U.S. CUTTING TOOL 2017 CONSUMPTION UP 5.8 PERCENT MCCLEAN, VA — May U.S. cutting tool consumption totaled $191.93 million according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 14.2% from April’s $168 million and up 15.5% when compared with the total of $166 million reported for May 2016. With a year-to-date total of $908 million, 2017 is up 5.8% when compared with 2016. These numbers and all data in this report are based on the totals reported by the companies participating in the CTMR program. The totals here represent the majority of the U.S. market for cutting tools. “The cutting tool industry is feeling the strong activity, supported by May’s positive numbers,” says Brad Lawton, chairman of AMT’s Cutting Tool Product Group. “As domestic manufacturing growth is projected to continue, 2017 will be a much better year for the cutting tool industry.” Steve Kline Jr., director of market intelligence at Gardner Business Media, comments, “Cutting tool orders surged in May, growing at their fastest rate since December 2014. The GBI: Metalworking index continued to grow at an accelerating rate in June. Since it leads cutting tool orders by about six months, we expect cutting tool orders to grow at an accelerating rate for at least the remainder of 2017. Also, durable goods new orders, another excellent leading indicator of cutting tool orders, has shown continual improvement in 2017.” The Cutting Tool Market Report is jointly compiled by AMT and USCTI, two trade associations representing the development, production and distribution of cutting tool technology and products. It provides a monthly statement on U.S. manufacturers’ consumption of the primary consumable in the manufacturing process – the cutting tool. Analysis of cutting tool consumption is a leading indicator of both upturns and downturns in U.S. manufacturing activity, as it is a true measure of actual production levels. Historical data for the Cutting Tool Market Report is available dating back to January 2012. This collaboration of AMT and USCTI is the first step in the two associations working together to promote and support U.S.-based manufacturers of cutting tool technology. BUSINESS NEWS JESSE GARANT METROLOGY CENTER expanded its operations to accommodate the growing demand for high-volume part inspection for pre-production and production validation. As part of a five year, $15 million roll-out investment in technology, Jesse Garant Metrology Center’s latest expansion includes a more diverse range of advanced imaging systems, including industrial CT systems for inspecting large parts and assemblies. “Our services are not only to provide our customers with the essential data they need to make qualified decisions, but to help meet the growing demand for larger scale part inspection projects, and continue to be a supporting role in the advancement of industry,” said Jesse Garant, president. With three locations within Michigan and Ontario, the company’s centrally located labs primarily serve as a hub for the automotive and aerospace industries. Through this investment, the company will continue to be the largest Industrial CT scanning service provider in North America with the greatest diversity of inspection systems available today. “This expansion means we’re able to easily adapt to industry and meet the challenges of part inspection,” added Garant. The expansion will also involve new CT equipment for preproduction dimensional metrology, capable of obtaining highly accurate data for precise 3D measurements of both external and internal part features. Calibrated to NIST traceable artifacts, these new machines will help manufacturers in various industries maintain the quality and consistency of their preproduction parts and assemblies. The company’s metrology services will also provide critical first article data for fulfilling PPAP/AS9102 Form 3 requirements, helping expedite the preproduction inspection process. With clients ranging from local businesses to multinational corporations, the company has undergone steady expansion to meet demands from manufacturers around the globe. Jesse Garant Metrology Center has been acknowledged for achievements in business excellence from both government and industry organizations. IDEAGEN, a supplier of quality, safety, audit, performance and risk management software to highly regulated industries, recorded its eighth consecutive year of revenue and EBITDA growth. The UK-based organization, which has offices in Dubai, the United States and Bulgaria and operates a global partner network, published its unaudited preliminary results for the fiscal year ending April 30.In that report, Ideagen confirmed it had increased revenues by 24% to £27.1 million, adjusted EBITDA rose 26% to £7.9 million while underlying organic growth remained at 10%. The company witnessed success in its software as a service (SaaS) business, where revenue increased by 133% to £4.8million. Ideagen management said that success was down to significant investment in Ideagen Coruson, the company’s cloud based Governance, Risk and Compliance (GRC) platform. The group’s acquisition strategy—which last year saw the purchase and integration of Covalent, IPI, PleaseTech and Logen to add further IP, customers and recurring revenue— also had a substantial impact. David Hornsby, CEO of Ideagen, said: “The group’s focus this year was on the delivery of our organic growth objectives whilst continuing the execution of our buy and build strategy by making four valuable acquisitions. “This has resulted in another year of strong growth, which has been underpinned by excellent cash generation and augmented our position as a leader in the Governance, Risk and Compliance (GRC) market. “Trading since the year end has remained robust and we continue to see strong demand for our products from new potential customers. Moreover, our growing recurring revenues and the repeat business derived from more than 3,000 customers, an increase of over 800 from last year, provides the board with confidence in the prospects for the group for the current year and beyond.” Hornsby added: “Total revenue and adjusted EBITDA growth were both slightly ahead of expectations. Our early visibility of revenue ahead of expectations enabled the group to bring forward the investment in a number of sales, marketing and technology initiatives that had been planned for the current year. This additional investment has provided additional resource, technology and infrastructure to further support the group’s growth strategy.” Among the company’s other highlights included 45 new SaaS customer wins including British Airways, Ryanair, Johnson Matthey, Air Transat and Telefonica. New on-premise customer wins included Babcock, Doncasters Group, KLM and Argenta Bank while strong account management resulted in contract extensions within SABIC, BDO, Jaguar Land Rover, Imperial Tobacco and DHL. “The board believes the long-term prospects for the group are positive,” Jonathan Wearing, Ideagen’s non-executive chairman, said. “The Governance, Risk and Compliance (GRC) market was, according to Gartner, worth $4.4 billion globally in 2016 and is estimated to be growing at 13% per annum. We believe that we have established a compelling business platform that has been enhanced by the four acquisitions made this year and are well placed to participate in this growth. “Highly regulated organizations require the tools we provide to help them identify, assess and manage corporate risk while complying with international industry standards, and many are only in the early stages of adopting an enterprise-wide approach. The board believes that the group’s cloud solutions will be a particular growth area for the company which will increase the percentage of total revenues derived from recurring contracts providing even greater visibility of earnings.” The American company RAYTHEON INTEGRATED DEFENSE SYSTEMS was first to award JENOPTIK with the “four stars” category during its annual Integrated Supplier Excellence Conference in Boston, MA. With this, Jenoptik achieved the second-highest assessment that Raytheon awards to its suppliers. A total of 150 suppliers received an award. Of those, 50 received an award in the “four stars” category and 25 suppliers received an award in the “five stars” category. Raytheon has approximately 11,000 suppliers globally in 33 countries, approximately ten percent of which are regularly checked using a supplier management system. The evaluation was based on costs, delivery times, and the quality of the products, as well as the performance of the technology and the business management. For more than 25 years, Jenoptik has been delivering power generator units and components from its German site in Altenstadt (Bavaria) for Raytheon’s Global Patriot Solutions. These units supply the Patriot radar and missile launcher with electricity. Raytheon’s Global Patriot Solutions is a missile defense system consisting of radars, command-and-control technology and multiple types of interceptors, all working together to detect, identify and defeat tactical ballistic missiles, cruise missiles, drones and other threats. Patriot is the foundation of integrated air and missile defense for 13 nations. For the sixth time in a row, the aircraft manufacturer Boeing awarded Jenoptik with the “2016 Silver Boeing Performance Excellence Award” for above-average supplier performance. The airline group has over 13,750 suppliers throughout the world and honored 480 of them in the categories “Gold” and “Silver” this year. Jenoptik is one of 402 suppliers to receive an award in the “Silver” category. Jenoptik has been a supplier for Boeing for 20 years and has delivered a total of approximately 6,600 so-called heated fittings for the Boeing 737 during this period. These are standardized heated connections within the drinking water system in the aircraft. They ensure that it does not freeze during the flight. Renishaw’s Spanish subsidiary, RENISHAW IBÉRICA, S.A.U. is working with other Spanish engineering companies and research centers in a ground-breaking project which could change the way aerospace turbines are manufactured forever. Led by the aero engines and turbines manufacturer ITP and with the cooperation of several other Spanish companies, universities and technology centers, the objective of the Futuralve project is to create advanced material and manufacturing technologies for the new generation of high-speed turbines for the aerospace sector. The 4-year project is funded by the Spanish Government through the Centre for the Development of Industrial Technology (CDTI). Throughout the project Renishaw is directly involved with the development of new lightweight additively manufactured materials capable of withstanding high forces at extreme temperatures. As well as providing reductions in weight and an increased resistance to high temperatures, additive manufacturing opens new possibilities in design, reduces the amount of raw materials and vastly cuts product development times. Renishaw will also contribute to the metrology and part verification of the aerospace parts throughout the Futuralve project by its award winning 5 axis measurement system REVO and on-machine contact scanning system SPRINT. Renishaw will specifically be working alongside CATEC, Centre for Advanced Aerospace Technologies based in Seville (Spain) and a user of Renishaw´s metal powder bed fusion additive manufacturing machines, to develop machine parameters for nickel based alloys, study the mechanical properties of the material and optimize the additive manufacturing processes. One of the subtasks of the project is to analyze the development and properties of turbine components manufactured by conventional processes, such as machining, and their adaptation for manufacturing by laser-based additive manufacturing technologies. Dr. Marc Gardon, PhD of Material Science in Renishaw Ibérica, states, “High performance components within aerospace turbines require materials able to maintain excellent mechanical properties in very aggressive environments. In this framework, nickel based super-alloys that are manufactured from subtractive machining have certain design limitations, which may hinder the overall efficiency of the engine/system. Therefore, a convenient scenario is identified for additive manufacturing, where complex geometries unreachable by conventional procedures could be manufactured. Nevertheless, super-alloys can present more than 10 alloying elements, which lead to distinct phases, microstructures and mechanical properties. Renishaw is developing advanced criteria regarding how the laser and process parameters interact with the powder bed in these complex materials. This required effort, which is one of the key themes in the Futuralve project, is essential in manufacturing fully satisfactory components and therefore approving additive manufacturing as a production method within the aerospace supply chain.” The twin drivers of efficiency and safety force any manufacturing company working within the aerospace sector to undertake repeatable, traceable, efficient work to the finest tolerances. As the Futuralve project aims at re-designing safety critical flying parts it is crucial that they meet their design intent. By cooperating with the CFAA (Aeronautics Advanced Manufacturing Centre) in the Basque region of Spain, Renishaw will use its innovative technology in the study of components made using additive technology, through 5-axis inspection with and without contact, with REVO. These extremely critical parts in the aeronautical sector require alternative solutions to the traditional measurement and measurement cycles, therefore minimizing the inspection times while increasing the productivity at the same time. Renishaw Ibérica Managing Director Víctor Escobar said, “The Futuralve project, as well as incorporating our coordinate measuring machine and additive manufacturing products, will utilize Renishaw´s innovative onmachine tool contact system SPRINT. SPRINT significantly increases the number of scanned points on parts manufactured or repaired in a way that allows a more precise machining and a reduction of measurement times.” Escobar also comments, “By taking into account the quality controls required by the aeronautical customer, it is of vital importance to develop throughout the project the capabilities to control key features of each part (such as diameters, thread parameters, depths and thicknesses) in a productive environment for feedback in a closed loop that ensures the quality standards are met.” In addition to Renishaw Ibérica, other business partners in the Futuralve project include ITP, Metalúrgica Marina, Mizar Additive Manufacturing, ONA y Metrología Sariki. These companies are each involved in different ways within the value chain of design, development and production of aerospace parts. PEOPLE NEWS 3D Systems added a new member to the company’s board of directors. In line with the company’s strategy and focus on key vertical applications, JOHN J. TRACY brings deep experience in engineering, technology and leadership within the aerospace industry. “We are very pleased to welcome John to our board of directors,” said Wally Loewenbaum, 3D Systems’ chairman. “He brings strong experience and expertise which we expect will further enhance the range of skills and expertise within our board of directors.” Tracy has more than 37 years of experience in the aerospace industry, most recently as chief technology officer and senior vice president, engineering, operations and technology at The Boeing Company. “We are a technology company focused on key verticals and the addition of Dr. Tracy to our Board reinforces our commitment to enhance management and the Board in line with our customer centric strategy to drive profitable growth through focused execution,” said Vyomesh Joshi (VJ), 3D Systems president and CEO. “We expect that his invaluable experience and deep knowledge of technology and aerospace will be a valuable addition to our Board.” CERTIFICATION NEWS CREAFORM’S Canada-based head office received the ISO/IEC 17025:2005 accreditation from the American Association for Laboratory Accreditation (A2LA). The ISO/IEC 17025:2005 accreditation is an internationally recognized standard for testing and calibration. Laboratories accredited as per the ISO/ IEC 17025 standard have demonstrated their technical competencies related to the calibration of its technologies. Creaform also follows the ASME B89.4.22 Standard for its acceptance testing and holds an ISO 9001:2008 certification for its quality management system. “With an increasing demand for rigorous quality control, this recognition reaffirms our commitment to quality to our clients and further solidifies our position as a metrology-grade manufacturer,” states Daniel Brown, product management director at Creaform. “This designation means that Creaform uses the highest calibration laboratory management standards and has the technical competencies to guarantee that its 3D measurement products meet their technical specifications,” adds Karl Chabot, Creaform’s quality and regulatory affairs manager. EDUCATION NEWS RENISHAW offers an education outreach program including 139 recognized science, technology engineering and math ambassadors, who support a variety of STEM activities with local schools. Apprentices, graduates and engineers at Renishaw volunteer to support and inspire young people to encourage them to pursue career opportunities in an engineering or technology related career by offering practical advice from their own experiences. This year, Renishaw will host over 65 events and workshops for young people, assisted by the STEM ambassadors. The activities target students from ages 9-18 (year groups 5-13). The main aim of these workshops is to add real life context to the students learning and bring math and science alive, whilst also linking into parts of the school curriculum. In the sessions, STEM ambassadors focus on developing problem solving skills, team building, product design, career pathways in engineering and learning how Renishaw itself operates and what it can offer in terms of career opportunities. Each workshop involves a creative project that can be taken home, so that students can be proud of their engineering achievements and share them with friends, teachers and family. This means that the value of the workshop extends past the day itself. The STEM ambassadors are based across Renishaw’s Gloucestershire, South Wales and Stone (Staffordshire) sites. The Miskin site also has a dedicated educational facility, the Fabrication Development Centre (FDC), where local schools and colleges can visit to enhance their learning about science, technology, engineering and math. “To tackle the engineering skills gap, companies will need to fill 182,000 positions by 2022,” explained Rebecca Bound, education outreach officer at Renishaw. “Our STEM ambassadors support workshops that complement the school curriculum and get children excited about engineering through practical, creative projects.” “We are seeing the results in an increase in apprentice applications, some of whom first heard about Renishaw when a STEM ambassador visited their school or when they came on a school visit to Renishaw.” “STEM ambassadors volunteer to support students, but also develop their own skills,” explained Siobhan Denniff, events coordinator of the education outreach program at Renishaw. “Through these workshops ambassadors can gain experience and develop communication skills, build confidence and improve project planning and presentation skills. As representatives of Renishaw, STEM ambassadors are proud to know they have done their bit to inspire the engineers of the future.” Renishaw supports a wide range of projects and organizations that aim to inspire young people to consider STEM careers. The company also runs work experience weeks that cater for over 100 pupils.
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