Kennametal Inc. reported a Q4 2015 loss of $66.5 million, capping a fiscal year in which it posted revenues of $2.1 billion and losses of $226 million. And now, the toolmaker plans to cut 1,000 jobs and increase cost-cutting “substantially.”...More
Adopting more precision in machining capabilities as well as flexibility for setting up and executing operations: these are simultaneous design goals for developers of machines, tooling, and other devices and systems for machine shops. IMTS 2016 will be a platform for these new technologies.
Integrating automation and new production concepts with advanced machines, tooling, and other devices and systems that will enhance the performance capabilities, productivity goals of machine shops and other manufacturers of precision parts and components.
U.S. manufacturers consumed $165.68 million worth of cutting tools during May, a decline of 4.6% from the March total and a 4.1% drop from the May 2015 result. Cutting tool consumption is an index to overall manufacturing activity....More
Customized tooling for machining oil-and-gas processing valve seat pockets leads a new list of 10 designs and technologies for machine shop operators seeking new ideas to keep them engaged, aware, active, and competitive —to help them improve their shops’ performances.
Machine shop operators need new ideas to keep them engaged, aware, active, and competitive — and new technologies to help them improve their performance. Here are nine product ideas we discovered this week to make machining, shop management, tooling, and quality control more effective and productive.
The EMAG VT 2-4 vertical machine center, capable of dual-sided shaft machining, will be among numerous new technologies at IMTS 2016, for machine shop operators and precision manufacturers seeking difference-making technologies.