Machining

EQS-News: SMT Scharf AG: Supervisory Board appoints new Managing Board

Retrieved on: 
Tuesday, November 7, 2023

In addition, Mr. Volker Weiss was appointed as a member of the Managing Board as of November 1, 2023.

Key Points: 
  • In addition, Mr. Volker Weiss was appointed as a member of the Managing Board as of November 1, 2023.
  • Prof. Dr. Louis Velthuis, Chairman of the Supervisory Board of SMT Scharf AG, comments: “We are very pleased that Mr. Reinhard Reinartz and Mr. Volker Weiss have decided to assume the roles of CEO and CFO respectively at SMT Scharf AG.
  • Overall, the SMT Scharf Group is active with subsidiaries in seven countries, as well as commercial agencies worldwide.
  • SMT Scharf generates a large share of its revenue in growing foreign markets such as China, Russia, Poland and South Africa.

Ingersoll Rand Reports Record Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 1, 2023

Ingersoll Rand Inc. (NYSE: IR) reported record third quarter revenues.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR) reported record third quarter revenues.
  • Ingersoll Rand remains in a strong financial position with ample liquidity of $3.2 billion.
  • Consistent with our comprehensive capital allocation strategy led by M&A, in the third quarter of 2023, Ingersoll Rand deployed $308 million to M&A.
  • Ingersoll Rand closed on the acquisition of Howden Roots LLC (“Roots”), a leading provider of low-pressure compression and vacuum technologies.

Ingersoll Rand Completes Two Acquisitions to Enhance Capabilities in High-Growth Sustainable End Markets

Retrieved on: 
Wednesday, October 4, 2023

Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisitions of Oxywise s.r.o.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has completed the acquisitions of Oxywise s.r.o.
  • The addition of Fraserwoods and its 13 employees expands Ingersoll Rand’s technical expertise and service capabilities in western Canada.
  • “These acquisitions strengthen our company’s core capabilities and provide opportunities to grow our exposure in high-growth, sustainable end markets,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand.
  • “We are excited to welcome the expertise and quality that Oxywise and Fraserwoods are known for in their respective markets.”

WHAT'S NEW: 2024 LEXUS ES

Retrieved on: 
Wednesday, June 28, 2023

In addition, the F SPORT Handling grade is available on ES 350 and ES 300h, further enhancing the driving appearance and sportiness of the Lexus ES.

Key Points: 
  • In addition, the F SPORT Handling grade is available on ES 350 and ES 300h, further enhancing the driving appearance and sportiness of the Lexus ES.
  • In true Lexus fashion, the 2024 ES blends a driver-centric cockpit with spacious and comfortable areas for the passengers.
  • The 2024 ES is equipped with Lexus Interface, giving drivers the opportunity to access a wide range of enhanced connectivity and convenience features, including Over-the-Air (OTA) updates.
  • The 2024 ES comes standard with Lexus Safety System+ 2.5, which brings a suite of key active safety and convenience features to the vehicle.

Tooling U-SME, CESMII Launch Fundamentals of Smart Manufacturing Learning Curriculum

Retrieved on: 
Tuesday, June 13, 2023

Tooling U-SME , the workforce development division of SME, and CESMII–The Smart Manufacturing Institute , sponsored by NIST and the U.S Department of Energy, have launched a Fundamentals of Smart Manufacturing learning curriculum for building awareness and educating the workforce around newly available smart manufacturing processes and technologies.

Key Points: 
  • Tooling U-SME , the workforce development division of SME, and CESMII–The Smart Manufacturing Institute , sponsored by NIST and the U.S Department of Energy, have launched a Fundamentals of Smart Manufacturing learning curriculum for building awareness and educating the workforce around newly available smart manufacturing processes and technologies.
  • “This common foundation is important in Smart Manufacturing’s adoption and in realizing the technologies benefits of improved quality, reduced costs and processes and workforce efficiencies.”
    The Fundamentals of Smart Manufacturing learning package introduces important business opportunities, technical advances, and organizational factors when considering a smart manufacturing transformation.
  • “The Smart Manufacturing courses from Tooling U-SME and CESMII offer a great way to update the workforce’s knowledge with the flexibility of on-demand courses.
  • With Tooling U-SME’s extensive training experience and reach into industry and academia and CESMII’s subject matter expertise and know-how on smart manufacturing technology and business practices, the CESMII and Tooling U-SME collaboration on smart manufacturing training will expedite adoption and drive progress through transformational workforce development.

Tooling U-SME Partners With CyManII to Launch a Cybersecurity Training Program

Retrieved on: 
Thursday, March 23, 2023

Tooling U-SME , the workforce training and development arm of SME, and CyManII , the Cybersecurity Manufacturing Innovation Institute, have partnered to deliver “CyManII Sealed” – endorsed cybersecurity training for manufacturers.

Key Points: 
  • Tooling U-SME , the workforce training and development arm of SME, and CyManII , the Cybersecurity Manufacturing Innovation Institute, have partnered to deliver “CyManII Sealed” – endorsed cybersecurity training for manufacturers.
  • View the full release here: https://www.businesswire.com/news/home/20230323005039/en/
    Tooling U-SME "CyManII Sealed" cybersecurity training program (Photo: Business Wire)
    “Cybersecurity is highly reliant on people,” said Jeannine Kunz, Chief Workforce Development Officer at SME.
  • Leveraging Tooling U-SME’s training portfolio and extensive reach into industry and academia, CyManII Sealed will drive progress through transformational workforce development.
  • Through this national collaboration, Tooling U-SME will become a key partner for CyManII, launching CyManII Sealed-approved training and setting a new standard in industry cybersecurity learning solutions for the manufacturing sector.

Invitation - Sandvik Capital Markets Day on May 17th

Retrieved on: 
Thursday, March 17, 2022

SANDVIKEN, Sweden, March 17, 2022 /PRNewswire/ -- Sandvik has the pleasure to invite investors, analysts and financial media to its Capital Markets Day on May 17, 2022.

Key Points: 
  • SANDVIKEN, Sweden, March 17, 2022 /PRNewswire/ -- Sandvik has the pleasure to invite investors, analysts and financial media to its Capital Markets Day on May 17, 2022.
  • The Capital Markets Day will focus on Sandvik's Shift to growth strategy.
  • Presentations will be held by Stefan Widing, President and CEO and Cecilia Felton, CFO as well as by business area management.
  • The day will conclude with a mingle in the evening, open for those attending on site.

Daiwa Securities Upgrades Rating of Parent Company of Precision Tsugami (1651.HK) to "Outperform"

Retrieved on: 
Monday, September 6, 2021

HONG KONG, Sept 6, 2021 - (ACN Newswire) - Daiwa Securities, in its recently published research report, has upgraded the rating for the parent company of Precision Tsugami (China) Corporation Limited ("Precision Tsugami" or the "Company", stock code: 1651), which is the largest foreign-owned CNC high-precision machine tool manufacturer in the PRC .

Key Points: 
  • HONG KONG, Sept 6, 2021 - (ACN Newswire) - Daiwa Securities, in its recently published research report, has upgraded the rating for the parent company of Precision Tsugami (China) Corporation Limited ("Precision Tsugami" or the "Company", stock code: 1651), which is the largest foreign-owned CNC high-precision machine tool manufacturer in the PRC .
  • The "Outperform" rating was given to the firm as Daiwa Securities was particularly optimistic about Precision Tsugami's strong business foundation in the PRC, and the higher-than-expected number of orders received in July.
  • In the report, Daiwa Securities noted that Precision Tsugami brought a new plant on stream in Anhui Province, the PRC, in March 2021, thus increasing total production capacity by just above 15%.
  • In view of the higher-than-expected number of orders in July, Daiwa Securities raised its revenue forecast for the parent company of Precision Tsugami.

Juggernaut Commences Drilling of Two Extensive High-Grade Gold-Silver Targets in Northwest B.C.

Retrieved on: 
Tuesday, August 3, 2021

Drilling is designed to test newly discovered extensive high-grade gold-silver zones to depth.

Key Points: 
  • Drilling is designed to test newly discovered extensive high-grade gold-silver zones to depth.
  • Drilling is designed to test the Goldzilla Hinge Zone to depth.
  • This cut returned 7.86 g/t AuEq over 3.75m true width starting in 9.01 g/t AuEq and ending in 10.79 g/t AuEq.
  • The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization.

3DX Signs Letter of Intent to Acquire Manufacturing Facility/Real Estate

Retrieved on: 
Friday, July 30, 2021

Specialty Metal Works, LLC (SMW) is a Washington-based part manufacturing company, currently operating out of an 8,400 square foot facility.

Key Points: 
  • Specialty Metal Works, LLC (SMW) is a Washington-based part manufacturing company, currently operating out of an 8,400 square foot facility.
  • Acquiring Specialty Metal Works will expand our manufacturing capabilities to offer 5-axis machining to our customers and enhances our ability to post process 3D Metal printed parts, states Roger Janssen, 3DX President and CEO.
  • About the Company: 3DX Industries, Inc. is focused on the additive metal manufacturing segment within the manufacturing industry.3DX has the capability of manufacturing a wide variety of products using its 3D metal printing system, 3D plastic printing as well as more traditional methods of precision manufacturing.
  • 3DX offers additive and traditional manufacturing services as well as product design, engineering and assembly services to its customers.