U.S. cutting tool consumption totaled $198.9 million according to the United States. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 6.8 percent from May’s $213.4 million and down 6.3 percent when compared with the $212.4 million reported for June 2018.
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YG-1, Vernon Hills, Illinois, has added SV-Point spade drill inserts to its product line. The inserts provide longer tool life at higher spindle speeds and feeds than conventional spade drills, according to the company.
Hexagon's Manufacturing Intelligence division announced today it has formed a collaborative partnership with the University of Rhode Island, College of Engineering.