News Press Releases

Statement on the market by Pat Boland ANCA Co-Founder
 
September 2019: There has been a slight general slowdown throughout the world but most of the impact we are seeing is in China and Korea. That has been caused by some structural factors. One of the biggest reasons is that the investment in the 3C market in Asia has peaked and the supply chain has reached capacity. The 3C market softening did create ripples into Europe and Japan impacting cutting tool manufacturers who were exporting to this sector.

There is also some nervousness in markets due to Brexit and the US, China trade war and these impacts will be seen for some time. These unknowns do have an effect, however with the diversity of the market cutting tool manufacturers there remains opportunity.

I would also say that so far this softening is within the bounds of this cyclical nature of the tool and cutting grinder market and business remains fairly positive. In fact it is a great time to invest with interest rates being so low. We have established a finance division here in Europe to offer competitive lease rates across Europe and Turkey which is being shown at EMO.

Aerospace remains strong throughout the world and general engineering still has significant investment and there are some things like the trends for internal gears which is creating a big demand for skiving cutters. Electric vehicles are already on the roads and many of our customers are actively looking at how they can take advantage of this sector as the number of these vehicles increases.  ANCA is introducing its latest machine to the market here at EMO 2019 to service this growing market with the gear cutter GCX Linear.

The push towards accuracy continues and globally people are looking into how they can establish their own automated factories or machine tools being connected. As a business we are enthusiastically embracing the Umati standard as to really see traction on this trend all technology needs to be able to work together. 

In terms of new technology we have the launch of the Motor Temperature Control (MTC) which is a patent pending ANCA breakthrough that maintains constant spindle temperature across varying operating conditions. Having a thermally stable spindle increases process stability and tool production quality.

World supply chains are adapting quickly to the new world order of US China confrontation. We see a significant uptick in investment in Asean, in particular Vietnam and Mexico as a result of diversification away from China.

7 October 2019