Analyst Comment – Metalworking Markets News

908

Feintool increases sales in 2016 by 6% in local currency to $547.7 million

13 March 2017, 13:47
Feintool has increased sales by 6% in 2016 compared to the previous year to CHF 552 million ($547.7 million), company said in a statement received by deMetallo. The operating result (EBIT) increased by more than 20% compared to the previous year, to more than CHF 41 m. The operating margin amounted ...
943

PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average

25 May 2016, 14:22
With 82 companies responding, the PMPA Business Trends Index in April 2016 declined 9 points or 6.8% to 122, a point above last year’s full year average, reported Precision Machined Products Association. 122 also happens to be the average for the Business Trends Index Year to date. The March – April...
742

U.S. cutting tool YTD consumption down 8.5% in March

17 May 2016, 13:42
March U.S. cutting tool consumption totaled $184.08 million according to the U.S. Cutting Tool Institute (USCTI) and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was up 6.2% from Februar...
930

Precision Machined Products Association reports Business Trends Index in March 2016 climbed 14 points or 12% to 131

21 April 2016, 17:01
PMPA Business Trends Index in March 2016 climbed 14 points or 12% to 131, only the third time the index has been above 130 in its history (137 in March 2015; 131 October 2014), reported Precision Machined Products Association. For March 2016 index is at 96% of last year's March index, but PMPA avera...
868

Severstal reported 1Q16 revenue decreased 28.3% y/y to $1,097 million, EBITDA decreased 53.2% to $273 million

21 April 2016, 09:49
Severstal Group reported Q1 2016 revenue decreased 28.3% y/y to $1,097 million (Q1 2015: $1,531 million) primarily impacted by a substantial decline in average selling prices as well as a marginal reduction in sales volumes at both Russian Steel and Resources segments. Group EBITDA decreased 53.2% y...
890

USW: In 2014, global steel production overcapacity was over 700 million tons

13 April 2016, 16:37
In 2014, that global steel production overcapacity was more than 700 million tons, reported United Steel Workers. According to the American Iron and Steel Institute the majority of that amount – 425 million tons – is specifically Chinese overcapacity.In assessing the state of both the American and t...
730

Star Micronics reported net sales for the year ended February 29, 2016 increased 6.9% to 54,457 milllion yen

12 April 2016, 17:09
Star Micronics reported net sales for the year ended February 29, 2016 increased 6.9% to 54,457 milllion yen ($502.2 million), net income down 20.8% to 3,720 million yen.According to the company, during the fiscal year ended February 29, 2016, the U.S. economy exhibited a steady recovery trend, and ...
689

U.S. manufacturing technology orders for February down 12.8% y-o-y

11 April 2016, 20:44
The U.S. manufacturing technology orders for February 2016 were down 5.1% compared to the previous month, and down 12.8% compared to the same month in 2015, reported the Association For Manufacturing Technology. Orders for capital equipment continue to slump as the overall U.S. manufacturing industr...
946

Soraluce creates a system capable of increasing productivity by up to 300%

8 April 2016, 10:29
SORALUCE, a member of the Danobat Group, has created a system capable of increasing productivity by up to 300%, Danobat announced. DAS technology, which is set to be a revolution in the machine-tool sector, consists of a device that actively increases the dynamic rigidity of machines, thus increasin...
738

Starrag reports in 2015 order intake of CHF 333 million, or 18% less than in the previous year

4 April 2016, 07:17
In the 2015 financial year, the Starrag Group generated an order intake of CHF 333 million, or 18% less than in the previous year, company announced. At constant exchange rates, incoming intake showed a smaller decline of 11%. In the fourth quarter, an order intake of ...

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