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.
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.
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.