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.
Author Credits: Rushikesh, Richa Gupta
Report ID: 5409
Published Date: Nov 28, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for advanced manufacturing equipment, and rising demand for commercial aircraft are the major factors driving the market growth.
The market size of tool holder collets is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2024-2036.
The major players in the market are GDP|GUHDO, Sandvik AB, Bilz Werkzeugfabrik GmbH & Co. KG, Gem Precision Tool, Kennametal, Sandvik Coromant, KTA Spindle Toolings, CERATIZIT, Kato MFG.Co.Ltd., Walter Dunner SA, Robert Bosch GmbH, Curran Manufacturing Corporation
The automotive & transportation segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.