Tokyo, Japan: A provider of manufacturing machine tool technology, Makino has achieved a global turnover of 153 billion yen (US$1.36 billion) in Europe, North and South America, and Asia in the fiscal year 2016, which ended 31st March 2017.
Europe: The European Machine Tool Industry Association (CECIMO) has announced its support for the “Joint Declaration For An Ambitious EU Industrial Strategy”, joining over 125 other European manufacturing associations.
Nürtingen, Germany: Heller GmbH has reported its annual results for 2016. With an annual turnover of 537 million euros (US$599 million) for the year and order intake of US$588.1 million, the company’s key financial data for the year 2016 exceeded the targets set out in its respective annual plans.
Singapore: Machine tool maker Yamazaki Mazak celebrated its 25th anniversary in Singapore this year. At the event, the company announced the expansion of their new tooling and machine tool production, inauguration of their new additive manufacturing solution centre.
Worldwide: The global grinding machine market is forecast to reach US$5.06 billion by 2023. The market will mainly be driven by the consistent growth in the industrial manufacturing industry, according to market intelligence agency Research and Markets.