Modig and Seco Tools Sign Development Agreement
This Swedish multi-year collaboration will focus on developing next generation machine tools.
Posted: February 7, 2015
Modig Machine Tool (Virserum, Sweden) is proud to announce the signing of a multi-year agreement with Seco Tools AB (Fagersta, Sweden) for development of next generation machine tools. Company president David Modig said, “Our customers are asking for faster machines with higher chip removal rates. Harnessing Seco’s highly specialized cutting tool competence will accelerate our ability to meet these challenges. With their assistance in prototype testing, we are confident we will exceed customer expectations with our next product release, the RigiMill, and beyond.
Modig’s innovative technology, optimized for the aircraft industry, is recognized for the high quality of production coupled with dramatic reductions in component manufacture time, resulting in lower unit costs and significantly improved margins. Founded in 1948 and focusing on the aircraft industry since 1988, the company has continuously enhanced its reputation through its HHV extrusion mill and six-axis FlexiMill.
Seco is a leading global supplier of metal cutting solutions with its head office in Fagersta. Employing more than 5,000 persons worldwide, the company has presence in more than 50 countries. Dave Todd, their strategic engineering manager, said, “We are used to pushing the limits with lighter, stronger and more corrosive-resistance materials for the aerospace industry. We embrace this collaboration to deploy our machining competence.”
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