Industry News

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%.

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.

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

ARCH Cutting Tools Corp. has acquired BMWG, LLC, a manufacturer of indexable and solid round tools, located in Gallatin, Tennessee

Sandvik Coromant has appointed Veronica Messersmith as President of the Americas, effective March 11, 2024.

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.

Family, fulfillment, and a fascination with technology are all part of a formula that has seen ANCA lead the demanding niche of CNC tool and cutter grinders for a half-century.

The Haimer Group becomes a 25% shareholder in WinTool AG and agrees on a strategic partnership with the TCM Group, wHAIMER global distribution rights to WinTool and Toolbase.

United Grinding North America, a subsidiary of Swiss-based United Grinding Group, recently appointed Alonso Acevedo to the Managing Director position for its Mexico territory.

JR Machine, a contract manufacturer of complex machined parts, added two veteran executives to its leadership team to support its growth.

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

Professional machinists searching for technical assistance on the internet would do well to check out Machiningdoctor.com, a website launched in November 2020 by a mechanical engineer with more than 30 years in the industry. Erez Speiser, who spent much of his machining career working at Iscar headquarters in northern Israel, said he developed the Machiningdoctor.com website out of boredom during the COVID-19 pandemic.

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.

ModuleWorks, a software provider for the CAD/CAM industry, has partnered with DN Solutions, a CNC machine tool builder, involving equity investment and business cooperation.  

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.

Okuma America Corporation, a global manufacturer of CNC machine tools, controls and automation systems, has appointed Wade Anderson to the position of Vice President of Engineering & Factory Automation Division for the Americas.

Walter Surface Technologies has acquired Greenfield Industries, a US-based manufacturer of branded and private label cutting tools.

Eriez, a global leader in magnetic, metal detection, and materials handling solutions has appointed Alpha Industrial & Mining Supplies as its new sales representative agency in the Northern Ontario, Canada, region.

Federico Costa, managing director of Febametal S.p.A. from Turin, Italy, was elected president of the European Cutting Tools Association (ECTA).