Industry News

Tungaloy says it is advancing its digital tooling solutions with new Drawing Generators and Cost Savings Calculators that were designed to help users move faster, quote smarter, and prove value with confidence. The company says its latest Drawing Generators make it easy to configure and generate accurate drawings for applications—with no delays, no guesswork.

Pazmac, a precision parts manufacturer since 1972, has achieved AS9100D certification, the internationally recognized quality management standard for the aerospace and defense industries. This milestone reinforces Pazmac’s long-standing commitment to delivering complex, high-performance parts with uncompromising quality, traceability, and reliability.

Sandvik has acquired 80% of the Canada-based K&Y Diamond, a leading manufacturer of monocrystalline diamond tools for ultra-precision applications, with a strong position in the optics segment. K&Y Diamond will be operated under Sandvik Coromant, a division within the Machining business segment. Both parties have agreed not to disclose the purchase price.

ModuleWorks announces that ISCAR, a leading manufacturer of precision metal cutting tools and the largest company in the IMC Group, is adopting the Manufacturing Data Exchange Specification (MDES). Through this adoption, ISCAR plans to make its tooling data available in the open MDES format, enabling CAM software and CNC systems to integrate ISCAR tools and assemblies more efficiently.

General Inspection, LLC (Gi), a leader in high-performance fastener sorting technology, is pleased to announce the successful commissioning of the GI-307 High-Speed Inspection System at four major fastener manufacturing facilities across the United States. This strategic rollout underscores a growing industry shift toward highly accurate, 100% automated quality assurance in high-volume production environments.

Ingersoll Cutting Tools expanded what it calls its "most versatile milling solutions product line," by delivering additional cutter styles and configurations designed to increase application flexibility, performance, and tool life across a broad range of machining applications. The expanded lineup includes 45º cutters, extended flute cutters, and a small slotter series, providing solutions for both rough and finishing operations.

Alturas, an Idaho-based family of companies, is uniting three manufacturers, EnviroTech of Boise, Idaho, G Zero of Nampa, Idaho, and the assets of Cardic Machine Products of Carson, California, under the EnviroTech banner.

5th Axis Inc., a leader in manufacturing, automated production, and machining, announced a new sales representation partnership with High Tech Industrial Representation Inc. High Tech serves manufacturers across Minnesota, North Dakota, South Dakota, western Wisconsin, Iowa, Nebraska, and the Quad Cities area of Illinois.

ZOLLER has launched its “2026 Toolroom of the Year” competition, an initiative designed to recognize manufacturers who are setting the benchmark for efficiency, precision, and digitalization in their production processes. As manufacturing continues to evolve toward smarter, more connected operations, the toolroom plays an increasingly critical role in ensuring productivity, quality, and consistency across the shopfloor.

S hipments of cutting tools, measured by the Cutting Tool Market Report, a collaboration between AMT – The Association For Manufacturing Technology and the U.S. Cutting Tool Institute (USCTI), totaled $220.7 million in January 2026. While the dollar value of shipments increased 2.7% from December 2025, the number of units shipped decreased slightly from December.

Richard Weber, long-standing CEO of REGO-FIX AG, has handed over operational leadership to Pascal Forrer. Following a careful evaluation process, the Board of Directors unanimously appointed Pascal Forrer as the new CEO, which went into effect on Jan. 1, 2026.

Mitsubishi Electric Corporation announced has developed a technology that uses a digital twin to correct machine-tool errors in real time on machine tools equipped with computer numerical control (CNC). For more on machine automation, see this related guide.