XYZ Machine Tools boosted by record start to 2021
A recent CBI report indicated an increase in output across many sectors of manufacturing, a report backed up by the recent surge in demand for machine tools experienced by XYZ Machine Tools. The Devon-based machine tool manufacturer reported its highest order intake for 18 months in February, only for that figure to be exceeded in March. With the bulk of its extensive range held in stock, machine deliveries saw a similar increase, with over 30 machines being delivered in the last week of March alone.
“The last two months have been extremely encouraging and are confirmation of the positive conversations we have been having with customers since the end of 2020,” says Nigel Atherton, managing director, XYZ Machine Tools. “The increase in business has meant we have reinstated overtime in the factory and employed additional staff for machine assembly, with further recruitment in the pipeline.”
The first quarter of 2021 has proved to be very encouraging and, with the benefit of the Government’s Super Deduction incentive for capital equipment, along with additions to its machine range, XYZ Machine Tools is hopeful that this positive trend will continue to strengthen as 2021 progresses and Covid restrictions continue to recede. XYZ Machine Tools’ already extensive range is being added to with the arrival of new vertical machining centres and increased capacity turning centres, along with the company’s first sub-spindle turning centre the XYZ SS 65.
ITC Celebrates 30 years of UK manufacturing
30 Years on and the company founders get together again
All businesses will be glad to draw a line under 2020 and move into 2021, but for Industrial Tooling Corporation (ITC) 2021 will be a landmark year as the UK cutting tool manufacturer celebrates 30 years of business. Here, we take a look back at 30 years of ITC and how this prestigious UK manufacturer has grown over the last three decades, a brand that will be celebrating its anniversary with several 2021 special offers for manufacturers to look out for.
The history of ITC dates back to the late 1980s where the three founders of ITC, Peter Graves, Roy Talbot and Bob Unsworth all worked together at Insley Industrial, the UK agent for US-based Metal Removal Company, one of the first suppliers of carbide tooling in the UK and the world. Following several late 80’s mergers and acquisitions, the Metal Removal brand that was the preferred choice of several prominent airspace and aero-engine manufacturers was looking for a new UK distributor and the three entrepreneurs spotted their opportunity.
Taking up the story, managing director Peter Graves says: “Bob, Roy and myself spoke with Metal Removal and we became the new UK agents, all leaving our jobs simultaneously to set up ITC. We had a business plan, spoke with accountants and got a bank loan to start the company with backing from Metal Removal, which included a bonded warehouse in Northamptonshire. In the early days, we provided the orders to Metal Removal and they dispatched products from the bonded warehouse, so we only paid for the products we sold.”
“The reason we ended up renting a small office in Tamworth is that Bob lived in Bolton, and covered the North, Roy was from the Midlands and I lived near Watford, and covered the South. It was geographically central and it was close to Rolls-Royce in Derby. It all started in January 1991 and there were the three of us, plus two other team members answering the phones. In the early days, our previous employer was trying to disrupt our business and it was a challenging period, but Metal Removal supported us throughout, and after a difficult start, the business started to grow. We bought some stock that crammed our small office before we moved to a larger unit.”
“After two to three years, the business grew and Therese and Lisa joined (they are still here today), we recruited our first technical salesmen, and gradually set upon our growth trajectory. We then added another brand, Vallorbe Swiss HSS end mills, and around 1995 we heard that Hanita was also looking for a UK agent. We got in touch with them and they invited us to Israel. We were taken back by the energy and R&D investment in the company. By the late 1990s, we had these independent brands on board, but Metal Removal was then bought by Kennametal and within another year or two, Hanita was also acquired by Kennametal. Naturally, the relationship evolved from dealing with smaller independent companies to a multinational group, but it was probably a stroke of luck for us that the same group bought both companies.”
A change in the market
“These companies were both supplying solid carbide cutting tools, while at the time solid carbide was still building its reputation, as in the early days before its quantum leap forward, it was often thought of as a brittle material, easy to chip or break. The changes to solid carbide over 50 years have been unbelievable. Back when I started selling solid carbide Metal Removal products, they were very expensive and there was no discount. At the time, there were very few companies actively selling solid carbide. So, for companies acknowledging the benefits, it was a relatively captive market. The Metal Removal range always remained a standard product offering of two, three and four flute end mills and drills whereas Hanita pushed the boundaries of product development and performance. With the Vallorbe range primarily HSS, this eventually died off. At this point during the late ’90s, we also bought our first machine.”
Making the Transition to Manufacturing
“After being in business for eight or nine years, we were spending a lot of money on modifications and regrinds, sending tools to an external grinding company. For a relatively small business, this was a significant expense for us. We ‘chewed the fat’ on whether we should buy a grinding machine and subsequently visited MACH. We ended up on the Walter stand, but at that point, we hadn’t made any concrete decisions. A while later, we were in the office discussing the Walter machines and quite spookily the Walter rep was knocking the door following up the MACH leads. It felt like fate, and for Keith Villiers, the Walter sales rep, the timing was perfect.
We eventually bought a Helitronic MiniPower, which was our first machine, along with two Deckel S11 manual machines and an S5 for necking. These were soon followed by a Schneeberger Gemini CNC. We had a small lock-up, the size of a triple garage, with three skilled men running the machines. All of these machines were bought for modifications and re-grinds with a lot of work being radiusing, reducing diameters and step drills. Even at that early point, Metal Removal supported us by adding the radius to a lot of the tools to help us win business. Nowadays, we do all of the modifications and radii on tools in-house.”
“Coming up to 2000, we were busy running the business and selling tools so we employed Paul Marriott as our first production manager and he’s still with us more than 20 years later, albeit in a different role. It was at this time we realised we were running out of space and we then moved to our existing site, which used to be a pet food storage facility. We needed more office space, more storage space and the capacity to add more machine tools. Having a larger facility allowed us to run a centralised cooling system for all the machines.”
The birth of ITC Tools
“Manufacturing our tools probably started in the 90s with our subcontract supplier manufacturing products for us as well as undertaking the re-grinding and modification of existing tools. However, it was when we moved to our current facility that we started to introduce our own product lines. We are currently on issue 15 of our product catalogue and this annual catalogue has grown year on year. We realised we needed our product catalogue and the need to publish this was expedited by Metal Removal deciding to stop publishing their product catalogue. We started publishing a catalogue full of Metal Removal products and we started adding our product lines into the catalogue. Over the years, the catalogue has grown and nearly all of the products are our own with Metal Removal products playing an ever-decreasing role.”
The evolution of a leading UK manufacturer
“Since we started, we have changed from being an importer and distributor to being one of the UK’s largest manufacturers of cutting tools. We now have a huge range of tools for all applications. You only have to look at the sign-making industry and the huge variety of tools we make there. We are the largest manufacturer of cutting tools to the sign-making industry by a considerable margin and we are forever developing new tools. To do this we have invested in a routing machine to do research and development of tools for this industry.
“As we have evolved, we have continually outgrown our facility. We managed to buy an adjacent facility about six or seven years ago, so we could move our stores and add more machines. This gave us a couple more years before we had to decide on a location. For more than 10 years, we had been waiting for the right opportunity to buy the unit next door. We eventually obtained the premises next door and by adding the two facilities, we have now more than doubled our floor area. We now have more than 25 CNC grinding machines for producing cutting tools, but we also have three Helicheck inspection machines and various other production machines for blanking. We have even invested in new machines to manufacture cutting tools from 0.1mm up to 40mm diameter and beyond. The investment in our ‘micro’ setup has cost us more than £1 million but it is paying dividends as the micro grinding machine is always busy and predominantly manufacturing tools below 1 mm diameter.”
Extending the portfolio
Over the last 20 years, ITC has continually evolved its product lines with the sign-making tools and the micro-cutting tools being perfect examples. Boasting one of the most diverse and high-quality product offerings in the industry is something that ITC has worked tirelessly to achieve and this has seen the addition of WIDIA and BIG KAISER to the ITC portfolio.
Peter Graves continues: “Kennametal also bought the WIDIA brand, and WIDIA is one of the world’s first manufacturers and longest established brands in the carbide cutting tool industry. Following the acquisition, Kennametal recognised the strength of the WIDIA brand and resurrected it and added the Hanita portfolio to WIDIA and this is where our connection with WIDIA started almost 15 years ago. As the Hanita agent, we became the WIDIA agent by default, or essentially the WIDIA/Hanita agent in the UK.”
“We had always been recognised as a solid carbide cutting tool specialist and the opportunity to supply indexable tools was something we had long considered, and that opportunity arrived via WIDIA over six years ago. The skill and mindset of selling indexable products compared to solid carbide is somewhat different and we recognised that we needed additional staff. WIDIA was very keen for us to sell the products in the UK, and we now have five sales and applications engineers dedicated to indexable product lines.”
Soon after commencing with indexable tooling sales for WIDIA, the company started to work with BIG KAISER. Recalling the conversation with Peter Poulson from BIG KAISER, Peter Graves recalls: “Out of the blue, I got a call from Peter at BIG KAISER, and while I didn’t know him, I certainly knew the name BIG KAISER, as most engineers do. Peter wanted to come to the UK and discuss the opportunity for ITC to be the new UK distributor for BIG KAISER, but I was a little sceptical whether BIG KAISER sales would take off as, despite the products having exemplary quality and innovation, they had the reputation of being a bit on the pricey side. But I have been proven wrong! Customers are prepared to pay for the innovation and quality and, like the WIDIA indexable range, it has opened new doors for our business. It also makes ITC a complete solution integrator for manufacturing businesses.”
Following an industrial career that spans almost 40 years, Peter Graves has seen more change than most. Giving his overview of industry evolution in the cutting tool industry, he says: “The global purchasing of products has come to the fore in recent times. When we started, we were supplying all end users directly, but with the arrival of integrators, many cutting tool manufacturers like ITC have had to work with third-party companies. Somebody once said that in the future there will only be five or six cutting tool companies; what they actually meant was that large companies will continually buy the smaller businesses and integrators will continually play a larger role as OEMs look towards the ‘single source’ model.
ITC has also had several approaches down the years from some very large companies. Another thing that has changed down the years is competition from outside the UK, and even more so from outside Europe. Years ago, the majority of cutting tool companies supplying UK manufacturers were either from the UK, Europe or the US, but now there are increasingly more competitors from the Far East.”
“We have always dealt directly with end-users rather than go via distributors, as we can offer better service and expertise. Inevitably there will always be customers that will adopt the integrated model, and we happily work with that, but we are first and foremost a solution provider. We are loyal to our customers and our suppliers and that is something we will never relinquish. We undertake an annual customer survey and the one thing the results always return is that we have a really good team of people and we give brilliant solutions and products.
“We may not always be the cheapest, but most people realise they are paying for the engineer to arrive and solve their problems. There will always be companies that will just buy on price, and we realise we always have to be competitive, but our quality, service and reputation are the fundamental cornerstones of what has made ITC a successful business for 30 years,” concludes Peter Graves.
Public vote of confidence for UK manufacturing
The UK public stands firmly behind the manufacturing sector to support the UK and protect the NHS through coronavirus and into the future.
Almost three in four (74 percent) of the UK public believe that the manufacturing sector stepped up to meet the challenge of supporting the UK as coronavirus took a grip on the nation in March 2020. The same number of respondents believe that a strategic long-term plan for helping UK manufacturing to be more productive and competitive will help insulate us from future pandemics and go some way to protect UK GDP, of which manufacturing contributes over 17 percent. Furthermore, 75 percent of the UK public believe more strongly in the importance of the UK manufacturing as a result of coronavirus.
The research, conducted among 2,000 adults by Populus* for industrial communications firm Cadence Innovation Marketing, also found that nearly eight in ten people (76 percent) are concerned about cheap imported goods in the wake of coronavirus.
The coronavirus pandemic has disrupted global supply chains and resulted in many UK factories switching production to medical devices and products in a bid to help the NHS cope. Manufacturing has taken a central role in the unfolding drama and rarely in recent times has it been the subject of so much media and public attention.
Tom Spencer, MD at Cadence says: “Our snapshot poll sought to delve deeper into what’s behind the media commentary by asking a representative sample of over 2000 UK adults for their opinion on a range of topics raised by coronavirus. The results offer an insight into changing public opinion about the importance and relevance of UK manufacturing”.
More than two in three of those questioned believe that the UK manufacturing sector has risen to the challenge of coronavirus, with just 6 percent disagreeing with them. “This huge public vote of confidence in our often beleaguered and under-supported sector is just one of several remarkable statistics thrown up by our research” adds Tom Spencer.
The study, which was carried out in early May 2020, clearly shows that the UK public has swung behind UK industry at a time when many manufacturers have stepped up to support the nation and its much-loved health service.
Steve Brambley, CEO, GAMBICA says: “The result shows that there is a genuine opportunity for the UK to open a new page in its history as it embarks on the era of digital transformation that will define it for generations to come. It remains to be seen if the pandemic itself, resultant global economic turmoil, and Brexit will distract or divert resources away from an environment that will support the regeneration of UK industry, but this poll makes one thing abundantly clear: the people of the UK stand firmly behind our industry and believe strongly in its future.”
The Annual Attitudes to UK Industry study is a series of snapshot polls and in-depth research culminating in an annual report to be presented to the media. Cadence Innovation Marketing works with leading organisations across industry and has sponsored the study’s launch to help keep communications surrounding the sector’s importance and contribution to the economy front of mind. More information is available at www.attitudestoukindustry.co.uk
Cadence Innovation Marketing
Tel: 020 7043 8847
Erie Press Systems Merges with Ajax-CECO
Acquisition creates the largest forging equipment supplier in North America
North American manufacturers now have a one-stop, expedited domestic source for forging equipment as a result of the June 2019 acquisition of Erie Press Systems with Ajax-CECO under parent company Park Ohio.
Park Ohio’s acquisition of Erie Press Systems adds hydraulic press and stretch forming equipment to its already impressive selection of mechanical and hammer forging presses offered under the Ajax-CECO brand. By manufacturing and supporting all three brands, Park Ohio effectively becomes the largest forging equipment manufacturer in North America.
“By acquiring Erie Press Systems, we have expanded our engineering, manufacturing and service capabilities, can control costs more effectively and benefit from economies of scale when working with our core suppliers,” says Ken Copeland, president of Ajax-CECO. “The goal is to become a one-stop provider of new, rebuilt and remanufactured equipment for a variety of traditional and advanced forging applications, along with providing full service and timely support.”
According to Ken Copeland, part of the appeal of the acquisition is that Erie Press Systems’ extensive hydraulic press capabilities perfectly complement the equipment offered by Ajax-CECO.
Erie Press Systems has a long history, dating back to 1895, when the company originally began as the Erie Foundry Company. Today the company offers a line of standard mechanical forge presses as well as hydraulic presses for a variety of applications including forging (closed die, open die, and ring preforming), metal forming, carbon extrusion, composite presses and stretch forming machines, as well as support for a legacy line of forging hammers.
“Combined, the three companies have been in existence for more than 350 years,” explains Ken Copeland. “That means we can make equipment, parts, support and service for all three brands more readily available from a single source here in North America, while also increasing our ability to compete with overseas providers.”
For more information, contact:
Lantek’s revenues continue to grow
Lantek, a world leader in software and solutions for the sheet metal and fabrication industries, maintained its strength as an international benchmark and pioneer in the digital transformation of the sector after reaching a turnover of 19.25 million euros in fiscal year 2018, which was a 10 percent increase when compared to the previous fiscal year. Its client base continued to grow, with 1,886 new clients increasing its total client portfolio to 21,884, in over 100 countries on five continents. In Spain, the number of customers was around 2,000 and turnover was 2.72 million euros.
The company presented its results at the International Meeting 2019, which the company holds with its employees and distributors every year and where the previous year is assessed and the guidelines and business objectives that will mark the organisation’s strategy for the next few years are presented. The strategy is geared to consolidate Lantek as a benchmark in the metalworking market.
The 2018 results reflect the consolidation of its international business, which represents 86 percent of the company’s revenue. The markets that progressed best last year were Germany, with 32 percent growth, followed by China with +30.7 percent, where the company is number one for laser machine manufacturers and the US with 11.3 percent growth. Other countries such as Spain +10.6 percent, France, and Italy also showed significant growth compared to last year.
“For another year running, Lantek demonstrated its international calling with very positive results in markets as competitive and digitalised as Germany, China, and the US. International projection and continuous growth in the number of clients and its product portfolio allowed the company to have sustained development, resulting in a solid financial position that allows it to take on the growth necessary to face the new challenges of Industry 4.0,” states Alberto López de Biñaspre, Lantek CEO.
The results demonstrate that the company, which employs 244 people around the world, is on the right track. Last year the company grew by over 30 people, 16 percent more than the previous fiscal year. The significant increase in personnel over the course of the last year was mainly due to the company’s strong commitment to strengthening leadership and supporting the digital transformation of the sector, as well as its expectation of greater growth in coming years.
Evolution of the product portfolio and digital transformation of the sector
There was a notable 40 percent increase in the Digital Transformation (Solutions) division, where Lantek accompanies its clients on the road to Industry 4.0. Its advanced manufacturing solutions offer comprehensive management of the plant and the company as a whole in a connected environment. This strong progress shows that the change is real in many markets and confirms the company’s commitment to digitalisation. In this regard, countries with governmental support for initiatives associated with the fourth industrial revolution are notable. These include, once again, Germany with an increase of 94 percent, countries like South Korea, Poland and France with growth of 50 percent and the US with 25 percent growth.
Overall growth for the business line dedicated to machinery manufacturers (Channel) was 12 percent.
Cooperation between machinery manufacturers and Lantek consolidated and reinforced the provision of CAM-generated data for use in management systems (MES, quoting, traceability) and analytics. This drove the development of this product line so that it would be ready for an increasingly open environment which can be easily integrated, enabling Lantek to reach more partners.
The new applications offered in the digital realm included Lantek’s launch last year of several systems developed on a cloud storage and data management platform using the most modern security techniques for data protection. The Cloud-based Lantek 360 suite incorporates four new solutions into Lantek’s current portfolio of products: Lantek Analytics (data analysis for in-plant decision making), Lantek iQuoting (tool for preparing quotes), Lantek MetalShop (an online metal part shop), and Lantek Control Panel (data viewing and analysis in real time). With Lantek software, sheet metal manufacturers and metalworking companies can improve the customer experience and establish a closer relationship with their customers, maximising production performance and profitability.
“The industrial sector is taking on the challenge of the digital transformation. Lantek, one of the driving forces behind Industry 4.0, wants to help companies in the sheet metal and fabrication sector with digitalisation, adapting to their needs and different levels of digital maturity, offering solutions to make Smart Factories a reality,” continues Alberto López de Biñaspre. “Our offer of a cloud platform responds to the challenges posed by the digital transformation, making production processes much more efficient.”
Last year 2.56 million euros were allocated to R&D+i investment, a figure well above the sector average and 38 percent higher than the previous year. This innovative power has been focused on the launch of new advanced manufacturing solutions to support sectors such as auto, aeronautics, energy, shipbuilding, agriculture, boiler making, metal construction, steelmaking, air conditioning, metal furniture, and distribution, amongst others.
“The Lantek team will be key to maintaining our organization’s leadership position. In order to achieve this, we’ll need to develop a corporate culture that sets the team at the heart of its strategy, one that is able to draw potential from legacy and experience and combine it with new talent and new ways of thinking. This will allow us to achieve our mission for the next few years: to assist companies in the sheet metal sector with digitalisation, making us their ideal partner in the new challenges posed by advanced manufacturing and the processes involved in converting their plants into Smart Factories,” explains Alberto López de Biñaspre. “Innovation is part of our DNA. Without it we wouldn’t be what we are today, a multinational company united by a fundamental principle of customer orientation. This principle affords us the degree of independence and autonomy necessary to ensure that our customers are offered the most appropriate solutions, regardless of the moment in time or the level of maturity of their business,” he concludes.
SMEs predict best sales in three years
Small to medium-sized manufacturers (SMEs) must improve productivity by unlocking ‘their own hidden potential’ if sales and profits growth are to meet expectations, according to the latest National Manufacturing Barometer.
The quarterly survey, which is conducted by SWMAS (part of Exelin Group) in partnership with Economic Growth Solutions (EGS), invited 320 manufacturing industry leaders to discuss performance, with a special focus on productivity and the extent to which it is engrained in manufacturing business culture.
An overwhelming majority of respondents (72 percent) said they anticipate an increase in sales in the next six months – the highest figure recorded for nearly three years. In a further indication of confidence in the sector, 59 percent of respondents said they were expecting increased profits over the next six months.
However, as only 45 percent of manufacturers actually experienced an increase profits in the second half of 2017, the gap between anticipated sales growth and actual recent improvements in profits continues to raise questions about productivity, especially the ability of manufacturers to meet their own growth targets.
Encouragingly, more than half (56 percent) of manufacturers indicated in the Barometer that they aimed to deliver against their growth targets by investing in machinery and premises; a rise of 13 percent on the last report.
Furthermore, 48% of respondents to the latest survey said they planned to recruit new staff, which is only 2% higher than the same time last year. This suggests that improving productivity through the existing workforce and facilities remains the key focus.
The latest Manufacturing Barometer survey also explored the extent to which manufacturers have integrated productivity into their business and workplace culture.
Around 70 percent are confident that productivity is engrained at a strategic level and championed by business leaders. However, almost half indicated they would like to achieve better and sustainable productivity improvements, pointing to the need to improve engagement with staff to deliver and sustain change.
Simon Howes, CEO of Exelin Group, says: “Confidence levels are riding high in the manufacturing sector despite market uncertainties, demonstrating the strength and resilience of our SME manufacturers.
“The Barometer does, however, illustrate there is a definite gap between many manufacturers’ expectations about future performance and their ability to deliver the productivity gains required to drive sales and profit growth.
“Our special focus on productivity and culture suggests that while many firms have successfully embedded productivity good practice at a strategic, leadership and management level, there remains a stumbling block in actually delivering lasting productivity improvements. In short, manufacturers have to look harder at how they engage their workforce to unlock their own hidden potential and so achieve their sales and profit ambitions in the process.”
Dean Barnes, regional director of Economic Growth Solutions and the Manufacturing Growth Programme, adds: “This Barometer delved deeper into how manufacturers are tackling the productivity puzzle and it’s hugely positive to see that more respondents are planning to invest in machinery and premises, and around half are committed to recruiting staff. “However, with well over two thirds of manufacturers reporting expected sales growth, it’s clear that unlocking the full potential of the existing workforce remains key to sustainable productivity gains. It is of paramount importance that businesses are able to access specialist help and advice to grow and improve, and fully realise this potential.”
Michael Gibbs, managing director of Redruth-based spring manufacturer European Springs & Pressings, says: “These findings speak volumes. To have two thirds of UK SME’s forecasting continual growth in their order books, alongside increasing profits, confirms the UK’s recent rise up the rankings to the eighth largest manufacturer in the world.
“It’s encouraging to see the sector also focuses on efficiencies through management and lean manufacturing processes to counter external price rises. We’re now heavily investing in new premises, personnel, machinery and efficiency systems in a determined bid to see today’s manufacturing trend continue.”
Peter Bruch, managing director of Birmingham-based precision components manufacturer AE Aerospace, concludes: “We have focused on productivity improvements since our management buy-out four years ago. The biggest difference has been the investment in our people and systems. The team understand what work they need to do, why and how it benefits them to improve what we do.”
The Manufacturing Barometer is the largest survey conducted of SME manufacturers in the UK and asks senior decision makers for their views on factors influencing business performance and the future of the sector.
This survey covers the business operating period for winter 2017 (October, November and December 2017) with businesses surveyed in January 2018. UK SME Manufacturers wanting to add their voice can sign up to contribute to the next Manufacturing Barometer at www.swmas.co.uk/knowledge/manufacturing-barometer
To obtain a copy of the National Barometer, please email email@example.com.
or follow @swmas_ltd/@mfggrowthp on twitter.
Geo Kingsbury enters additive manufacturing sector
Emmanuel Macron visited Michelin on 25th January 2018, where the President of the Republic received from Vincent Ferreiro, CEO of AddUp, a stylised, 3D printed metal statuette of the French national symbol, Marianne
Known for selling turnkey metalcutting systems to UK and Irish manufacturing industry based on prestigious German machine tool agency ranges of CNC turning, milling and grinding centres, Geo Kingsbury has announced that, with immediate effect, it is also offering additive manufacturing solutions.
The announcement follows the company’s appointment as exclusive distributor within the same markets for AddUp Global Additive Solutions (www.addupsolutions.com/en/), created on 1st April 2016 by two giants of French industry, Michelin and the Fives industrial engineering group, which jointly own the company.
The venture was born out of Michelin’s extensive use of powder-bed additive techniques for producing sipes for moulds, which give tyres their tread patterns, and the company’s desire to commercialise its expertise. In September 2015 Michelin partnered with Fives, which brought advanced machine tool design and build experience to the business enterprise.
Richard Kingsbury, managing director of Geo Kingsbury comments: “We have created a new Additive Manufacturing division at our offices in the Midlands, headed by Richard Hughes, to operate alongside our Large Prismatic Machines (LPM) and Milling Turning Grinding (MTG) technology divisions.
“We will be looking to include further additive manufacturing processes in our portfolio in the coming months, signalling our intention to move strongly into this expanding area of manufacturing.”