News

Spanish Machine Tool Sector Hits €2 Billion Turnover Milestone in 2023

The total turnover of the Spanish machine tool sector (machine tools, components, and cutting tools) has reached its record in 2023 after exceeding € 2,000 million in a year that, although it started hesitantly, has shown great dynamism, growing by 17.1 percent over the figure for 2022. By subsectors, machinery grew by 21.5 percent, with forming showing a magnificent performance with an increase of 37.6 percent and reaching € 447 million; and metal cutting also growing with an increase of 15 percent and € 929 million.

Eirich Group Expands Global Presence with New Pune Plant Inauguration

The Eirich Group, with Maschinenfabrik Gustav Eirich GmbH & Co KG as its strategic center in Hardheim, Germany, has been a global leader in mixing and processing technology for over 160 years. The company announced the inauguration of its new state-of-art manufacturing plant in Chakan Industrial Area, Pune. The new facility, a strategic addition to Eirich’s global footprint, will focus on manufacturing intensive mixers, associated plant equipment, and control systems for both India and worldwide exports.

VDW Reports Decrease in German Machine Tool Orders

The German machine tool industry’s orders received in the fourth quarter of 2023 were 17 percent down on the previous year’s figure. Orders from Germany fell by 20 percent, whereas those from abroad dropped by 15 percent. Demand increased by 11 percent in nominal terms in 2023 as a whole. Domestic demand was down 14 percent, while foreign demand was 9 percent lower. In real terms, there was a 16 percent decline in demand over the year as a whole.

Sandvik Coromant Opens Third Green Model School in India

Sandvik Coromant, the metal cutting expert inaugurated its third ‘Green Model School’ and Balwadi. Based in Pimpri Chinchwad, Maharashtra, the Kamla Nehru Hindi Primary School has undergone a holistic revamp to create a Green Model school that aims to enhance the quality of education for over 400 students.

Feintool to Open New Production Site in Pune

Feintool International Holding AG is consolidating its strategic position as an important supplier of high-precision parts in Asian automotive production, with the founding of ‘Feintool System Parts India Pvt Ltd’ and a new production site in Pune.

Swiss Steel Group Redefines Die Casting with All-Inclusive Material Solutions

The Swiss Steel Group, a leading supplier of high-quality special steels, has further expanded its expertise in the field of die casting.

HELLER Celebrates 130 Years of Innovation and Growth in Machinery Manufacturing

Hermann Heller, 130 years ago today, opened a trading and manufacturing company for patented products and watchmaking tools in Nürtingen.

UCIMU-SISTEMI PER PRODURRE Reports 31 Percent Decrease in Machine Tool Orders in Q4 2023

UCIMU-SISTEMI PER PRODURRE, Italian Machine Tools, Robots & Automation Manufacturers Association’s Economic Studies Department & Business Culture Centre compiled the index of machine tool orders in the fourth quarter of 2023.

BMW Group Partners with Dassault Systèmes to Add 3DEXPERIENCE to Future Engineering Platform

Dassault Systèmes and BMW Group embarked on a long-term strategic partnership to develop BMW Group’s future engineering platform, featuring Dassault Systèmes’ 3DEXPERIENCE platform at its core. More than 17,000 employees across multiple engineering disciplines at the premium automobile manufacturer will rely on the 3DEXPERIENCE platform to accelerate the development of all vehicles, from their ideation to their production.

Siemens Leverages Generative AI to Transform Predictive Maintenance

Siemens AG, a multinational technology conglomerate, is releasing a new generative artificial intelligence (AI) functionality into its predictive maintenance solution – Senseye Predictive Maintenance. This advance makes predictive maintenance more conversational and intuitive.