburg, Germany. The grinding and erosion machine company will demo its new VGrind 160 grinding center, the company's first for processing carbide rotary tools.
igus hosts biannual vector awards
News January 20, 2014
igus hosts biannual vector awards
In April 2014, igus Inc., East Providence, R.I., will hold its biannual vector awards ceremony. The vector awards aim to recognize the most creative applications of the igus Energy Chain Systems. Participants can apply online to present their idea to the panel of judges, with the first, second and third prizes being awarded at the Hannover Trade Fair in Germany.
NanoMech to build new campus
News January 15, 2014
NanoMech to build new campus
Nanotechnology developer NanoMech announced it will build a facility adjoining its existing factory in Springdale, Ark. The approximately-25,000-sq.-ft.t building will triple the size of current operations and will serve as the company's world headquarters. NanoMech produces tool coatings and other nanotechnology-based products.
News January 14, 2014
United Grinding schedules U.S. tour
United Grinding North America, the Miamisburg, Ohio-based provider of cylindrical grinding machine tools, has scheduled a six-city demonstration tour of the United States, as well as two open house events in Canada and Mexico, to demonstrate its STUDER S11 production workpiece.
Absolute launches new Web site
News January 14, 2014
Absolute launches new Web site
Absolute Machine Tools Inc., Lorain, Ohio, has launched a new version of its website. The site provides descriptions, specifications and application information for the company's offerings of turning, milling, deep hole and gun barrel drilling machines and EDMs from OEMs including AccuteX, You Ji, Johnford, Tongtai, Nexturn, and Precihole.
News December 17, 2013
Klobuchar releases report on U.S. manufacturing
U.S. Senator Amy Klobuchar (D-Minn.), vice chair of the U.S. Congress Joint Economic Committee, released a new report detailing the revitalization in U.S. manufacturing. The report shows over 500,000 have been added jobs since February 2010, up 38% since 2009 and exceeding the industry's pre-recession peak for exports.
TechFab joins KOMET SERVICE network
News December 17, 2013
TechFab joins KOMET SERVICE network
TechFab, Montreal-East, Quebec, officially joined the KOMET SERVICE network with an open-house event and cocktail party for customers, business relations and city officials on Dec. 5, 2013. The company is now certified by Germany-based KOMET GROUP for the refurbishment, re-grinding and manufacture of solid carbide tools.
3-D printing continues 10-year growth trend
News December 16, 2013
3-D printing continues 10-year growth trend
Use of 3-D printing for the production of parts for final products continues to follow a decade-long growth trend. According to Wohlers Report 2013, final-part production rose to 28.3 percent of the $2.2 billion spent last year on 3-D printing products and services worldwide. In 2003, it represented only 3.9 percent of revenues, as shown in the accompanying chart.
News December 16, 2013
MSC expands Accupro line
MSC Industrial Supply Co., Melville, N.Y. expanded its Accupro line of metalworking products with the launch of new milling, threading and toolholding solutions.
News December 15, 2013
GF AgieCharmilles to change name
On Jan. 1, 2014, GF AgieCharmilles, Geneva, Switzerland, will become GF Machining Solutions, underscoring the fact that parent company Georg Fischer AG (GF) is a unified company with three divisions. Along with the name change, a new design style on the GF Machining Solutions Web site and sales literature will be gradually implemented, according to the company. GF AgieCharmille's U.S. operation is based in Lincolnshire, Ill.

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