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.
While suppliers are under more pressure than ever to produce precision parts faster and with less scrap, in-process metrology means manufacturers can detect as soon as possible when a part is going wrong, correcting the issue quickly and saving it from scrap.
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.
Consolidation along the Digital Thread seems to be all the rage among companies today, including Hexagon Manufacturing Intelligence. While acquiring technologies outside its core metrology might make sense as a business, is there advantage technically in adding CAE and CAD/CAM?
Mitutoyo America Corp. (MAC; Aurora, IL) celebrated the grand opening of its new Detroit-area M3 Solution Center in Novi, MI, on June 28. The 8455 ft2 (785.5 m2) facility replaces one that the company had occupied for 38 years in nearby Plymouth, MI.
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.
