Metalworking News by Topics

Acquisitions, Mergers and Takeovers

780

Kyocera Corporation and Nihon Inter Electronics Corporation to merge

17 May 2016, 16:08
Kyocera Corporation and Nihon Inter Electronics Corporation plan to merge with August 1, 2016 being the effective date, Kyocera said in a statement.Nihon engages in the manufacturing and distribution of power semiconductors with the discrete business, module business and product business being the t...
522

Schuler acquires leading die manufacturer AWEBA

14 April 2016, 14:28
Schuler AG, the producer of forming equipment, is to take over the die construction specialist AWEBA and thus expand its activities in this business field, company announced. Based in Aue, Germany, the AWEBA Group is one of the world’s leading full-service providers of dies and fixtures. Schuler wil...
665

Norautron expands in Poland

11 April 2016, 21:28
Norautron has introduced a new 8400 m2 subsidiary in Poland, company announced. As CEO Øyvind Sedivy explains: “For Norautron, it is essential to have a low-cost manufacturing site within the EU. This site is a key to our continued expansion. It also extends our offerings to include both machining a...

Analyst Comment

371

Feintool increases sales in 2016 by 6% in local currency to $547.7 million

13 March 2017, 13:47
Feintool has increased sales by 6% in 2016 compared to the previous year to CHF 552 million ($547.7 million), company said in a statement received by deMetallo. The operating result (EBIT) increased by more than 20% compared to the previous year, to more than CHF 41 m. The operating margin amounted ...
548

PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average

25 May 2016, 14:22
With 82 companies responding, the PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average, reported Precision Machined Products Association. 122 also happens to be the average for the Business Trends Index Year to date. The March – April...
458

U.S. cutting tool YTD consumption down 8.5% in March

17 May 2016, 13:42
March U.S. cutting tool consumption totaled $184.08 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 up 6.2% from Februar...

Certification and Standardization

561

Zober Industries receives ISO 13485 certification

15 January 2016, 14:52
Zober Industries have been certified for ISO 13485 by NQA Global Assurance, company said in a statement. This certification is applicable to the Contract Manufacturing of printed circuit board assemblies, surface mount, through-hole assemblies, the configuration, testing, packaging and fulfillment s...
479

EcoVadis rating: Fives’ corporate social responsibility (CSR) program recognized among the best companies evaluated

7 January 2016, 12:34
Fives has been awarded a rating of 71/100 by EcoVadis for its CSR performance, placing it in the top 2% of businesses assessed (out of the total of 20,000 companies evaluated in 2015), company announced.Every year, Fives group takes the initiative of being evaluated by EcoVadis, a supplier of sustai...
494

Heidenhain introdices new technology in machine tool touch probes

25 November 2015, 09:34
Heidenhain introdiced new technology in machine tool touch probes. Employing a pressure sensor, Heidenhain's unique TS 740 touch probe also simultaneously maintains unusually high accuracy.The TS 740 has an accuracy better than +/- 1µm with a repeatability of 0.25µm at a velocity of 0.25 m/min. With...

Conferences and Exhibitions

834

Liebherr presents its component solutions for construction machinery at CTT 2016

2 June 2016, 17:29
At CTT, Liebherr mainly presents its competence in the area of the development and manufacture of diesel and gas engines, as well as the remanufacturing of components. This is demonstrated at the exhibition stand on the example of a V12 diesel engine.Liebherr V12 diesel engine after general overhaul...
865

AXOOM, MAPAL, SICK and TRUMPF showcase the intelligent manufacture of customized individual products

Special Report: Industry 4.0
25 April 2016, 15:42
With a connected showcase extending across several exhibition booths, the digital business platform AXOOM and its numerous partners are demonstrating how Industry 4.0 functions in exhibition format. At the same time the application makes it clear how AXOOM itself works – namely, as a powerfu...
605

Trumpf showcases pilot factory for Industry 4.0

Special Report: Industry 4.0
19 April 2016, 19:14
Machine tool and laser specialist Trumpf is taking the next step in the practical implementation of Industry 4.0. Its in-house show, INTECH, will be taking place April 19-23, 2016 at Trumpf headquarters in Ditzingen, and the company will be using the event to showcase its connected pilot factory. Tr...

Contracts and Orders

363

GKN Driveline selects Fagor Arrasate for the supply of its first Servopress in Europe

13 March 2017, 13:39
GKN entrusts Fagor Arrasate with the acquisition of a new Full Servo transfer press for cold forging process. The new press of 600-Ton and knuckle joint kinematic chain is adapted to two cold-forging processes and, as well as having the crown and transfer servo operated, it is equipped with servo ej...
988

Schuler supplies TwinServo press to Fischer & Kaufmann in Germany

15 June 2016, 18:01
Schuler has supplied a TwinServo press to Fischer & Kaufmann (Fluka), based in Sauerland, Germany. “We already have a number of presses from Schuler and Müller Weingarten in operation,” reports Site Manager Tobias Heutger: “The quality and performance are always exactly right for us.” With the n...
1145

Sintavia acquires Hot Isostatic Press to complement additive manufacturing center in Florida

14 June 2016, 17:37
Quintus Technologies hot isostatic press (HIP) will round out the line-up of high-tech equipment in the 10,000-square- foot metal additive manufacturing (AM) center opened by Sintavia, LLC, in Davie, Fla. The model QIH 15L press will give Sintavia serial production capability for metal parts that me...

Credits

529

Kennametal signs five-year $600 million loan agreement with enhanced covenants

18 April 2016, 17:15
Kennametal Inc. has signed of a $600 million five-year credit agreement, company announced. This syndicated bank facility amends and restates Kennametal's prior loan agreement. It contains enhanced covenant adjustments relative to the company's amended 2010 agreement."We are very pleased with our ba...
543

CG Commercial Finance completes $6.9 million CNC machinery lease for Turbocam International

20 November 2015, 18:17
CG Commercial Finance (CGCF) announced it has provided lease financing totaling $6,887,616 for various CNC machines to fulfill the increased production requirements of Turbocam’s major customers.Turbocam is a global turbomachinery engineering and manufacturing company supplying the aerospace, indust...
507

The European Investment Bank grants a loan to Spanish DANOBATGROUP

9 November 2015, 14:41
The European Investment Bank grants a loan of €10 million for RDI activities in the field of machine tools to the Spanish machine tool manufacturer Danobat S. Coop., a cooperative integrated in DANOBATGROUP. This loan supports the innovation strategy of the group in the field of machine tools, ...

Duties and Tariffs

443

Rusal: decision of European Commission to impose anti-dumping duty on imports of aluminium foils from Russia unfair

21 December 2015, 09:16
Russian aluminium producer Rusal considers unfair and based on unjustified conclusions the decision of the European Commission dated December 17, 2015 to impose a definitive anti-dumping duty on imports of certain aluminium foils originating from the Russian Federation, company said in a statement.T...
795

D.W. Clark to invest $6 million for metals manufacturing capacity expansion

18 December 2015, 11:18
D.W. Clark, Inc. (Brockton), a metals manufacturing business with facilities in East Bridgewater and Taunton, plans to invest $6 million for metals manufacturing capacity expansion and entirely gut and renovate the former LeBaron Foundry site in Brockton.D.W. Clark, Inc. was founded in 1902 as a fou...
604

EU steel duty hits U.S., Russia, Japan, China and Korea

20 May 2015, 15:33
The European Union imposed tariffs as high as 35.9% on electrical steel from the U.S., Russia, Japan, China and South Korea, seeking to curb competition for EU producers such as ArcelorMittal and ThyssenKrupp AG, Bloomberg reported.The duties punish American, Russian, Japanese, Chinese and Korean ex...

Earnings Projections

371

Feintool increases sales in 2016 by 6% in local currency to $547.7 million

13 March 2017, 13:47
Feintool has increased sales by 6% in 2016 compared to the previous year to CHF 552 million ($547.7 million), company said in a statement received by deMetallo. The operating result (EBIT) increased by more than 20% compared to the previous year, to more than CHF 41 m. The operating margin amounted ...
548

PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average

25 May 2016, 14:22
With 82 companies responding, the PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average, reported Precision Machined Products Association. 122 also happens to be the average for the Business Trends Index Year to date. The March – April...
596

Fanuc, Sisco, Rockwell Automation and Preferred Networks join forces to connect CNCs and robots

20 April 2016, 17:59
Fanuc, Cisco, Rockwell Automation and Preferred Networks will work together on the development and deployment of the FANUC Intelligent Edge Link and Drive (FIELD) system, a platform that connects not only Computer Numerical Control machines (CNCs) and robots, but also peripheral devices and sensors ...

Environmental News

504

Houghton International launches new semi-synthetic metal removal fluid platform for machining and grinding

7 April 2016, 14:06
Houghton International has launched a new semi-synthetic metal removal fluid platform based on a new technology for machining and grinding that provides significant performance and environmental benefits, company announced. HOCUT 4440 is the first product to be introduced from the new platform, deli...
489

Fives to supply of three Enhanced All-Dry (EADTM) dry scrubbing systems to Outotec Energy Products

1 April 2016, 15:15
Fives will supply of three Enhanced All-Dry (EADTM) dry scrubbing systems to Outotec Energy Products, Fives announced. The three identical EAD™ systems will control emissions from three Outotec gasifiers to be installed in the United Kingdom. The gasifiers are designed to process woodwastes and ref...
715

Walter Meier sells its manufucturing technology business to management team led by managing director Jochen Nutz

15 December 2015, 15:59
Walter Meier has sold its manufucturing technology business to a management team led by managing director Jochen Nutz in order to focus fully on climate technology business, company announced. Company is now concentrated on its Swiss wholesale and service business involving heating and air condition...

Facility and Equipment

348

Sandvik Coromant unveils a revolution in turning

14 April 2017, 14:38
Cutting tool and tooling system specialist Sandvik Coromant has unveiled a revolutionary new turning concept that offers improved machining flexibility and the potential for significant productivity gains. The company’s PrimeTurning™ methodology and supporting tools provide manufacturers, particular...
363

GKN Driveline selects Fagor Arrasate for the supply of its first Servopress in Europe

13 March 2017, 13:39
GKN entrusts Fagor Arrasate with the acquisition of a new Full Servo transfer press for cold forging process. The new press of 600-Ton and knuckle joint kinematic chain is adapted to two cold-forging processes and, as well as having the crown and transfer servo operated, it is equipped with servo ej...
988

Schuler supplies TwinServo press to Fischer & Kaufmann in Germany

15 June 2016, 18:01
Schuler has supplied a TwinServo press to Fischer & Kaufmann (Fluka), based in Sauerland, Germany. “We already have a number of presses from Schuler and Müller Weingarten in operation,” reports Site Manager Tobias Heutger: “The quality and performance are always exactly right for us.” With the n...

Finance

371

Feintool increases sales in 2016 by 6% in local currency to $547.7 million

13 March 2017, 13:47
Feintool has increased sales by 6% in 2016 compared to the previous year to CHF 552 million ($547.7 million), company said in a statement received by deMetallo. The operating result (EBIT) increased by more than 20% compared to the previous year, to more than CHF 41 m. The operating margin amounted ...
690

Mapal Group's sales in 2015 rose by 6% to Euro 540 million

15 June 2016, 17:45
Mapal Group's consolidated sales in 2015 rose by 6% to Euro 540 million, company announced. “The result shows that we are on the right track with our investments and innovations. We have achieved the goal of a further increase in sales that we set ourselves for 2015,” says President Dr. Dieter Kress...
868

Liebherr's machine tools and automation systems division increases turnover in 2015 by 16.9% to Euro 242 million

15 June 2016, 17:33
Liebherr's machine tools and automation systems division has increased in 2015 turnover by Euro 35 million or 16.9% to Euro 242 million, company reported.In 2015 the German machine tool industry received orders slightly above the previous year’s level. According to the Association of German Machine ...

Information Technology

497

Okuma to build new headquarters factory in Oguchi, Aichi Prefecture, Japan

Special Report: Industry 4.0
25 May 2016, 18:34
Okuma will build a new factory called Dream Site 2 (DS2) to shorten lead times and pursue high added value and high-efficiency production, company said in a statement. The first step is the start of construction for the new factory's west half (Materials Receiving Center, Machine Shop). According to...
530

Fives introduces new remote Diagnostic Communication System connecting machine operators to technical support

25 May 2016, 13:25
Fives has introduced a new remote diagnostics capability that allows machine operators to connect with the Group’s technical experts via secure CNC screen sharing.In a significant percentage of cases, machine problems may be diagnosed and solved in minutes. "In 30 to 40% of cases, we can solve a cus...
512

Stratasys launches bold 3D printing software strategy and universal design-to-3D print application, GrabCAD Print

17 May 2016, 16:27
Stratasys Ltd., the 3D printing and additive manufacturing solutions company, today unveiled a bold, new software strategy designed to make 3D printing significantly easier, more intuitive and highly accessible, company announced. The approach is powered by a new, open architecture "design-to-3D pri...

International Trade

371

Feintool increases sales in 2016 by 6% in local currency to $547.7 million

13 March 2017, 13:47
Feintool has increased sales by 6% in 2016 compared to the previous year to CHF 552 million ($547.7 million), company said in a statement received by deMetallo. The operating result (EBIT) increased by more than 20% compared to the previous year, to more than CHF 41 m. The operating margin amounted ...
363

GKN Driveline selects Fagor Arrasate for the supply of its first Servopress in Europe

13 March 2017, 13:39
GKN entrusts Fagor Arrasate with the acquisition of a new Full Servo transfer press for cold forging process. The new press of 600-Ton and knuckle joint kinematic chain is adapted to two cold-forging processes and, as well as having the crown and transfer servo operated, it is equipped with servo ej...
868

Liebherr's machine tools and automation systems division increases turnover in 2015 by 16.9% to Euro 242 million

15 June 2016, 17:33
Liebherr's machine tools and automation systems division has increased in 2015 turnover by Euro 35 million or 16.9% to Euro 242 million, company reported.In 2015 the German machine tool industry received orders slightly above the previous year’s level. According to the Association of German Machine ...

Investments

868

Liebherr's machine tools and automation systems division increases turnover in 2015 by 16.9% to Euro 242 million

15 June 2016, 17:33
Liebherr's machine tools and automation systems division has increased in 2015 turnover by Euro 35 million or 16.9% to Euro 242 million, company reported.In 2015 the German machine tool industry received orders slightly above the previous year’s level. According to the Association of German Machine ...
497

Okuma to build new headquarters factory in Oguchi, Aichi Prefecture, Japan

Special Report: Industry 4.0
25 May 2016, 18:34
Okuma will build a new factory called Dream Site 2 (DS2) to shorten lead times and pursue high added value and high-efficiency production, company said in a statement. The first step is the start of construction for the new factory's west half (Materials Receiving Center, Machine Shop). According to...
521

Feintool increases sales by 12% in 1Q16 to CHF 139 million ($144.6 million)

20 April 2016, 15:37
Feintool reported sales of CHF 139 million ($144.6 million) from January 1 through March 31 2016, which corresponds to an increase of 12% after adjusting for currency-related factors. The series parts production business saw growth of 8% before allowing for exchange rate effects, while the cyclical ...

Joint Ventures

596

Fanuc, Sisco, Rockwell Automation and Preferred Networks join forces to connect CNCs and robots

20 April 2016, 17:59
Fanuc, Cisco, Rockwell Automation and Preferred Networks will work together on the development and deployment of the FANUC Intelligent Edge Link and Drive (FIELD) system, a platform that connects not only Computer Numerical Control machines (CNCs) and robots, but also peripheral devices and sensors ...
658

DANOBAT to supply several horizontal TTB lathes for pipes to Tubos Reunidos

22 January 2016, 14:02
The international company Tubos Reunidos has its new facility ready with DANOBAT machines for the manufacture of threaded pipes and hoses, DANOBAT announced. The project is the result of the joint venture of Tubos Reunidos and Marubeni; the premises total some 31,500 square meters with, amongst othe...
590

CNC Software and Sandvik Coromant will be working together to integrate the Adveon Tool Library with Mastercam

5 January 2016, 17:12
CNC Software, Inc. and Sandvik Coromant have announced that they will be working together to integrate the Adveon Tool Library with Mastercam. Adveon will help Mastercam users to further improve machining productivity and security, and save time during machine set-up. By reducing the engineer’s inpu...

Management/Corporate changes/Labour

690

Mapal Group's sales in 2015 rose by 6% to Euro 540 million

15 June 2016, 17:45
Mapal Group's consolidated sales in 2015 rose by 6% to Euro 540 million, company announced. “The result shows that we are on the right track with our investments and innovations. We have achieved the goal of a further increase in sales that we set ourselves for 2015,” says President Dr. Dieter Kress...
681

Stratasys announces retirement of David Reis as CEO

2 June 2016, 17:41
Stratasys Ltd., the 3D printing and additive manufacturing solutions company, announced that David Reis has decided to step down from his position as the Chief Executive Officer, effective June 30, 2016.During his tenure as CEO, David Reis led the successful merger and integration of Stratasys and O...
485

Stratasys appoints IBM Veteran, Tim Bohling as Chief Marketing Officer

26 May 2016, 12:39
Stratasys Ltd., the 3D printing and additive manufacturing solutions company, named IBM veteran Tim Bohling as its Chief Marketing Officer. Bohling joins the company's leadership team and will lead Stratasys worldwide marketing strategies to drive growth and deliver on the company's value promise to...

Market share

497

USW: In 2014, global steel production overcapacity was over 700 million tons

13 April 2016, 16:37
In 2014, that global steel production overcapacity was more than 700 million tons, reported United Steel Workers. According to the American Iron and Steel Institute the majority of that amount – 425 million tons – is specifically Chinese overcapacity.In assessing the state of both the American and t...
472

Iniram Machinery adds Toyoda products to its offering

12 November 2015, 17:13
Iniram Machinery announced the addition of Toyoda Machinery to their already line-up of machinery. Toyoda machines are engineered for innovators, and built with the speed, strength, and capacity to get the job done – as it is said in the company statement, received by deMetallo. Toyoda Machi...
458

Embraer forecasts demand for jets with 70 to 130-seat capacity will be 6,350 new in nearest 20 years

10 November 2015, 16:34
According to the global Embraer Market Outlook the market will demand 6,350 new jets in 70 to 130-seat capacity segment for the next 20 years, That is valued at $300 billion. Embraer projects market deliveries of 2,250 units in the 70 to 90-seat segment and 4,100 units in the 90 to 130-seat segm...

Marketing

521

Mazak to open 14th European Technology Center in Hungary

6 April 2016, 09:00
Yamazaki Mazak has announced the opening of its Technology Center Hungary, the 14th Technology Center in Europe. The new Technology Center, the 80th Mazak support base in the world, will be located in Soskut, near Budapest, and compliments Yamazaki Mazak Central Europe’s existing Technology Centers...
546

Okuma names Caron Engineering as Partner of the Year

6 January 2016, 14:43
Okuma America Corporation, a world-leader in CNC machine tool manufacturing has named Caron Engineering, a single source provider of custom development, design and assembly of CNC software and technologies as Partner of the Year by Okuma distributors amongst all 50 members of Partners in THINC. Caro...
610

EOS and SLM Solutions agree a cross-licence for Laser Sintering / Selective Laser Melting

2 December 2015, 12:55
EOS and SLM Solutions, both leading providers of the metal-based additive manufacturing technology (3D printing), have announced that they have entered into a cross licensing agreement. The licence includes patents of both parties for laser sintering and selective laser melting, and is in addition t...

Monopolies and Competition

497

USW: In 2014, global steel production overcapacity was over 700 million tons

13 April 2016, 16:37
In 2014, that global steel production overcapacity was more than 700 million tons, reported United Steel Workers. According to the American Iron and Steel Institute the majority of that amount – 425 million tons – is specifically Chinese overcapacity.In assessing the state of both the American and t...
708

Flack Steel acquires non-physical assets of CMP

21 December 2015, 09:32
Flack Steel has closed the deal on acquisition of selected assets of Consolidated Systems, Inc.’s (CSi) Consolidated Metal Products (CMP) business, company announced. The acquisition expands Flack Steel’s penetration into the bare and painted hot-rolled and cold-rolled carbon steel, galvanized, stai...
443

Rusal: decision of European Commission to impose anti-dumping duty on imports of aluminium foils from Russia unfair

21 December 2015, 09:16
Russian aluminium producer Rusal considers unfair and based on unjustified conclusions the decision of the European Commission dated December 17, 2015 to impose a definitive anti-dumping duty on imports of certain aluminium foils originating from the Russian Federation, company said in a statement.T...

New Products and Services

348

Sandvik Coromant unveils a revolution in turning

14 April 2017, 14:38
Cutting tool and tooling system specialist Sandvik Coromant has unveiled a revolutionary new turning concept that offers improved machining flexibility and the potential for significant productivity gains. The company’s PrimeTurning™ methodology and supporting tools provide manufacturers, particular...
716

TRUMPF taps into new fields of application for ultra-short pulse lasers

2 June 2016, 17:48
Laser specialist TRUMPF has continued technical development of its ultra-short pulsed lasers and is set to release a new picosecond laser, the TruMicro 2000. The new laser can be used in a wide spectrum of industry applications ranging from high-quality metal engraving to cutting extremely thin film...
834

Liebherr presents its component solutions for construction machinery at CTT 2016

2 June 2016, 17:29
At CTT, Liebherr mainly presents its competence in the area of the development and manufacture of diesel and gas engines, as well as the remanufacturing of components. This is demonstrated at the exhibition stand on the example of a V12 diesel engine.Liebherr V12 diesel engine after general overhaul...

Operations

548

PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average

25 May 2016, 14:22
With 82 companies responding, the PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average, reported Precision Machined Products Association. 122 also happens to be the average for the Business Trends Index Year to date. The March – April...
469

Severstal reported 1Q16 revenue decreased 28.3% y/y to $1,097 million, EBITDA decreased 53.2% to $273 million

21 April 2016, 09:49
Severstal Group reported Q1 2016 revenue decreased 28.3% y/y to $1,097 million (Q1 2015: $1,531 million) primarily impacted by a substantial decline in average selling prices as well as a marginal reduction in sales volumes at both Russian Steel and Resources segments. Group EBITDA decreased 53.2% y...
529

Severstal reported Q1 2016 steel products sales decreased 4% to 2.46 million tonnes y-o-y

12 April 2016, 15:20
Severstal reported Q1 2016 steel products sales decreased 4% to 2.46 million thousand tonnes y-o-y. Company's hot metal output remained largely unchanged q/q at 2.35 million tonnes (Q4 2015: 2.34 mln tonnes). As operations of converter #1, continuous casters #4 and #5 and the billet caster at Cherep...

Plans and Strategy

371

Feintool increases sales in 2016 by 6% in local currency to $547.7 million

13 March 2017, 13:47
Feintool has increased sales by 6% in 2016 compared to the previous year to CHF 552 million ($547.7 million), company said in a statement received by deMetallo. The operating result (EBIT) increased by more than 20% compared to the previous year, to more than CHF 41 m. The operating margin amounted ...
497

Okuma to build new headquarters factory in Oguchi, Aichi Prefecture, Japan

Special Report: Industry 4.0
25 May 2016, 18:34
Okuma will build a new factory called Dream Site 2 (DS2) to shorten lead times and pursue high added value and high-efficiency production, company said in a statement. The first step is the start of construction for the new factory's west half (Materials Receiving Center, Machine Shop). According to...
548

PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average

25 May 2016, 14:22
With 82 companies responding, the PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average, reported Precision Machined Products Association. 122 also happens to be the average for the Business Trends Index Year to date. The March – April...

Ratings

532

Precision Machined Products Association reports Business Trends Index in March 2016 climbed 14 points or 12% to 131

21 April 2016, 17:01
PMPA Business Trends Index in March 2016 climbed 14 points or 12% to 131, only the third time the index has been above 130 in its history (137 in March 2015; 131 October 2014), reported Precision Machined Products Association. For March 2016 index is at 96% of last year's March index, but PMPA avera...
479

EcoVadis rating: Fives’ corporate social responsibility (CSR) program recognized among the best companies evaluated

7 January 2016, 12:34
Fives has been awarded a rating of 71/100 by EcoVadis for its CSR performance, placing it in the top 2% of businesses assessed (out of the total of 20,000 companies evaluated in 2015), company announced.Every year, Fives group takes the initiative of being evaluated by EcoVadis, a supplier of sustai...
546

Okuma names Caron Engineering as Partner of the Year

6 January 2016, 14:43
Okuma America Corporation, a world-leader in CNC machine tool manufacturing has named Caron Engineering, a single source provider of custom development, design and assembly of CNC software and technologies as Partner of the Year by Okuma distributors amongst all 50 members of Partners in THINC. Caro...

Sales and Markets

363

GKN Driveline selects Fagor Arrasate for the supply of its first Servopress in Europe

13 March 2017, 13:39
GKN entrusts Fagor Arrasate with the acquisition of a new Full Servo transfer press for cold forging process. The new press of 600-Ton and knuckle joint kinematic chain is adapted to two cold-forging processes and, as well as having the crown and transfer servo operated, it is equipped with servo ej...
988

Schuler supplies TwinServo press to Fischer & Kaufmann in Germany

15 June 2016, 18:01
Schuler has supplied a TwinServo press to Fischer & Kaufmann (Fluka), based in Sauerland, Germany. “We already have a number of presses from Schuler and Müller Weingarten in operation,” reports Site Manager Tobias Heutger: “The quality and performance are always exactly right for us.” With the n...
868

Liebherr's machine tools and automation systems division increases turnover in 2015 by 16.9% to Euro 242 million

15 June 2016, 17:33
Liebherr's machine tools and automation systems division has increased in 2015 turnover by Euro 35 million or 16.9% to Euro 242 million, company reported.In 2015 the German machine tool industry received orders slightly above the previous year’s level. According to the Association of German Machine ...

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