April 24, 2016 Hoeganaes,
part of GKN Powder Metallurgy, is starting production of high quality
automotive grade powders in China for the Asian market. The new joint venture
further expands GKN Powder Metallurgy’s footprint in China and makes Hoeganaes
the only atomized iron powder manufacturer with complete production facilities
in the world’s three major automotive producing regions.
The agreement with
Chinese partner Bazhou Hongsheng Industrial Company Ltd sees GKN Powder Metallurgy taking a
majority share in a manufacturing facility located in Bazhou City,
Hebei Province, China.
The 24,600 square metre plant has been in operation since 2009 and will
expand its product line to produce GKN Hoeganaes international grade powders
for use in automotive and industrial applications for our customers in these
growing Asian markets. These powders enhance the manufactures’ ability to
achieve more complex geometries, improved dynamic properties and ultimately
produce lighter weight components.
CEO GKN Powder Metallurgy, says: ‘For the first time this joint
venture will provide a local manufacturing base for GKN’s advanced metal powder
technologies, enabling us to meet the increasing need for more technically
enhanced powders in Asia.
‘It will allow us
to better serve our customers in both China and the wider Asia Pacific area and is a reflection of our commitment to
expanding our global footprint and meeting the needs of our customers’.
Hoeganaes is one of the world’s largest manufacturers of
metal powder, the essential raw material for powder metallurgy, with manufacturing facilities
in the United States, Europe and Asia