• MMS Youtube
  • MMS Facebook
  • MMS Linkedin
  • MMS Twitter
12/6/2018 | 1 MINUTE READ

Heimatec Transitions to Platinum Tooling Technologies

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Heimatec Inc. is combining with other tooling lines under a new corporation, Platinum Tooling Technologies Inc.

Share

Facebook Share Icon LinkedIn Share Icon Twitter Share Icon Share by EMail icon Print Icon

Heimatec Inc. (Prospect Heights, Illinois), a supplier of live tooling for the North American machine tool industry, has announced that it will combine with other tooling lines under a new corporation, Platinum Tooling Technologies Inc. Preben Hansen, Heimatec’s longtime president, will become the new corporation’s COO and reprise his role as president, holding a majority stake in its ownership.

According to Mr. Hansen, he had considered this move for some time, and after many discussions Heimatec GmbH, Tecnicrafts Industries and Henninger GmbH, the company decided to move forward with Platinum Tooling Technologies Inc.

“The new company will enable us to serve our existing and new market opportunities in a more proactive fashion,” says Mr. Hanson. “Nothing will change in our interaction with current customers, reps and distributors. We’ll be enhancing our capabilities, however, with more application engineering, service technicians and staff dedicated to the specific tooling lines we represent.”

The changes have already begun on all lines that will be represented by the new company, with recent facility expansions allowing higher numbers of staff and inventory. Other developments in the works, says Mr. Hansen, include additional personnel and sales representative firms as well as additional lines of machine tool accessories and related machine components.

Heimatec Inc. has added various other brand names to its roster over the years, most recently the very successful guide bushing and collet line from the global supplier Tecnicrafts Industries. Platinum Tooling will make a further investment to this line with extensive inventory and the purchase and installation of a grinding machine. Bringing this process in house is expected to improve delivery times and strengthen the company’s market position.

RELATED CONTENT

  • Machining Dry Is Worth A Try

    Reducing cutting fluid use offers the chance for considerable cost savings. Tool life may even improve.

  • Tips for Tapping Titanium Alloys

    Creating threaded holes in titanium alloys calls for proper techniques based on an understanding of both the properties of these materials and the peculiarities of the tapping process.

  • Tool Considerations for High Speed Cutting

    Fast CNC processing and high-pressure coolant contribute to removing metal at dramatic rates. But what should a shop know about cutting tools in high speed machining?

Related Topics

Resources

Thanks for considering a subscription to Modern Machine Shop. We’re sorry to see you go, but if you change your mind, we’d still love to have you as a reader. Just click here.