TPT July 2013

Industry News

Plastics producer installs 4 th CNC router TECHNOhas announced the completion of its fourth machine installation into a large volume plastics production company. Due to the high level security and product classification Techno cannot divulge who the customer is, but congratulates them on their growth and 179 Tax Law. The customer claims it will be able to write off 50 per cent of many types of capital investments exceeding the deduction limit in the first year. This special provision was due to expire at the end of 2012, but Congress extended it. The definition of “qualifying assets” will continue to include computer software in 2013, as the new legislation extended this piece of Section 179 for one year. success during the past several years. The customer plans on adding two more new HDS machines this year, taking advantage of the 2013 Section

office in Kuala Lumpur, Malaysia, to account for increasing Southeast Asian sales. Despite the generally uncertain economic environment, moderate growth is being targeted for the current year. The quality and productivity management system developed by Kemppi (Kemppi Arc System) is expected to make a breakthrough during this year. The company claims the new tax law will save it over $40,000 by adding the additional machines. It is also forecasting a 25 per cent growth this year, and does not see any slowdown in the near or distant future. Techno Inc – USA Fax: +1 516 358 2576 Email: technosales@technocnc.com Website: www.technocnc.com

Revenues exceed €120mn for Kemppi Oy

its investments in equipment, software and service concept development in order to offer the welding industry wider comprehensive production solutions. The number of personnel continued to grow in Finland and abroad. An increasing share of revenue is expected to come from the developing markets in the future. In January the company opened a new sales

GROUP revenue of Finnish welding industry solution provider Kemppi Oy grew in 2012 to reach €121mn (+10.4%) and profit (EBIT) reached almost €20mn. The business grew particularly well in the developing markets, while demand for equipment remained stable in the traditional markets of Scandinavia and Europe. The company continues to increase

Kemppi Oy – Finland Fax: +358 3 899 428

Email: export@kemppi.com Website: www.kemppi.com

SMS group acquisition of majority share in Paul Wurth wrapped up

With more than 11,000 employees, the SMS group generates sales of approximately €3bn. All under the roof of SMS Holding GmbH, it is a group of global players in plant and machinery construction for steel and non-ferrous metals processing. It consists of the two business areas SMS Siemag and SMS Meer as well as industrial participations.

as an independent company within the SMS group. Boasting more than 1,500 employees and 26 subsidiaries, it ranks among the world’s leading producers of blast furnaces, coking plants, and green technology for metallurgical plants. Sales of some €500 million are expected in the current year. The product ranges of Paul Wurth and especially SMS Siemag complement each other perfectly. The merger creates the basis for the further growth of both companies.

THE SMS group has finalised its takeover of the majority share in Paul Wurth. In 2012, SMS Holding GmbH had announced its purchase of 59.1 per cent of the shares in Paul Wurth SA of Luxembourg. Previously, they had been owned by ArcelorMittal (48.1 per cent) and the Luxembourg investment company Luxempart (11 per cent). 40.8 per cent of the shares remain with the Luxembourg shareholders controlled by the state. Paul Wurth will continue to operate

SMS Meer GmbH – Germany Email: info@sms-meer.com Website: www.sms-meer.com

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J uly 2013