The machine is a Hydraulic Ironworker Machine (also called a Hydraulic Punching, Shearing & Bending Machine).
It is a multi-function metal fabrication machine used to:
* Punch holes in steel plates, angle bars and other metal sections.
* Cut/shear metal plates, flat bars and angle iron.
* Bend metal into different angles and shapes.
* Notch metal for fabrication and fitting work.
So instead of buying separate machines for punching, cutting and bending, an ironworker combines several of these functions in one hydraulic machine.