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Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.

HMCs Offer Perfect Platform for Flexibility, Performance

Horizontal machining center technology—a long-time mainstay of OEMs and Tier One contract manufacturers—has morphed into space efficient, versatile machining platforms that any high-mix job shop can benefit from.