It is reported that Valenite, which is known for its automotive manufacturing tools, will be absorbed by Walter Tool Company in Germany. Mining Truck Parts,Mining Machine Parts,Mining Tipper Truck Parts,Mining Truck Spare Parts JINING SHANTE SONGZHENG CONSTRUCTION MACHINERY CO.LTD , https://www.sdkomatsudozerparts.com
Wannet is one of the world's leading suppliers of carbide tools, known for its unique specialty tools and leading-edge technical services designed to solve complex machining problems. Founded in 1943, Wannet is known as the father of automotive engine parts processing. Its non-standard tooling department is a pioneer in the design and processing of special tools. With 66 years of experience in automotive machining tools, it has hundreds of patented technologies including linear boring tools and cylinder bore automatic compensation boring tools. In particular, it has mature and reliable technology for special tools that can be slidable and automatically compensated. This technology has been widely used by automobile manufacturers all over the world, and has greatly promoted the development level of the entire automotive processing industry.
In the 1990s, Wannet formed Widia Wannet with the German Widia, which was then merged with Cincinnati. It is reported that since then, perhaps thanks to the technical accumulation of the hard alloy inventor of Wedia, Wannet's indexable insert technology has made great progress. However, due to the adjustment of its controlling party's investment direction, Wannet and Widia were split in 2002 and sold to the Sandvik Group and the Kennametal Group.
After entering the Sandvik Group, Wannet was part of the Sandvik Tooling division, and together with Sandvik Coromant and Walter, several key members of the division responsible for providing metal cutting solutions. In 2004, Wannet merged with the French veteran tool company SAFETY to further expand its product range to provide metric/imperial standard products as well as a variety of complex non-standard tools, while expanding the range of applications. In addition to its traditional superior automobile manufacturing industry, it has been widely used in aerospace, rail transportation, energy, general machinery, medical equipment and other industries.
Walter is also a veteran German tool company, which was founded as early as 1919. At that time, the founder of Walter, Peter Walter, independently invented the tungsten-cobalt cemented carbide at the same time as Widia, but only in the later patent disputes, the carbide was obtained by Krupp-Widia. Patent, and Walter obtained the corresponding patent for metal cutting tools.
After World War II, Walter gained new development and gradually developed and expanded its product coverage. In 2001, Walter ended the family holding situation, and the family controller resold all of its shares to the Sandvik Group, where Walter's annual sales had reached 300 million euros and profits reached 40 million euros.
After entering the Sandvik Tools Group, Walter knives stripped off the CNC tool grinding department, but through the acquisition established a department engaged in the production of reaming and superhard tools, and gradually absorbed the Titek that was also part of Sandvik tools. Titex and Prototyp were replaced by their corporate logo in 2008.
This time Walter’s official press conference on the absorption of Wannet will be held on September 25, 2009. As the author who has served Walter for 8 years, there is reason to believe that Walter, who has been updated again after the merger, should be able to expand it to China. The ability of user service to make a contribution to the growth of China's manufacturing industry.
Wannet will be incorporated into the Walter Group
Abstract It is reported that Valenite, which is known for its automotive manufacturing tools, will be absorbed by Walter Tool Company in Germany. Wannet is one of the world's leading suppliers of carbide tools, with its unique special tools and designed for...