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Tooling Demand Up as Machine Tool Orders Drop

 
 
AM Weekly
American Machinist Weekly Update | View online
 
Feb
21

American Machinist Weekly Update

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In The Spotlight
Designing and manufacturing multi-function tools for cutting or milling is a complex process – one that Arch Cutting Tools finds particularly rewarding.
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Cutting tools on an automated lathe.
A drop in orders during Q4 left the full-year total for cutting tool purchases at $2.45 billion, 6.9% higher than the previous annual result.
Since 2018, Olson Custom Designs has occupied a 24,000-square-foot shop in Indianapolis, with 23 CNC machines.
Olson Custom Designs is a start-up success story, but much more than that: it's proof that determination and sound business principals are a foundation for growth.
CNC machining, up close.
Reduced demand from job shops weighed down overall results, but an unexpected rise in December orders drove the full-year total volume above $4.9 billion and improved prospects for 2024 activity.
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Editor's Choice
The largest new 15.9.7 ALTERA C HA high accuracy coordinate measuring machine.
New high-accuracy model boasts an optimized build over other devices in the line.
The GDS µGrind workholding device can be installed quickly, and readjustment between collet changes are unnecessary. Concentricity and wobble adjustment are simple to perform.
The GDS µGrind ANCA collet adaptor is designed for accuracy, consistency, and improved productivity.

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