In January 2023, KOREA GUNDRILL announced a partnership with Cheto Corporation S.A. to distribute its deep hole drilling machines in South America.
In October 2022, Entrust launched the UNISIG H2000 deep hole drilling machine, which is the most powerful deep hole drilling machine in the UNISIG range.
In October 2022, Hochent launches the HTT-700 deep hole drilling machine, which is the most powerful deep hole drilling machine in the HTT range.
The virtual reality platform enabled Kennametal Inc. to establish its products in the virtual world in April 2022.
In March 2022, Hong Ji Precision Machinery Ltd launched their new deep drilling machine ST-1500MA, which also doubles as a milling device.
In February 2022, Cheto Corporation SA introduced an innovative and new solution to deep-hole drilling systems, which is going to change the industry.
Acquisition of a significant manufacturing contract from the defense industry by Mollart Engineering Ltd took place in January 2022.
Entrust’s subsidiary UNISIG launched two additional models of its deep drilling machines in May 2020 under the USC-M series bracket, USC-2M and USC-3M, which can undertake gun drilling and milling processes. Consequently, the company has unveiled these products with the aim of enhancing its product portfolio in order to commit itself to satisfying customer needs.
For instance, by 2022, the World Bank would like to invest more than USD300 million into India and help establish more than four hundred fifty new plants. Similarly, the World Bank Group intends to invest over USD 900 million in the Brazilian manufacturing sector. Strategies will help this kind of industry in countries like India and Brazil in future therefore growing the driller market for not more than five years.
December 2022: By Komatsu Limited, a Japanese manufacturing company’s announcement that GHH Group GmbH a major producer of underground mining, tunneling and special civil engineering equipment based in Gelsenkirchen, Germany is going to be acquired; it is as if Komatsu would like to expand its range of underground mining equipment while speeding up new product development with synergies between Komatsu’s current team and its products.
November 2022: Nidec Corporation (a Japanese manufacturer/distributor) acquired PAMA (an Italian producer of machine tools) as well as nine other affiliated companies. The transaction is estimated to be around 15 billion yen or 108 million dollars, according to reporting by Nikkei Asia. For instance, PAMA had sales worth more than 124 million dollars (118.3 million euros) in 2021 and maintains production bases in Italy and China.
In November 2021, Sandvik Coromant expanded its drilling tools range with the introduction of two micro drill families - CoroDrill 462 and CoroDrill 862 - for the automotive, medical and aerospace sectors. These machines augment the capability of CNC-controlled deep-hole drilling systems.
In June 2023, UNISIG invested about 1.5 million Nima into Plant Technology and Equipment for its new 5000 sq. foot fabrication department. The growth aligns with the company’s strategy in fostering or building up capability for design-to-end production of sheet metals that high high-grade components for UNISIG’s product range.
In January 2023, KOREA GUNDRILL announced that it had entered into a partnership with Cheto Corporation S.A. to sell its Deep Hole Drilling Machines in South American markets.
In December 2022, HONG JI Precision Machinery Ltd. launched the ST-1500MC milling & drilling machine that has a controlled Active Torque Surveillance system and CNC rotary worktable with a CAT50 spindle. The machine is capable of more than just deep hole drilling, for it can also perform pocket milling, tapping, chamfering and engraving. A CAT50 or BT50 spindle is mounted on this machine for heavy machining work.
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