April 2020 U.S. cutting tool consumption totaled $142.9 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Grede said it has acquired some assets of Renaissance Manufacturing Group (RMG) Waukesha, LLC.
Seco has completed the acquisition of the cutting tool division of Quimmco Centro Tecnológico (QCT), a subsidiary of the Quimmco Group. The cutting tool division acquired from QCT has three locations in Mexico to support customers and is a leading solid-carbide tooling manufacturer, specializing in custom products and reconditioning.
Nihon Spindle Manufacturing Co., Ltd. has acquired all the shares of Leifeld Metal Spinning AG. The brands and company locations will remain unaffected, including Leifeld USA, located in Livonia, Mich.
Now on its third generation of family ownership, Tapmatic Corp. of Post Falls, Idaho, continues to thrive, and surprise.
The Federal Aviation Administration lifted a grounding order on Boeing Co.'s 737 Max that had been in effect since early 2019.
Shyft Group, Inc. said it F3 MFG Inc. (“F3”), an aluminum truck body and accessory manufacturer.
Peter Drucker, known as the father of modern management, was quoted in a 2006 article in Forbes as saying, “Because the purpose of business is to create a customer, the business enterprise has two—and only two—basic functions: marketing and innovation. Marketing and innovation produce results; all the rest are costs.”
Hockley Pattern & Tool, Halesowen, England, is an example of a company dedicated to the art and science of making perfect tooling.
July U.S. cutting tool consumption fell bo both a monthly and a year-over-year basis, according to a monthly report.