CNC

EQS-News: Schaeffler Announces New Automotive Manufacturing Facility

Retrieved on: 
Wednesday, March 13, 2024

Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032

Key Points: 
  • Planned investment of over USD 230 million in state-of-the-art manufacturing facility and future expansion in Ohio, USA until 2032
    Herzogenaurach, Germany / Fort Mill, S.C., USA | February 26, 2024 | Global motion technology company Schaeffler announces the expansion of its operations in the U.S. with the addition of a new manufacturing facility focused on producing automotive electric mobility solutions.
  • Schaeffler is investing over USD 230 million in building the new greenfield manufacturing facility, strategically located in Dover, Ohio, as well as future expansions in the state until 2032.
  • These jobs will lead to growth at the company’s current facility in Wooster, Ohio, and the new manufacturing facility in Dover.
  • The new manufacturing facility location is in the proximity of Schaeffler’s customers, major automotive OEMs, strategic suppliers, rail, access to highways and to the company’s Wooster facility, which specializes in the manufacturing of transmission systems and serves as an innovation hub for automotive electric mobility.

Hurco Reports First Quarter Results for Fiscal Year 2024

Retrieved on: 
Friday, March 8, 2024

Orders in the Americas for the first quarter of fiscal year 2024 increased by 6%, compared to the corresponding period in fiscal year 2023, primarily due to increased customer demand for Hurco and Milltronics machines, particularly higher-performance VMX machines.

Key Points: 
  • Orders in the Americas for the first quarter of fiscal year 2024 increased by 6%, compared to the corresponding period in fiscal year 2023, primarily due to increased customer demand for Hurco and Milltronics machines, particularly higher-performance VMX machines.
  • Gross profit for the first quarter of fiscal year 2024 was $9,695,000, or 22% of sales, compared to $12,718,000, or 23% of sales, for the corresponding prior year period.
  • Selling, general, and administrative expenses as a percentage of sales increased in the first quarter of fiscal year 2024 compared to the first quarter of fiscal year 2023 due to the lower volume of sales year-over-year.
  • The effective tax rate for the first quarter of fiscal year 2024 was 27%, compared to 31% in the corresponding prior year period.

CPS Technologies Announces MMAP Award

Retrieved on: 
Monday, March 4, 2024

NORTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced it has received an award from the Massachusetts Manufacturing Accelerate Program (“MMAP”) in response to a proposal submitted by the Company in the fourth quarter of 2023.

Key Points: 
  • NORTON, Mass., March 04, 2024 (GLOBE NEWSWIRE) -- CPS Technologies Corporation (NASDAQ:CPSH) (“CPS” or the “Company”) today announced it has received an award from the Massachusetts Manufacturing Accelerate Program (“MMAP”) in response to a proposal submitted by the Company in the fourth quarter of 2023.
  • The award, valued at $200,000, will support the purchase of a 5-axis CNC machine and expand the Company’s manufacturing capabilities to better serve its clients.
  • This new capability will build on the Company’s core competencies while enabling CPS to fulfill a new generation of customer requirements and capture additional business.
  • We are proud to receive this award from MMAP and look forward to passing on the benefits that a 5-axis CNC provides through expanded offerings to our customers.”

Xometry Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024

NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) --  Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • NORTH BETHESDA, Md., Feb. 29, 2024 (GLOBE NEWSWIRE) --  Xometry, Inc. (NASDAQ:XMTR), the global AI-powered marketplace connecting enterprise buyers with suppliers of manufacturing services, today reported financial results for the fourth quarter and full year ended December 31, 2023.
  • “In Q4 2023, we delivered record financial results including our highest revenue and gross profit in Xometry history,“ said Randy Altschuler, Xometry’s CEO.
  • Marketplace revenue for the fourth quarter of 2023 was $112 million, an increase of 42% year-over-year.
  • Total gross profit for the fourth quarter 2023 was $49.1 million, an increase of 39% year-over-year.

Shapeways Announces Expansion into Global CNC Market

Retrieved on: 
Wednesday, February 21, 2024

NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Shapeways Holdings, Inc. (NASDAQ: SHPW), a global leader in the digital manufacturing industry, announced today its further expansion into the USD $67.5B global CNC market, with the launch of its new CNC Instant Quote feature.

Key Points: 
  • NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Shapeways Holdings, Inc. (NASDAQ: SHPW), a global leader in the digital manufacturing industry, announced today its further expansion into the USD $67.5B global CNC market, with the launch of its new CNC Instant Quote feature.
  • This online quoting portal will provide seamless access for CNC customers and enhance Shapeways’ robust suite of enterprise manufacturing solutions.
  • “CNC machining is a natural extension of our manufacturing capabilities,” said Aidan O’Sullivan, General Manager of Enterprise Manufacturing Solutions at Shapeways.
  • According to MarketsandMarkets , the global CNC market is projected to reach USD $80.4 billion by 2028, at a steady 3.5% CAGR.

FANUC America Demonstrates New PLC/CNC Motion Controller at MODEX 2024

Retrieved on: 
Friday, March 8, 2024

Global automation leader FANUC America Corporation will unveil its latest combined PLC/CNC motion controller Power Motion i-MODEL A Plus (PMi-A Plus) at MODEX 2024 in Atlanta, Ga., booth B-4026.

Key Points: 
  • Global automation leader FANUC America Corporation will unveil its latest combined PLC/CNC motion controller Power Motion i-MODEL A Plus (PMi-A Plus) at MODEX 2024 in Atlanta, Ga., booth B-4026.
  • View the full release here: https://www.businesswire.com/news/home/20240308776463/en/
    FANUC’s Power Motion i-Model A Plus (PMi-A Plus) controls complex motion applications powered by FANUC’s reliable and high-performing CNC and servo technology.
  • Up to four FANUC cobots or robots can be connected to one FANUC CNC through the platform, which can enable true lights-out production.
  • Because the PMi-A Plus is acting as the automated cell’s controller, no additional programmable logic controller is needed.

Berkeley SkyDeck Offers Hardware Startups Access to State-of-the-Art Design and Manufacturing Prototyping

Retrieved on: 
Tuesday, February 27, 2024

The partnership will allow for selected companies from each SkyDeck accelerator cohort access to the Jacobs Institute’s extensive and comprehensive facilities for prototyping hardware and products.

Key Points: 
  • The partnership will allow for selected companies from each SkyDeck accelerator cohort access to the Jacobs Institute’s extensive and comprehensive facilities for prototyping hardware and products.
  • Hardware startups accepted to Berkeley SkyDeck’s accelerator program will be granted Entrepreneur Maker Passes, which provide access to the state of the art Jacobs Makerspace.
  • With the assistance of the Jacobs Institute’s in-house design advisors, startups can also design iteratively and fine-tune their prototypes.
  • Berkeley SkyDeck accepts around 1% of startups that apply and approximately 20 to 25 startups overall for each of its Cohort accelerator programs.

Global Nanocellulose Report 2024-2034: Focus on Cellulose Nanofibers, CelluloseNanocrystals and Bacterial Nanocellulose - ResearchAndMarkets.com

Retrieved on: 
Monday, February 26, 2024

The "Global Market for Nanocellulose (Cellulose Nanofibers, CelluloseNanocrystals, Bacterial Nanocellulose) 2024-2034" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Market for Nanocellulose (Cellulose Nanofibers, CelluloseNanocrystals, Bacterial Nanocellulose) 2024-2034" report has been added to ResearchAndMarkets.com's offering.
  • Despite being the most available natural polymer on earth, it is only over the past few years that cellulose has gained prominence as a nanostructured material, chiefly in the form of micro/nanofibrillar cellulose, nanocrystalline cellulose and bacterial nanocellulose.
  • As well as being completely renewable, safer to handle, and cheaper to produce, nanocellulose materials also possess exceptional physical and chemical properties.
  • The Global Market for Nanocellulose 2024-2034 provides an in-depth analysis of the global nanocellulose industry, encompassing cellulose nanofibers (CNF), cellulose nanocrystals (CNC), and bacterial nanocellulose (BNC).

CENTENE CORPORATION TO HOST 2024 FIRST QUARTER FINANCIAL RESULTS EARNINGS CALL

Retrieved on: 
Thursday, March 7, 2024

ST. LOUIS, March 7, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 2024 first quarter financial results at approximately 6 a.m.

Key Points: 
  • ST. LOUIS, March 7, 2024 /PRNewswire/ -- Centene Corporation (NYSE: CNC), a leading healthcare enterprise committed to helping people live healthier lives, announced today that it will release its 2024 first quarter financial results at approximately 6 a.m.
  • ET on Friday, April 26, 2024, and host a conference call at 8:30 a.m.
  • A webcast replay will be available for on-demand listening shortly following the completion of the call for the next 12 months or until 11:59 p.m.
  • ET on Friday, May 3, 2024, by dialing 1-877-344-7529 in the U.S., 1-855-669-9658 in Canada, or +1-412-317-0088 from abroad, and entering access code 7730668.

11 Texas Schools, Superior HealthPlan & The Centene Foundation Create a Culture of Belonging Through National No One Eats Alone® Day

Retrieved on: 
Thursday, March 7, 2024

EL PASO, Texas, March 7, 2024 /PRNewswire/ -- For the eighth year in a row, Superior HealthPlan ("Superior"), a leading managed care organization in Texas and wholly owned subsidiary of Centene Corporation (NYSE: CNC), supported No One Eats Alone® Day, a prevention initiative aimed at fostering inclusion and a culture of belonging in schools. Eleven Texas schools hosted events throughout February, with the help of Superior, reaching thousands of students across Texas. Centene Foundation, the philanthropic arm of Centene Corporation, sponsored the event.

Key Points: 
  • EL PASO, Texas, March 7, 2024 /PRNewswire/ -- For the eighth year in a row, Superior HealthPlan ("Superior"), a leading managed care organization in Texas and wholly owned subsidiary of Centene Corporation (NYSE: CNC), supported No One Eats Alone® Day , a prevention initiative aimed at fostering inclusion and a culture of belonging in schools.
  • Eleven Texas schools hosted events throughout February, with the help of Superior, reaching thousands of students across Texas.
  • Centene Foundation , the philanthropic arm of Centene Corporation, sponsored the event.
  • "Our curriculum dives deep into recognizing emotions, understanding social isolation and gives students tools to be social isolation disruptors and ambassadors of belonging."