Category: Company News

SUMITOMO’S NEW DFC DOUBLE-SIDED 90º MILLING CUTTER  ACHIEVES LONG-TERM ACCURACY AND HIGH EFFICIENCY

SUMITOMO’S NEW DFC DOUBLE-SIDED 90º MILLING CUTTER ACHIEVES LONG-TERM ACCURACY AND HIGH EFFICIENCY

Mount Prospect, IL – New from Sumitomo Electric Carbide Inc., the DFC Double-Sided 90º Milling Cutter is engineered for exceptional precision and efficiency. The high toughness and special shape of the DFC six-edge insert ensure long-term, stable cutting and high efficiency machining with high feed rates. Cutting edges are optimized to provide excellent surface finishes. […]
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Sandvik Interim Report Fourth Quarter 2015

Sandvik Interim Report Fourth Quarter 2015

Interim Report Fourth Quarter 2015 Fourth Quarter 2015 Continuing operations Order intake 19,531 million SEK Invoiced sales 20,940 million SEK Operating profit 770 million SEK Operating margin 3.7% Adjusted operating profit 2,315 million SEK Adjusted operating margin 11.1% Profit after financial items 266 million SEK Earnings per share -0.12 SEK Discontinued operations Order intake 745 […]
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CFO Mats Backman to leave Sandvik

CFO Mats Backman to leave Sandvik

Mats Backman, Executive Vice President and Chief Financial Officer, CFO, for Sandvik has decided to leave Sandvik to assume the equivalent position as CFO for the automotive safety supplier Autoliv. He assumes the position no later than 1 June 2016. The process to find a successor has been initiated. –   I’m grateful for Mats Backman’s […]
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3M Announces Upcoming Investor Events

3M Announces Upcoming Investor Events

3M (NYSE: MMM) today announced the following investor events: Credit Suisse 3rd Annual Industrials Conference in Manalapan, Fla., on Tuesday, Dec. 1, 2015. Nick Gangestad, senior vice president and chief financial officer, will speak at 3 p.m. EST. 3M 2016 Outlook Meeting on Tuesday, Dec. 15, 2015. Inge G. Thulin, chairman, president and chief executive officer, and Nick Gangestad, senior vice president and chief financial […]
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Element Six job cuts

Job Losses at Element Six, Ireland

Element Six, a leading manufacturing of industrial diamond materials and equipment, has announced job losses at it’s Shannon plant. The company is owned by the De Beers group of companies. Element Six has announced...

Sandvik intends to divest Mining Systems operations

Sandvik intends to divest Mining Systems operations

s decided to initiate divestment of the project business Mining Systems. Mining Systems is a separate product area within Sandvik Mining and a supplier of design and engineering of material handling systems for the mining industry. In 2014 the Mining Systems operations, with 1,300 employees, had annual sales of 6.3 billion SEK representing 7% of […]
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H.C. Starck Group realigns Executive Board

H.C. Starck Group realigns Executive Board

Munich (Germany), September 25, 2015. H.C. Starck, one of the world’s leading suppliers of powders and components made of technology metals and advanced ceramics, realigns its Executive Board. As of October 1, 2015, the group with nearly 2,800 employees and 15 production sites worldwide will be led by four Executive Board Members. Edmar Allitsch, previously […]
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