Industry News

The stock of operational robots around the globe hit a new record of about 3.9 million units. This demand is driven by technological innovations.

GF said it has has secured an “A” score, the highest possible, by the global rating agency CDP for transparency and performance on climate change.

Kennametal Inc. has joined ModuleWorks' Strategic Partner Program. This program is a collective commitment to driving intelligent and integrated digital manufacturing solutions.

GROB Systems Inc., a developer of manufacturing systems and machine tools, has announced it will be hosting a Medical Technology event, together with industry partners Open0 Mind Technologies, Seco, Third Wave Systems, and Ecoclean.

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

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.

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

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%.

The International Manufacturing Technology Show says it plans to showcase unexpected solutions at more than 1,500 booths, including more than 65 first-time exhibitors offering innovative solutions.

Innovance, a 100% employee-owned holding company focused on manufacturing and industrial technology, has acquired Jorgensen Conveyor and Filtration Solutions.

Effective immediately, Platinum Tooling Technologies Inc., will be selling products from Tecnicrafts Industries, a manufacturer of collets and guide bushings for Swiss Type CNC Lathes.

December 2023 U.S. cutting tool consumption totaled $187.9 million, according to the U.S. Cutting Tool Institute(USCTI) and AMT – The Association For Manufacturing Technology.

Successful shops always look for ways to differentiate and innovate for competitive advantage. Cashing in on the entirety of a tool’s life with an advanced tool management system is perhaps the most effective way to do that right now.

Music was in the air at the press conference Fritz Studer AG held at its headquarters in Steffisburg, Switzerland, Feb. 9. With a theme of “The Sound of Studer,” the Music Motion Meeting 2024 event began with presentations by the cylindrical grinding machine builder’s board of directors: Jens Bleher, CEO; Sandro Bottazzo, chief sales officer; Daniel Huber, chief technology officer; and Stephan Stoll, chief operating officer.

WFL Millturn supports the Tools for Life program that is dedicated to helping people in four key areas: water, energy, education, and climate protection.

The Ontario government is investing over $62.9 million in two of the province’s foundational skilled trades programs to help young people explore life-long careers in a growing industry.

November 2023 U.S. cutting tool consumption totaled $202.7 million. This total was down 4.9% from October’s $213 million and up 4.4% when compared with the $194.1 million reported for November 2022.

Eagle Manufacturing is a thriving student-run manufacturing business out of Brown County High School in Nashville, Indiana.

Metal 3D printing enables space companies to manufacture key components on an industrial scale

As of Jan. 1, 2024, all support for Elliott Tools will transition to Elliott. This includes sales and service support for all metal finishing, burnishing, recessing and mechanical joining tools previously sold by Monaghan. This will open the door for the company to focus on its goal of being a “cutting tool expert.”