Gildemeister said its sales, orders and results all showed significant improvements, but the current quarter could prove more difficult. In a statement about Q2 activity, the machinery supplier said sales rose 18% to €916.8 million, orders jumped 22% to around €1.2 billion and earnings after taxes rose to €26.2 million from €1.5 million in the second three months of 2011. The order backlog within the group…

The KUKA KR QUANTEC Robot has won the German Design Award Augsburg, October 2012 - After winning the red dot Award "Best of the Best" in April 2012, the KUKA KR 270 R2700 ultra was also able to score points with the German Design Award. The council for design awarded the KUKA KR QUANTEC series with the prestigious German Design Award in Gold. The German Design Award is the international premium prize of the…

It is reported that Goldman Sachs upgrades AK Steel Holding Corporation from 'Neutral' to 'Buy' with a USD 12 price target, saying the company will have more flexibility to adjust costs and benefit from lower iron ore prices than rival US Steel. Goldman Sachs said that AK Steel's electrical steel business could surprise to the upside and the earnings release could be a positive catalyst for the…

Bloomberg quoted Goldman Sachs Group Incas saying that investors should buy crude oil, copper and zinc as sustained economic growth will tighten supplies. Analysts led by London based Mr Jeffrey Currie said that “We believe that the risk and reward once again favors being long commodities. Economic growth will likely be sufficient to tighten key supply constrained markets in the second half, leading to…

Goldman Sachs Group Inc lowered its estimates for aluminum prices through 2013 citing weaker growth in developed economies. Analyst of Goldman Mr Sal Tharani and Mr Sandeep SM said that the metal will trade at USD 1.18 a pound next year down from a previous forecast of USD 1.28 and before rebounding to USD 1.22 in 2013 below an earlier estimate of USD 1.30. The 2011 forecast was lowered to USD 1.16 from USD…

Grede Foundry in Berlin isn’t just going idle, it’s closing. The company released more details about its plans Friday, one week after giving plant employees the mandatory 60-day notice. Grede plans to begin layoffs on September 1 and close the plant by the end of the year. The company told the state Department of Workforce Development that 157 employees are affected – 133 hourly workers and 24 salaried. The…

On 22 September 2020, the Aluminium Rheinfelden Group applied to the Lörrach insolvency court for the opening of protective shielding proceedings with individual responsibility. The experienced GÖRG partner Dr. Holger Leichtle was appointed as provisional trustee in the context of an insolvency of the entire group of companies. The self-administering debtors are legally advised by AC Tischendorf Attorneys…

Thomas Neumann, a lawyer from Lüdenscheid, Germany, has been appointed as the provisional insolvency administrator. Further insolvency proceedings are yet to be decided. The appraisal process is difficult, as HC Druckguss‘ legal representatives expect help from an investor. What about the employees? The company is also in arrears with ist contributions to employee‘s insurance, says Neumann. No facts are…

Newly developed parameter sets for aluminum alloy F357, a new beryllium free version of AlSi7Mg0,6 (A357), lead to considerably improved material properties compared to parts produced through die-casting. The work between Honeywell and SLM Solutions, announced in 2019, aims to reduce manufacturing times and costs to produce 3D printed aircraft components that meet the high requirements of the aerospace…

The CNC machine tool manufacturer Haas Automation Europe N.V. has opened the most westerly of its 46 European Haas Technical Education Centres (HTECs) on the Atlantic island of Madeira, an autonomous region of Portugal. The facility, located in Madeira’s capital of Funchal, had its grand opening on March 7. The new HTEC forms part of Funchal’s Professional Skills Qualification Centre (Direção Regional de…