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.
The push to modernize technology-intensive sectors in Asia—such as automotive, aerospace and general engineering—is constantly stretching machine tool builders in the region to their limits. The demand is not just for standard machines.
One of mankind’s oldest manufacturing methods—making a hole—is now challenged by rapid advances, including new and harder materials, increased part complexity, ever smaller component parts, and the need for shorter cycle times.
March 2020 U.S. cutting tool consumption totaled $189.8 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.