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Latest Industry News

News May 9, 2024

Metallurgical company, Anker Industries, sold to Opta Group

Continuim Equity Partners has sold Anker Industries, a leading manufacturer and distributor of metallurgical additives that Continuim acquired in 2021, to Opta Group, a portfolio company of Speyside Equity Advisers.

News May 8, 2024

Acu-Rite’s developments and vision for 2024

In a dynamic progression through recent years, Acu-Rite, a leader in DROs, CNC, encoders and accessories said it has consistently advanced despite global changes, reinforcing its commitment to machinists nationwide.

News May 7, 2024

Press-hardening large body auto components

Improved material utilization, lower weight, less climate impact and simpler production, these are all reasons for the car industry's interest in press-hardened body components made of large blanks consisting of many smaller welded parts.

News May 6, 2024

Okuma America makes several high-level appointments

Okuma America Corp., has named new personnel appointments to "direct and support" the company's strategic growth initiatives in the Americas.

News May 3, 2024

Automate returns to Chicago in May

In a highly anticipated return to Chicago this spring after a five-year hiatus, Automate—the largest robotics and automation trade show in North America—will set new show records for number of attendees and exhibitors.

News May 2, 2024

Tyrolit acquires majority stake in Contec

In a move to strengthen its floor grinding & surface preparation business, the Tyrolit Group invests in German company Contec Maschinenbau & Entwicklungstechnik GmbH. Contec is a leading global supplier of state-of-the-art machines for surface preparation and finishing.

News May 1, 2024

GF Machining Solutions names new managing director

GF Machining Solutions has promoted Onik Bhattacharyya to the position of managing director and head of market region for North and Central Americas.

News April 30, 2024

Walter FMT’s new competence brand focuses on lightweight machining

Walter is bringing together its global presence and the high level technical expertise and know-how of lightweight machining specialist FMT (Frezite Metal Tooling), under the new brand.

News April 29, 2024

High speed steel cutting tool market to hit $16.8 billion

The global market for high speed steel (HSS) metal-cutting tools estimated at $11.3 billion in the year 2022, is projected to reach a revised size of $16.8 billion by 2030, growing at a CAGR of 5.1% over the analysis period 2022-2030.

News April 26, 2024

MSC Industrial Supply acquires Kar Industrial

Purchase of Ontario-based Canadian company supports the growth of MSC's Metalworking presence in Canada.

News April 25, 2024

Cellulose-based components mass produced with AP&T press line

Swedish startup PaperShell has developed a cellulose fiber composite that they refer to as "wood metal" and it can be formed into flat or complex-shaped components.

News April 24, 2024

HGG Profiling Equipment BV names area sales manager

HGG Profiling Equipment BV has named Mark Eastin as the area sales manager in the Western US, Western Canada, Alaska, and Hawaii regions.

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