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Sandvik to Acquire Chinese Round Tools Maker

Sandvik has signed an agreement to acquire 67 percent of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based maker of solid round tools, with a call option to buy the remaining part in three years.

CGTech Releases VERICUT Version 9.2

CGTech has released the latest version of its VERICUT software, Version 9.2. VERICUT CNC machine simulation, verification, and optimization software simulates CNC machining, additive, and hybrid manufacturing processes.

U.S.: The Once and Future Manufacturing Leader

The U.S. has not been competitive, so companies sourced offshore to meet consumer and industrial demand for low-priced goods. Fortunately, however, a positive localization trend since 2010 indicates an increasing rate of reshoring by U.S. companies and foreign direct investment by foreign companies.

Experts knock down AI barriers

Why don’t more manufacturers in the United States use smart manufacturing technologies like AI and machine learning to reduce waste, achieve predictive maintenance and enhance their automation systems? Five CESMII roundtable panelists share their insights.