In a brief statement on the website of its subsidiary, Hoeganaes Corporation, UK-based GKN plc has announced that its Powder Metallurgy division has agreed to form a joint venture with Bazhou Hongsheng Industrial Company Ltd., located in Bazhou City, Hebei Province, China.
Bazhou Hongsheng Industrial Company was established in 2009 and is a leading provider of atomised iron and steel PM materials in China.
This new venture plans to manufacture international grade ferrous powders and will be the first international grade powder producer in China. A Chinese merger-control review application has been filed and other necessary approvals are being sought.
Hoeganaes corporation has also expanded its range of metal powders with the introduction of advanced gas atomised powders for the Additive Manufacturing (AM), Metal Injection Moulding (MIM) and Hot Isostatic Pressing (HIP) industries. The first offering in this series includes AncorTi™ titanium powder, which is available in Ti6Al4V alloy and commercially pure grades.