According to the latest market study released by Technavio, the machine tools market in the US is expected to grow at a CAGR of more than 4% through to 2021, largely due to the upward trend in automobile sales. “The flexible investment structure, large consumer base, government incentives and advanced technologies are likely to further boost demand for machine tools in the US automotive market during the forecast period,” says Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio for automation research.
For further information www.technavio.com

German multinational conglomerate ThyssenKrupp AG has announced the opening of two manufacturing facilities in Changzhou National Hi-Tech District (CND), China, a joint venture project with Chinese auto parts manufacturer Fawer Automotive Parts Ltd and the company’s phase 3 camshaft production facility. The event marks the cementing of another partnership between ThyssenKrupp and CND following the earlier establishment of ThyssenKrupp Engine Systems (Changzhou) Co Ltd and ThyssenKrupp Steering System (Changzhou) Co Ltd in the district. The former will be the group’s largest camshaft manufacturing facility in Asia.
For further information www.thyssenkrupp.com

Lantek, a specialist in management software solutions for the sheet-metal industry, has signed a partnership agreement with Turkish fibre-laser manufacturer Nukon to supply Lantek software with its machines worldwide. Nukon’s range of fibre-laser machines is available in power levels up to 6 kW with an option for linear drives that give acceleration of up to 3 G. The company also manufactures tube-cutting fibre lasers, and waterjet, plasma and oxygen-cutting machines. Over 500 Nukon machines are installed worldwide.

Following the partnership agreement, Nukon customers will be able to benefit from the network of offices and distribution channels that Lantek has around the world.
Francisco Pérez, OEM channel director at Lantek, says: “Collaborating with Nukon will enable us to bring our software, skills and local knowledge to a wider customer base, and will help Nukon by giving it support in international markets.”
For further information
www.lanteksms.com www.nukon.com.tr

Orders received by the German machine tool industry in the first quarter of 2017 were 6% up on the previous year, reports the VDW. Domestic demand rose by 2%, while overseas orders grew by 8%. The latter figure was boosted by a high increase of 23% in orders for machine tools from European countries. The VDW also reports a 13% increase in metal-forming technology orders. This rise in demand came both from home and abroad. Machining equipment orders, however, which represent about 70% of the total, only rose by 3%.
For further information www.vdw.de

My Viet Industries has ordered a twin-stand reversing cold mill CCM (Compact Cold Mill) and a push-pull pickling line from SMS group’s Indian subsidiary Esmech Equipment. The new plants, installed at the Pho Noi A Industrial Park in the Hung Yen Province of south Hanoi, are scheduled to be put into operation in the autumn of 2017.

The CCM, in six-high design with CVCplus for strip profile, contour and flatness control, will be designed for an annual production capacity of 400,000 tons. The mill will roll low-carbon steel strip in widths of up to 1250 mm and minimum final gauges down to 0.15 mm. Maximum rolling speed will be 1400 m/min. High technology components, such as the bending block cassettes and the CVCplus shifting mechanism, will be supplied by SMS group from Germany.
For further information www.sms-group.com