Tool Holder Collets Market - Top Companies and Manufacturers

In the News

• Sandvik AB has announced the complete acquirement of Chuzhou Yongpu Carbide Tools Co., Ltd. Sandvik has finalized the previously announced takeover of 67% of Chuzhou Yongpu Carbide Tools Co., Ltd, a China-based premium solid round tools firm, with a three-year call option to purchase the remaining 67%. For the fiscal year Q2 2020 to Q1 2021, the company had revenues with a profit margin of EBIT slightly lower than Sandvik Manufacturing and Machining Solutions. The immediate impact on earnings per share will be neutral.
• GDP|GUHDO has launched an attractively affordable starter package that offers significant discounts on high-quality tools. This set contains 8 HSK tool holders (option based on collet style selected (SYOZ, ER40, or ER32), 8 collets, 14 solid carbide bits, and 10 drill bits in the sizes required. A tool setup fixture, pressure instrument, and an obstruction board cutter placed on a heat shrink tool holder are all included in the starter kit.