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December 2020 U.S. cutting tool consumption totaled $157.3 million, according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology.

The Industry 4.0 & Smart Manufacturing Adoption Report by IoT Analytics suggests that Industry 4.0 technology uptake is still low among manufacturers.

The new i-ONE system of exchangeable micrograin carbide drill inserts and premium tool steel holders with coolant channels is based on coating advances and optimized designs for higher tool life and changeover speed, according to tool manufacturer YG-1.

GWS Tool Group has acquired Taurus Tool & Engineering. Taurus, based in Batavia, Illinois. It is the first acquisition in 2021 for GWS Tool Group, following three previous acquisitions in 2020.

Zekelman Industries had a goal to deliver steel-framed, volumetric modular building units up to 50 percent faster, without cost overruns, built to 1/16” (1.59-mm) tolerance.

Properly balancing one's tools can pay big dividends.

Workholding needs to be super-sized when machining workpieces like truck transmission housings, wind turbine blades, rocket bodies, and more, for industries like aerospace and defense, agricultural, energy, marine, rail, and on- and off-road transportation.

The evolution to high speed machining (HSM) is continuing and toolholders are playing a crucial role in that process, which includes the interlinking of machining center, programming, high-speed spindles, advanced cutting tools, balancing, and high-performance toolholders in order for shops to take full advantage of HSM.

At first glance, ceramic cutting tools appear doomed to failure, but the reality is just the opposite.

Machine shops use a variety of techniques to track the condition of their cutting tools, ranging from simple to sophisticated. No matter what monitoring method is used, it can be crucial in preventing catastrophic tool failure. At its best, monitoring also significantly boosts tool life and slashes tooling costs.