GKN reports record 2012 profits, Hoeganaes powder shipments up 9%

News
February 27, 2013

February 27, 2013

GKN plc has reported full year results for 2012, highlighting a group sales increase of 13% to £6,904 million and trading profit increase of 19% to £557 million. The GKN Powder Metallurgy division reported sales of £874 million, up 3% on 2011 figures, with profit up 21% to £87 million, providing a trading margin of 10%.

“2012 was another strong year for GKN with record profits in all four divisions,” stated Nigel Stein, Chief Executive, GKN plc. “The Group has continued to make good progress financially and in implementing our strategy to build a market-leading global business, with excellent technology, a focus on operational excellence and above-market growth.”

GKN Powder Metallurgy is the world’s largest manufacturer of sintered components. GKN Powder Metallurgy comprises of GKN Sinter Metals and Hoeganaes. Hoeganaes produces metal powder for GKN Sinter Metals and other customers.

Hoeganaes increased the number of tons of powder shipped by 9%, driven by strong automotive markets in North America. Organic sales for GKN Sinter Metals increased 10% in North America, due to strong automotive production, and 1% in Europe, where automotive production fell 5%. Strong growth was achieved in China and modest growth achieved in India and Brazil where vehicle markets were more volatile.

The company stated that during 2012 GKN Powder Metallurgy was awarded £120 million of annualised sales in new business. Its technology and quality was also recognised externally, receiving Design Excellence Awards for its variable valve timing rotor adapter assembly and a unitised one-way clutch module. In addition, four supplier quality excellence awards from General Motors (GM) Powertrain were received, placing GKN Sinter Metals within the top 2% of all GM Powertrain suppliers and in Europe it was awarded “Supplier of the year 2012” by INA Schaeffler.

www.gkn.com 

News
February 27, 2013

In the latest issue of PM Review…

Download PDF

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

  • Powder Metallurgy: Discover innovative technologies meeting the demands of vehicle electrification
  • Gevorkyan a.s.: Europe’s fast-growing Powder Metallurgy company achieving success through a diversified customer base
  • Powder Metallurgy in Asia: A status update from the World PM2024 Congress, Yokohama

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