Caterpillar Inc., the maker of heavy construction and mining equipment, today reported a sharply lower third-quarter profit as demand for the company’s products dropped.
In March 2020, the World Health Organization officially declared the novel coronavirus outbreak a pandemic. Manufacturers are dealing with the fact that the virus has exposed the fact that many domestic brands rely significantly upon China for fulfilling some, part, or nearly all, of their supply chain.
GWS Tool Group acquiring STF Precision marks GWS’ third add-on acquisition in 2020.
When it’s time to put threads in parts, particularly those made of difficult-to-machine materials, thread mills are often the right choice. Thread mills cut threads with a cutting head typically smaller than the hole, unlike taps that are sized to match the hole diameter.
Difficult materials and high-speed machining don’t just present problems for cutting tools. They can also push toolholders to their limits—and beyond. So manufacturers offer a variety of products designed to get the toolholding job done under extreme machining conditions.
Whether driven by the reduction of in-shop personnel due to layoffs or to maintain social distancing guidelines into the future, many machine shops will likely be re-evaluating ways to eliminate labor-intensive manual operations if they can be automated instead.
August 2020 U.S. cutting tool consumption totaled $136.1 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.
Vision AI software company Neurala announced a new strategic partnership with global manufacturing leader IMA Group.
ROKiT MADE, is building what it calls the largest e-bike manufacturing facility in the United States. ROKiT MADE’s campus, called the “ORB,” is slated to open in 2021. ROKiT MADE has committed the necessary funds to building the infrastructure and ORB campus and plans to merge with a SPAC.
While recent advancements in machining centers have allowed for increased capability around high-volume operations, there are several factors that still necessitate the need for grinding.