GKN anticipates continued growth for 2017

News
April 26, 2017

April 26, 2017

GKN plc has reported that overall the global engineering group achieved good organic sales growth in the first quarter 2017 (January – April), with the automotive market performing better than expected, as well as continuing to benefit from currency translation. Growth in aerospace has, however, been slightly slower than planned, the company stated.

“GKN delivered a good performance in the first quarter. The encouraging growth rate achieved to date may not be sustained as the year progresses and comparators get tougher, nevertheless, we expect 2017 to be another year of growth,” stated Nigel Stein, GKN’s Chief Executive.

The company stated that its trading margin has moved ahead of the previous year’s, although GKN Driveline and GKN Aerospace have seen some impact from the increased cost of raw materials. GKN Aerospace is tracking in-line with the company’s plans, with an operating cash-flow similar to the equivalent period in 2016.

GKN Powder Metallurgy has seen organic sales growth in line with global auto production rates and has also benefited from currency translation. Its growth includes the direct pass through of higher raw material prices, which have also reduced margins slightly. Earlier this year, GKN Powder Metallurgy announced its plan to acquire Tozmetal Ticaret Ve Sanayi AS (Tozmetal), a Turkish sinter metal component manufacture. Tozmetal reported sales of 24 million in 2016.

www.gkn.com

News
April 26, 2017

In the latest issue of PM Review…

Download PDF

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

  • Collaboration drives success for PM: New Hyundai Motor applications developed with Korea Sintered Metal Co. and Höganäs AB
  • PowderMet2024 and AMPM2024 report: Cemented Carbides brought into focus in Pittsburgh
  • Powder Metallurgy shines in the MPIF’s 2024 Design Excellence Awards competition
  • PowderMet2024: The state of the Powder Metallurgy industry in North America
  • The wire that makes the powder: TGTi’s development of titanium wire feedstock for plasma atomisation

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