News en Timken Purchase Expands Lubrication, Truck Offerings <div class="node-body article-body">The Timken Co. is paying $280 million to acquire Groeneveld Group, a supplier of automatic lubrication systems for commercial highway and off-highway vehicles. The Netherlands-based group has manufacturing in Italy, and also has a telematics (long-range data transfer technology) business for truck-fleet operators.</div> <p><a href="" target="_blank">read more</a></p> News Wed, 28 Jun 2017 22:11:00 +0000 65201 at <p>Groeneveld automatic lubrication delivery systems improve performance, availability, and safety on heavy trucks and machinery.</p> Boeing Takes Stake in AI, Machine Learning Tech Developer <div class="node-body article-body">Boeing is investing in SparkCognition, an Austin, Tex., company that develops “machine learning technology” for applications in information technology, energy, oil-and-gas, manufacturing, finance, aerospace, defense, telecommunications and security.</div> <p><a href="" target="_blank">read more</a></p> Machining / Cutting News Tue, 27 Jun 2017 01:05:00 +0000 64971 at <p>&quot;SparkCognition is at the forefront of a technological shift in machine learning and artificial intelligence that will revolutionize every aspect of industry,&rdquo; according to Boeing CTO Greg Hyslop.</p> Global Steel Tonnage Still Inching Upward <div class="node-body article-body">Global raw steel production rose only a slightly from April to May according to the World Steel Association, which tracks output and capacity utilization in 67 countries. It reported total worldwide output of 143.3 million metric tons for the month, up 0.9% from the April result and 2.02% from the May 2016 total. With the latest totals, the 2017 year-to-date total for global raw-steel production is 694.9 million metric tons, which is 4.62% higher than 2016’s January-May total output.</div> <p><a href="" target="_blank">read more</a></p> News Sun, 25 Jun 2017 14:46:00 +0000 64901 at EU Machine Tool Builders See Growth, Seek ‘Freer’ Data <div class="node-body article-body">CECIMO issued a generally positive forecast for 2017 machine tool demand, and made a direct appeal for EU regulators to encourage the growth of a data-exchanging digital manufacturing economy. </div> <p><a href="" target="_blank">read more</a></p> Machining / Cutting News Shop Operations Fri, 23 Jun 2017 02:38:00 +0000 64811 at <p>European machine tool exports are likely to grow to $21.2 million in 2017, due to &ldquo;digitization&rdquo; and a reputation for high-quality standards, according to Starrag AG&rsquo;s vice chairman Dr. Frank Brinken, who also is chairman of the CECIMO Economic Committee.</p> Boeing Raises 20-Year Outlook for New Jet Demand <div class="node-body article-body">Boeing is projecting the 20-year global demand for new commercial airplanes will reach 41,030 jets, which it values now at $6.1 trillion dollars.</div> <p><a href="" target="_blank">read more</a></p> News Thu, 22 Jun 2017 01:48:00 +0000 64661 at <p>Boeing&rsquo;s 20-year wide-body jet forecast calls for 9,130 new aircraft to be supplied through 2036, notably to address a &ldquo;large wave of potential replacement demand beginning early in the next decade,&rdquo; according to Boeing. Its 787 (shown) and 777 series jets serve that segment of the market.</p> US Machine Tool Orders Fell in April, But Up YTD <div class="node-body article-body">U.S. manufacturers’ new orders for machine tools in April totaled $324.46 million, a drop of 21.0% from the March result and yet a 12.3% improvement over the April 2016 total. The latest results brought the year-to-date total for manufacturing technology orders to $1.29 billion, or 2.1% higher than the comparable figure for January-April 2016.</div> <p><a href="" target="_blank">read more</a></p> Machining / Cutting News Wed, 21 Jun 2017 02:41:00 +0000 64551 at Rolls-Royce Ships First Trent 7000 Engines for A330neo <div class="node-body article-body">Rolls-Royce plc shipped two Trent 7000 engines that will power the first flight of the Airbus A330neo — the wide-body aircraft being positioned as a competitor to the Boeing 787 Dreamliner. The commercial debut of the A330neo has been delayed, reportedly owing to delays in the engines’ availability, but earlier this month Airbus Commercial Aircraft program head Didier Evrard reported the OEM has two prototype aircraft assembled, and expects the Trent 7000 engines to be available this month.</div> <p><a href="" target="_blank">read more</a></p> Machining / Cutting News Sun, 18 Jun 2017 17:24:00 +0000 64341 at <p>Rolls-Royce Trent 7000 engine at the Derby, England, manufacturing center, prior to delivery to Airbus in Toulouse, France<em>.</em></p> Metals Service Center Shipments Rose Again in May <div class="node-body article-body">Deliveries of steel and aluminum products by North American metal service centers rose by double digits from April to May, largely reversing a similar decline during the previous month, and also maintaining a solid lead over the May 2016 levels. Also, service centers’ inventories of steel and aluminum products measured steady declines. </div> <p><a href="" target="_blank">read more</a></p> Machining / Cutting News Fri, 16 Jun 2017 03:16:00 +0000 64241 at <p>Service centers supply a significant volume of steel and aluminum products consumed by machine shops and fabricators, whose activities reflect overall industrial activity in North America.</p> Metals Centers Say Modernize NAFTA to Achieve Fair Trade <div class="node-body article-body">The Metals Service Center Institute supports the domestic steel industry’s petition for tighter import restrictions, but says steel consumers would benefit from “upgraded” NAFTA trade rules.</div> <p><a href="" target="_blank">read more</a></p> News Shop Operations Thu, 15 Jun 2017 02:26:00 +0000 64111 at <p>&ldquo;Addressing and enhancing efficiency at U.S., Canadian and Mexican borders will result in a more competitive industrial metals supply chain and increased global competitiveness for U.S. manufacturers which will result in economic growth and U.S. jobs,&rdquo; according to the Metals Service Center Institute</p> US Cutting Tool Consumption Dropped 16% in April <div class="node-body article-body">Machine shops and other domestic manufacturers consumed $168.03 million worth of cutting tools during April, 16% less than the comparable total for March and 3.6% less than the April 2016 figure.</div> <p><a href="" target="_blank">read more</a></p> Cutting Tools News Wed, 14 Jun 2017 03:11:00 +0000 63981 at