U.S. Cutting Tool Year To Date Consumption Up 2.6 Percent In July

July 2019 U.S. cutting tool consumption totaled $198.4 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 0.6 percent from June's $199.7 million and down 1.3 percent when compared with the $201.0 million reported for July 2018. With a year-to-date total of $1.5 billion, 2019 is up 2.6 percent when compared with 2018. 

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OPC Companion Spec Version 2.0: OPC Foundation and MTConnect Institute Announce Release of the OPC UA Companion Specification for MTConnect®

McLean, Va. & Scottsdale, Az. (September 10, 2019) – The OPC Foundation in conjunction with the MTConnect Institute announce the release of the jointly developed “OPC Unified Architecture for MTConnect Companion Specification Part 1”. This companion specification makes the MTConnect semantic information model for machine tools accessible to a global audience leveraging the OPC UA Service Oriented Architecture. This OPC UA MTConnect Companion Specification incorporates all the features and functions of the XML based MTConnect standard.

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Despite Gains Over June, U.S. Manufacturing Technology Orders through July 11.7 Percent off July 2018 Totals
U.S. manufacturing technology orders totaled $383.7 million in July 2019, an increase of seven percent over June 2019 but a fall of five percent from July 2018, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. The total value of manufacturing technology ordered through July 2019 totaled $2.64 billion, a decrease of 11.7 percent from the 2018 year-to-date total of $2.98 billion.   (more)
U.S. Cutting Tool Consumption Up 3.2 Percent In June

June 2019 U.S. cutting tool consumption totaled $198.9 million according to the United States. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 6.8 percent from May's $213.4 million and down 6.3 percent when compared with the $212.4 million reported for June 2018. With a year-to-date total of $1.25 billion, 2019 is up 3.2 percent when compared with 2018. 

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Despite Overall Decline in June, US Manufacturing Technology Orders Increase Among Job Shops for Second Straight Month
McLean, Va., (August 12, 2019) -  U.S. manufacturing technology orders fell 7.7 percent from the previous month to a total of $357.8 million in June 2019, according to the latest U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology. While cutting technologies fell by a modest 2.1 percent, a majority of the month-over-month decline was driven by the more volatile forming and fabricating technologies. Orders for the first half of 2019 totaled $2,249 million, a decrease of 12.8 percent compared to the first half of 2018 when orders totaled $2,580 million.   (more)
The Association For Manufacturing Technology Today Announced that MTForecast 2019 Will be Held October 2–4, 2019 in Cleveland
The Association For Manufacturing Technology (AMT), which represents U.S.-based providers of manufacturing technology – the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative and competitive – today announced that its annual MTForecast event will be held October 2–4, 2019 in Cleveland at the Hilton Cleveland Downtown. MTForecast will feature U.S. economic and machine tool business forecasts from nationally recognized economists and industry analysts including Mark Killion, CFA, director of US industries, Oxford Economics; Steve Kline, chief data officer, Gardner Business Media; and Alan Beaulieu, president, ITR Economics. The conference also includes market outlooks for the aerospace, automotive, medical and oil & gas industries that review projected growth, market and technology trends, global competition and other economic data important to the machine tool industry.  (more)
Big changes in store for IIoT in 2019
What do security, ‘fog’ and edge computing, 5g cellular, and digital twins have in common? They’re among the critical opportunities and issues shaping the industrial Internet of things, which is the focus of the November webinar of the Manufacturing Tech Council.  (more)
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AMT News - September 2019
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Unpacking: yes or no?

Until recently, unpacking my clothes on a business trip was something I never thought about. Not long ago, a few of us weary travelers were at a bar, (of course), waiting out a flight delay (again, of course) talking about how we do everything in our power to make sure everything we pack fits in our carry-on. One of my colleagues brought up the Three Night Rule for unpacking. I said, “The Three Night Rule—what’s that?” He replied that on any trip of three nights or less, he does not unpack his clothes. “Why?” I asked. He explained that it was a waste of time to unpack and repack his clothes for such a short trip. Huh. Not unpacking clothes? Who knew? I’ve read lots of articles about the art of packing for a trip, but never about unpacking.

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Should our company be marketing on the internet?

It is important for manufacturing technology companies of all sizes to have a marketing presence on the internet and social media. We all do the bulk of our research online, read about our industry, conduct personal business, and read and post on social media. And our customers are doing the same thing.

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Back to school

IMTS COMMITTED TO SUPPORTING MANUFACTURERS OF THE FUTURE

With the back-to-school buzz of the past few weeks, I am reminded that IMTS has been fostering positive perceptions about careers in manufacturing to students for many years. From the early years as more of a science fair than trade show, to the renewed emphasis on education that began with the first Smartforce Student Summit in 1998, IMTS champions our industry to the next generations.

IMTS continues to look for new ways to encourage students to become the manufacturers of the future. Here are three new ways IMTS positively impacts students’ interest, academic growth, and skills in manufacturing technology.

 

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After month-long recess, Congress gets back to work

While members of Congress were back home meeting with constituents last month, their staffs were busy in Washington working on a path to fund the government in FY20. Now, with fewer than 40 days left in the 2019 session, how will Congress spend the remaining limited time on Capitol Hill?

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Founded in 1902, AMT – The Association For Manufacturing Technology represents builders and distributors of manufacturing technology -- the advanced machinery, devices, and digital equipment that U.S. manufacturing relies on to be productive, innovative, and competitive. Located in McLean, VA, near the nation's capital, AMT acts as the industry's voice to speed the pace of innovation, increase global competitiveness and develop manufacturing's advanced workforce of tomorrow. With extensive expertise in industry data and intelligence, as well as a full complement of international business operations, AMT offers its members an unparallelled level of support. AMT also produces IMTS - The International Manufacturing Technology Show, the premier manufacturing technology event in North America.

AMT's goal is to provide the programs and services that will grow members' businesses in every facet - -product innovation, market expansion, employee development - and to represent and promote members and the manufacturing technology (MT) industry to the world at large. Find out if your company is eligible for AMT membership.

At AMT, we understand that our members have two main objectives in running their businesses – increasing sales and decreasing costs! Understanding this fundamental perspective, we strive to address this need in specific ways.
  • Providing access to markets in the U.S. and around the world.
  • Producing industry intelligence that will position your business for success and allow you to make informed decisions.
  • We bolster those core solutions with unique networking and engagement opportunities, by hosting industry events; advocating for the industry; building a Smartforce; and providing access to leading edge, and potentially disruptive, technologies.
Find out more
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Access To Markets
Access to Markets
Anywhere in the world you want to be, AMT is uniquely positioned to build sales and support your business. AMT’s Global Services range from domestic business support to full-service tech centers.  We provide access to markets in the United States and around the world. 

Explore a foreign market by participating in an AMT/USA pavilion or AMT oversea technical center. Utilize an AMT foreign office or visit your potential customers where the purchasing decisions are made with AMT trade missions. 
Manufacturing Technology
tech trendsTech Trends addresses trends in manufacturing technology from three perspectives:
  • Newly accepted production technologies
  • Greatest needs and challenges still remaining
  • Areas of interest within R&D

Standards

MTConnect is an open communication standard that provides the capability to pass data from machine tools to higher level systems for further processing using the XML-based standard. 

The ANSI B11 series of American National Standards and Technical Reports deal with machine tool safety and specify requirements for both the suppliers and users of the machines.

The Metalworking Skill Standards are common skills and competencies a worker needs to perform well on the job.

 
Industry Intelligence
 
AMT produces industry intelligence that will position your business for success and allow you to make informed decisions.

Knowledge of the current and coming economic environment, as well as the manufacturing technology industry and its customers is the key to strategic planning. Gain this data and accompanying analysis from AMT's Global Forecasting & Marketing Package (GFMP).

We provide unique analysis of trends impacting your company, markets and customers. 
  • United States Manufacturing Technology Orders (USMTO) - The only valid benchmark for market share and the best barometer of your customers' business. 
  • MTInsight allows you to visualize economic trends, pinpoint market share and review potential capital investment worldwide.
  • On-demand market research tailored to your company's needs
Contact AMT's industry and research analysts for your tailored research and to participate in any of AMT's benchmarking surveys