Machine Tools, Metalworking, & Metallurgy News

KARRATHA, Australia--(BUSINESS WIRE)--Rio Tinto’s first Pilbara-made iron ore rail car has rolled off the production line in Karratha, as part of a A$150 million partnership with Australian rail industry supplier Gemco Rail to build 100 rail cars in Western Australia and to support local manufacturing. The first Karratha-made rail car follows the completion of 40 Western Australian-made iron ore rail cars under the partnership at Gemco Rail’s Perth facility earlier this year, with the remaining...

PERTH, Australia--(BUSINESS WIRE)--Australia’s first Cat® 793 XE Early Learner battery-electric haul trucks have arrived at BHP’s Jimblebar iron ore mine in the Pilbara, marking the start of on-site testing, in collaboration with Rio Tinto, of Caterpillar’s battery-electric heavy haulage technology in the region that powers the nation’s economy. The two Early Learner trucks, delivered through an industry-first collaboration between BHP, Rio Tinto and Caterpillar represent a major step toward a...

NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Corporation Board Declares Dividend...

NORTH BETHESDA, Md.--(BUSINESS WIRE)--ESAB Appoints Dr. Sébastien Martin to Board; Announces Retirement of Director Patrick Allender...

JACKSONVILLE BEACH, Fla.--(BUSINESS WIRE)--Dubin Clark & Company, Inc. (“Dubin Clark”), a private equity firm focused on partnering with lower middle market businesses, is pleased to announce the sale of Reel Power International Corp. (“Reel Power” or the “Company”), a leading provider of engineered winding, spooling, and material-handling equipment, to StoneTree Investment Partners LLC (“Stone Tree”), a private equity firm specializing in niche manufacturing and industrial companies. Headq...

BLOOMFIELD HILLS, Mich.--(BUSINESS WIRE)--TriMas (NASDAQ: TRS) today announced the appointment of Paul Swart as Chief Financial Officer, effective December 15, 2025. Paul will report to Thomas Snyder, TriMas President and Chief Executive Officer, and will succeed Teresa Finley, Interim Chief Financial Officer and TriMas Board Member. Paul brings more than 25 years of strategic leadership and financial oversight experience, including two decades in key operational and corporate finance and accou...

FREMONT, Calif.--(BUSINESS WIRE)--YES has named Rezwan Lateef as CEO as the company enters its next growth phase, with outgoing CEO Rama Alapati supporting the transition....

SALEM, N.H.--(BUSINESS WIRE)--Micro-Precision Technologies, Inc. (“MPT”, https://www.micropt.com), a leader in complex micro-electronics, is thrilled to announce its acquisition of Stellar Manufacturing (“Stellar”), a provider of printed circuit board assemblies (PCBA). MPT partnered with private equity investment firm, Great River Capital Partners in mid-2024, with add-on acquisitions considered as one path to drive continued growth for the company. The acquisition of Stellar closed in early O...

GALION, Ohio--(BUSINESS WIRE)--Eagle Crusher Co. announces its new, heavy-duty Talon line of mobile crushing and stockpiling equipment for recycling applications....

IRVINE, Calif.--(BUSINESS WIRE)--Janes Capital Partners announced today that it served as exclusive sell-side advisor to American Casting Company on its strategic investment by Arcline Investment Management. Based in Hollister, California, American Casting Company (“ACC”) is a leading provider of highly engineered investment castings for aerospace, defense, medical and specialty industrial applications. Founded in 1974, ACC specializes in casting complex, tight-tolerance geometries from superal...