Sheffield Forgemasters hail order book strength after £16.4m loss (US)

Sheffield Forgemasters has now revealed a pre-tax loss of £16.4m for the year ending 31 December 2017, compared to a £900,000 loss the year before. This was the result of decision to accelerate the depreciation of the asset base of the company. Prior to this accounting change, the company recorded a pre-tax profit of £200,000 on revenue of £76.1m, up 4 per cent on the previous year.

The new executive team at Sheffield Forgemasters International has said that the engineering giant’s “buoyant order book” puts it in a position to achieve stronger levels of profitability in the future. However, an accounting change has resulted in a £16m pre-tax loss in its latest set of accounts. David Bond became the new chief executive in August 2018, succeeding Dr Graham Honeyman, who stepped down from the board in July. Bond has been joined by SteveContinue reading

Ellwood Group Pumps $200M into Operations (US)

The $60 million expansion at Ellwood Quality Steels in New Castle will house the company’s new remelt operations.

ELLWOOD CITY, Pa. – With all of its complexities, diverse business subsidiaries and integrated operations – plus tens of millions of dollars in new investment throughout the corporation – Ellwood Group Inc. remains at heart a down home family business, much like it was in when the company was founded here more than 100 years ago. In the years since, the company has expanded to 29 facilities across five states, Mexico and Canada and employs 2,000. But it has no intention of losing that tight-knit family approach, executives say. “I’m the fifth generation to work inContinue reading

Acciai Special Terni Profits To Reach €98 Million in 2018 (Italian)

(Credit Photo @ Viktor Mácha)

Sale da 87 a 98 milioni, nell’anno fiscale, l’utile di Acciai Speciali Terni. La produzione della controllata di ThyssenKrupp è salita oltre il milione di tonnellate, mentre lo spedito si attesta a 890mila tonnellate. Sono stati investiti 35,1 milioni. Il futuro è più complicato, anche a causa del peggioramento del quadro commerciale internazionale, innescato dai dazi di Trump a inizio estate. «Le condizioni sono peggiori rispetto a quando avevamo Continue reading

La volonté d’acier d’Altifort (FR)

Le patron d’Altifort, Bart Gruyaert, ici à PVI (ex-Pentair) à Ham, est le principal candidat au rachat de Ascoval.

Le groupe industriel Altifort, dont le siège est basé à Ham chez PVI (ex-Pentair) (Somme) est le premier candidat au rachat de Ascoval. Son patron Bart Gruyaert est ultra-motivé pour l’acquisition.

  • Le groupe Altifort a été créé en 2014.
  • Fin 2016, il rachète Pentair à Ham, usine baptisée Picardie Valves industries (PVI) le 1er janvier 2017.
  • Le site de la Somme devient le siège d’un groupe industriel à la croissance insolente.

’il a fixé le siège de son groupe dans la petite ville de Ham chez Picardie Valves Industries (PVI) en rachetant Pentair en 2017, il ne s’agit pas là de la coquetterie d’un industriel qui la jouerait modeste. «  C’est une reconnaissance au territoire et nous démontrons notre ancrage  », souligne le président d’Altifort, Bart Gruyaert. Le groupe franco-belge compte aujourd’hui près de 1 500 collaborateurs (dont 130 hors de France), répartis sur dix-huit sitesContinue reading

Uddeholms Opens Its New 3D Printing Metal Powder Facility (Swedish)

Under fredagen invigde Uddeholm sin senaste produktionsanläggning. En helt ny produkt ska tillverkas: ett pulver – som ska föra Uddeholm in i framtiden. Uddeholmsbolaget ska med skrot som råvara tillverka pulver till 3D-skrivare. Det är en produkt som ska föra det gamla anrika bolaget in i framtiden. Pulvret har en kornstorlek på 20-50 mikrometer (miljondels meter) och säljs för 1 000 kronor kilot. – Personligen tycker jag det här är den viktigaste Continue reading

Three more French nuclear reactors cleared in regulator ASN’s Creusot review (US)

French nuclear operator EDF has received clearance to restart three more reactors in the Creusot review, a spokeswoman for nuclear safety regulator ASN told S&P Global Platts Tuesday. This brings the number of reactors cleared to 49, leaving nine of the total 58 still awaiting clearance. The three reactors cleared since the last update on October 2 are Blayais-4, Gravelines-3 and Civeaux-1. The regulator launched a review into the documentation of manufacturing processes at the Creusot forge covering the entire French fleet last summer, with each reactor Continue reading

Future owner plans to increase Romanian steel plant’s capacity by one million tons (US)

British group Liberty House, the future owner of ArcelorMittal Galati, the biggest steel plant in Romania, plans to increase its production by 1 million tons by 2021/2022. The group also plans to invest in the primary and rolling facilities at the plant,Liberty House CEO Jon Bolton said in a meeting with deputy prime minister Viorel Stefan on Friday,October 26. The two officials also spoke about investments in education, research and design as well asContinue reading

Magellan becomes Aeromet A20X foundry licensee (US)

Magellan Aerospace (“Magellan”) and Aeromet International Ltd (“Aeromet”), have announced today that Magellan’s Haley, Ontario site has joined the global network of foundries licensed to manufacture cast parts using the advanced A20X™ aluminium alloy. Developed and patented by Aeromet in the UK, A20X™ is the world’s strongest aluminium casting alloy and is used in aerospace, defence, and space applications by major OEMs. Mike Continue reading

Taber Extrusions Announces New Extrusion Billet Casting Capacity (US)

Leading aluminum extruder Taber Extrusions announces the planned addition of 7”billet molds to their extrusion billet casting facility in Gulfport, MS. Taber’s addition of the 7” molds further enhances Taber’s existing offering of extruded aluminum billet products to Taber’s newly refurbished Gulfport Casthouse.

Taber Extrusions, LLC is announcing the planned addition of 7”billet molds to Taber’s existing extrusion billet casting facility in Gulfport, MS. Taber’s addition of the 7” molds further enhances Taber’s existing offering of extruded aluminum billet products to Taber’s newly refurbished Gulfport Casthouse. 7” extrusion log will be Continue reading

Wuxi Xingsheng Special Steel Co.,Ltd Announces Availability Of AISI Steel Portfolio (US)

From AISI 4140 steel to AISI 4340 steel and AISI 1045 steel, Wuxi Xingsheng Special Steel Co.,Ltd. supplies steel for forgings for many industries, including aerospace, agriculture, automotive, defense, oil and gas and others. AISI steel is known for its high impact resistance and superior heat treatment capabilities. Wuxi Xingsheng Special Steel Co.,Ltd maintains a significant portfolio of AISI steels with different specifications that have varied applications in different industries. Industrial clients can check their portfolio and can pick steels with custom specifications for different types of forgings. According to company spokesperson, customers can check their AISI 4140 steel, which is a low-alloy steel with only 1% Cr and Mo as the strengthening alloy elements. It has higher carbon content as compared with AISI 4130 steel and shows an excellent balance of strength and toughness. The spokesperson reveals

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