EDITORIAL ROUNDUP

Ceratizit buys Changzhou CW Toolmaker

CB-Ceratizit, a joint venture company of Ceratizit, part of the Plansee Group, has acquired 70% of all shares of Changzhou CW Toolmaker Inc. The privately owned company based in Changzhou, China, specialises in the design, production and sales of tungsten-carbide cutting tools for industries that include electronics, aerospace, rail, and mould and die.The acquisition is an important part of CB-Ceratizit’s growth strategy in Asia

Andreas Fritz, Ceratizit’spresident of the Asia-Pacificregional unit, says: “The expansion of the Ceratizit portfolio to include machining solutions for electronic components in the 3C sector (computers, communications and consumer electronics) is crucial for our success. By being able to draw on the high-quality production technologies and extensive manufacturing capacities of both CW and Ceratizit, we offer our customers significant added value throughout the full value chain.”
For further information www.ceratizit.com

Trumpf posts record revenue

In its centennial year, the Trumpf Group has generated considerable revenue growth. Based on preliminary calculations, revenue in the fiscal year 2022/23 (balance sheet date 30 June 2023) came in at €5.4bn (fiscal year 2021/22: €4.2bn).In the domestic market of Germany, revenue rose sharply by more than 30% to some €770m (previous year: €589m). In the US, Trumpf continued its strong growth of the previous year, posting revenue of some €900m (2021/22: €649m). The strongest Asian market was China with revenue of some €600m (previous year: €575m).
For further information www.trumpf.com

Factory of the Future continues with TPR

True Position Robotics (TPR)says it has been chosen by BAE Systems to continue working on current and emergent projects as part of the latter’s ‘Factory of the Future’. Moving forward, further work will define and develop the future Industry 4.0 connectivity, system maturity and scalability. Martin Knott, Factory of the Future technology team lead, says: “We will work with TPR to continue our developments and integration of their technologies along with newly selected hardware. TPR is one of over 50 key partners who are collaborating with us and share the vision of our developments for UK manufacturing.”
For further information www.tpr.solutions

TDI Challenge shows spirit of innovation

The Technology, Design and Innovation (TDI) Challenge competition organised by the Manufacturing Technologies Association (MTA) has continued to showcase the imagination and design skills of a new generation of young engineers.The TDI Challenge 2023 encouraged students between 16 and 18 years old who are enthusiastic about engineering and science, to demonstrate their creative talent to an industry that relies upon vision and innovation.

Finals day took place at the Yamazaki Mazak facility in Worcester, where shortlisted entrants got the opportunity to pitch their idea to a judging panel chaired by Stewart Lane of metrology specialist Renishaw. This year’s winner was Bhavy Metakar, of Westcliff High School for Boys in Essex, who showcased his innovative take on a bionic arm.
For further information www.thetdichallenge.co.uk

VO specialist launches £1m giveaway

Voltage optimisation (VO) specialist, Powerdown220, is launching a scheme for companies looking to save on their energy bills. Successful applicants will receive a free VO machine and can expect savings on their energy bills and a reduced carbon footprint from day one.As well as providing a VO, Powerdown220 will complete every aspect of the project from survey to installation, free of charge. The scheme is only available to businesses that consume over 300,000 kWh of electricity annually. The only thing required from applicants is information about their current energy consumption.
For further information www.bit.ly/3YwKX3C