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US Cutting Tool 2017 YTD Consumption up 7.1% in July

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.

Yamaha to Deploy Siemens Software

Yamaha Motor Co., Ltd., a manufacturer of diverse motorized products in Japan, has selected Siemens to provide product lifecycle management (PLM) software to support its digitalization initiative.

Busting the Myths about Artificial Intelligence

Manufacturers face a difficult task juggling the current “innovation agenda.” Today, the Industrial Internet of Things (IIoT), robotic automation and artificial intelligence (AI) are all poised to be the next big thing.

Allied Machine & Engineering Launches New Training Department

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.

Northrop Grumman Lands $9.6-M Navy Torpedo Contract

The U.S. Navy has awarded Northrop Grumman Corporation (NYSE: NOC) a $9.6 million contract, with options up to $40.5 million, to produce the Transducer Array/Nose Shell Assembly of the MK 48 heavyweight torpedo.

Mitutoyo America Opens New Facility in Detroit Area

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.