Machine Tools, Metalworking, & Metallurgy News

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Materion Corporation (NYSE: MTRN) is scheduled to release its first quarter 2025 financial results on May 1, 2025, before the opening of the New York Stock Exchange. The company will hold a conference call with investors at 10:00 AM ET that morning. Jugal Vijayvargiya, President and Chief Executive Officer, and Shelly Chadwick, Vice President, Finance and Chief Financial Officer, will represent Materion Corporation on the call. Conference Call and Slide...

CHICAGO--(BUSINESS WIRE)--ONDEX Automation is pleased to announce that it has completed the acquisition of NeoMatrix, a leading software-focused factory automation system integrator. This acquisition further expands ONDEX Automation’s capabilities into SCADA, MES and digital transformation solutions. Founded in 2003 with offices in Andover, MA, Portsmouth, NH and Colorado Springs, CO, NeoMatrix helps manufacturers design, implement and sustain plant automation systems, digital transformation st...

SCHAUMBURG, Ill.--(BUSINESS WIRE)--Ascent Industries Co. (Nasdaq: ACNT) (“Ascent” or the “Company”), an industrials company specializing in the production and distribution of specialty chemicals and industrial tubular products, today announced the signing of a significant multi-year contract, expanding its relationship with an existing customer. The agreement is expected to generate more than $750,000 in additional annual EBITDA, representing a 10% year-over-year increase for the Specialty Chem...

ORLANDO, Fla.--(BUSINESS WIRE)--Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, announced today that its subsidiary, Control Micro Systems (CMS Laser), has secured a significant order from a premier global manufacturing services provider specializing in high-reliability original equipment manufacturing (OEM) markets. This key customer, a trusted partner to OEMs in demanding sectors,...

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA; ASX: AAI) today reported results for the first quarter 2025, a period that included sequential increases in Net income, Adjusted net income and Adjusted EBITDA excluding special items and the announced joint venture to support the San Ciprián (Spain) operations. Financial Results and Highlights M, except per share amounts 1Q25   4Q24   1Q24   Revenue $ 3,369   $ 3,486   $ 2,599   Net income (loss) attributable to Alcoa Corporation $ 548...

JUAREZ, Mexico--(BUSINESS WIRE)--Due to the increasing demand for high-quality custom metal components, Komaspec, a Canadian-owned contract manufacturer, has added its newest manufacturing facility in Mexico, adding 20,000 square feet to its global production network and the option to price and produce parts in both Mexico and China. This expansion is a key milestone in serving the North American market with reduced lead times and enhanced manufacturing efficiency. The custom metal parts produc...

SAN JOSE, Calif.--(BUSINESS WIRE)--Lyten, the supermaterial applications company and global leader in lithium-sulfur batteries, announced today it has produced the United States’ first battery grade lithium-metal foil utilizing U.S. made lithium alloys and U.S. sourced lithium-metal. Lyten has already achieved a fully localized supply chain for its sulfur cathode and is now localizing the supply chain for its lithium-metal anode, creating a supply chain resilient and tariff-free battery. Applic...

BLOOMINGTON, Minn.--(BUSINESS WIRE)--Polar Semiconductor (“Polar”), the only U.S.-owned merchant foundry specializing in sensor, power, and high-voltage semiconductors, announced today the finalization of a strategic agreement with Renesas Electronics Corporation (“Renesas”) to license their Gallium Nitride on Silicon D-Mode (GaN-on-Si) technology. As part of this agreement, Polar will fabricate High Voltage 650V Class GaN-on-Si devices for Renesas and other customers in its 200mm automotive qu...

FRANKLIN, Tenn.--(BUSINESS WIRE)--Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors has declared a quarterly cash dividend of $0.77 per share. The dividend will be payable on May 15, 2025 to stockholders of record as of the close of business on April 25, 2025. About Kaiser Aluminum Corporation Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with hi...

BETHESDA, Md. & EVANSTON, Ill.--(BUSINESS WIRE)--Rotunda Capital Partners (“Rotunda”) has invested in Capital Machine Technologies, Inc. (“Capital” or “the Company”), in partnership with the existing owners and management team. Founded in 1984 and headquartered in Tampa, FL, Capital is a distributor and repair service provider of metal fabrication machinery including press brakes, robotic welders, metal cutting machinery, and other equipment to US manufacturers across the Southeast and Midwest....