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Cummins Revises 2019 Outlook
Cummins Inc. reported record sales in the second quarter of 2019, but added that it expected the year to end up flat compared to 2018. “We achieved record revenues, EBITDA, and operating cash flow in the first half of 2019,... Read more
Industry › Industry a necessary evil?
Industry can be both magnificent and awful. While it can transform lives, create jobs and churn out vital products, we are becoming increasingly aware of the pollution and destruction that it leaves in its wake. Moreover technological and digital innovation... Read more
Metal+ Metallurgy Thailand will make its debut on September 18-20, 2019, Bangkok! Metal+Metallurgy Thailand 2019 is sponsored by China Foundry Association, co-sponsored by Metallurgical Council of CCPIT, Industrial Furnace Institution of CMES, Thai Foundry Association and Thailand Convention & Exhibition... Read more
Entire Masterbatches and Pigments to be disposed, reclassified to discontinued operations Sales from continuing operations grew by 4 % in local currency to CHF 2.229 billion Continuing operations EBITDA before exceptional items softened by 2 % in Swiss francs to... Read more
Aluminum › Completion of the construction of a 120,000-tonne cast house at the Boguchansky smelter imminent
The alloys that will be produced at the new cast house will serve clients from the automotive industry. According to the IHS Markit research, the global automotive production will grow to 110 mln cars by 2025, adding 15 mln cars... Read more
LOWER GROWTH RATES, GEOPOLITICAL DISTURBANCES AND RISKS Dr. Heinz-Jürgen Büchner, Managing Director of Industrials & Automotive, is responsible for the metal industry and responsible for various analyzes of IKB Deutsche Industriebank. The PhD economist is a profound expert on the... Read more
Foundry › GIFA PHOTO GALLERY
For GIFA, part of the GMTN in Düsseldorf, thousands of experts from all over the world met again in 2019. As always, long-standing friendships were celebrated and new contacts were made. Like the Olympic Games, the GIFA takes place only... Read more
GIFA, METEC, THERMPROCESS & NEWCAST stimulate investments More professional visitors from overseas This trade fair quartet drives the Industry 4.0 and additive manufacturing trends forward After five eventful days at the trade fair, the Bright World of Metals concluded successfully... Read more
Automotive › JCB Invests Further In Brazil
JCB has announced a $25 million investment in its Brazilian operations. Sorocaba, São Paulo has been the home to JCB’s Brazilian production operations since 2001. In 2012 the company invested $100 million in a new factory in the city, which... Read more
Industry › Tenova Sells HTC Group
Tenova, a company of the Techint Group, concluded the selling process of the HTC Group, which includes IVA Schmetz (Germany), Mahler (Germany), Fours Industriels B.M.I. (France) and IVA Schmetz Industrial Furnaces (China). All four companies specialize in advanced technologies for... Read more