Amid predictions of global economic slowdowns and several recent PMI readings indicating manufacturing contraction, it becomes easy to see how slow production performance and data inefficiencies throughout the manufacturing supply chain contribute to economic uncertainty and concerns for future business.
NSL Analytical Services, an independent testing laboratory, said the company has been acquired by May River Capital, a Midwestern investment firm that says it builds businesses through partnership and collaboration.
Full line of fiber and diode laser machines for cutting and hardening
U.S. manufacturing added 27,000 jobs last month, buoyed by gains in motor vehicles and parts, the Labor Department said today.
Machine tool orders gained in September as manufacturing recovered from a severe recession.
Manufacturers may look to investing in digital technology as they seek to recover from the COVID-19 pandemic, consulting firm Deloitte said this week in a report.
3D Systems said it has agreed to Cimatron Ltd. and GibbsCAM CNC programming software businesses, to Battery Ventures.
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.
The North American auto industry slammed on the brakes in March because of the novel coronavirus (COVID-19). The sector already had been forecast to slow down in 2020, with lower light-vehicle demand. That turned into a sudden stop as the coronavirus spread.
Shops that have always wanted full simultaneous five-axis machining capability but were afraid to take the plunge now have access to a recently developed vertical machining center from Mazak Corp. that the company says not only helps reduce the intimidation factor of full simultaneous five-axis machining, but also makes automation integration a whole lot easier.
