Allegheny (ATI) Divests Titanium Investment Castings Business (US)

PITTSBURGH-Allegheny Technologies Incorporated (NYSE: ATI) today announced it has reached a definitive agreement to sell its Cast Products business to Consolidated Precision Products Corp. (CPP) of Cleveland, OH. CPP operates 16 global facilities manufacturing products primarily for the aerospace, defense and industrial industries and is a portfolio company of Warburg Pincus, a leading global private equity firm. The transaction, subject to customary regulatory approvals, is expected to close in the early part of the third quarter 2019. The ATI Cast Products business unit is part of the High Performance Materials & Components (HPMC) segment. It producesContinue reading

ATI to sell plants in Indiana, Kentucky for $37M (US)

Allegheny Technologies has agreed to sell two non-core forging facilities for $37 million in cash, according to a release from the company. The facilities, which are located in Portland, Indiana and Lebanon, Kentucky, are part of ATI’s High Performance Materials and Components (HPMC) segment. They use traditional forging methods to produce carbon steel forged products for use in oil and gas, transportation, construction and mining industries. Sales

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Sintavia Announces Joint Venture with Howco Group (US)

Brian Neff, Sintavia’s Founder and CEO and David Preston, Executive Vice President at Howco Group, sign a term sheet to form a joint venture in support of the development of additive manufacturing within the Oil & Gas industry

May 21, 2019– Sintavia, LLC, the leading Tier One metal additive manufacturer for the Aerospace & Defense industry, announced today that it had signed a term sheet to form a joint venture with Howco Group in support of the development of additive manufacturing within the Oil & Gas industry. The joint venture would be branded under the Howco Group name and be co-located at Howco’s North American headquarters in Houston, Texas. It is expected that the joint venture will commence operations later this year.  Brian Neff, Sintavia’s Founder and CEO Continue reading

Carlyle to Acquire Forgital, an Italian company producing large forged and machined components for Aerospace (US)

Thu, 30 May 2019- Global investment firm The Carlyle Group (NASDAQ: CG) today announced it has reached an agreement to acquire the entire shareholding in Forgital, a manufacturing company producing large forged and machined components for use in the aerospace and industrial industries, controlled by members of founding Spezzapria family

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Universal Alloys Corporation To Build in Vietnam The First Aerospace Components Factory (US)

The construction of Vietnam’s first aerospace component factory in Da Nang city begins on March 29. 

The Universal Alloys Corporation ASIA PTE., LTD (UAC) and the People’s Committee of the central city of Da Nang on March 29 started the construction of an aerospace component factory in the city. The Sunshine factory, the first of its kind in Vietnam, has a registered investment of 170 million USD and aims to produce and install aerospace components from aluminum alloys and composite in service of the industry. It will turn out about 4,000 out of the 5 million aircraft components, all for export. The factory is scheduled to achieve an export value of 25 million USD inContinue reading

Arconic To Split Into Two Separate Companies (US)

Aluminum-parts manufacturer Arconic Inc. said it plans to spin off one of its two main business units after rejecting a $10 billion offer for the entire company and abruptly replacing its chief executive. Arconic on Friday didn’t say whether it would aim to divest the aluminum-sheet rolling or aerospace-components unit. The company said smaller businesses that don’t fit into either unit would be sold. “We did not receive a proposal for a full-company transaction Continue reading

Otto Fuchs to acquire a new 30,000 MT closed-die forging press for aircraft landing gear, engine discs and structural parts (US)

Schuler supplies closed-die forging press for the manufacture of aircraft landing gear, engine discs and structural parts, among other things

Otto Fuchs KG, based in Meinerzhagen, manufactures high-quality forged pieces, extruded products and rolled rings for the aerospace, automotive, construction and industrial technology industries worldwide. The products made of aluminum, magnesium, titanium and nickel alloys are used wherever safety, weight, reliability and durability are important. This isContinue reading

Former U.S Navy SEAL officer and Blackwater founder launches fund to invest in electric car battery metals (US)

Erik Prince, the founder of controversial U.S. private security firm Blackwater and an informal campaign adviser to President Donald Trump, is looking to raise as much as $500m to invest in metals used in the batteries that power electric cars.

Blackwater founder Erik Prince aims to raise as much as $500 million to invest in metals needed for making the batteries that power electric vehicles (EVs), the Financial Times reports. Prince, who besides starting the controversial private security company is known for have been an informal campaign adviser to US President Donald Trump, said the fund will bring unexplored deposits into production and then sell them to large miners after four to five years. The fund will focus mainly on cobalt, copper and lithium assets located mainly inContinue reading

Ascoval Saint-Saulve : Altifort a bouclé son offre de reprise (FR)

Altifort a déposé son offre en fin d’après-midi au tribunal de grande instance (TGI) de Strasbourg, a dit son directeur général Bart Gruyaert. La chambre commerciale du TGI statuera mercredi prochain sur le sort d’Ascoval, actuellement en redressement judiciaire. L’offre inclut un concours financier de 25 millions d’euros de l’État, qui était le dernier élément en suspens pour la finaliser, a précisé M. Gruyaert. “Nous avons aussi les accords des autres financeurs“, banques et collectivités, a-t-il ajouté. Le dossier qui sera examiné par le TGI prévoit plus de 400 emploispour Ascoval : le maintien des 281 existants et la création de 133 autres grâce à laContinue reading

Lebronze alloys ou l’art de renforcer sa compétitivité (FR)

Lebronze alloys investit, en moyenne, 20 millions d’euros par an dans ses unités de production.

En dix ans, la PMI s’est muée, à force d’opérations de croissance externe, en une ETI dynamique dans le domaine du travail des métaux. C’est l’un des exemples emblématiques de réussite industrielle de la Marne. Le groupe, un temps candidat à la reprise des Ateliers des Janves, dans les Ardennes, avant de jeter l’éponge, a multiplié ces dernières années, les opérations de croissance externe. Son but ? Atteindre la taille critique nécessaire pour devenir un acteur de poids dans le domaine du travail des métaux. Une stratégie tirée des « leçons de la crise de 2008 », selon sonContinue reading