Umati: linking the old and the new
Image caption: Dr. Alexander Broos, VDW.
£2.2 million for machine tool AI
An artificial intelligence (AI) start-up company, from the University of Sheffield Advanced Manufacturing Research Centre (AMRC) in the UK, has secured £2.2million in seed funding to make machine tool process optimisation technology accessible to a wider range of manufacturers worldwide.
Meeting warehouse challenges
GSM Barcoding documents the top ten essentials for meeting warehouse challenges in the June issue of International Sheet Metal Review magazine.
The tide is high
In the June 2023 issue of International Sheet Metal Review magazine, we examine market trends, new R&D projects and shifts in global shipbuilding and marine markets.
Metalforming business conditions
Metalforming companies’ forecast for economic activity over the three months from April 2023 remained fairly steady from the preceding month, with some manufacturers expressing optimism and others anticipating headwinds. This is according to the April 2023 Precision Metalforming Association (PMA) Business Conditions Report.
Machine-tool market to reach US$ 245 billion in 2032
The machine-tool manufacturing industry is facing a transformative decade and as manufacturers’ needs are more digitally focused, machine-tool builders must evolve their products to meet changing market requirements. According to global technology intelligence firm ABI Research, the machine tool market will grow by a CAGR of 4.3% from 2022 to 2032 and reach US$ 245.2 billion in manufacturing value added.
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