TPT July 2013

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Industry News
10 July 2013
Revenues exceed
€120mn for Kemppi Oy
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
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
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.
Kemppi Oy – Finland
Fax: +358 3 899 428
Email:
Website:
SMS group acquisition of
majority share in Paul Wurth
wrapped up
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
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.
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.
SMS Meer GmbH – Germany
Email:
Website:
Plastics producer installs 4th
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
success during the past several years.
The customer plans on adding two
more new HDS machines this year,
taking advantage of the 2013 Section
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.
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:
Website: