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 | American Axle Strike to Close Another GM Plant
(March 3 - morning update) - Looks
like the ongoing strike at American Axle has caused GM to close
(temporarily) their assembly plant in Morain, Ohio. The plant makes
TrailBlazers, GMC Envoys, Saab 9-7X and the Isuzu Ascender and employs
some 2,170 hourly workers. |  | We're Back!
(February 18 - morning update) - After
a nice week off to focus on other projects (sure would have been nice
to be in a warmer climate, but duty calls) we're back in the new
business this week. |  | AFC-HOLCROFT Names Director of European Operations
(February 18 - morning update) - You'd
be hard-pressed to find someone who doesn't know AFC-HOLCROFT and their
success in developing standard furnace products that they can deliver
around the world on very short notice - including a snazzy modular
endo-generator system. Well it looks like they've got a new guy - both
a metallurgist and engineer no less - to run Europe. Here's the PR: AFC-Holcroft,
one of the largest suppliers of industrial heat treating equipment in
the world, has named Marc Ruetsch as Director of European
Operations. Ruetsch will be responsible for all activity in
Europe, including Russia, from a branch office in Boncourt,
Switzerland. Ruetsch
holds degrees in both Metallurgy and Engineering and has 27 years of
experience in the heat treating industry. He is fluent in French,
German and English.
The
scale of opening a satellite office of a world-leading company is
nothing new for Ruetsch. In his previous post at another major
European industrial furnace company, he launched manufacturing support
in China, organized a network of technology agents across Europe and
Asia, and managed large customized projects from start to
finish. Throughout
his extensive industry experience he has been responsible for all
phases of the commercial cycle – beginning with inquiry, progressing to
site review, sales, commercial contracts, project management, and
after-sales support. His 18 years in Sales also included posts as
Managing Director and Director of Sales of a former technology licensee
of AFC-Holcroft. With
the U.S. dollar currently very weak against the Euro, the obvious
benefits of manufacturing equipment in North America and shipping to
Europe make the timing of a European support location “a logical step”
according to Ruetsch. Ruetsch
stated, “AFC-Holcroft is recognized worldwide as a leading manufacturer
of atmosphere heat-treatment furnaces. I will be able to support
the main office in Wixom, Michigan, by servicing customers in Europe,
as well as promoting our industrial furnaces with exceptional
price-performance ratio in various heat treatment processes.” As
part of this concept, AFC-Holcroft’s UBQ (Universal Batch Quench)
family of products has been re-engineered to minimize international
shipping expense, to maximize global flexibility. AFC-Holcroft
has more than 90 years of thermal processing experience. The
company manufactures turnkey heat treating systems for applications
including commercial heat treating, automotive, aerospace, tool and
die, foundry and forging, gear manufacturing, fastener manufacturing,
and the wire and cable industry. AFC-Holcroft
is one of the world’s largest manufacturers of heat treating
furnaces. The company has a global reach, with organizations in
the United States, China, Argentina, Brazil, Australia, India, Mexico,
Italy, Spain, Romania and Japan, including manufacturing means in many
of these countries. For more information on AFC-Holcroft, contact Tim Josephs at (248) 668-4014. |  | New European Office for AFC-HOLCROFT
(February 18 - morning update) - Tied to our previous news item is news of AFC-HOLCROFT opening a new office in Europe: AFC-Holcroft,
one of the largest builders of industrial heat treating equipment in
the world, is proud to announce the official opening of a branch office
in Boncourt, Switzerland. The office will support sales and
replacement parts activity for the European region of the world,
including Russia. Currently, AFC-Holcroft has projects in
Russia, Romania, Spain and Italy. Marc
Ruetsch will be responsible for all European activity, operating
out of the new Swiss office. Ruetsch’s title is Director of
European Operations.
Ruetsch,
who holds degrees in both Metallurgy and Engineering, has held several
management positions for other large European heat treat equipment
suppliers throughout his 27 years in the heat treating industry.
He had worked with AFC-Holcroft previously as a technology licensee. William Disler, Vice President of Sales and Technology for AFC-Holcroft, explained the decision to open an office in Europe.
"The
European markets, as well as other regions of the world, are critical
to AFC-Holcroft to allow us to manage the peaks and valleys of our
business more efficiently. With the U.S. dollar currently very weak
against the Euro, the opportunity to manufacture equipment in North
America and ship it to Europe is very promising”. Disler
continued, “Our Boncourt office will serve as a beachhead not only to
support this current activity but to further expand and
penetrate the European marketplace with our products.
We will continue to make adjustments in our organization to support our
global activity as we expand our footprint around the world.”
Following
this economic trend, AFC-Holcroft recently finalized an important
agreement with a major European heat treater to supply North American
built batch equipment into several countries throughout
Europe over the next few years. In addition,
AFC-Holcroft’s UBQ (Universal Batch Quench) family of products has been
re-engineered to minimize international shipping expense, to maximize
global flexibility in the future.
AFC-Holcroft
has more than 90 years of thermal processing experience. The
company manufactures turnkey heat treating systems for applications
including commercial heat treating, automotive, aerospace, tool and
die, foundry and forging, gear manufacturing, fastener manufacturing,
and the wire and cable industry.
AFC-Holcroft
is one of the world’s largest manufacturers of heat treating
furnaces. The company has a global reach, with organizations in
the United States, China, Argentina, Brazil, Australia, India, Mexico,
Italy, Spain, Romania and Japan, including manufacturing means in many
of these countries.
For more information on AFC-Holcroft, contact Tim Josephs at (248) 668-4014.
|  | Ken Hinkley Report - Save This Man!
(February 18 - morning update) - Heat
Treat News has learned that Ken Hinkley long Heat Treat consultant has
taken up parasailing. Things must be slow in the consulting
business leaving him with too much free time. So if anyone needs
a good consultant please contact him before he hurts him self.
email: sklease@aol.com 
|  | ALD Technology Breaks 30 Million Euros Worth of Vacuum Carburizers
(February 6 - morning update) - No
doubt atmosphere carburizing is here to stay for many parts, but
there's no denying the fast rise of low-pressure carburizing around the
globe. Today's PR from ALD brings that point home as we learn that they
have made some rather substantial sales of their systems. Here's their
PR: ALD
Vacuum Technologies has developed important new heat treatment
processes and furnaces over recent years. These technologies
ideally achieve the latest requirements of industry via advanced levels
of modern manufacturing. Based on vacuum technology, these processes
comply with demands of today and address future process requirements,
bringing flexibility, improved product quality, increases in
efficiency, distortion control improvements and lower production costs.
The comfortable working atmosphere of our systems and the
environmentally friendly nature of the processes are additional
benefits of ALD’s technology. Following
the commercial launch in 2002/2003 and a fully successful
implementation of the pilot system at Wegener Haertereitechnik in
Homburg/Saar, Germany, a great many of our customers have been and are
continuing to be, convinced of the advantages of the process and
furnace technologies. The success of this furnace concept is based on a
modular design, which enables easy adaptation to a variety of processes
and products. In addition to the automotive industries like BMW,
Getrag or General Motors, the new process technology was also
effectually implemented in the Diesel injection and industrial
transmissions markets. Between the years 2003 and 2006, 20
furnace systems with more than 100 treatment chambers were installed
and commissioned.
In
2007, ALD has again increased its order intake significantly with 10
furnace systems including more than 50 treatment chambers. This
volume represents about 35 m € to high ranking customers like ZF
Saarbruecken and Getrag Untergruppenbach. Further orders were
closed with commercial heat treatment centers in Germany, The Far East
and Mexico. A significant number of letters of intent for
additional projects are supporting the growth well into 2008.
Since delivery and commissioning of the ordered furnaces will extend
over the next few years, ALD is now working to full capacity.
Orders placed with large producers of transmissions provide proof for
the acceptance of ALD’s latest heat treatment technology. With
its representative offices and subsidiaries as well as licensees in the
USA (ALD-Holcroft) and Japan (Daido), ALD is well positioned for sales
and services worldwide. Furthermore, ALD operates its own heat
treatment service centers in Germany, the USA and Mexico. Ongoing
research and development activities and the intense collaboration in
national and international development projects as well as the
technical expertise from our own centers are reinforcing ALD’s
leadership position in this specific world market.
Richard Seemann January 2008
ALD
Vacuum Technologies in Hanau, Germany, is the globally leading supplier
of process technologies, furnaces and services in the field of vacuum
metallurgy and vacuum heat treatment. With subsidiaries in the USA,
Japan, the UK, Russia, China, Poland and Mexico as well as more than 70
representative offices, ALD is a world-wide supplier to industries i.e.
power generation, environment, aviation, photo voltaic and automotive
suppliers.
For further information please contact:
ALD Vacuum Technologies GmbH Barbara Ahrens Sekretariat der Geschäftsführung Tel.: +49.06181. 307-3107 Fax: +49.06181. 307-3320 barbara.ahrens(at)ald-vt.de
|  | CHS-Asia Earns ISO9001:2000 Status
(February 5 - morning update) - Big
news from David Pickup's and Randy Simmons' controls & furnaces
company, CHS-ASIA. Their team has been growing by leaps and bounds and
has achieved ISO9001 certification. Here's their PR: CHS-ASIA
(S) Pte Ltd. a Manufacturer and Supplier of Industrial Furnace
Equipment has reached a significant milestone and is proud to announce
that we are now certified to ISO 9001:2000 by DQS Certification
(www.dqs.de). The certification is accredited by the German
Accreditation Body, Deutscher Akkreditierungs Rat (DAR,
www.dar.bam.de).
The
certification of the effectiveness of our Quality Management System
recognizes that the policies, practices and procedures of our company
can ensure consistent quality in the equipment and services we provide
to our clients. With this certification, our clients can be confident
that CHS-ASIA is dedicated to maintaining the highest efficiency and
responsiveness in achieving our ultimate goal – guaranteed client
satisfaction.
CHS-ASIA is certified to ISO 9001:2000 for the following scope: 1.Design, Fabrication, Assembly, Installation and Commissioning of Industrial Furnaces & Associated Equipment 2.After Sales Service of Spare Parts, Servicing and Maintenance In
maintaining our Quality Management System, CHS-ASIA is committed to
conduct semi-annual audits to ensure compliance and to assess
initiatives for continued improvement. Our clients can be confident
that CHS-ASIA will continue to provide the high quality services they
have come to expect well into the future.
We
believe that our decision to become ISO 9001 certified is a proactive
one that not only anticipates the demands of our clients, but also
demonstrates our commitment to providing quality services to all our
clients. |  | Ever Treat an 11,000 Pound Weldment? Solar Just Did Two
(February 1 - morning update) - In the category of "a picture's worth a thousand words" we have the latest from Solar Atmospheres: 
And here's the story from Solar directly:
Solar Atmospheres, Souderton, PA,
recently heat treated two 4140 (chromium molybdenum) steel weldments,
each weighing 11,000 lbs. Using a 12 foot long horizontal loading
Solar Manufacturing furnace with a 50,000 lb. capacity, Solar
normalized and tempered the weldments to achieve specific yield
strength, while minimizing distortion, through controlled heating and
cooling.
The weldment dimensions were, 54 x 34 x
84 inches, with section thicknesses ranging from 2 to 6 inches. The
configuration required vacuum thermal processing in order to prevent
structural cracking. Critical to this goal, Solar strategically
placed six workload thermocouples in the various weldments sections.
Uniform heat up of the large part was accomplished with strategically
planned pre-heat steps, a uniform soak at temperature, and a
controlled 2 bar quench.
Tri Kris Fabrication, Lansdale, PA, was
very pleased with the heat treating and will process more weldments
of this type at Solar. The part is a component in a large tensile
testing machine that tests braided steel cable for shipbuilding
applications.
*
* *
Bob
Lacock Solar
Atmospheres, Marketing 800.347.3236
x 234 jenna@solaratm.com
|  | ThyssenKrupp Forging Purchased by Sona Group
(January 29 - evening update) - More
and more manufacturing companies are being snatched up lately. Today's
news comes from India's Sona Group, a large manufacturer of steering
systems, axle components and forgings for automotive applications. It turns out they've just purchased Praezisionsschmiede, ThyssenKrupp's
forging business, which has plants all over Germany and one in Selma,
North Carolina. An interesting note is that the sale, which closes any
day now, has an effective date of October 1, 2007.
|  | Chrysler Offering $100,000 Buyouts
(January 29 - evening update) - In
an effort to trim some 10,000 jobs by April, Chrysler LLC is offering
up buyout deals for up to $100,000. The offers are a combination of
lump-sum buyouts and early retirement packages. In all about 19,000
workers are being offered the buy-outs with Chrysler wanting 10,000 to
take it. Buyouts
are being proposed to workers at the Conner Assembly plant, the Detroit
Axle plant, the Mack Avenue Engine I and Engine II plants, Mt. Elliot
Tool & Dye, the Sterling Stamping plant, the Warren Stamping plant,
the Trenton Engine plant and the Sterling Heights test center. |  | Expansion at Overton Gear
(January 28 - morning update) - Overton
Gear Corp is a custom gear company servicing transportation,
construction and wind applications. Based in Addison, IL, Overton has
recently completed a 10,000 square-foot expansion of their heat
treating department. New
additions to the heat treat include two new carburizers and an 84-inch
quench press (probably one of the largest in the world). With the new
equipment, Overton can now handle gears up to 90 inches in diameter.
|  | Geek Ear-Wear Technology Put to Good Use
(January 25 - morning update) - Okay,
come on and confess...you've worn one of those little ear decorations
for talking on your cell phone without a wire, haven't you? Well,
believe it or not, all those earpieces worn in the world's
airports have resulted in something truly useful. Those
microphone/earphone devices are all based on a wireless technology
called Bluetooth and that technology is now being used to help
double-amputee soldiers walk again. Instead
of transmitting your latest bet on the Giants to your cell phone,
Bluetooth is being used to allow replacement legs to communicate with
each other and coordinate walking for soldiers who've literally given
their legs up for their mission and for their country. Nothing to do with heat treating, but great news as we head into the weekend. Read about it here. |  | Westinghouse Specialty Metal Plant Adds SECO / WARWICK Furnace
(January 25 - morning update) - SECO/WARWICK
has landed another furnace order from Westinghouse Specialty Metals in
Blairsville, PA. The order is for a new vacuum annealing furnace.
Always better reading when the customer's let their names be used for
sure. Here's the PR : Westinghouse
Specialty Metals Plant in Blairsville, PA has purchased a High Vacuum
Retort Annealing Furnace to process zirconium tubes. Westinghouse
is increasing their plant capacity to meet the needs of customers in
both China and the United States.
The
Vacuum Annealing furnace is custom engineered to meet the exceptionally
tight uniformity standard of ±5ºF in the 48 inch x 6 inch x 216 inch
hot zone. The furnace is rated for 1200ºF and will be
equipped with a cold cap High Vacuum diffusion pump.
About Westinghouse Specialty Metals Plant
Westinghouse
Electric Company offers a wide range of nuclear plant products and
services to utilities throughout the world, including fuel, service and
maintenance, instrumentation and control, and advanced nuclear plant
designs. With headquarters in Monroeville, Pennsylvania – near
Pittsburgh – Westinghouse now has operations in twelve states and
fourteen countries, with annual sales of approximately US$1.8
billion. After designing the world's first commercial pressurized
water reactor nuclear power plant in Shippingport, Pennsylvania, in
1957, Westinghouse and its licensees provided more than 40 percent of
the world’s 434 operating commercial nuclear plants, the world’s
largest installed base of operating plants.
All
of this experience places Westinghouse at the forefront of the nuclear
industry. But most importantly, Westinghouse applies its expertise to
ensure that nuclear power will continue to provide safe, reliable and
economical electricity without producing carbon emissions or other
greenhouse gases.
For more information, visit www.westinghousenuclear.com
About SECO/WARWICK SECO/WARWICK’s
Vacuum Team custom engineered, quality Vacuum Furnaces for most
processes including hardening, tempering, annealing, solution heat
treating, brazing, sintering, carburizing, carbon/carbon composites,
CVD–graphitizing, high pressure quench and degassing.
SECO/WARWICK has entered into a Strategic Alliance Agreement with
Retech Systems LLC offering advanced technology for VIM, VAR, electron
beam & plasma arc furnaces, along with powder production and
environmental remediation equipment.
Visit the Vacuum Team at http://www.secowarwick.com/vacuum.html
SECO/WARWICK
Worldwide manufactures industrial heat processing equipment including
heat treat furnaces, vacuum furnace technology, atmosphere generators
and aluminum reverb melting and holding systems. SECO/WARWICK
provides heat treating equipment and services worldwide for customers
involved with primary aluminum, aluminum recycling, automotive,
aerospace, commercial heat treating, HVAC, electronics, lighting,
medical equipment, nuclear applications and high temperature
sintering. The globally integrated organization includes
SECO/WARWICK Corp. (USA), SECO/WARWICK S.A. (Poland), ELTERMA S.A.
(Poland) and SECO/WARWICK Industrial Furnace Co. Ltd. (China).
The company has over 700 employees worldwide and is an industry leader
in industrial heat processing equipment and processes. More
information can be found at www.secowarwick.com.
###
Press Contact: Beth Ryan, Marketing Communications Director 814/332-8437 bryan@secowarwick.com
|  | Credit Suisse Upgrades Bodycote to "Outperform"
(January 24 - morning update) - Some
good news for Bodycote today as Credit Suisse has upgraded their status
from "neutral" to "outperform." The downside is that they've cut their
target for Bodycote stock from 300 pence to 240 pence. Still, at a
current trading price of about 160 pence this is good stuff for the
world's largest commercial heat treater and materials testing
company. Credit Suisse tops it off by saying "Bodycote is the clear global leader in outsourced Heat Treatment." |  | BlackEagle Acquires Rockford Products' Assets
(January 24 - morning update) - BlackEagle
Partners is a private equity firm that focuses on "turnaround"
acquisitions - companies with customers and products that have stumbled
into difficult financial situations. Today we've learned that
BlackEagle has acquired "selected assets" of Rockford Products, the
nearly eighty-year-old manufacturer and heat treater in Rockford, IL.
Rockford's wares are used in critical suspension applications such
as Ball Studs, Studs, Track Bolts, Ball Pins, etc. The
details of the asset purchase aren't entirely known to us but from the
sound of it, BlackEagle will retain the profitable stuff, jettison the
rest, put in a new or partly new management team and try to bring
Rockford back to profitability. |  | Bodycote Sells Tarzana Property
(January 24 - morning update) - Bodycote
has sold a nearly 15,000 square foot facility in Tarzana, CA to
Columbia College for $3.5 million. The facility, located at 18600
Oxnard St., will be leased back to Bodycote by Columbia College for an
undisclosed period of time. |  | SECO/WARWICK's China Venture Earns ISO9001 and Relocates
(January 23 - morning update) - SECO/WARWICK'S
joint venture company in Tianjin (China) has recently obtained
ISO9001:2000 status and it looks like they've also relocated their
corporate offices in Beijing. Here's the full scoop for those
interested: SECO/WARWICK
(Tianjin) Industrial Furnace Co., LTD has completed a successful
year in their first year of operation having increasing both sales and
staff along with earning ISO9001:2000 certification.
According to Jeff Boswell, SECO/WARWICK Group President, “We are
pleased at the tremendous success that SECO/WARWICK Tianjin has
achieved this year, particularly demonstrating their commitment to
meeting global quality standards by completing the ISO9001
certification process.”
Company
President Jing Heng Li commented, “We are proud to have earned
this world standard measurement for quality management that assures our
customers that they can have confidence in SECO/WARWICK Tianjin
to supply equipment and services with exceptional quality and value as
a Chinese owned and operated company.”
ISO 9001 Certification
SECO/WARWICK
(Tianjin) Industrial Furnace Co., LTD earned ISO9001:2000 certification
on December 18, 2007 for their quality management system, audited by
CNAS Management Systems. The company achieved certification in
less that a year after the joint agreement was signed in December 2006.
SECO/WARWICK (Tianjin) provides Chinese customers with advanced global
technology, but manufactured with Chinese components and labor that
meet both Chinese and global quality standards.
Chinese Operations and Staff
Tianjin
The
Tianjin location currently employs approximately 100 people. The
company was established in 1992 and occupies a 22,062 square meter lot
located north of the Tianjing City Industrial area near Bao Hai in
Mainland China. The company currently employs a complete staff
including administrative, engineering and manufacturing functions,
experienced in all aspects of equipment design, manufacturing and
service.
SECO/WARWICK (Tianjin) Industrial Furnace Co. Ltd. Beisunzhuang Village Jinwei Road, Beichen District,Tianjin,China 300402 Phone +86-22-86853179 Fax +86-22-86850027 info@secowarwick.com.cn www.secowarwick.com.cn
Beijing
SECO/WARWICK
continues to operate a Beijing Representative Office that was
established in 1994, however inquiries may be directed to Tianjin. On
January 1, the office was moved but the contact information remains the
same. The new address is:
SECO/WARWICK Beijing Representative Office 522 Room, Zhenlong Dasha, No.9 Building Dongluoyuan, Fengtai District, Beijing, China 100075 Tel: 010-68032526 Fax: 010-68032235 Contact Person: Chen, Da-Peng - Senior Engineer
|  | Bodycote Shares Take Another Hit (January 22 - morning update) - The
London stock exchange "FOOTSIE" took a real beating last week,
especially in the manufacturing sector. Overall it was the exchange's
worst day since the 9/11 attacks.
Heat treating giant, Bodycote saw about a 6% drop in its share price
alone dropping below 150 p for the first time in years. They've climbed
back up a bit this week to around 154 but are way off their high of 327
from about 10 months ago. Experts in the UK cite the recent poor economic news in the US and expectations of worse news to come. Let's hope they're wrong. |  | Two New Solar Car Bottoms Ordered (January 17 - afternoon update) - We've
heard from many customers that the US recession is for real and people
are starting to worry...that didn't stop Solar Manufacturing from
landing a very nice order from V.S.M.P.O Salda in Russia. Nice work!
Here's the PR: Souderton,
PA – A contract has been signed for Two (2) Large Car Bottom vacuum
furnaces for shipment to V.S.M.P.O. Salda, Russia. The total
order value with shipment and installation will approach US
$7,000,000. The furnaces will heat treat, anneal, and high vacuum
degas titanium and titanium alloys like V.S.M.P.O. grade 5553 for the
new Boeing 787 Dreamliner and other aircraft or related
applications. The furnace design is based on US Patent NO.
6,936,792 B2 specifically covering the critical hot zone and car bottom
design which features under hearth heating zones. The identical
furnace hot zones are 24’ deep x 84” diameter with work load capacity
to 50,000 lbs. each. Operating temperature is to 2400°F and high
vacuum to 10-5 torr with two 35” Varian high vacuum diffusion pumps per
furnace. Each furnace is powered with a one megawatt dry type
phase angle controlled Magnetic Specialty Inc. five zone power supply
and Honeywell micro processor based pyrometer controllers. A
PC-based data acquisition system backed by redundant Eurotherm data
acquisition instrumentation is provided for thermal work monitoring and
order processing input and retrieval. For additional information
contact Richard A. Jones, Solar’s International Sales Manager. |  | Selas Signs H.E.A.T. Network as Midwest (USA) Rep (January 16 - evening update) - Selas
is, of course, a long time player in the heat industry - premix
systems, furnaces, blender valves, flow meters, burners, etc. - and
they have a new group supporting their stuff in the Midwest sectino of
the US. Here's the PR: Montgomeryville,
PA -Selas Heat Technology Co. LLC today announced an agreement with
Heat Equipment and Technology, Inc. (H.E.A.T.) to represent the company
in the states of Ohio, Kentucky, Indiana, Michigan, and West Virginia.
In addition to H.E.A.T.’s headquarters in Cincinnati, the firm also
maintains offices in Cleveland, Columbus and Detroit.
H.E.A.T.
Inc. has been providing solutions and equipment for thermal processing
for over 30 years. From single components such as temperature controls
and gas pressure regulators to complete industrial burner systems,
H.E.A.T. Inc. has the product range and experience to help improve the
combustion performance of Selas’ current and future customers. In
addition to product sales, H.E.A.T. will also offer installation
assistance and field service of Selas products as well.
Revitalized
and committed to growth, Selas Heat Technology Company LLC has been
dedicated to providing quality heat technology solutions since 1896. In
that time, Selas has served the advanced thermal processing needs of
tens of thousands of customers, providing radiant and low NOx burners,
combustion gas mixers, gas blender valves, flame arrestors and
blowouts, BTU monitors and controls, flow meters, heat processing
furnaces, and much more. Selas delivers heat technology solutions to
the glass, steel, non-ferrous metals, chemical, petrochemical,
automotive, and plastics industries with the highest quality products,
customer service and aftermarket support.
For
more information, contact Van Mai, Marketing Manager, Selas Heat
Technology Company LLC., 130 Keystone Drive, Montgomeryville, PA 18936.
• Tel: 800-523-6500 • Fax: 215-646-3536
• E-mail: sales@selas.com • Website: www.selas.com
|  | Curtis-Wright Lands Boeing Laser Peening Contract (January 14 - morning update) - While
not a traditional heat treating procedure, laser peening is an up an
coming technology for improving the fatigue resistance of metals using
lasers to impart layers of residual compressive stress into the metal.
In this case the laser peening technology originated a Lawrence
Livermore National Laboratory and was commercialized by Curtis-Wright.
They will install this technology on a production cell inside the
Boeing Frederickson (WA) plant to be used on curved wing sections of
the new 747-8. This is Boeing's latest 747 incarnation and offers
improved aerodynamics and lower operating costs over the last
generation (747-400).
|  | New Order for Solar Manufacturing (January 11 - morning update) - The
other heat treat news sites had the inside edge on this one over
HeatTreatNews.com on this one, but, since it's a "we sold something" PR
that actually names the customer, we're happy to run it however late it
may be: Souderton,
PA –- Solar Manufacturing Inc. announces the receipt of an order for
two duplicate vacuum furnaces from Pratt and Whitney, East Hartford,
Conn., for a combined value just under $1,000,000 US. These
furnaces will be used in the final heat treatment process of turbine
blades for jet engines.
The
furnace hot zones have a 38” diameter, a 40” depth, a hearth capacity
of 1500 lbs., and operate to 2500F. Hot zone construction is a
standard Solar Manufacturing design with 360 degree internal circular
low watt density graphite band heating elements and insulated with four
layers of high purity graphite felt mounted on a 304SS supporting
ring. High vacuum performance is into the 10-6 Torr range with a
Varian 16” diffusion pump and backed with a Stokes 150 cfm / Stokes
2000 cfm mechanical pumps. The fully automatic digital control
system utilizes an Allen Bradley SCL 5/06 64K PLC and Panelview
operator interface with a Honeywell UDC 3500 temperature controller and
DPR250 on control panel recorder. The furnaces will be networked
to a central communication center via an ethernet hub.
According
to Peter Reh, Vice President of Sales, this is the first order Solar
has received from a prime jet engine manufacturer though Solar has
received orders for similar vacuum furnaces from second tier
suppliers. Reh further states the furnaces will be fully
installed and started up by Solar as a complete turn key installation.
Solar
Manufacturing designs and manufactures vacuum heat treating and brazing
furnaces. To learn more about their diverse product line, contact
Peter Reh, Vice President of Sales, at 267-384-5040 or
pkr@solarmfg.com. More information can also be found on
www.solarmfg.com.
|  | $2,500 for a Brand New Car? Go to India (January 11 - morning update) - Tata
Motors has just released the "Nano" - the world's cheapest car. This
thing apparently has room for 5 people (5 small people), gets 50
miles per gallon and meets safety and emissions standards. It does not
come with air conditioning (you need the deluxe version for that) or a
passenger side mirror and only has one windshield wiper, but, for
$2,500 what do you expect? The Nano is for India only at the moment but Tata plans to export eventually.
|  | Ipsen Growing, Adding Staff (January 9 - morning update) - Looks
like recently combined Ipsen, Inc. is doing quite well these days.
According to their latest release they added 12 people to their North
American operations in the last quarter of 2007 and had one of their
best years ever. Here's the full PR:
Due
to strong customer demand and a positive outlook, Ipsen, Inc added 12
new hires to its North American team in the fourth quarter of 2007. The
engineering and production departments were both expanded by four each
while the remaining talent is assigned to quality
control, purchasing and aftermarket services. Ipsen’s HR Manager John
Menne stated, “Adding a balanced mix of experienced and entry level
positions at the Rockford (IL) and Souderton (PA) sites assures that we
can deliver high performance for years to come.” Menne added, “We are
taking initiatives now to re-launch a revitalized Ipsen internship
program in the first half of 2008 to ensure that we also train the
experts of tomorrow.”
Ipsen,
Inc. finished 2007 with one of its best years in its history, and
continued strong bookings into 2008 have fueled the hiring initiatives.
2007 also caps a year in which the VFS brand (Vacuum Furnace Systems
Corp) was merged into the Ipsen family, to form the most experienced
and diversified vacuum furnace provider in the industry.
Ipsen,
Inc. designs and manufactures industrial vacuum furnaces, atmosphere
furnaces, and supervisory control systems for a wide variety of thermal
processing markets including: aerospace, commercial heat treating,
medical, nuclear, chemical, tool & die and automotive. Ipsen, Inc.
is one of the largest manufacturers in the world of vacuum and
atmosphere heat treating furnaces for the thermal processing market.
Ipsen also employs the largest and most skilled aftermarket &
service support team in the business to meet its customers’ needs for
controls upgrades, replacement hot zones, parts, maintenance and
service. Ipsen, Inc. maintains manufacturing plants in Rockford IL and
Souderton PA.
|  | US Recession is Here According to Merill Lynch (January 8 - morning update) - Fears
of a US recession have been growing over the last few months world-wide
since so much of the world economy is based on US consumer spending.
Today Merill Lynch has stated that Friday's poor jobs report confirmed
that the US recession has, indeed, started. Not
everyone agrees. Lehman Brothers, for example, denies a recession has
started. Officially it's the National Bureau of Economic Research that
proclaims when recessions occur, but they're proclamations always come
about two years after the fact so we won't hear from them until late
2009 at best. By then I think we'll all know for sure one way or the
other. |  | Tigers Route Buckeyes (January 8 - morning update) - LSU
came out a bit shaky and looked like they weren't up for the game early
on, but then their secondary turned on that SEC speed, shut down
Ohio State's passing game and it was all over. Final score 38-24 (but it wasn't really that close after the second quarter). Congrats
to the Tigers who played an excellent game all around - strong D,
strong offense and almost no penalties. Now if we could just get these
games to finish before midnight! Read all about the game here. |  | Chrysler Rumors (January 7 - morning update) - The rumors over Chrysler have become so numerous that even CNN & Money Magazine did a story on it (click here
to read). Suffice it to say that while Cerberus (Chrysler new owners)
maintains that Chrysler is doing well and exceeding its targets in many
areas, others are saying that things are more messed up than ever and
that an eventual merger with Ford is in the cards. |  | G-M Vacuum Furnace Start-up (January 7 - morning update) - If
you're interested in reading about the start-up of a new,
bottom-loading vacuum furnace at an undisclosed site, head on over to Industrial Heating's Industry News page. |  | CMC Impact Metals-Youngstown Receives ISO9001 Registration (January 7 - morning update) - Looks like CMC Impact Metals (formerly Allegheny Heat Treating) got its ISO9001 status: CMC
Impact Metals, formerly known as Allegheny Heat Treating, recently
received ISO-9001 registration for its Youngstown, Ohio facility.
The Youngstown facility had no findings at its registration audit which
was conducted by SRI Quality System Registrar.
CMC
Impact Metals was established in 1979 in Chicora, Pennsylvania.
It is now part of the Commercial Metals Company and has facilities in
Ohio, Pennsylvania, and Alabama. CMC Impact Metals heat treats
long products including special bar quality (SBQ) rounds and structural
flats, plate, and shapes. It serves the needs of various steel
using markets including steel service centers, truck trailer and other
OEMs, oilfield equipment, and military.
The
Chicora, PA, facility has been ISO 9001 registered since 2004.
Efforts are now underway to implement ISO at the recently opened
facility in Pell City, Alabama.
|  | Welcome to 2008 - Go Buckeyes! (January 7 - morning update) - Well,
after a nice long break we're back. We'd like to say it was relaxing -
and it times it truly was - but a full house of relatives and many
meals prepared has us looking down the road for the next real vacation.
Anyway, 2008 is here and so is another year of HeatTreatNews.com. Don't
forget to tune in tonight to watch The Ohio State University Buckeyes
trounce some school from Louisiana! Our neighbor played ball at LSU so
I have to give him hell. |  | Merry Christmas & Happy Holidays (December 21 - morning update) - We're
upon that time of year when most of the world takes a deep breath,
relaxes and then embarks on travel, homecomings, visiting
relatives, house guests, large feasts and a bit too much drinking. If any big news breaks in the next week we'll be sure to put it up here, but it's likely to be a quiet one. Thanks to all our readers and contributors. Have a wonderful holiday and great new year! |  | Luce Is Metroplex's Most Valuable Asset for Bodycote - Editorial by Randy Simmons (December 20 - morning update) - By
now everyone has heard about Bodycote's acquisition of Metroplex Heat
Treat. Today we have an editorial by Randy Simmons who has spent many
days (and a few nights) at Metroplex dating back to his days running
Marathon's service department. From the sound of it, Jerry Luce and the
things he can bring to Bodycote's corporate culture, are what Randy
sees has the most important aspect of this recent acquisition by
Bodycote. Read on:
Bodycote/Metroplex Dallas Fort WorthMetroplex was founded in 1982 by Jerry Luce with one small batch line and analarm clock. Jerry worked a day time job and heat treated at night usingthe alarm clock to wake him up when it was time to move the load. Overthe years Jerry has grown Metroplex to the largest shop I have ever beeninside and I have been in shops all over the world.His sound business philosophies were very instrumental in his success. Jerry treated every employee, customer and supplier like family. At leasttwice a week he brought in lunch for the entire shop, gave out good bonusesand even sent Texas Christmas hams to suppliers and customers. The listof things that Jerry has done for his Company and the locally community isway too long to mention. Long admiring his style I have personallyadapted many of his ideals in how CHS Asia is run and hope one day tobe just as successful. I thank Jerry for all the help he has given meover the years and wish him all the best in the future.During the same time period Bodycote purchased two Hinderliter plants onein Dallas and one in Fort Worth from Mr. John Hubbard who later became theCEO of Bodycote International. A few years later Bodycote purchasedLindberg Commercial Heat Treatment which also had a shop in the DallasArea. This gave them 3 commercial shops in the Area. Later they sold theLindberg shop back to the former owner Mr. John Fussell (Jerry Luce’scousin) and closed down the Dallas facility. Doing the math this broughtthem from 3 shops in Dallas/Ft Worth back down to one shop. Recently theyhave purchased Metroplex Heat Treat from Jerry Luce and are now back up totwo shops.One can only wonder why Bodycote would get rid of two shops and then turnaround a purchase another all in the same area. Was it part of thecorporate strategy? Maybe Bodycote realized what a true talent and truebusiness visionary Jerry Luce is and wanted to capitalize on his skills. Quite possibly buying him out was the only way forward for them in theDallas Fort Worth area. There is no doubt that he will be a great assetand teacher for the Bodycote management staff.Kind RegardsRandy SimmonsManaging DirectorCHS Asia Thailand Co. Ltdwww.CHS-Asia.comRandy@CHS-Asia.com |  | Bodycote Share Price Stumbles (December 19 - morning update) - In
the UK this is the time when many publicly traded companies release
"trading updates" before they go silent in preparation for releasing
real numbers later. So what happens when the world's largest commercial
heat treater releases a trading statement that says their year with be
"within the range of market forecasts" and that profit has grown
15%? Well their share price plummets! I'll
never understand it, but I guess the markets expected Bodycote to grow
profits more than 15% in spite of a weakening dollar, high energy costs
and the nickel fiasco we saw over much of the last year. As it stands today Bodycote's share price has dropped about 25% over the last year and stands at 178 pence today. |  | U.S. Trade Deficit Drops to Lowest in Two Years (December 18 - morning update) - Looks
like that weak dollar is finally having an impact on imports and
exports. According to the U.S. Commerce Department, the trade deficit
fell about 5.5% (to about $179 billion) during the July-September
quarter. That's the lowest quarterly trade deficit since 2007.
Hopefully the start of a trend for US manufacturers. |  | New Manufacturing Engineer at Marathon Monitors (December 18 - morning update) - Hot
on the heels of Marathon's release yesterday that they'd hired a former
SSI guy comes today's PR that they have a new manufacturing engineer.
Sounds like he's a machinist turned engineer which can't be bad. Here's
the PR: West Chester, OH (13 December 2007) Marathon Monitors Inc., a memberof United Process Controls, is pleased to announce the appointment of Mr.Justin Clark to the position of Manufacturing Engineer at its West Chester,Ohio manufacturing facility.Clark comes to Marathon with an impressive background in machining,design, manufacturing and programming. He started off as a CNC machinistwhile completing his degree in Tooling and Machining. Currently, he iscompleting his BS in MET at Miami University in Oxford, Ohio. Clark is askilled CAD/CAM/CAE designer and has primary responsibility fordocumenting the designs and manufacturing processes at Marathon."Justin s skills and hands-on experience will allow Marathon to continuedelivering and developing the best products. His participation in our qualityprograms and customer support department will insure that he is, first andforemost, focused on providing the best value to our customers," saidMarathon Director of Engineering, Paul Barker. Clark s responsibilities include implementation of new Quality Systems forMarathon and UPC, design and manufacturing documentation andmanagement for the production and development of the current and nextgeneration oxygen sensors.Marathon Monitors Inc. is a leading supplier of heat treating and combustioncontrol systems with service and support subsidiaries in both Beijing andShanghai. As part of United Process Controls, Marathon products are sold,supported and serviced world-wide and integrate seamlessly with productsfrom UPC's member companies. www.marathonsensors.com - www.group-upc.com. |  | George Demary Joins Marathon Monitors (December 17 - morning update) - Looks
like SSI's 9200 Product Manager has left the company and landed over at
Marathon Monitors - what's that, about four miles away? Here's the PR: West
Chester, OH (12 December 2007) – Marathon Monitors Inc., a member of
United Process Controls, is pleased to announce the appointment of Mr.
George Demary to the position of Quality Systems Specialist at its West
Chester, Ohio manufacturing facility.
Demary
joins Marathon after serving as Product Manager for the 9000 Series
Instruments at Super Systems Inc. in Cincinnati where he was key in the
development, deployment and service of the 9000 series instruments used
in their heat treating controls products.
Prior
to his three years improving the 9000 series, Demary was responsible
for electronic systems on the F-16 flight line at Shaw Air Force Base
in South Carolina. His assignment to this critical role for the flight
line underscores his problem-solving abilities.
"George
brings a wealth of experience in supporting critical systems under
pressure as well as a customer-focused approach to field support," said
Marathon President, Eric Boltz.
Demary’s
responsibilities include development of new Quality Systems for
Marathon and UPC both on-site at the nine UPC worldwide locations as
well as technical field-service and customer support.
Marathon
Monitors Inc. is a leading supplier of heat treating and combustion
control systems with service and support subsidiaries in both Beijing
and Shanghai. As part of United Process Controls, Marathon products are
sold, supported and serviced world-wide and integrate seamlessly with
products from UPC's member companies. www.marathonsensors.com -
www.group-upc.com.
|  | Bodycote Acquires Metroplex Heat Treat (Texas, USA) (December 16 - evening update) - Though
there is no official press release from Bodycote, word on the street is
that they've acquired Jerry Luce's company in Arlington, Texas,
Metroplex Heat Treat. This
adds substantial capacity to Bodycote's already large heat treating
capacity in Texas. Remember that Bodycote's CEO, John Hubbard, while
originally from a small town in Ohio, grew to prominence in the
industry with his heat treating company Hinderliter Heat Treat in
Texas. Hinderliter was purchase by Bodycote in 1996 and Hubbard
continued on to running all of Bodycote North America and then all of
Bodycote. |  | HeatTreatNews.com is Back (December 16 - evening update) - After
an unplanned absence, HeatTreatNews.com is back up and reporting. Look
for a slew of new articles this week including a full update of our
archives. |  | Ashby Buys Into Bodycote (November 28 - morning update) - We
just reported on Bodycote's rather large stock price tumble after UBS
downgraded their recommendation on Bodycote from "hold" to "sell." Well
one major investor and investment adviser, Credit Suisse Asset
Management's co-head of UK equities Graham Ashby, thinks quite
differently from UBS and is steering funds to mid and small caps at
their relatively "bargain" prices today. Ashby recently bought into
Bodycote at 220p per share. Click here to read more. 
|  | Furnace Finders Launches New Used Equipment Web Site (November 28 - morning update) - Pretty much anyone who has shopped used furnaces in North America knows Furnace Finders. Word today is that they, in team with HTFPonline.com, have developed a new site to sell new and used furnace parts. The
site is still a bit of a work in progress with several sections still
under development, but they've got parts up there with photos and all.
Great idea for sure. Here's their PR: Conyers,
GA. (November 27, 2007). Furnace Finders Incorporated (FFI), a supplier
of pre-owned and reconditioned heat treating furnaces, has entered into
an agreement with HTFPonline.com to
provide for the sale new and used heat treating furnace parts.
HTFPonline.com, developed in collaboration with FFI, will be
continually expanded to offer a broad base of furnace parts for many
brands and types of furnaces. In addition, HTFPonline.com, allows
visitors to request parts that are not currently shown or listed on the
website. Future features will also allow users to advertise parts that
are surplus to their needs.
Furnace
Finders has developed an incredible surplus of new and used parts over
the last 30 years and the HTFPonline.com website will provide the heat
treating industry a source for often “hard-to find” parts at reasonable
prices.
|  | Beijing Heat Treat Show (November 28 - morning update) - While
we in the US were celebrating our Thanksgiving holiday, a whole heap of
folks were talking heat treating over in Beijing, China. Apparently
there were lots of US folks there too (having Beijing Roast Duck
instead of Turkey no doubt) and many rumors have leaked out about some
significant personnel changes in the industry - retirements and
resignations, etc. We'll let you know about those after we confirm them. One
bit of news we have confirmed is that Super Systems Inc.'s Damian
Bratcher has announced to trade show attendees that SSI will soon be
producing probes in China for sale at under 5000 RMB ($672 US). Here are some shots from the show. The
first shot is of the PowerMax booth. PowerMax is a fast-rising furnace
manufacturer outside of Shanghai and also the AFC-Holcroft licensee in
China: 
The second photo is of US controls company Super Systems Inc.'s booth who stated they will soon be producing probes in China: 
The
next three shots are from the MMI-China booth where they were
exhibiting the wares of the United Process Controls companies:
Process-Electronic, Marathon Sensors, Furnace Control Corp, Waukee
Engineering and Nitrex Metal: 


And finally, here is a shot of the Aichelin Furnaces booth: 
|  | Metalex 2007 - South East Asia Heat Treatment Show (November 27 - morning update) - We
got a nice write-up from Randy Simmons of CHS-Asia last week. He
recently attended Southeast Asia's largest heat treatment show. What's
interesting is how few western companies have a presence at these
shows. It really reinforces how much the industry needs global players
to ensure quality support to the big players around the world. Here's his write-up complete with photos: Metalex 2007 is
South East Asia’s largest annual Heat Treat and Automation
exhibition with over 250,000 visitors coming to the four day event.
This year was very different as only a few western companies were
exhibiting, less than 5 percent down from nearly 20 percent at last
years show. Indoctoheat was the only American heat treat equipment
manufacturer at the show with sales and service offices all over the
world they are truly a global player. They had a seminar hosted by
Indoctheat employees from 8 different countries bringing the latest
technology from around the world.
The main players
at the show were from Japan, China, Korea and Taiwan all of which are
only a short distance away and on nearly the same time zone. When
companies in South East Asia are asked why they prefer to purchase
equipment from these countries the most common answers are:
When we are working the west is
sleeping, when we sleeping they are working and we lose too much
time.
They do not have direct employee
service support 8 am to 5 pm local time, only a rep that is of
little to no help.
No spare parts stocked locally
thus increasing down time.
Operation and Service manuals are
not in the Native language.
Shipping cost is more than double.
South East Asia is the future “Land
of Opportunities” and companies wanting to take advantage of these
opportunities need to localize. CHS Asia has done well in the region
as we are located in South East Asia with offices in Thailand,
Singapore, Malaysia and Indonesia. My advice to anyone wanting to
leverage the opportunities available is to locate a good localization
company that understands the rule of engagement. I would recommend
www.ultimate-g.com
email: consult@ultimate-g.com
as they are western speaking Engineers that have lived in the region
for years. They provide the full range of localization service from
language translation, employment recruitment, parts sourcing all the
way to setting up a manufacturing base. We use them from time to
time when we get stuck on an issue.
Tao Sheng Nian (owner) Nanjing Nianda Furances one of the world largest.
Geof Fielding (Aussie) Doug Brown (US)and Andrew Keep (Ausie)
|  | Bodycote Share Price Falters (November 27 - morning update) - This
news came out on the financial pages a few days ago, but hasn't been
reported on any of the industry web sites/blogs. Basically UBS
financial, citing the slowing US economy and a "deteriorating
macroeconomic environment," downgraded Bodycote's stock from "hold" to
"sell." Bodycote is far from the only company affected as the entire sector has been downgraded. |  | Global Heat Treat Summit Tours Ipsen - Sees New TurboTreater Technology (November 14 - morning update) - For
those who hadn't heard, this week was the "Global Heat Treat Summit" in
the Rosemont, IL area and, as part of that summit, attendees were
invited to tour the newly-part-managment-owned Ipsen facility and see
their just-released new TurboTreater technology. Here's the PR and
photo: 
11/14/07 (Rockford,
IL.) – Attendees at the Global Heat Treat Summit in Rosemont, IL were
given the opportunity to be the first to see the new TurboTreater®
technology unveiled at Ipsen’s Open House on November 9th at their
Rockford Showroom. The social event consisted of product presentations
on the new technology by Ipsen’s team of experts and an informative
plant tour. The TurboTreater® boasts many new features, which promote
simplicity of maintenance, speed of assembly, and ease of automation.
The new technology has a proven procedure for changing out the Hot Zone
in less than 60 minutes. Patrick McKenna from Nevada Heat Treat was one
of the guests at the open house and stated that he was impressed with
Ipsen’s ability to combine a clean modern appearance with improvements
that deliver measurable benefits to the user.
|  | New Shareholder Base for Ipsen (November 9 - morning update) - We
just learned that Quadriga Capital and Ipsen's Management team have
acquired a 100% interest in the Ipsen Group and is making expansion
capital available to the Group. We
think the ownership stake of Ipsen's management team is just as exciting
as the investment. Nothing to motivate a team better than owning a
piece! Sounds like great news for Ipsen. Here's the PR: Press release
The Ipsen Group has a new shareholder base
- Quadriga Capital and management acquire 100 percent - Expansion capital made available to the Ipsen Group - Application made to the cartel authorities for approval
Frankfurt
on Main/Kleve, 8th November 2007. Together with the Ipsen
management team Quadriga Capital has acquired all of the shares of the Ipsen
group of companies from the Elster Group of Luxembourg.
The parties concerned have agreed to maintain confidentiality in
respect of the purchase price. Execution of the transaction is
subject to approval by the cartel authorities.
Quadriga
Capital specializes in private equity solutions, in particular for
small and medium-sized companies, and is one of the leading investment
companies in this field. The
Ipsen Group, Kleve (Germany), will continue its successful development
with a new shareholder base. Ipsen is the world’s leading
manufacturer of automated heat-treatment furnaces; Hauzer, Venlo
(Netherlands) – Ipsen’s wholly owned subsidiary- is the world’s market
leader in coating systems for wear-resistant surfaces.
The
new shareholder base provides the Ipsen Group with the ideal
prerequisites needed for further expanding the worldwide market
leadership it enjoys in its segment as well as its product
portfolio. The company currently employs some 900 personnel at
its sites in Germany, the Netherlands, China, India, and the USA and
generated turnover of around EUR 170 million last year.
“Together
with our new shareholders we will be able to engage in activities such
as making strong investments in the important growth markets of e.g.
Eastern Europe and Asia and in doing so considerably expand our market
leadership”, said Dr. Hendrik Grobler, Chairman of the Ipsen Management
Board. Dr.
Andreas Fendel, Partner of Quadriga Capital: “Ipsen has the optimum
prerequisites for benefiting from its outstanding opportunities.
In this respect, Quadriga Capital will make sufficient capital
available and support Ipsen with its network of contacts, in particular
in Eastern Europe, respectively Russia, as well as in Asia.”
More
than almost any other company the Ipsen Group has played a major role
in setting the course for developments in the heat treatment
sector. Heat treatment is a key, extremely cost-efficient method
of achieving huge improvements in the structural conditions and thus
the load-bearing capacity of metals- in particular steel and
titanium. The company’s pioneering technology has ensured ongoing
market innovations for over 50 years.
The company’s sales are concentrated in the medical technology, wind energy generation, aviation and food industry sectors. Ipsen’s
customers include companies from the automotive, aviation and aerospace
sectors, as well as tooling and mechanical engineering, medical
technology and commercial heat treating plants.
Further information on the group of companies can be found at: www.ipsen.de; www.quadriga-capital.de; www.elster.com
About Quadriga Capital:
Quadriga
Capital is an investment company which specializes in private equity
solutions for small and medium-sized companies. The company
focuses on succession solutions, corporate spin offs, expansion
financing and financial support of strategic realignments. It has
been making commercial investments in Germany, Switzerland, Austria and
the Benelux countries for over 20 years and in Russia for over 10
years. Limited partners are institutional investors such as
international pension funds and insurance companies.
|  | Solar Sells a Furnace (November 9 - morning update) - News
today that Solar Manufacturing won an order for a furnace. The PR
says it's to a medical tubing manufacturer in Eastern PA, but no names.
The medical tubing manufacturers in Eastern PA that we can locate are
quite numerous so we can't really speculate. Read all about it over on
Industrial Heating's site here. |  | Maxon to be Acquired by Honeywell (November 7 - morning update) - To
date, most of the burner manufacturers in North America have had that
"family-owned" feel based on their roots (most were family owned at one
time or another and some notable ones still are). Well
Maxon Corp. has left those ranks to join industry heavyweight
Honeywell. You can read the details over on Industrial Heating's site here. |  | Can-Eng Ownership Change (November 7 - morning update) - Can-Eng
Furnaces has been sold to its president and a gentleman named G. John
Krediet. We don't know that name from the HT business, but it appears
he is the former Chairman of TB Wood's, the 150 year old power
transmissions components manufacturer. Krediet was a director who
stepped up to Chairman when long-time Chairman, Thomas C. Foley stepped
down to become the US Ambassador to Ireland in 2006. Earlier
this year Krediet handled the sale of TB Wood's to Altra Holdings Inc.
From what we can tell Krediet did not go with the company to Altra. Anyway, here's the PR: Mr.
Wally Bamford, the former Chairman of Can-Eng Furnaces, is pleased to
announce the sale of the business to Mr. G. John Krediet and the
current President of Can-Eng Furnaces, Mr. Alan Van Geyn. Mr. Bamford
will remain with the company by serving on its advisory board. The
management team of the company will remain unchanged. Mr. Van Geyn has
been with the company since 1994, and has served as its president since
2005. Under Mr. Van Geyn’s leadership, Can-Eng Furnaces will continue
to focus on long-term growth and profitability in the international
thermal processing equipment marketplace. Moving forward, Can-Eng
Furnaces will operate under the new name, Can-Eng Furnaces
International Ltd.
Established
in 1964, CAN-ENG Furnaces has grown to become a leading designer and
manufacturer of industrial thermal processing equipment for ferrous and
non-ferrous metals. Can-Eng product lines include: Continuous Mesh Belt
Furnace Systems, Batch Integral Quench Furnace Systems, Continuous
Steel Bar Heat Treatment Systems, Basketless Heat Treatment Systems,
Nonferrous T4, T5, T6, T7 Heat Treatment Systems, a SCADA system,
Process Enhancement Technology (PET TM ) and a wide array of custom
furnaces solutions. Can-Eng also offers a comprehensive After-market
Support Team delivering system upgrades, technical support and spare
parts |  | Timken Declares 342nd Consecutive Dividend for Shareholders (November 2 - morning update) - It's always nice to see U.S. manufacturers doing well around the world so here's a brief news bit along those lines: CANTON,
Ohio--(BUSINESS WIRE)--Nov. 2, 2007--The board of directors of The
Timken Company (NYSE:TKR) today declared a quarterly cash dividend of
17 cents per share. The dividend is payable on Dec. 4, 2007, to
shareholders of record as of Nov. 16, 2007. It will be the 342nd
consecutive dividend paid on the common stock of the company. |  | Delphi Joint Venture in China (November 2 - afternoon update) - Looks
like Delphi is pushing into more markets in China with this recent
announcement of a JV to make seat belts for China and Europe: Beijing, China — Today Delphi Corporation and Beijing Automotive
Industry Holding Company Ltd. (BAIC) celebrated the opening of their
joint venture which manufactures seat belts.
Located in Changping District, Beijing, the Beijing Delphi
Automotive Safety Products Co., Ltd., manufacturing facility has 1,800
square meters of floor space..
The joint venture started production two months ago for customers in
the China market and has secured future production contracts in the
European markets.
The cooperation between Delphi and BAIC addresses growing
market demand for safety products in China and throughout Asia,
according to Beth Schwarting, Safety Systems product business unit
executive at Delphi Electronics & Safety Division. "This joint
venture will allow Delphi to leverage our innovative safety
technologies and lean manufacturing expertise with BAIC's China
manufacturing presence to build a foundation for growth," she stated.
"This cooperation is an important development for the auto parts
industry in Beijing. The adding of a safety products plant to the
portfolio of Beijing's auto industry is a significant contribution to
the construction of auto parts platform, and to complete the auto
industry chain in Beijing," said BAIC's deputy general manager and head
of the Parts & Components Group, Guo Xinmin. "BAIC has several OEMs
within its organization, and by collaborating with Delphi and other
multinational companies, BAIC expects to strengthen its competitiveness
and brand image in the China market. We are confident that this
cooperation will be a win-win for BAIC and Delphi."
The joint venture will enable Delphi and BAIC to more
effectively serve the rapidly developing Asia Pacific market and to
support global customers with operations in Asia Pacific and other
regions.
"The Delphi/BAIC business venture will help Delphi support the
growth in safety related products in China and other regions," said
Daniel Salmons, Asia/Pacific managing director for Delphi Electronics
& Safety Division. "We are very excited to team with BAIC to
provide quality products and services for our global customers."
The China market for safety related products is expected to
continue to grow rapidly since Chinese regulators are calling for
enhanced safety features for all vehicles. In 2005, rear seat belts
were made a standardized feature for light-duty passenger vehicles and
China is implementing light commercial vehicle requirements that follow
European guidelines.
Delphi Corporation is a world leader in mobile electronics and
transportation components and systems technology. For more than 100
years, Delphi has had a proven track record innovating automotive
technology such as the first production of airbags.
Delphi started operation in China in 1993. Today Delphi's investment in
China has reached more than US$500 million, and the company has set up
17 legal entities in China.
Pioneering the auto industry in Beijing 50 years ago, BAIC now
has grown into an industry group with capacity ranging from vehicle
manufacturing, vehicle equipping to asset management. BAIC boasts
strong competitive edge in vehicles and auto parts manufacturing, with
four OEMs under its organizational structure: BAIC Foton, Beijing
Hyundai, Beijing Benz-Dymler Chrysler and Beijing Automotive Co., Ltd.
For more information about Delphi (PINKSHEETS: DPHIQ), visit www.delphi.com.
For more information about BAIC, visit www.bqkgdjw.com.
|  | More Chrysler Cuts (November 2 - afternoon update) - On
top of the 13,000 layoffs announced in February, Chrysler will shed
another 12,000 jobs starting yesterday. The breakdown will be
approximately 10,000 hourly jobs and 2,000 salaried. In
addition to cutting jobs, Chrysler stated plans to ax a number of
vehicle models including the Magnum wagon, Pacifica crossover and
Crossfire sports coupe. New
models to be added include the Dodge Journey crossover and Dodge
Challenger sports car, along with two new hybrid models, the Chrysler
Aspen and Dodge Durango. |  | Bodycote - New Chairman (October 31 - morning update) - Bodycote has selected their next Chairman of its Board of Directors outlined as follows (read it on their site here): Bodycote International plc, the specialist thermal processing and
testing services company, is pleased to announce the appointment of
Alan Thomson as a non-executive director and Deputy Chairman with
effect from 1 December 2007. Alan Thomson, who was previously Group
Finance Director of Smiths Group, will take up the position of Chairman
of Bodycote at the conclusion of the next annual general meeting on 30
April 2008 in place of James Wallace who has already stated his
intention to step down from the board.
Alan is also a non-executive director of Johnson Matthey plc
(Chairman of the Audit Committee), Cross Match Technologies Inc.
(Senior Independent Director) and Alstom SA (non-executive director,
supervisory board) and served as a non-executive director at Laporte
plc from 1996 to 2001.
Alan, aged 61, began his career at Arthur Andersen and qualified as
a chartered accountant before moving to Price Waterhouse as an audit
manager. He spent 7 years in France and the US with Rockwell
International as finance director of the electronics division before
returning to the UK to serve as finance director for their automotive
components business. In 1982, he joined Raychem as finance director of
their materials science business, following which he joined Courtaulds
in 1984 as financial controller of Courtaulds Textiles and subsequently
was appointed finance director for Courtaulds Coatings.
In 1992 he became Finance Director at the Rugby Group plc before
being appointed Group Finance Director of Smiths Group plc from 1995
until he retired in 2006. Alan Thomson also serves on the council of
the Institute of Chartered Accountants of Scotland where he is chairman
of the Technical Policy Board
Commenting on the appointment, Chief Executive, John Hubbard, said;
“I am delighted to welcome Alan Thomson to the Bodycote Board. He
will bring a wealth of sector, financial and investor relations
experience to the Board’s deliberations.”
|  | Rolled Alloys Acquires Super Alloys (October 31 - morning update) - Most
of us think of heat resistant alloys when we see the name "Rolled
Alloys," but it looks like they're moving into more exotic stuff with
this recent acquisition. Read all about it over on Industrial Heating's site. |  | Can-Eng Installs a Heat Treating System (October 31 - morning update) - Yeah,
we know, not our favorite type of PR since the customer apparently had
to be anonymous. Anyway, Can-Eng recently installed a T-6 heat treating
system that doubles the capacity of a "tier-one manufacturer" - name
not disclosed. Not
an overly surprising PR since Can-Eng is in the business of selling
heat treating systems and has long been a leader in roller-hearth
furnaces (that's what this one is). |  | Travel Week - Combustion Articles (October 23 - morning update) - News
will be a bit hit and miss this week as we're abroad playing that
trains planes and automobiles game in lands where English isn't the
norm. We'll do our best to keep the news coming nonetheless. Today
we have links to a couple articles on Industrial Heating's site.
Everyone is looking for increased efficiencies these days so IH's two
recent articles on Combustion Efficiency are timely: Optimizing Combustion Controls ROI Analysis of Combustion Control for Gas-Fired Heat-Treating Furnaces |  | More MMI-China / United Process Controls (October 19 - morning update) - | | |