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S Bearings Inc. in Fountain Inn, South Carolina, a Plain Bearings subsidiary of the Kolbenschmidt Pierburg Group, and Miba Bearings US LLC, McConnelsville, Ohio, are forging a joint venture for the production of input materials used in the manufacture of plain bearings. The new company ABM Advanced Bearing Materials LLC, Greensburg, Indiana, in which both companies hold equal shares, will chiefly produce all the input materials from cast lead and leadfree bronze and brass hybrids for downstream processing at the Miba and Kolbenschmidt locations in the USA, Germany, and Austria. The joint venture will be paritymanaged by representatives of KS Gleitlager and Miba Gleitlager. The product ranges of Miba and KS are an ideal complement. Whereas KS Gleitlager mainly focuses on passen- Newsline Düsseldorf based group shows solid progress – earnings are up once more Rheinmetall: Sharp rise in order intake Düsseldorf. Organic growth and superior operating performance: the second quarter of 2005 saw Rheinmetall continue the solid progress already shown at the start of the year by advancing along the path of profitable growth. Both sectors – Automotive and Defence – generated higher sales. Order intake also showed a sharp rise. The group’s results of operations again improved. Sales and earnings in the first six months of the year have endorsed the confident growth and earnings predictions for all of 2005. In the first half of 2005, the Rheinmetall group generated sales of € 1,617 million (down from € 1,621 million). Adjusted for year-earlier divestments, sales mounted by € 79 million, corresponding to an organic growth of 5 percent. The first half of the year was a period of surging order intake for Rheinmetall. Compared with the like-for-like period in 2004, new business soared 22 percent from € 1,567 million to € 1,919 million. This appreciable improvement was largely due to strategically important contracts booked by the Defence sector. Rheinmetall’s EBIT in the first six months amounted to € 72 million (down from € 89 million), with the Defence sector showing the sharpest improvement and Automotive repeating its solid yearearlier EBIT. The € 19 million shortfall at group level is chiefly the outcome of the year-earlier € 17 million gain from divestments plus this year’s one-off expense (€ 7 million) for redeeming the old corporate bonds. Adjusted for one-off gains and expenses, the Rheinmetall group’s results of operations rose from € 77 million to € 83 million during the first six months of the current year. The adjusted EBIT margin mounted from 4.8 to 5.1 percent. Moreover, with liquidity up and thanks to the finance rescheduling, net interest expense shrank by € 9 million to € 25 million. These are heartening results for the first six months of 2005, given the fact that the Defence sector will generate most of its sales and earnings in the latter half of the year. ★ Automotive: The Automotive sector generated sales of € 1,031 million between January and the end of June 2005, three percent over the high first-half figure in 2004 of € 1,000 million and well ahead of the world auto industry which added a mere 1 percent. The chief contributor was the Aluminum Technology ger car and light commercial vehicle applications, Miba as world-market and technology leader for mediumspeed diesels, supplies the manufacturers of high-volume engines used in heavy-duty trucks, ships, locomotives, etc. Besides supplying the input materials for plain bearings, the joint venture will give both parties options for even more comprehensive cooperation in future, e.g. to jointly develop leadfree bearing materials, share existing testing rigs and benches, and to mutually tap new markets. The Miba group, Laakirchen, Austria, manufactures sintered parts, plain bearings and friction linings for motor and rail vehicles, ships, aircraft, and power plants at nine locations around the world. 4 division, up by 15 percent in the first half of 2005. Automotive’s (operating) EBIT for the first six months reached € 68 million, matching the high year-earlier performance given that the year-earlier figure had included a gain of € 9 million from the disposal of the measuring equipment product group (Pierburg Instruments). ★ Defence: Defence lifted sales by 8 percent or € 45 million to € 582 million, the biggest contributions coming from Defence Electronics (+21 percent) and Air Defence (+13 percent). Order intake by the end of June 2005 had surged 81 percent to € 866 million and was thus once again well ahead of sales for the period. The first-half EBIT by the Defence sector added up to € 16 million, up by € 9 million. As a consequence, the sector’s end-of-June EBT has already reached € 8 million (up from a negative € 2 million). The performance in the first six months of 2005 has prompted Rheinmetall to reconfirm its forecasts for all of 2005. The second half of 2005 will see a repetition of the group’s organic growth, with earnings again rising. The Miba Bearing Group belonging to the Miba group produces plain bearings for commercial vehicle and other large engines. A work force of 740 generates sales of around € 112.3 million. The Miba group employs 2,700 persons and achieved sales of € 328 million in 2004/05. KS Gleitlager GmbH, St. Leon-Rot, Germany, the parent company of the New joint venture in the USA Kolbenschmidt Pierburg group’s Plain Bearings division, has two production locations in Germany and another three in the USA and Brazil. The product range embraces engine bearings plus low-maintenance/maintenancefree dry bearings (Permaglide) for a wide variety of automobile applications. The company also operates Europe’s biggest continuous casting line for nonferrous metals.
Photos (2): Airbus Industrie telerob: focus on Arabian Peninsula Oman/Qatar. telerob’s longstanding efforts to break the Anglo-American stranglehold on the Arab EOD market finally seem to be paying off. After convincing the Royal Saudi Air Force – a key customer – of the superiority of its high-quality, innovative products, telerob is now in advanced negotiations with numerous other clients in the region. In Oman, both the police and army are closely eyeing the tEODor EOD robot, while in Qatar, a fully equipped EOD emergency vehicle should help safe- Newsline RDE books major order for the new Airbus A400M: The Bremen-based electronics specialist will be responsible for the complete Loadmaster Control System of the new military transport plane throughout the entire production phase. Airbus A400M military transport aircraft: Major defence contract for Rheinmetall RDE provides cargo hold electronics Bremen. Rheinmetall Defence Electronics (RDE) GmbH of Bremen has been awarded a contract to supply equipment for the new A400M military transport aircraft. Acting as subcontractor, the Bremen-based electronics specialist will be responsible for the complete Loadmaster Control System of the new aircraft throughout the entire period of production. Under the currently envisaged order volume of 180 planes, the value of the order comes to approximately € 72 million in 2005. RDE expects the total value of this project – which is set to run 20-25 years – to be in the region of € 200 million. The order is ofgreat strategic significance: after already scoring major successes in the field of civil aviation, the company is now tak- ing part in a major military aircraft project. Modern transport aircraft require a cargo hold system, which – both electrically and electronically – is easy to operate and completely reliable. The new Loadmaster Control System serves as the electronic brain of the entire cargo hold. It essentially consists of the following components: the Loadmaster workstation and control panel, as well as eight sidewall lock panels and a crew door panel. On the ground, the system ensures safe, efficient loading of the plane. In the air, the Loadmaster enables effective control of numerous interface systems. For example, the Loadmaster and the other operating panels will permit cargo to be delivered while the air- guard the security of the Asian Games in Doha in December 2006. After supplying the Kuwaiti National Guard with TL 600 systems in 2004 and 2005, telerob expects to book additional orders before the end of the year. In Saudi Arabia, following delivery in June of two additional complete systems to the Royal Saudi Air Force, negotiations for equipping the country’s domestic airports are now in progress. Moreover, further security agencies have expressed serious interest in telerob products. Finally, detailed talks are currently underway with the security forces of the United Arab Emirates for the supply of additional EOD vehicles. 5 craft is in flight – one of the main missions of the A400M. In selecting Rheinmetall Defence Electronics to supply this system, Airbus will be working with a proven partner: RDE has already equipped numerous Airbus civil aircraft with advanced electronic cargo loading systems. The current RDE-contract covers the 180 planes ordered by Germany, France, Spain, Great Britain, Turkey, Belgium and Luxembourg. The introduction of the Airbus Military A400M will markedly improve the strategic airlift capacity of the armed forces of Germany and many other nations. Compared with the generation of transport aircraft it will replace, the A400M has twice the payload and twice the cargo space. tEODor: Order from Australia Melbourne/Ostfildern. In a market where competition is getting tougher all the time, tEODor remains on the cutting edge of technology, as a recent major order from the Australian Army attests. The procurement authorities have ordered a total of 26 systems. Following delivery of an initial lot of four units in June, another eight will follow in November. By the way: the Australian police have followed the military’s lead, having likewise opted for tEODor. All in all, a total of 200 systems will be delivered down under.
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