2006 News Archive
June 2006
Press
sales up 31% as Dieffenbacher seeks better 2006
German press builder Dieffenbacher's overall 2005 sales rose by more than 31 per cent compared to the previous year, to e232 million.
Press
sales up 31% as Dieffenbacher seeks better 2006German press builder Dieffenbacher's overall 2005 sales rose by more than 31 per cent compared to the previous year, to e232 million.
Paradigm
shifted as Falcon swoopsFalcon Diversified Manufacturing, Inc., has purchased the company and assets of PM parts maker Paradigm Sintered Products, of Battle Creek, Michigan.
Hawk
recordHawk Corporation based in Cleveland, Ohio announced record 2005 sales of $265.4 million and income of $15.4 million, a 19.4 percent decrease from 2004.
Strategic
alliance for ferroalloy powdersHascor International Group of Tampico, Mexico, and Shieldalloy Metallurgical Corp.of Newfield, New Jersey, have formed an alliance to supply ferroalloy powders for the wear plate, welding electrode, and PM markets in the United States and Canada.
ISO
for NSANational Sintered Alloys of Clinton, Connecticut, has earned ISO 9001:2000 certification from the SRI Quality System Registrar, based in Wexford, Pennsylvania.
Ecka
grows in China and BrazilBavarian-based Ecka Granules signalled new developments in China and Brazil with a joint venture in China to produce copper powders and a strategically placed new office in Sao Paulo.
Miba
figures up in tight yearAustrian PM parts maker Miba AG, based in Laakirchen reported fiscal year 2005/2006 sales of €347 million, a 6 per cent increase over the previous fiscal year.
Höganäs
takes SEK65m tax hit in BrazilHöganäs has been hit with a tax bill equivalent to SEK 16 million in Brazil over the import of machinery and expects to receive further claims from the government that are expected to total nearly SEK 50 million more.
Warren
Hunt to head TMSWarren Hunt of Export, Pennsylvania has been elected as executive director of The Minerals, Metals & Materials Society (TMS) and takes over next month.
Plus
for PlexusUS powder forging experts Metaldyne has selected Plexus Systems of Auburn Hills, Michigan, to manage tooling operations at its Ridgway, Pennsylvania, powder-forged connecting rod plant.
Private
equity takes on Cloyes GearsKPS Special Situations Funds (KPS), New York, N.Y., a private equity firm, has acquired a controlling interest in Cloyes Gear and Products, of Fort. Smith, Arkansas.
SMS
opens new shop in ChinaSMS Demag Metallurgical Equipment Shanghai has opened a new workshop in Fengxian, China.
MPIF
releases new standardsThe Metal Powder Industries Federation (MPIF) has released two new standardised materials, recently balloted and approved by corporate voting members.
March 2006
nco
banks $1bn as record earnings rocket 35 per centCANADIAN nickel major Inco established new all-time records for total annual revenue, net earnings, and average annual realised price for nickel in 2005. The company's net earnings for 2005 in accordance with Canadian generally accepted accounting principles were $836 million, compared with $619 million for 2004, a rise of 35 per cent.
February 2007
GKN
Sinter to axe four US and UK plantsGKN Sinter Metals is to close three plants in the United States and one in the UK this year in an attempt to consolidate in the face of worsening business conditions. The move will affect nearly 300 jobs - approximately 10 per cent of the company's US workforce. Adding in the 175 job losses in the UK, the number of jobs affected represents around 7 per cent of the company's world wide workforce of about 6500 employees.
Ecka
takes BSA in fire sale move to extend rangeNon-ferrous powder maker Ecka Granules based in Essen, Germany, has acquired the Birmingham, UK, powder operation of BSA Metal Powders in abankruptcy sale completed in the closing days of December, 2005. The move has come as a great relief for the 30 employees whose future had been in the balance for three months.
Delphi
puts the $1bn bang in bankruptChapter 11 auto parts supplier Delphi Corporation disclosed last month that it lost more than $1.1 billion in December. Delphi, a former General Motors (GM) subsidiary that filed for bankruptcy in early October, is required to file monthly financial reports with the US Bankruptcy Court.
News Archive...
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