EDITORIAL ROUNDUP

CGTech rebrands to Vericut

NC code simulation software developer CGTech is unveiling a new identity as it rebrands to Vericut, the name of its software and the name that best represents its legacy. “The transition to Vericut is more than a name change; it represents our vision for the future,” says Shin Voeks, president of CGTech. “We’re excited to continue our journey as Vericut, building on our legacy and pushing the boundaries of what’s possible in manufacturing technology.” The initial brand transition has begun with the US website and at select global events, with plans to continue the worldwide rollout over the coming months.

More information www.cgtech.com

Supply chain accelerator

Digital Catapult has announced its first International Supply Chain Accelerator, which the organisation says is set to transform global supply chains through the application of deep-tech solutions. Two initiatives are unveiled: the first focused on seamless trade across borders and the second on product carbon footprint measurement, with a view to improving global supply chain resilience and advancing international industrial sustainability. The International Supply Chain Accelerator will enable participating technology pioneers to scale faster and strengthen supply chains across key economic sectors. 

More information www.bit.ly/47kyIfd

Sumitomo invests in EEW Offshore Wind

Sumitomo Corporation last month reached an investment and business operation participation agreement with EEW Offshore Wind EU Holding, a Germany-based manufacturer of monopiles – large diameter steel pipes for the foundation of bottom-fixed offshore wind power generation. Completion is scheduled for the end of December 2024, subject to various legal and regulatory requirements. EEW’s strength is its mass production system enabled by sophisticated technology to bend steel plates over 100mm thick and advanced high-quality welding technology.

More information www.sumitomocorp.com

£500k manufacturing support programme

SME manufacturers in Warwickshire are being urged to take advantage of a £500,000 business support initiative that will help them boost sales, create jobs and improve productivity.The Warwickshire Manufacturing Growth Programme has already supported over 80 local companies to unlock barriers to growth through one-on-one coaching, consultancy, free workshops and signposting to other schemes.Southam-based Trident Hydraulics is among those already benefiting, accessing strategic advice to execute a growth plan that will help it move from £1.1m to £1.6m over the course of the next 12 months.

More informationwww.warwickshire-mgp.co.uk

Strategic realignment at FFG

Machine tool manufacturer, the Fair Friend Group (FFG), has initiated a comprehensive strategic realignment to address the current global challenges in the machine tool industry and strengthen its competitive position. As part of this transformation, FFG has appointed Dr Sebastian Schöning as its new CEO.

Schöning, who holds a PhD in mechanical engineering, brings over 20 years of professional and management experience. Since 2021, he has served as the group’s COO and as the CEO of MAG IAS GmbH. In his new role, Schöning will spearhead global strategy development and lead the group’s operations. He will have support from Rong-Rong Liu, who has been appointed CFO and will be responsible for overseeing the group’s financial management.

More information https://ffg-ea.com