July US cutting tool consumption totaled $170.95 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 8.4 percent from June’s $186.57 million but up 16.0 percent when compared with the total of $147.43 million reported for July 2016.
As the impact of additive manufacturing, or 3D printing, on business continues to surge, the need for career development in this rapidly growing industry is also rising.
German auto supplier boosts use of 3D printing
One of the early applications for 3D printing/additive manufacturing (AM) was in the medical industry. As the machines and materials have improved, the use of these technologies expanded into almost every application. In medical, there are unique challenges as patient safety is paramount and government regulation and insurance issues structure what can and will be done.
Nearly 100 guests, including customers, officials from Whitestown, IN and Boone County, members of the media and a representative from the Swiss Consulate joined Rego-Fix Tool Corp. executives and employees to celebrate the opening of the company’s new North American headquarters in Whitestown on Friday, May 5th.
Advanced tool grinding technology, more capable and precise than ever, has meant new ground-breaking cutting tools, such as a variable geometry designs. Just as importantly, other machine tool providers need to offer automation and advanced in-process sensing to make proven tool grinding operations even more efficient.
The past 12–18 months have been more exciting than any similar period in the history of additive manufacturing (AM), more commonly known as 3D printing.
General Electric Co. (Boston) intends to sell 10,000 3D printing machines in 10 years, building upon acquisitions it announced last year.
A new breed of turbochargers constructed of super tough alloys operates at higher temperatures and rotational speeds than ever before, resulting in greatly increased output in a smaller package for gas and diesel engines alike.
GE (NYSE: GE), the world’s leading digital industrial company, has reached an agreement to acquire a 75% stake in Concept Laser GmbH for $599 million (€549 million). The agreement allows for GE to take full ownership in a number of years.
