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Global metal cutting tools market analysis

Technavio has been monitoring the global metal cutting tools market which, it says, is poised to grow by US$ 10.24 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. Its latest report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

A longer-tailed recovery

On the eve of the six-month anniversary of the UK entering a nationwide lockdown, optimism among UK manufacturers and engineers for a speedy return to ‘normal’ was dissipating, according to research carried out by Subcon, the UK’s subcontract manufacturing supply chain show.

A global production language

Image caption: Hartmut Rauen, Deputy Executive Director, VDMA.

The publication of a new ‘OPC UA for Machinery’ specification moves the manufacturing industry closer to the goal of a global ‘production language’ for machine tools.

MACH moves to 2021

Given the spread of the COVID-19 Coronavirus, the Manufacturing Technologies Association (MTA) has decided that, to minimise the risks to visitors and exhibitors and to provide the best platform for exhibitors and visitors, the MACH exhibition will now take place from 25-28 January 2021.

Prima Power Laserdyne moves to expanded new facilities

Prima Power Laserdyne has announced the relocation and expansion of its manufacturing and operations centre in the U.S. Over February, Prima Power Laserdyne moved from its location in Champlin, Minnesota, to a new facility in Brooklyn Park, Minnesota.
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