Founded in 1984, Arundel Machine Tool Co. Inc., Arundel, Maine, has evolved into a major CNC manufacturer of precision-machined components based in New England.
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Walter has reached an agreement to acquire the Melin Tool Co., a privately-owned, Cleveland-based company and manufacturer of solid-carbide and HSS end mills, drills and countersinks.
November 2019 U.S. cutting tool consumption totaled $189.1 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
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.
A new way of procuring systems, recognizing the Department’s digital future, and industry’s ability to deliver digital twins.
Supply chains are creating cybersecurity risks for companies, according to a security services firm report.
Today’s job shops can distinguish themselves from competitors by adding deep hole drilling/gundrilling to their offerings. But complex, custom-built machines require more floor space and a bigger investment.
Solid-carbide round tools have seemingly been around forever; before them, high-speed steel (HSS) tools ruled the roost, and after them a growing selection of alternative processes like indexables, EDM, waterjet and now additive manufacturing emerged as competition.