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Cottonwood Group, a Los Angeles private equity real estate investment firm, announced the firm’s expansion into the industrial sector with two transactions totaling $80 million in combined value.

Manufacturing employment declined by 10,000 jobs last month and results were even worse in durable goods industries, the U.S. Bureau of Labor Statistics said today.

The Industry 4.0 & Smart Manufacturing Adoption Report by IoT Analytics suggests that Industry 4.0 technology uptake is still low among manufacturers.

The Ceratizit Group has won the 2020 Innovation Award of the FEDIL business federation in the ‘Process’ category for the development of a new process for the additive manufacturing of tungsten carbide-cobalt.

The new i-ONE system of exchangeable micrograin carbide drill inserts and premium tool steel holders with coolant channels is based on coating advances and optimized designs for higher tool life and changeover speed, according to tool manufacturer YG-1.

GWS Tool Group has acquired Taurus Tool & Engineering. Taurus, based in Batavia, Illinois. It is the first acquisition in 2021 for GWS Tool Group, following three previous acquisitions in 2020.

Prima Power Laserdyne recently presented a Zeiss high-resolution microscope to the welding program leaders of Anoka Technical College as the college expands its robotic and laser welding program.

March 2021 U.S. cutting tool consumption totaled $177.6 million, up 18.8 percent from February's $149.5 million and down 2.6 percent when compared with the $182.3 million reported for March 2020.

3D Systems announced the addition of four new high-performance, production-capable resins to its Figure 4 portfolio designed specifically for both batch-run, end-use part manufacturing, and prototyping applications.

Alden Tool Co. expands its presence in medical tools via precision grinding.