Sandvik to Acquire Metso Powdermet AB.STOCKHOLM, Sweden -- Sandvik has reached an agreement with the Finnish Metso Oy Group covering the acquisition of Metso Powdermet AB. The acquisition is expected to be completed prior to the end of 2006. Metso Powdermet AB is world leading in powder metallurgy powder metallurgy Fabrication of metal objects from a powder rather than casting from molten metal or forging at softening temperatures. In some cases the powder method is more economical, as in making metal parts such as gears for small machines, in which casting would components manufactured through so-called hot isostatic pressing Hot isostatic pressing (HIP) is a manufacturing process used to reduce the porosity of metals and influence the density of many ceramic materials. This improves the mechanical properties , workability and ceramic density. (HIP-technology) into near net shape. The company develops and delivers customized components in high-alloyed steels as well as nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. and cobalt Cobalt, town, Canada Cobalt (kō`bôlt), town (1991 pop. 1,470), E Ont., Canada, NE of Sudbury, near Lake Timiskaming. Once a center for cobalt and silver mining, the area is now economically depressed. based alloys. Customers today are primarily in the offshore and energy sectors. Metso Powdermet posted sales of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 90 M during the past fiscal year, with an operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: of 18%, and have 13 employees. The company has operations in Surahammar, Sweden. Sandvik Materials Technology's previous operations in the field of powder technology include production of powder-based billets at its plant in Surahammar and high-alloy powder in Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. , UK. Through acquisition of Metso Powdermet AB, Sandvik Materials Technology will strengthen its position in the strategically important oil and gas, energy and medical-technology segments. "Today, Sandvik Materials Technology has leading-edge expertise in materials technology and powder production. The acquisition provides access to the complementary expertise required to capture a significant position with regard to applications development and component production of powder-based products pressed to near net shape," says Peter Gossas, President of Sandvik Materials Technology. Sandviken, 23 November 2006 Sandvik AB; (publ) Sandvik is a global industrial group with advanced products and world-leading positions in selected areas - tools for metal cutting, machinery and tools for rock excavation excavation In archaeology, the exposure, recording, and recovery of buried material remains. The techniques employed vary by the type of site, but all forms of archaeological excavation require great skill and careful preparation. , stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems and sorting systems. The Group has 39,000 employees in 130 countries, with annual sales of approximately SEK 63,000 M. Sandvik Materials Technology is a business area within the Sandvik Group and a world-leading manufacturer of advanced alloys and ceramic materials. The business area delivers innovative products and system solutions to a broad range of industries with high demands on security, performance and productivity. Annual sales are about SEK 17,000 M with 8,400 employees. The product areas comprises Tube, Strip, Wire, Kanthal and Process Systems. This information was brought to you by Waymaker http://www.waymaker.net |
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