The value of machine tool orders plunged in November as makers pared prices to cut inventory, according to a monthly report.
Not far from Florida’s metropolitan areas lie rural communities with the space and workforce to support manufacturing leaders. From Walton County in the Panhandle to the Heartland Counties near Lake Okeechobee, the state’s rural regions present a unique mix of resources for the manufacturing industry.
Cobots, like other robot equipment, started in material handling applications. However, this year, Universal Robots is introducing welding applications and other heavy duty metal fabrication.
Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.
Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
The global auto industry will experience a slow recovery in 2021 from the COVID-19 pandemic, analysts at IHS Markit said today.
Promess Inc. has implemented a significant expansion of its manufacturing capabilities with the acquisition of a fully-equipped, 45,000 square foot facility in Brighton, Mich.
LIFT recently expanded the focus of its desire to “create innovations faster, better and cheaper” to the materials, processes and systems involved in moving innovations from concept to commercialization.
Most manufacturing executives participating in a survey said cybersecurity threats are beginning to overwhelm their resources.
IPG Photonics Corp. has launched LightWELD, a new handheld laser welding system. The LightWELD product line enables fabricators to benefit from the greater flexibility, precision and ease of use enabled by laser-based solutions over traditional welding products, according to IPG Photonics.
