GKN plc 2011 results: Powder Metallurgy group performs well

News
February 29, 2012

February 29, 2012

GKN’s 2011 results show that the UK based engineering giant achieved a 2% rise in profits, with group sales up £683 million (13%) to £6.1 billion, an underlying increase of 10%.

GKN’s Powder Metallurgy business achieved sales of £845 million, a rise of 13% on 2010. Around 75% of GKN’s Powder Metallurgy sales are to the automotive market, with the balance to other industrial customers.

Nigel Stein, Chief Executive, GKN plc, stated, “2011 was a year of good growth. GKN achieved a strong financial performance with all four divisions at or near record profits. Each division has leading technology and market positions and out-performed their respective markets, with a strong pipeline of new business. GKN Driveline and GKN Land Systems were further strengthened with the two highly complementary acquisitions of Getrag Driveline Products and Stromag.”

“Looking forward, GKN expects 2012 to be another year of good progress for the Group.”

In its outlook for the automotive sector, GKN cites external forecasts that suggest global light vehicle production should grow 5% with increases in Asia and North America but Europe down.

Against this background, GKN Driveline and GKN Powder Metallurgy are expected to show further improvement, although the rate of market outperformance will be lower than in 2011.

www.gkn.com 

Edited by: Paul Whittaker, Editor ipmd.net, [email protected]   

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

 

www.ipmd.net

News
February 29, 2012

In the latest issue of PM Review…

Download PDF

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

  • From powder modification to rejuvenation: Fluidised Bed Reactors in metal powder production and Additive Manufacturing
  • Retech: Enabling the atomisation of reactive and refractory alloys at substantially higher levels of productivity and lower cost
  • Sustainability in Powder Metallurgy: Highlights from the 41st Hagen Symposium
  • Innovations from Japan’s Powder Metallurgy industry: award winners highlight novel automotive and healthcare applications

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