Industry News

News • March 28, 2024

Mazak partners with cybersecurity institute

Mazak has joined major cybersecurity research universities and enterprises throughout the country as a collaborative partner with the Cybersecurity Manufacturing Innovation Institute.

News • March 27, 2024

UNISIG integrates parts inventory management system

Unisig, a global manufacturer of deep-hole drilling machines, has commissioned two SSI Schafer Logimat vertical lift modules (VLM) into its parts warehouse that is integrated with Unisig's enterprise resource planning (ERP) system.

News • March 26, 2024

Artificial intelligence assists in tool production

A Dormer Pramet pilot project for AI-based quality inspection has been successfully launched in the production unit in Šumperk, Czechia. The company said that the project has opened the door to achieving even higher quality in its Pramet inserts.

News • March 25, 2024

Kennametal selects replacement for retiring CEO

Kennametal Appoints Sanjay Chowbey as President & CEO effective June 1, 2024; Christopher Rossi to Retire on May 31

News • March 22, 2024

Grant program accepting applications

Hypertherm Associates to award Powermax systems to 12 North American schools as part of Spark Something Great grant program.

News • March 22, 2024

Concepts NREC acquires rotordynamics specialist

Concepts NREC a developer of software, engineering, and manufacturing solutions for the turbomachinery industry, has acquired RBTS, Inc., a company known for its expertise in rotordynamics engineering and software solutions.

News • March 21, 2024

Renishaw launches subscription service for its modelling software

Global engineering technologies company, Renishaw, is making its FixtureBuilder 3D fixture-modeling software available via a new subscription service.

News • March 20, 2024

PI USA invests in new production facility

PI, a leader in nanopositioning, ultra-precision motion control, and piezo technology is expanding its U.S. production capacity with a new 120,000-square-foot facility in Shrewsbury, Massachusetts.

News • March 19, 2024

Mastercam appoints new president

Mastercam, a provider of CAM software, has appointed Susan Brandt as its new president, effective February 12.

News • March 18, 2024

Metalworking machinery market expects a 7.5% growth rate

The metalworking machinery market has demonstrated robust growth, escalating from $266.84 billion in 2023 to an anticipated $286.8 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.5%.

News • March 15, 2024

Mastercam to acquire reseller, Cimquest

Sandvik announces the signing of an agreement to acquire the American company, Cimquest, which will be part of Mastercam, the world's #1 CAM software. Cimquest is a Mastercam Reseller located in New Jersey, United States.

News • March 14, 2024

Big Daishowa Tools for Schools program awards more than $20,000 in tooling certificates

Big Daishowa's Tools for Schools program provided $23,300 in tooling certificates for local high schools, vocational schools and colleges.