Metal fabrication

Best R&D Tax Credit (2024) Companies: Engineered Tax Services Review Published by Better Business Advice

Retrieved on: 
Friday, March 8, 2024

Amidst a crowded field of contenders, Engineered Tax Services (ETS) has been recommended for its expertise and commitment to helping businesses navigate the complexities of the R&D Tax Credit.

Key Points: 
  • Amidst a crowded field of contenders, Engineered Tax Services (ETS) has been recommended for its expertise and commitment to helping businesses navigate the complexities of the R&D Tax Credit.
  • Engineered Tax Services (ETS) offers a comprehensive and expert-driven service for securing R&D Tax Credits, ensuring companies maximize their entitlement.
  • Better Business Advice underscores the strategic advantage that the R&D Tax Credit offers to innovative companies.
  • By partnering with Engineered Tax Services , businesses can ensure they fully capitalize on this opportunity, bolstering their innovation efforts while enjoying significant tax savings.

Global Welding Guns and Torches Market Outlook & Forecasts 2023-2028 Featuring Key Vendors - ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect - ResearchAndMarkets.com

Retrieved on: 
Wednesday, February 7, 2024

Major players in the worldwide welding guns and torches market are ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect, which act as dominant forces in the industry.

Key Points: 
  • Major players in the worldwide welding guns and torches market are ESAB, Fronius International, Illinois Tool Works, Lincoln Electric, and Panasonic Connect, which act as dominant forces in the industry.
  • The Asia Pacific region dominated the global welding guns and torches market share in 2022, responsible for over 37% of the total revenue.
  • Advanced welding processes are a significant phenomenon driving the growth of the welding guns and torches market.
  • The global welding guns and torches market is highly diverse and segmented, with various types of equipment tailored to different welding processes.

Fairbanks Morse Defense Acquires Samtan Engineering Corporation

Retrieved on: 
Monday, January 8, 2024

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired single-source metalworking supplier Samtan Engineering Corporation based in Malden, Massachusetts.

Key Points: 
  • Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired single-source metalworking supplier Samtan Engineering Corporation based in Malden, Massachusetts.
  • “Our acquisition of Samtan Engineering Corporation allows Fairbanks Morse Defense to continue delivering value far beyond the cost of our services through the seamless integration of metal-stamped products and machine shop services ,” said FMD CEO George Whittier.
  • Their team will be a valuable addition to the Fairbanks Morse Defense brand.”
    Since 1962, Samtan Engineering Corporation has evolved into a leading single-source metalworking supplier with services such as shearing, punching, forming, machining, welding, and assembly capabilities .
  • “As part of the Fairbanks Morse Defense brand, Samtan can accelerate the installation of metalworking products into new U.S. Navy ship classes and other vessels,” said Dana Miele, Samtan GM.

Complete Solaria Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023

We now have a growing company with $88 million in annualized revenue that comes solely from the high-margin systems business.

Key Points: 
  • We now have a growing company with $88 million in annualized revenue that comes solely from the high-margin systems business.
  • As shown in the headcount graph below, by the end of the second quarter (WW26), our headcount had been reduced to 415.
  • Today (WW46), our headcount is down 33% to 285 and will be lower yet by the end of the quarter.
  • Complete Solaria now focuses solely on what it does best – the Systems business.

TriMas Appoints New General Manager of Its Allfast Fastening Systems Business

Retrieved on: 
Thursday, December 7, 2023

TriMas (NASDAQ: TRS) today announced the appointment of William “Bill” Carrigan to the position of Allfast Fastening Systems General Manager, effective December 1, 2023.

Key Points: 
  • TriMas (NASDAQ: TRS) today announced the appointment of William “Bill” Carrigan to the position of Allfast Fastening Systems General Manager, effective December 1, 2023.
  • He will report directly to Vitaliy Rusakov, recently hired as President of TriMas Aerospace.
  • In connection with this announcement, Patrick Gioia, Allfast’s prior General Manager, has left the company to pursue other opportunities.
  • TriMas Aerospace goes to market under the following leading brands: Monogram Aerospace Fasteners™, Allfast Fastening Systems®, Mac Fasteners™, RSA Engineered Products, Weldmac Manufacturing, Martinic Engineering™ and TFI Aerospace.

Foundry Equipment Market size to increase by USD 6.87 billion from 2022 to 2027, Advances in heat treatment technology boost the market - Technavio

Retrieved on: 
Wednesday, November 22, 2023

NEW YORK, Nov. 22, 2023 /PRNewswire/ -- The foundry equipment market size is expected to grow by USD 6.87 billion between 2022 and 2027.

Key Points: 
  • NEW YORK, Nov. 22, 2023 /PRNewswire/ -- The foundry equipment market size is expected to grow by USD 6.87 billion between 2022 and 2027.
  • The advances in heat treatment technology drive the market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • The market growth in this segment is fuelled by the growth of the automotive and construction industry which in turn drives the market growth.

TriMech adds desktop waterjet cutter WAZER to its lineup of products and services for engineers and manufacturers

Retrieved on: 
Tuesday, November 14, 2023

RICHMOND, Va., Nov. 14, 2023 /PRNewswire/ -- WAZER, the world's only desktop CNC waterjet cutter, is now sold and supported by TriMech.

Key Points: 
  • RICHMOND, Va., Nov. 14, 2023 /PRNewswire/ -- WAZER, the world's only desktop CNC waterjet cutter, is now sold and supported by TriMech.
  • WAZER, the world's only desktop CNC waterjet cutter, is now sold and supported by TriMech.
  • As a leading technology and business solutions partner for engineers and manufacturers, TriMech is well positioned to add the WAZER waterjet to its existing lineup of advanced design and manufacturing software, hardware and services.
  • The WAZER waterjet is exciting because it's accessible to a wide array of our clients and expands their range of materials.

Miller Electric Mfg. LLC and IPG Photonics Announce Strategic Technology Collaboration to Deliver Leading Laser Solutions to the Handheld Welding Market

Retrieved on: 
Tuesday, November 7, 2023

APPLETON, Wis., Nov. 7, 2023 /PRNewswire/ -- Miller Electric Mfg. LLC, a leading worldwide manufacturer of arc welding products, and IPG Photonics Corporation (NASDAQ: IPGP), a global leader in fiber laser technology, today announced a strategic technology partnership with a goal to further promote laser solutions for handheld welding applications.

Key Points: 
  • LLC, a leading worldwide manufacturer of arc welding products, and IPG Photonics Corporation (NASDAQ: IPGP), a global leader in fiber laser technology, today announced a strategic technology partnership with a goal to further promote laser solutions for handheld welding applications.
  • The combination of Miller's extensive knowledge of the unique needs of traditional welding methods and IPG Photonics' expertise in fiber laser technology will bring ease of use, speed and precision, transforming the handheld welding process.
  • Miller Electric and IPG Photonics are renowned for their unwavering commitment to innovation and are synonymous with quality and reliability.
  • "We are excited to enter this partnership with Miller, as it allows us to pioneer new frontiers in handheld welding technology.

IPG Photonics and Miller Electric Mfg. LLC Announce Strategic Technology Collaboration to Deliver Leading Laser Solutions to the Handheld Welding Market

Retrieved on: 
Tuesday, November 7, 2023

LLC, a leading worldwide manufacturer of arc welding products, today announced a strategic partnership with a goal to further promote laser solutions for handheld welding applications.

Key Points: 
  • LLC, a leading worldwide manufacturer of arc welding products, today announced a strategic partnership with a goal to further promote laser solutions for handheld welding applications.
  • The combination of IPG Photonics’ expertise in fiber laser technology and Miller’s extensive knowledge of the unique needs of traditional welding methods will bring ease of use, speed and precision, transforming the handheld welding process.
  • IPG Photonics and Miller Electric are renowned for their unwavering commitment to innovation and are synonymous with quality and reliability.
  • "We are excited to embark on this partnership with Miller Electric, as it allows us to pioneer new frontiers in handheld welding technology.

Computer Numerical Control Machines Market Analysis Report 2023: Lathe Machines, Milling Machines, Laser Machines - Global Forecast to 2030 - ResearchAndMarkets.com

Retrieved on: 
Friday, October 27, 2023

The "Computer Numerical Control Machines Market Size, Share & Trends Analysis Report By Type (Lathe Machines, Milling Machines, Laser Machines), By End-use (Automotive, Industrial, Construction Equipment), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Computer Numerical Control Machines Market Size, Share & Trends Analysis Report By Type (Lathe Machines, Milling Machines, Laser Machines), By End-use (Automotive, Industrial, Construction Equipment), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
  • The computer numerical control (CNC) machines market is poised for remarkable growth, with projections indicating a market size of USD 132.93 billion by 2030.
  • A pivotal factor driving the global surge in CNC machines adoption is their remarkable capacity to automate manufacturing processes.
  • Milling Machines on the Rise: The milling machines segment is projected to achieve the highest CAGR of 12.0% during the forecast period.