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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.

Altair and the Center for Automotive Research (CAR) have announced the winners of the 5th annual Altair Enlighten Award, which strives to promote and celebrate innovation in automotive lightweighting.

5ME (Warren, MI) and Doosan Machine Tools America (DMTA: Pine Brook, NJ) have joined forces to showcase the advantages of cryogenic machining.

Nanodiamond material specialist Carbodeon of Finland has worked with metal finishing specialist CCT Plating of Germany, to develop a new electroless nickel, PTFE and nanodiamond composite coating.

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.

For global automakers, removing weight from their vehicles remains the top priority as they seek ways to meet a stringent federal fuel economy mandate by 2025 and other new pollution-control regulations.