How to resolve AdBlock issue? Dormer Pramet to acquire Miranda Tools
- Details
- June 24, 2020
Click image to enlargeDormer Pramet has inked a deal to acquire Mumbai-based Miranda Tools, a manufacturer of high-speed steel (HSS) and solid carbide cutting tools.
With a corporate base in Mumbai and several manufacturing facilities in the state of Gujarat, Miranda is one of the leading domestic cutting tool brands.
The acquisition enhances Dormer’s production capabilities with a proven manufacturing platform and further strengthens its round tools offering for the general engineering, automotive component manufacturing and MRO industries.
“I am very pleased to have reached an agreement to acquire the business of Miranda Tools and look forward to welcoming them into the Dormer Pramet family,” said Stefan Steenstrup, president of Dormer Pramet . “We see a lot of commonalities between the two companies, with an established distribution network, long-standing customer partnerships, and a focus on product quality and service.”
It also strengthens Dormet’s position in wider markets, supporting a vast array of small to medium-sized workshops, which rely heavily on HSS cutting tools.
“By expanding our manufacturing footprint to encompass North and South America, Europe and now Asia, we can better serve these markets,” said Steenstrup
Miranda, which employs more than 580 people, offers a varied product portfolio including drills, taps, milling cutters tool bits and saws.
Economic optimism is rising on the latest data coming out of the US market: the advance estimate of second quarter 2014 GDP growth in the US was 4.0 per cent, well above market expectations for a 3.0 per cent increase, according to an RBC Economics statement by economist Nathan Janzen.
Maxime Viau has joined Renishaw Canada as an application specialist for machine tools, based in Quebec.
by Kip Hanson
Three cutting tool providers offer advice on high feed milling
Rohm Products of America has been named a DMG MORI Qualified Products designer/supplier. The designation means Rohm can now provide accessories for DMG MORI machines that have been certified according to the machine tool builder's standards.
Traffic is moving once again at the Alberta and BC borders with the U.S. as protest blockades have been dismantled. The blockade in Manitoba is expected to be cleared tomorrow.
Aerospace manufacturer Héroux-Devtek Inc. has announced a six-year extension of its landing gear contract with Boeing.
Walter’s newest face milling cutter, the Xtra·tec XT M5012, is a productive and versatile new face mill with an 88° approach angle.
Despite recent discouraging signs, the Canadian economy is likely to grow faster later this year, according to an RBC economist.
Prime Minister Justin Trudeau and US President Donald Trump emerged from their first official meeting affirming their longstanding relationship and their agreement to continue to cooperate to ensure ongoing economic growth of the North American continent.
The IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI), released on April 2, registered 55.7, little changed from the 55.6 posted in February and above the neutral 55.0 threshold for the 25th month in a row.
The University of Waterloo is building one of the largest university-based facilities in the world to advance additive manufacturing (AM) and help companies adopt AM processes for innovative and customized products.
by Kip Hanson
Making the case for integrated tool vending solutions in small to medium-sized businesses
by Kip Hanson
The choice between solid carbide and indexable drills is often a perplexing one
Horn USA, Inc. is moving to a new headquarters during the third quarter of 2020.
