Trade War, Business War, US China

Machine tool orders face uncertainty because of the U.S.-China trade war

  Manufacturing is showing signs of slowing. The Institute for Supply Management’s manufacturing index, known as the PMI, indicates that demand is at “no growth” levels. Only 45,000 manufacturing jobs were created in the first half of 2019, compared with 142,000 for the same period last year, according to Bureau of Labor Statistics figures.   […]

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How-Industry4-impact-machine-tools

How is Industry 4.0 going to impact machine tools?

  And what does this mean for specific areas of manufacturing, in particular for machining? The answers reveal that, like all of manufacturing, machining operations are heading toward a more streamlined, connected and intelligent network of machines, devices and systems. Connected processes either will replace conventional machines completely, or the connected devices will be synched […]

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Europe secures a 35% market share in the global machine tool production

  Industrial growth has slowed down in 2018 driven by global trade stagnation, geopolitical uncertainties and weaker business sentiment. This year, the European machine tool market is likely to expand slower than the US and Asia. The global production of the machine tool purchasing industries around the globe posted a growth of approximatively 5% in 2018 […]

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Weakening-Growth-MachineTool-Exports

Weakening Growth in Machine Tool Exports

  In the course of industry 4.0 and an increasing degree of automation, Taiwan’s machine tool industry wants to rid itself from its dependence on China. Taiwan’s government supports medium-sized machine tool manufacturers, among other things, by promoting the “Smart Machine Box”, a simple device for the implementation of industry 4.0. To date, 1300 such boxes […]

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global-economy-impacting-German-machine-tool-industry

The cooling of the global economy is impacting on the German machine tool industry

  Orders received by the German machine tool industry in the first quarter of 2019 were 21 per cent down on the same period last year. Orders from Germany fell by 10 per cent whereas those from abroad were down by 27 per cent. The only bright spot is the euro zone, which is now […]

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Steel-demand-grow-2019-20

India: Steel demand is expected to grow by 7-8 per cent in the 2019-20

  Buoyed by the Central government’s continued focus on infrastructure projects, India’s steel demand is expected grow by about 7 per cent during the current fiscal, experts said on Tuesday. The Central government has been focusing on infrastructure projects like Sagarmala, Smart Cities and the new government would stick to its focus.   Click here […]

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What-is-wire-EDM

What is wire EDM?

  Often referred to as ‘spark machining’, EDM uses electrical discharges to create a desired shape. Crucial to form intricate parts from hard materials, EDM has become integral to the manufacturing process of many application-critical components. There are three types of EDM: wire EDM, sinker EDM and fast hole drilling EDM.   Click here to […]

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tooling-industry-2019

The tooling industry is off to a soft start in 2019

  In Q1 2019, mold shops experienced a slight utilization increase of 2% compared to Q4 of 2018 (from 77% to 79%). Die shop utilization dropped drastically from 85% to 74% in the same timeframe. This is important because dies require a longer lead time than molds and, thus, this is an indicator that mold […]

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steel-demand-remains-positive

Growth in steel demand remains positive

  The World Steel Association (worldsteel) today released its April 2019 Short Range Outlook (SRO). worldsteel forecasts global steel demand will reach 1,735 Mt in 2019, an increase of 1.3% over 2018. In 2020, demand is projected to grow by 1.0% to reach 1,752 Mt.   Click here to read the full article Article and […]

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Precision-Machining-Index-2019

The Precision Machining Index registered impressive growth in the first quarter of 2019

  The surprise expansion in new orders during March marks the first time since January 2018 that new orders was the fastest growing component of the Index. If April’s data sees additional strong growth in new orders and no change in export trends, the production machining industry may expect to experience solid expansion during the […]

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