TPT May 2009

I ndustry N ews

Business News in Brief…

The has announced an increase of Group sales for 2008 of 8.4 Linde Group

business news in brief…

per cent and operating profit increase of 10.3 per cent (after adjustment for the exchange rate). Without adjustment for exchange rate effects, the company’s sales rose by 2.9 per cent to €12.663 billion compared with the prior year figure of €12.306 billion. On the basis of reported figures, the Group operating profit of €2.555 billion was 5.4 per cent higher than the figure for 2007 of €2.424 billion. certification for its quality management system in the area of design and manufacture of metal forming equipment. This achievement supplements the track record of Formtek Asia-Pacific for its continuing focus on quality and reliability in manufacturing metal forming products. Formtek produces quality products to the highest standards all over the world. Formtek Asia-Pacific (www. formtek.com) has been awarded ISO9001:2000

Magnatech

International

RathGibson (www.rathgibson. com), USA, has appointed Mr Kirk Thorne as vice president

(www.magnatech-int.com) is expanding its operations with the construction of a new 16,400ft 2 facility in Dronten, The Netherlands. The facility will be used as a distribution centre for Magnatech’s line of orbital pipe welding systems. Construction began in December 2008 with expected completion in late summer 2009.

of sales and marketing. With headquarters located close to Chicago, the company is a leading global manufacturer of welded, welded and drawn, and seamless stainless steel, nickel, and titanium tubing for a range of industries. Before joining RathGibson, Mr Thorne worked for Lennox International.

Inductotherm & Welding Technologies (IHWT) has launched a new website at Heating

Seco/Warwick secowarwick.com),

(www. USA,

has Keith Boeckenhauer to the position of president of Seco/Warwick Corporation. Mr Boeckenhauer will be responsible for the company’s operating activities and future growth strategies. He is a member of the board of directors and serves as the aluminium global product leader coordinating Seco/Warwick Group’s aluminium teams in the USA, Poland, Russia, China and India. promoted Mr

www.inductotherm-hwt.co.uk. The company comprises Thermatool Europe and three divisions of Inductoheat Europe, previously known as Radyne Ltd, Inductoheat Banyard Ltd and Newelco Ltd. The new site covers a wide range of processes and applications relevant to the tube and pipe sector, such as the entire range of Thermatool solid- state HF welders, the Banyard vertical steel induction (VSI) system and Radyne’s pipe heating and coating systems.

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