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.
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Manufacturing returned to economic expansion in January, helped by gains in new orders and production, the Institute for Supply Management said today.
Advanced laser technology has been instrumental in making the four affiliated companies of the Diversified Tooling Group, Madison Heights, Mich., into a leading supplier of single-source manufacturing solutions to the automotive, heavy truck, defense, industrial equipment, power generation, rail and foundry industries.
Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.
Today, Formlabs continued turning additive manufacturing’s talk into action with the release of the company’s newest material, Tough 1500, part of Formlabs’ Engineering Resin segment. Designed for the company’s stereolithography (SLA) 3D printers, Tough 1500 Resin enables engineers, designers and manufacturers to create stiff, yet pliable, parts that bend and spring back quickly under cyclic loading, according to the company.
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.
Tata Steel announces new hot-rolled Valast 450, abrasion-resistant steel developed for the construction, agricultural, mining, refuse and recycling industries.
As one of the oldest and most prestigious research-lead universities in Europe, KU Leuven is an institution that is always seeking to innovate and stay on top of the latest trends and technologies. When it comes to manufacturing, the institution is an advocate of additive processes and dedicates a research group to the technology.
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.
Vollmer of America has announced an Open House Celebration for its new facility in Findlay Township, Pa., scheduled for Oct. 22-23. Vollmer broke ground on May 11, 2019 at the new site, near Pittsburgh International Airport.