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Metal industry news, September 2016

GE has confirmed its plans to acquire two suppliers of additive manufacturing (AM) equipment, Arcam AB and SLM Solutions Group AG for US$1.4 billion.

Sandvik Coromant has joined a center researching powertrain manufacturing for heavy vehicles applications as a partner.

Sumitomo Electric Industries is to acquire Keystone Powdered Metal Company, a US manufacturer of powdered metal components.

Zenyatta has reportedly scaled up testing of metal powder from its Albany graphite mine located in northern Ontario, Canada.

ASTM International plans to create a new technical committee for developing voluntary consensus standards for commercial spaceflight.

Bodycote has acquired Nitrex Metal Technologies, a specialist in gas nitriding and ferritic nitrocarburizing in both batch and continuous forms.

LPW Technology has built a new R&D facility within the Daresbury Laboratory in Cheshire, UK.

A subsidiary of Molex LLC is to acquire metal injection molding (MIM) specialist Phillips-Medisize Corporation.

Höganäs AB plans to reuse the residual heat and carbon dioxide from the company’s plants.

Bodycote has opened a new facility in Haltom City, located between Dallas and Fort Worth, Texas, USA.

Bodycote plc has announced that Pat Larmon will be joining its board as an independent non-executive director.

James L McCarley has joined 3D printing specialist ExOne as chief executive officer (CEO).

Concept Laser has developed what it calls a ‘smart factory’, a modular approach to additive manufacturing (AM).

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PSA Group, which owns the Peugeot, Citroën and DS automotive brands, has agreed to research large scale 3D printing with US-based Divergent 3D.

For the 17th year in a row, SKF has been listed as one of the most sustainable companies by the Dow Jones Sustainability World Index (DJSI).

Quintus Technologies, a specialist in hot isostatic press (HIP) technology, has named Correns Corporation as the company’s sales agent for Japan.

Dr Wolfgang Büchele, the CEO of Linde AG, will not continue in his position following the expiration of his current employment contract.

APMI International will be sponsoring a regional technical program on 3D printing in Ridgway, Pennsylvania, USA, on 13 October 2016.

Powder producer PyroGenesis Canada Inc has reported revenue of US$818,990 in Q2 2016, a decrease of 47% over the same period in 2015.

Audi AG has acquired an additive manufacturing (AM) machine supplied by 3D printing specialist SLM Solutions.

General Moly reports that it finished Q2 2016 with a cash balance of approximately US$12.3 million and US$17.3 million in restricted cash.

Linde has reported group revenue of €8.560 billion, a decrease of 5.3% when compared with the figure for the first half of 2015 of €9.036 billion.

Umicore has reported half year revenues of €1.4 billion, up 1% on the previous half year.

Mate Precision Tooling, a manufacturer of CNC punch press tooling, has appointed Benjamin Harrison to the position of Latin American sales manager.

The board of directors of Arcam says that it unanimously recommends that the shareholders of Arcam accept a takeover offer made by GE.

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