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Kennametal wins Bosch supplier award
NEWS
Metal Powder Report Volume 70, Number 6 November/December 2015
sustained level of excellence in customer satisfaction over a period of time, while also meeting agreed requirements in quality, productivity and service. GKN Sinter Metals reportedly has a share of more than 45% of the powder metallurgy market in India. Ford is its largest customer and since 2005 the Pimpri Sinter Metals plant has supplied Ford with conventional powder metal components such as pulleys and sensor rings that are predominantly integrated into engine systems. NEWS
GKN Sinter sintermetals
Metals;
www.gkn.com/
Prafulla Diwan, sales director India and ASEAN, and Sambit Praharaj, QA/HSE Director India, formally accept the Q1 certification on behalf of the Pimpri team.
Carpenter changes director voting rules Carpenter Technology has amended the company’s by-laws to adopt a majority vote standard for uncontested director elections. ‘The board’s decision to adopt a majority voting standard demonstrates the company’s strong commitment to a sound governance framework,’ said Gregory Pratt, Carpenter’s chairman of the board. ‘We
heard from our shareholders that they consider majority voting a priority. We reviewed our voting standards and concluded that adoption of majority voting is in the best interests of Carpenter and its shareholders.’ Carpenter’s board of directors also appointed the company’s first chief
governance officer, James D Dee, who currently serves as vice president, general counsel and secretary. ‘Our board and our management team wanted to make it easier for shareholders to communicate with us about governance, compensation and corporate responsibility issues,’ said Pratt. Carpenter Technology; www.cartech.com
Berkshire Hathaway buys Precision Castparts in billion dollar deal Berkshire Hathaway is to acquire PM component manufacturer Precision Castparts Corp (PCC) for around US$37.2 billion. ‘I’ve admired PCC’s operation for a long time,’ said Warren E. Buffett, Berkshire Hathaway chairman and CEO. ‘For good reasons, it is the supplier of choice for the world’s aerospace industry, one of the largest sources of American exports. Berkshire’s board of directors is proud that PCC will be joining Berkshire.’
‘We are very pleased to be joining forces with Berkshire Hathaway,’ said Mark Donegan, PCC’s chairman and CEO. ‘We see a unique alignment between Warren’s management and investment philosophy and how we manage PCC for the long-term. We believe that as part of Berkshire Hathaway, PCC will be exceptionally well-positioned to support our customers’ needs into the future.’ PCC makes airframe components and fasteners for aerospace applications, and airfoil castings for the aerospace and
industrial gas turbine markets. PCC is also a leading producer of titanium and nickel superalloy melted and mill products for the aerospace, chemical processing, oil and gas, and pollution control industries, and manufactures extruded seamless pipe, fittings, and forgings for power generation and oil and gas applications. It will continue to do business around the world under the Precision Castparts name and maintain its headquarters in Portland, Oregon. Precision Castparts Corp; www.precast.com
Kennametal wins Bosch supplier award Kennametal Inc has been awarded the Bosch Global Supplier Award 2015 from Robert Bosch GmbH. The biannual award recognizes performance in the manufacture and supply of products or services in the
280
areas of quality, costs, logistics and innovations. Kennametal was among 58 suppliers out of 35,000 that Bosch presented with the award.
‘It is an honor to be recognized by Bosch as the only tooling manufacturer to receive their Global Supplier Award,’ said Don Nolan, Kennametal president and CEO. Kennametal; www.kennametal.com
Metal Powder Report Volume 70, Number 6 November/December 2015
sustained level of excellence in customer satisfaction over a period of time, while also meeting agreed requirements in quality, productivity and service. GKN Sinter Metals reportedly has a share of more than 45% of the powder metallurgy market in India. Ford is its largest customer and since 2005 the Pimpri Sinter Metals plant has supplied Ford with conventional powder metal components such as pulleys and sensor rings that are predominantly integrated into engine systems. NEWS
GKN Sinter sintermetals
Metals;
www.gkn.com/
Prafulla Diwan, sales director India and ASEAN, and Sambit Praharaj, QA/HSE Director India, formally accept the Q1 certification on behalf of the Pimpri team.
Carpenter changes director voting rules Carpenter Technology has amended the company’s by-laws to adopt a majority vote standard for uncontested director elections. ‘The board’s decision to adopt a majority voting standard demonstrates the company’s strong commitment to a sound governance framework,’ said Gregory Pratt, Carpenter’s chairman of the board. ‘We
heard from our shareholders that they consider majority voting a priority. We reviewed our voting standards and concluded that adoption of majority voting is in the best interests of Carpenter and its shareholders.’ Carpenter’s board of directors also appointed the company’s first chief
governance officer, James D Dee, who currently serves as vice president, general counsel and secretary. ‘Our board and our management team wanted to make it easier for shareholders to communicate with us about governance, compensation and corporate responsibility issues,’ said Pratt. Carpenter Technology; www.cartech.com
Berkshire Hathaway buys Precision Castparts in billion dollar deal Berkshire Hathaway is to acquire PM component manufacturer Precision Castparts Corp (PCC) for around US$37.2 billion. ‘I’ve admired PCC’s operation for a long time,’ said Warren E. Buffett, Berkshire Hathaway chairman and CEO. ‘For good reasons, it is the supplier of choice for the world’s aerospace industry, one of the largest sources of American exports. Berkshire’s board of directors is proud that PCC will be joining Berkshire.’
‘We are very pleased to be joining forces with Berkshire Hathaway,’ said Mark Donegan, PCC’s chairman and CEO. ‘We see a unique alignment between Warren’s management and investment philosophy and how we manage PCC for the long-term. We believe that as part of Berkshire Hathaway, PCC will be exceptionally well-positioned to support our customers’ needs into the future.’ PCC makes airframe components and fasteners for aerospace applications, and airfoil castings for the aerospace and
industrial gas turbine markets. PCC is also a leading producer of titanium and nickel superalloy melted and mill products for the aerospace, chemical processing, oil and gas, and pollution control industries, and manufactures extruded seamless pipe, fittings, and forgings for power generation and oil and gas applications. It will continue to do business around the world under the Precision Castparts name and maintain its headquarters in Portland, Oregon. Precision Castparts Corp; www.precast.com
Kennametal wins Bosch supplier award Kennametal Inc has been awarded the Bosch Global Supplier Award 2015 from Robert Bosch GmbH. The biannual award recognizes performance in the manufacture and supply of products or services in the
280
areas of quality, costs, logistics and innovations. Kennametal was among 58 suppliers out of 35,000 that Bosch presented with the award.
‘It is an honor to be recognized by Bosch as the only tooling manufacturer to receive their Global Supplier Award,’ said Don Nolan, Kennametal president and CEO. Kennametal; www.kennametal.com