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Compound Die - A die designed to simultaneously perform more than one operation with each stroke of the press. For example, a compound die may blank and pierce in a single stroke.
whereas
Progressive Die - A die containing a series of stations that perform one press operation after another in series. A progressive die gradually forms a part as it moves through the die, and the last operation separates the part.
(Answered by Ravjinder Singh, Dpty.Mgr.- Ashokleyland Ltd.)
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