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Latest Modula News
Aug 10, 2022
Sandvik acquires Sphinx Tools August 10, 2022 Sandvik has signed and completed an agreement to acquire 100% of the equity interests in the Switzerland-based Sphinx Tools Ltd . and its wholly owned subsidiary P. Rieger Werkzeugfabrik AG. Sphinx Tools’ customers are mainly within the automotive, aerospace, and medical segments. The company will be reported within Sandvik Coromant, a division within Sandvik Manufacturing and Machining Solutions. “With the acquisition of Sphinx Tools we continue to execute on our shift to growth strategy. Strengthening our position in round tools is one strategic priority for our machining solutions business and with this acquisition we will expand our product portfolio in the high growth area of micro tools,” says Stefan Widing, CEO and President of Sandvik. Sphinx Tools enhances Sandvik Coromant’s product offering within solid round tools and is an established player in the adjacent surgical cutting tools market. The company is present in Europe with three production sites in Switzerland and has global distribution. “The acquisition of Sphinx Tools fits very well with our strategy to strengthen our position in round tools. With Sphinx Tools we will have the opportunity to take a global leading position in micro tools, a premium niche of round tools, expand our product portfolio and enter an adjacent area of surgical tools. We are very pleased to welcome Sphinx Tools to the Group.” says Nadine Crauwels, President of Sandvik Machining Solutions. Sphinx Tools was founded in 1994, has around 115 employees and is based in Switzerland. In 2021, the company generated revenues of approximately 292 MSEK. The EBITA margin is neutral to Sandvik Manufacturing and Machining Solutions. Impact on Sandvik’s earnings per share will be limited, yet slightly positive. The parties have agreed not to disclose the purchase price. Carestream Health’s focus on delivering medical imaging solutions that address customer needs has earned the company an award from Frost & Sullivan , a global market intelligence firm. The CARESTREAM Lux 35 Detector, a lightweight, glass-free wireless detector ergonomically designed with the comfort of patients and radiographers in mind, earned the 2022 Frost & Sullivan Global New Product Innovation Award in the digital radiography detector industry. Frost & Sullivan noted the Lux 35 Detector “encompasses all of the attractive features of different digital radiography (DR) detectors in a single solution, making it the industry’s best DR detector.” “The Frost & Sullivan Award is another validation of our research and development team’s continued success at developing solutions that incorporate cutting-edge technology to improve radiology workflow and enhance patient care,” said Dharmendu Damany, chief technology officer at Carestream. “With our first cesium iodide, glass-free Lux 35 Detector for the medical space, we provide a solution that is lightweight and provides resolution and detail, and a reduced exposure as compared with gadolinium detectors.” Weighing about 5 lb (including the battery) the sleek 14” x 17” (35cm x 43cm) Lux 35 Detector with its glass-free sensor is Carestream’s lightest detector to date. The lighter weight makes it easier for radiographers to transport while making rounds and performing bedside exams. Also, the Lux 35 Detector has ergonomic features that reduce stress and fatigue for radiographers, allow easier positioning, and make the exam process more comfortable for patients. The Lux 35 Detector supports image-processing options to assist radiologists, including tube and line visualization, pneumothorax visualization, EVP plus, and bone suppression. It uses Carestream’s ImageView Software powered by Eclipse for high image quality and features the X-Factor, so the detector can be shared with other compatible DRX equipment. Additionally, the Lux 35 detector battery is backwards compatible in that it works with DRX Plus Detectors and uses the same battery charger. Carestream was the first to introduce a wireless cassette-sized detector and continues to lead the way in technology innovation by designing products and solutions that help alleviate customer pain points and make their radiology workflow easier. “Frost & Sullivan applauds Carestream’s commitment to customer prioritization that has successfully culminated in efficient product delivery,” said Ojaswi Rana, best practices research analyst at Frost & Sullivan, which applies a rigorous analytical process to evaluate each nominee for its awards. In its analysis, Frost & Sullivan also noted Carestream’s customer-centric philosophy permeates its daily practices. For example, Carestream’s eXceed Program ensures commitment from every employee to provide the best customer experience. The company works closely with clients, establishing long-term relationships by assessing their needs, developing solutions with roadmaps for seamless execution. About the presentation What does an imaginary creature from 1950s German literature have in common with a tool data management system of today? When it comes to being a perfect solution, a whole lot it turns out. In Germany, there’s a special expression for something that does it all: Die eierlegende Wollmilchsau, or “the egg-laying wool-milk sow.” The imaginary creature, which looks just as spectacular as it sounds, popped up in German literature in the late 1950s and has since come to signify anything that combines every resource you might possibly need into one perfect solution. In 2022, Sandvik’s tool data management systems unveiled its very own Wollmilchsau in North America: TDM Cloud Essentials. TDM Cloud Essentials makes digital tool management available and affordable for everyone. It’s specifically geared toward a small to medium-sized company with a high proportion of individual orders, small batch sizes, wide range of applications or products, or a proportion of manufacturing handled in-house. Let’s have a look if TDM Cloud Essentials is really all you need to get started. Registration Powered by AMT and managed by GIE Media, The IMTS 2022 Conference features 69 different sessions you won’t want to miss so register today . Focused on a range of topics that include process innovation, plant operations, quality/inspection, and automation, The IMTS 2022 Conference addresses improving productivity; improving part quality; and developing a stable, competent workforce to lower the cost of manufacturing in the United States and create new levels of market demand. Meet your presenter Robert Auer has worked at TDM Systems since 2016 when he began as director of sales Asia Pacific/Global Partner Sales. After three years, he was appointed director of global business development. His focus lies in securing and expanding new markets around the world, particularly the American market. He comes from the field of process automation, tool management, and tool lifecycle management. Prior to that he was employed as head of sales and marketing at EffCom AG. Auer also brought a wealth of expertise in sales, key accounts, and marketing, not to mention international experience, from his earlier role at Zoller Inc. (USA), Zoller GmbH, and QUIAGEN. About the company TDM Systems is the Sandvik Group’s competence center for tool data management (TDM). TDM software, in use around the world, is now in its fourth generation. One key to the success of TDM is its customer-oriented solutions. TDM offers a complete system for the management and organization of production resources, including tools, jigs, and fixtures, measuring and inspection equipment, setup equipment, chucks, and all related data. The present version of TDM V4 is available in 10 languages and can be procured on all international markets. According to the latest U.S. Manufacturing Technology Orders (USMTO) report published by AMT – The Association For Manufacturing Technology, new orders of manufacturing technology totaled $417.5 million in June 2022. These orders were down 5% from May 2022 and declined 16% from June 2021. Through the first half of 2022, manufacturing technology orders have totaled $2.84 billion, a 13% increase over the first half of 2021. “Being ahead of our best year on record to start 2022 is a good sign for the industry,” says Douglas K. Woods, president of AMT. “That said, we are beginning to see the normal trend of decreased orders through the summer months. IMTS is likely to reverse that trend. September orders in an IMTS year tend to exceed non-IMTS September orders by nearly $180 million. In addition to the immediate 'September effect,' orders following an IMTS tend to remain elevated for the remainder of the year.” Several other hurdles remain in the way of the industry matching the unbounded success of the last year. Supply chain issues continue to plague the industry, causing extended lead times for new equipment. “Typically, shops with an order in hand need to begin making parts and may not be able to wait for new machinery to be delivered,” Woods says. “When making less-complex parts, some of the demand that would normally go toward new machinery is now being redirected to the used market.” Despite these hurdles and an overall decrease in order activity, several industries are increasing orders. “The manufacturers of construction machinery ordered the most new equipment since June of last year,” Woods says. “This is likely in anticipation of additional capacity needs to implement the infrastructure bill which became law last November.” Interestingly, the value of June 2022 orders was about 14% above the average value of June, but the number of units were down by about 12% from a typical June. “While some of this disparity is surely due to inflation, a much larger share is the addition of automation, which has become ever more necessary to keep production up as the labor market grows tighter,” Woods says. “Decreasing price points and increasing ease of use has accelerated automation adoption in industries that were typically hesitant to take the plunge. I am expecting to see many of these solutions on display Sept. 12-17 at IMTS in Chicago and expecting a large number of manufacturers to view them as well.” Supporting various configurations, the solution can fully or partially automate material handling processes. The configurations include: Semi-automated picking of single items – With this process, human operators pick single items from Modula’s storage unit and place them onto MiR’s mobile robot for autonomous transportation to designated areas such as consolidation centers Semi-automated picking with picking-carts – an operator can pick multiple items and place them onto a picking station where the MiR robot hooks onto the picking station and moves it to the designated area Fully automated picking of single items – MiR robots are equipped with a robotic arm that picks single items from Modula’s storage unit and transports them easily and safely to the next picking zone or consolidation area Fullly automated case picking – MiR robots are equipped with a customized top module that lifts, picks, and places totes or bins directly from or to a tray on Modula’s vertical lift module (VLM), facilitating picking and replenishment without human intervention Fully automated with pallets – MiR robots specially equipped to pick large and heavy items off Modula’s VLM model for pallets The solution enables savings in time and space, improving productivity and enhancing intralogistics. According to Modula CEO Massimiliano Gigli, workplace safety and employee satisfaction are among the primary benefits of Modula and MiR’s joint solution. “By taking over repetitive, physically straining and otherwise dangerous tasks, this system significantly improves the working conditions in warehouses, factories and distribution centers,” Gigli said. “Faced with labor shortages, businesses looking to automate storage, picking, and material handling stand to gain more than just greater productivity by offering their employees more valuable responsibilities and a safer work environment.” Designed for modular and quick implementation, Modula and MiR’s system is adaptable to warehouses and distribution centers of almost any size and layout. As such, it facilitates gradual automation, allowing businesses to transform processes at their own pace. The system can generate a return on investment (ROI) as early as six to 18 months from installation.
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