Rotary die with adjustable blade segment

A pair of rotary die cylinders journalled for rotation in axially and circumferentially adjusted positions relative to one another and having first co-acting cutting blades fixed on the die cylinders and adapted to cut a web of material along a predetermined line of severance defining a closed figure and second co-acting cutting blades adapted to cut such web of material in an area within said line of severance, each of said die cylinders comprising a cylindrical body, a recess in one of said cylindrical bodies, a die segment receivable in said recess in said one cylindrical body, one of said second blades being carried by said die segment, means for guiding the adjustment of said die segment in said recess in at least one of the axially and circumferentially extending directions of said one cylindrical body, means supporting said die segment in said recess in said one cylindrical body in adjusted position with said one second cutting blade projecting radially outwardly, means for releasably securing said die segment in adjusted position in said recess, and means for shifting said die segment in said recess in said at least one of the axially and circumferentially extending direction when said securing means is released and preventing adjustment in any other directions.