The word “reconditioned” can ignite visions of worn, overworked products inferior to new ones. The reality is as long as you purchase from a reputable supplier, reconditioned cutting tools will deliver the same consistent results as they did upon initial purchase.
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Manufacturing should expand this year as the sector continues to recover from the COVID-19 pandemic, the Institute for Supply Management said today in a forecast.
Desktop Metal, Inc. said it agreed to acquire EnvisionTEC, a provider of volume production photopolymer 3D printing solutions for end-use parts, for total consideration of $300 million.
What products and components offer the biggest opportunities for reshoring? What advanced manufacturing technology is needed to enable the reshoring? To what degree did the pandemic disrupt supply chains, and how did it affect sourcing?
Those who manufacture precision workholding systems have the same goals and challenges as the machinists who use them. Both groups strive to reduce setup times and optimize cutting cycles. Secure, consistent, and accurate gripping is paramount.
A few years ago, two companies joined forces to greatly enhance productivity in heavy milling and crankshaft machining. Their combined efforts resulted in solutions to improve throughput and reduce costs by a factor of four in some cases.
Durable goods orders increased in December, aided by orders for machinery, the U.S. Commerce Department said today.
Caterpillar Inc., the Deerfield, Illinois-based maker of heavy equipment, today reported lower quarterly and full-year profit after sales were hit by the COVID-19 pandemic.
Ford Motor Co. said today its fourth-quarter loss widened while adding it plans to increase its investment in electric vehicles.
Machine tool orders posted strong gains in December on both a monthly and year-over-year basis, AMT – The Association for Manufacturing Technology said today.