GKN reports positive start to 2011, powder metallurgy sales up 21%

News
April 12, 2011

April 12, 2011

PM part producer, GKN plc, has reported a positive start to the year, with sales for the group of £1,487 million in Q1, up 14% on last year. The Powder Metallurgy division’s first quarter sales increased 21% to £217 million, benefiting from good growth in North American automotive production and new programme launches in North America and Europe, stated the company.

The global engineering business that serves the automotive, aerospace and land systems markets, stated that market conditions in the first quarter had been broadly as expected, although the tragic events in Japan have had some impact on the automotive sector.

“GKN made good progress in the first quarter and I expect this to continue.  GKN has excellent new products and technologies which are aligned with our customers’ desire to have smaller, lighter and stronger components and systems, offering improved efficiency, lower fuel consumption and greater environmental benefits.  Our four divisions are well placed to achieve a period of sustainable growth and margin improvement.” stated Sir Kevin Smith, GKN plc’s Chief Executive. 

GKN plc has operations in more than 30 countries with around 40,000 employees in subsidiaries and joint ventures, and had sales of £5.4 billion in the year ended 31 December 2010.

www.gkn.com 

 

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

 

www.ipmd.net

News
April 12, 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:

  • 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