PMG acquires China’s Yangzhou Leader Powder Metallurgy

January 6, 2022

Leader produces a range of automotive components including PM shock absorber piston parts (Courtesy Yangzhou Leader Powder Metallurgy)

Powder Metallurgy parts maker PMG Group, headquartered in Füssen, Germany, has acquired Chinese automotive supplier Yangzhou Leader Powder Metallurgy Co, Ltd, (Leader), headquartered in Jiangsu, China. Founded in 1997, Leader currently has around 250 employees and specialises in the production of Powder Metallurgy shock absorber components.

“With the acquisition of Leader, we are systematically continuing our strategic realignment,” stated Dr Marius Gutes, CEO of PMG. “Leader is an effective addition to our production portfolio in the dynamic Chinese market. Our joint customers in China in particular will benefit from this acquisition.”

Prior to this addition, PMG had eight production sites throughout Europe, the United States, and one location in Shanghai, China. The purchase was made as part of the company’s strategic growth plan, which is expected to lie in Powder Metallurgy components for the automotive sector and beyond. By offering localised, custom solutions the company anticipates an increase in its value to customers.

PMG will gradually add Leader to its shock absorbers business unit, with Leader remaining a separate production unit under its current management, though supported by PMG’s investments and technological innovations. Through this effort, the company aims to make Leader the biggest local Chinese PM shock absorber supplier. During the integration, the two companies will honour all of Leader’s existing supply contracts.

“We are looking forward to advancing the development and production of powder metal components under the PMG umbrella even more successfully than before,” stated Ge, CEO at Leader. “PMG is going to make Leader’s dream of becoming the best and biggest shock absorber supplier in China possible.”

Dr Gutes concluded, “Our success is based, first and foremost, on people – the employees in our companies. This is true for both PMG and Leader. Our claim ‘Passion drives us’ stands for our passion for entrepreneurial success, for best solutions for our clients, for stable partnerships with our business partners, for motivated teams, and for attractive jobs. Leader is a very good example of entrepreneurial spirit. Therefore, and with this in mind, we warmly welcome our new colleagues from Leader to the PMG family!”

www.pmgsinter.com

In the latest issue of PM Review…

Download PDF

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

  • Burgess-Norton and Amsted Automotive: How a legacy automotive supplier is growing with, not despite, electrification
  • Meeting sustainability demands in PM: High-temperature sintering of nickel- and copper-free powder mixtures for low alloyed PM parts
  • World PM2022: An overview of the status and trends in the global PM industry
  • A novel approach for the production of metal powders with tailored chemical compositions: Amazemet’s rePowder
  • Productivity, flexibility, reliability: SACMI’s new press technologies for the changing PM industry
  • Understanding the thermal properties of metal powders: Characterisation of powders using the Hot Disk technique
  • World PM2022: Views on the potential of Field Assisted Sintering for advanced materials

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

From the industry…

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
Download PDF
Share via
Copy link