Valenite-USA , a professional auto parts cutter manufacturer will be integrated into Walter-Tools co.ltd .
Valenite is the
world famous carbide cutter supplier, it is famous for their
special cutter and professional technology to help customer to solve the
complex problems.
Valenite found
in 1943 and it is known as the father of auto engine parts
machining. heir Non-standard cutter department is the pioneer of
design & manufacture special cutting tools, which has the 66 years
experiences on auto parts cutting tools .It has about hundreds patent
includes straight-line boring cutter, cylinder hole boring tool
with automatic compensation and so on. Especially for the sliding &
automatic compensation special cutter, it has the mature and
reliable technology. Many of the auto manufacturer has adopt this
technology and also significantly contributed to the overall
level of development of processing automotive industry .
On The 20th
century,90's,Valenite together with the annexation by the United
States Cincinnati,(Germany Widia) , established the Widia- Valenite
Inc. From that time, with the advanced cutter technology, Valenite’s
indexable technical level has been considerable progress.
However,due to its controlling shareholder investment direction
adjustment Valenite and the Widia has been split again in 2002 were
soldto Sandvik Group and Kennametal group.
After entering
the Sandvik Group, Valenite belongs to Sandvik Tools Division
(SandvikTooling),and Sandvik Coromant, Walter and other people that
make up the department responsible for providing metal cutting
solutions to several key members. In 2004, Valenite cutting tool
with the French company established SAFETY merge its product line
can be further expanded to provide metric / inch standard products
and a variety of complex and non-standard tools, while also
expanding the scope of product applications. Its traditional strengths
in automotive manufacturing industries, in aviation and aerospace,
rail transportation, energy, general machinery, medical
equipment and other industries has been widely used.
The Walter is
also a famous German cutter company, which was inaugurated on time,
even as early as 1919 . Peter was the founder Walter • Walter
independently invented almost simultaneously with the Widia tungsten
carbide cobalt-class only in the later patent disputes through mediation
by the Krupp -Widia the company to obtain carbide patents, while
Walter is to obtain corresponding patents of metal cutting tools.
After World War
II, Walter has been a new development and the gradual
development and strengthening of its increasingly broad product
coverage. In 2001, Walter Holdings ended the family situation, family
control of all their shares will besold to the Sandvik Group,when
Walter's annual sales have reached 300 million Euros,the profit of 4
million Euros.
After entered into
Sandvik Tools Group, Walter canceled CNC grinder departments,
but through acquisitions, they established Reaming and superhard
cutting tool production department, also gradually absorbed the
Sandvik TITEX, Prototyp two departments which belongs to
Sandvik.Besides that, in 2008 replaced its corporate identity.
For the
absorption of Valenite, Walter's official press conference will
be held in Sep 25th, 2009 , we have the reason to believe that the
merger of the Walter should be able to expand its ability to serve
Chinese customers for the Chinese manufacturing industry the
take-off to make that they can make a contribution.
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