The Ceratizit Group (Mamer, Luxembourg) acquired the Komet Group (Besigheim, Germany) on Oct. 12, 2017. The transaction is still subject to the approval of antitrust authorities.
Cutting tool and tooling system specialist Sandvik Coromant (Sandviken, Sweden and Fair Lawn, NJ) is the official sponsor and exclusive tooling partner for seven skills competitions at WorldSkills Abu Dhabi, to be held in October 2017.
July US cutting tool consumption totaled $170.95 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 8.4 percent from June’s $186.57 million but up 16.0 percent when compared with the total of $147.43 million reported for July 2016.
Allied Machine & Engineering, a leading tooling manufacturer of complete holemaking solutions, has launched its new engineering training department, which provides hands on education programs for new employees, end users and distributors.
5ME (Warren, MI) and Doosan Machine Tools America (DMTA: Pine Brook, NJ) have joined forces to showcase the advantages of cryogenic machining.
Kennametal Inc. (Pittsburgh) announced June 29 that its board of directors has appointed Christopher (Chris) Rossi as president and CEO and has named him a director. Rossi succeeds Ron De Feo, whom the board has appointed executive chairman. Both appointments are effective August 1.
Since acquiring Niagara Cutter in 2010, Seco has invested $7 million to upgrade Niagara Cutter’s manufacturing plant and equipment in Reynoldsville, PA, with another $25 million slated to be invested over the next three years.
United Grinding North America will close its Fredericksburg, VA, office on July 1 and move those operations to its headquarters in Miamisburg, OH. “This tactical move is part of an overall strategy designed with the customer at the forefront,” said Theodore Neckel, director of corporate marketing for United Grinding North America.
Nearly 100 guests, including customers, officials from Whitestown, IN and Boone County, members of the media and a representative from the Swiss Consulate joined Rego-Fix Tool Corp. executives and employees to celebrate the opening of the company’s new North American headquarters in Whitestown on Friday, May 5th.
Today, the productivity needed to be globally competitive requires ever increasing metal-removal rates during operations such as roughing and high-speed slotting. Process reliability is paramount, especially when working with difficult-to-machine materials.