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Höganäs sees sales rise 5% for first nine months of 1999
Gasbarre Products acquires PTX-Pentronix MANUFACTURER of powder compacting and sizing presses Gasbarre Products, Inc, has acquired 100% of PTXshares of the Pentronix, Inc, effective from 1 November 1999. With the acquisition, PTX-Pentronix becomes the fourth company in the Gasbarre group, alongside the Press Division (DuBois, PA, USA), the Sinterite Furnace Division (St Marys, PA) and .the McKee Carbide Tool Division (Olanta, PA). Total sales for the expanded group now exceed US$30 million with 250 employees. PTX-Pentronix (Lincoln Park, MI, USA) was incorporated in 1966 and manufactures a complete line of high speed, high precision powder compacting presses and a line of robotic parts loaders. In addition, PTXPentronix has ownership shares in SIMAC Ltd of Rugby, UK, and distributes the SIMAC line of dry bag isostatic presses in North America. The PTX-Pentronix press designs have captured a large market share in the small tonnage ceramics market and the SIMAC isostatic press is strong in the
ceramics market as well. These are complementary to the Gasbarre mid and high tonnage press designs and strong market share in the powder metallurgy (PM) industry. The PTX-Pentronix acquisition is part of Gasbarre’s ongoing strategic plan to serve the PM and particulate materials industries with a complete range of equipment and services. Both companies serve the world market and their respective customers will benefit directly by the coordination of product lines and the resulting growth, says Gasbarre. PTX-Pentronix will be operated as a wholly-owned subsidiary of Gasbarre Products. John Wilson, currently president of the Sinterite Furnace Division will become president of PTX-Pentronix. Ray DeSantis, currently president of Pentronix, will stay on for a time as consultant. Steven K. Smith has been named to succeed John Wilson as president of the Sinterite Furnace Division. Gasbarre Products; tel: +l-814-371-3015; fax: +l814-371-6837.
Pacific Metals sells off metal powder operation ATMIX Corp, a subsidiary of Seiko Epson Co formed especially for the purpose, has taken over the marketing and manufacturing activities of the Metal Powder Section of Pacific Metals Co (Tokyo, Japan). The takeover was effective from 1 October 1999. Atmix, with its head office and plant in Hachinohe, Japan has been invested with a capital of Y5500 million (about US$54 million). The company has 80 personnel, taken from the former Pacific Metals operation, under the directorship of Yoshiyuki Kato, who was previously general manager. 4 MPR January 2000
The Pamco Powder trademark has been retained and it is expected that the entire stainless steel product range will continue to be manufactured and marketed by Atmix. Kato says the company is aiming at a sales volume of 2500 metric tonnes per year. United States Bronze (Fleming-ton, NJ) has acted as the North and South American agent for the range of Pamco MIM powders and it is thought that this arrangement will continue with Atmix. Atmix Corp; +81-l 78-732801; fax: 81-l 78-73-2810.
Hiiganls sees sales rise 5% for first nine months of 1999 FERROUS powder producer Hogan& AI3 has reported a sales turnover of SEK1735 million (about US$203 million) for the first nine months of 1999, up 5% from SEK1655 million for the same period in 1998. Sales volumes (excluding semifinished products) were up 7% compared with the same period last year. Net income reached SEK313 million for the nine-month period, a rise of 10% from SEK284 million for the comparable period of 1998. Shipments of powders for powder metallurgy (PM) applications were up ll%, with a 1% rise in Europe and a 4% rise in Japan. markets Other Asian showed a strong growth in volume of 25%, with a 55% increase in PM shipments to China. In other application areas, powder sales were down 5% for welding electrode manufacture, and down 4% for chemical and metallurgical applications,
compared to the same period of 1998. Shipments of powders for thermal coating, however, improved in the third quarter to give an overall 7% increase for the period. Investments during the first nine months amounted to SEKl20 million. Projects targeted include the new Astaloy CrM production plant and expansion of press-ready mix production capacity in Hoganas, expansion of iron powder production capacity in India, and expansion and improvement of the stainless steel powder production facility at Coldstream SA in Belgium. In other news, the company reports that its North American affiliate now has 12 employees, as of the end of September. While intensive market and product development activities continue, the company does not expect a breakthrough in sales until 2000. Hiigantis AB; tel: +46-42338000; fax: +46-42-338150.
Stackpole reports continued improvements in operating results for 1999 systems POWERTRAIN and components specialist Stackpole Ltd (Oakville, Canada) has seen sales for the three months ended 3 October 1999 of $63 600 000, an increase of 72% over the same period last year. The company notes that third quarter 1998 sales and operating results were negatively impacted by the General Motors strike. Looking at the first months of nine 1999 as a whole, sales have increased by 33% to $171077 000. Operating profit in the third quarter was $3 519 000 compared to a loss of $2 635 000 in the prior year, while net income was $1 313 000, compared to a loss of $2 192 000 in the third
quarter of 1998. Sam Parkhill, Stackpole’s chairman and CEO, comments that the growth in revenue in the third quarter resulted from the successful launch of the Stratford plant expansion, coupled with a production ramp-up at the Mississauga-based Automotive Gear Division on the GM 4T40 and 41‘65 transmission sprocket programmes. “From a net loss of $801 000 in the first quarter of this year, the company has combined higher revenue with gains in plant efficiency to produce quarter over quarter improvement in operating results”, Parkhill says. Stackpole Ltd; tel: +l905-829-2050; fax: +1-905829-0438.
ceramics market as well. These are complementary to the Gasbarre mid and high tonnage press designs and strong market share in the powder metallurgy (PM) industry. The PTX-Pentronix acquisition is part of Gasbarre’s ongoing strategic plan to serve the PM and particulate materials industries with a complete range of equipment and services. Both companies serve the world market and their respective customers will benefit directly by the coordination of product lines and the resulting growth, says Gasbarre. PTX-Pentronix will be operated as a wholly-owned subsidiary of Gasbarre Products. John Wilson, currently president of the Sinterite Furnace Division will become president of PTX-Pentronix. Ray DeSantis, currently president of Pentronix, will stay on for a time as consultant. Steven K. Smith has been named to succeed John Wilson as president of the Sinterite Furnace Division. Gasbarre Products; tel: +l-814-371-3015; fax: +l814-371-6837.
Pacific Metals sells off metal powder operation ATMIX Corp, a subsidiary of Seiko Epson Co formed especially for the purpose, has taken over the marketing and manufacturing activities of the Metal Powder Section of Pacific Metals Co (Tokyo, Japan). The takeover was effective from 1 October 1999. Atmix, with its head office and plant in Hachinohe, Japan has been invested with a capital of Y5500 million (about US$54 million). The company has 80 personnel, taken from the former Pacific Metals operation, under the directorship of Yoshiyuki Kato, who was previously general manager. 4 MPR January 2000
The Pamco Powder trademark has been retained and it is expected that the entire stainless steel product range will continue to be manufactured and marketed by Atmix. Kato says the company is aiming at a sales volume of 2500 metric tonnes per year. United States Bronze (Fleming-ton, NJ) has acted as the North and South American agent for the range of Pamco MIM powders and it is thought that this arrangement will continue with Atmix. Atmix Corp; +81-l 78-732801; fax: 81-l 78-73-2810.
Hiiganls sees sales rise 5% for first nine months of 1999 FERROUS powder producer Hogan& AI3 has reported a sales turnover of SEK1735 million (about US$203 million) for the first nine months of 1999, up 5% from SEK1655 million for the same period in 1998. Sales volumes (excluding semifinished products) were up 7% compared with the same period last year. Net income reached SEK313 million for the nine-month period, a rise of 10% from SEK284 million for the comparable period of 1998. Shipments of powders for powder metallurgy (PM) applications were up ll%, with a 1% rise in Europe and a 4% rise in Japan. markets Other Asian showed a strong growth in volume of 25%, with a 55% increase in PM shipments to China. In other application areas, powder sales were down 5% for welding electrode manufacture, and down 4% for chemical and metallurgical applications,
compared to the same period of 1998. Shipments of powders for thermal coating, however, improved in the third quarter to give an overall 7% increase for the period. Investments during the first nine months amounted to SEKl20 million. Projects targeted include the new Astaloy CrM production plant and expansion of press-ready mix production capacity in Hoganas, expansion of iron powder production capacity in India, and expansion and improvement of the stainless steel powder production facility at Coldstream SA in Belgium. In other news, the company reports that its North American affiliate now has 12 employees, as of the end of September. While intensive market and product development activities continue, the company does not expect a breakthrough in sales until 2000. Hiigantis AB; tel: +46-42338000; fax: +46-42-338150.
Stackpole reports continued improvements in operating results for 1999 systems POWERTRAIN and components specialist Stackpole Ltd (Oakville, Canada) has seen sales for the three months ended 3 October 1999 of $63 600 000, an increase of 72% over the same period last year. The company notes that third quarter 1998 sales and operating results were negatively impacted by the General Motors strike. Looking at the first months of nine 1999 as a whole, sales have increased by 33% to $171077 000. Operating profit in the third quarter was $3 519 000 compared to a loss of $2 635 000 in the prior year, while net income was $1 313 000, compared to a loss of $2 192 000 in the third
quarter of 1998. Sam Parkhill, Stackpole’s chairman and CEO, comments that the growth in revenue in the third quarter resulted from the successful launch of the Stratford plant expansion, coupled with a production ramp-up at the Mississauga-based Automotive Gear Division on the GM 4T40 and 41‘65 transmission sprocket programmes. “From a net loss of $801 000 in the first quarter of this year, the company has combined higher revenue with gains in plant efficiency to produce quarter over quarter improvement in operating results”, Parkhill says. Stackpole Ltd; tel: +l905-829-2050; fax: +1-905829-0438.