stories on hard material matters - Ceratizit S.A.
stories on hard material matters - Ceratizit S.A.
stories on hard material matters - Ceratizit S.A.
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10<br />
GTP PART OF PLANSEE GROUP<br />
US powder expert GTP<br />
is now part of Plansee Group<br />
Effective 1 August 2008, Plansee Group has acquired<br />
the business unit Global Tungsten & Powders (GTP) from<br />
Osram. The purchase agreement had already been<br />
signed <strong>on</strong> 22 April 2008.<br />
GTP is a leading supplier of powders, semi-finished<br />
products and comp<strong>on</strong>ents made from tungsten, molybde-<br />
num and phosphor. Says Michael Schwarzkopf, chairman<br />
of the Plansee Group executive board: “With GTP we will<br />
ensure our l<strong>on</strong>g-term supply of tungsten raw <strong>material</strong>s.<br />
And we will also strengthen our positi<strong>on</strong> in the refractory<br />
metals market in North America.”<br />
GTP used to be part of the lighting manufacturer Osram<br />
for many years. Its expertise in processing tungsten ore<br />
c<strong>on</strong>centrate and recycling of <strong>hard</strong> <strong>material</strong>s scrap has<br />
enabled the company to become the leading supplier<br />
of tungsten powders in North America. Its product range<br />
additi<strong>on</strong>ally includes molybdenum powders and semi-<br />
finished products, as well as other powders that are rele-<br />
vant to the Plansee Group’s markets. GTP’s main<br />
customers are from the aerospace, automotive, coating,<br />
electr<strong>on</strong>ics, energy and lighting industries.<br />
GTP site in Towanda, Pennsylvania.<br />
imp:act 01/08<br />
GTP has producti<strong>on</strong> sites in Towanda, Pennsylvania, and<br />
Bruntál, Czech Republic, and employs 1,050 people. In<br />
the last fiscal year, it recorded sales of approximately 280<br />
milli<strong>on</strong> euros (around 400 milli<strong>on</strong> US-dollars). To meet the<br />
Group’s increasing requirements for tungsten powders,<br />
the Group plans to expand the Towanda site.<br />
GTP will become the Plansee Group’s fourth divisi<strong>on</strong>.<br />
“GTP has performed well in the last couple of years,” says<br />
Schwarzkopf. “We believe in the management team, and<br />
have no plans to make any significant changes to the<br />
product or customer portfolio.”<br />
With the acquisiti<strong>on</strong> of GTP, the Plansee Group meets<br />
its regi<strong>on</strong>al sales target – 50 per cent in Europe and 25<br />
per cent each in America and Asia. The Group now<br />
employs more than 10,000 people worldwide, 2,000 each<br />
in the US and Austria.
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