Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
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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.
Manufacturing returned to economic expansion in January, helped by gains in new orders and production, the Institute for Supply Management said today.
Product lifecycle management (PLM) software helps manufacturers manage, shape, guide, and refine new product developments, speeding up the design and production process.
Robert Lyscas has been promoted to the newly created position of Chief Operating Officer at the Michigan Manufacturing Technology Center (The Center). The announcement was made by Mike Coast, President of The Center.
Humatics Corp. and Eckhart Inc. this week demonstrated a new factory automatic guided vehicle (AGV) capable of changing routes on the fly.
The system provides real-time monitoring of spindle elongation on machine tools due to temperature changes or other causes of displacement.
Machine tool orders fell sharply in January while the new coronavirus may delay the industry’s comeback, AMT – The Association for Manufacturing Technology, said today in a monthly report.
An independent institute founded by Carnegie Mellon University will receive more than $250 million to launch an advanced robotics manufacturing institute in Pittsburgh, the U.S. Department of Defense announced Friday.
With thousands of fastener locations that need to be drilled and filled to complete a plane, drilling and fastening remain the largest areas of opportunity for automated robotics applications in aerospace. New developments are also making robots more attractive than ever in the aerospace and defense space—especially improved rigidity and accuracy in the robots themselves.