Bodycote recovers and reports rapid growth

February 28, 2011

February 28, 2011

Bodycote PLC, headquartered in the UK, has reported growth across all of its business divisions in its recently published 2010 results. The group reported a substantial recovery from its loss in 2009, with sales increasing by 14.8% to £499.8million (US$813m) and operating profit up to £51.2million (US$83.3m) from a £50.2million (US$81.6m) loss in 2009.

“2010 saw a notable and pleasing improvement in the performance of the Group. Better macro economic conditions were an important contributor to this and the underlying ability of the business to deliver consistently superior value has been strengthened considerably” stated Stephen Harris, Chief Executive of Bodycote PLC.

“Total revenue growth was well ahead of market improvement. The reorganisation of the Group into market focused divisions has enhanced revenue growth and careful targeting of capital investment has improved cash flow and return on capital” he added.  

HIP business up 70%

The Hot Isostatic Pressing Product Fabrication business unit (HIP PF) grew by 70%. The business operates from ‘centres of excellence’ in Germany, Sweden and the USA with much of the process development and computer modelling carried out in the UK and the USA. Notable work in 2010 included the largest yet single piece manifold for a sub-sea oil & gas application.

“Looking at 2011, it is anticipated that automotive and general industrial business will continue to grow at a reasonable pace. Aerospace, defence and energy demand has begun to recover, although within this the power generation segment remains soft.” added Harris, “In summary, the Board is confident that 2011 will be another year of growth for Bodycote, albeit at a less rapid rate than experienced in 2010.”

More information  

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

Published on

News, articles and a fully searchable directory for the powder metallurgy industry

February 28, 2011

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.


Browse the archive


Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link