Welding World magazine June 2018

18
NEWS
RAY LONSDALE – ARTIST
The journey from owning a steel fabrication business to becoming one
of our most talked about artists has been a swift one for Ray Lonsdale.
After working at Coles Cranes in
Sunderland, and then forming his own
steel fabrication business, producing
items such as bins and seats, he has since
made headlines in the art world with his
business Two Red Rubber Things.
Speaking to Welding World magazine,
Ray said: “This was the direction that I
wanted to take and there just wasn’t the
time for me to take an art degree so I
went ahead and took a chance in 2007.
Most of the work I undertake is fabricated
from Corten steel in a 3D mosaic style.
This is basically just random shape and
size pieces plasma cut from mainly 3mm
sheet. These pieces are then reassembled
to produce the finished article. All the
sculptures are made freehand and are
basically three dimensional sketches.”
With more than 30 life sized statues
completed Ray has won warm acclaim for
his works ‘Freddie Gilroy and the Belsen
Stragglers’ and ‘Eleven O One’.
The latter stands at 9ft 5ins tall and is
situated in Seaham, County Durham. Its
name is given to the time and date of the
World War I armistice in 1918 and looks
GROUP EARNINGS INCREASE
Corporate News
• Group revenue: EUR 4.044 bn (up 1.4
percent after adjusting for exchange
rate effects and the impact from the
first-time application of IFRS 15)
• Group operating profit : EUR 1.081 bn
(up 12.1 percent after adjusting for
exchange rate effects)
• Earnings per share adjusted for special
items: EUR 2.19 (2017: EUR 1.77)
• Group outlook for 2018 confirmed
• Completion of merger with Praxair still
planned for the second half of 2018
Technology company The Linde Group
saw positive business trends in the
first quarter of 2018. After adjusting
for exchange rate effects and for the
impact of the first-time application
of new accounting standard IFRS 15,
revenue rose by 1.4 percent compared
with the first quarter of 2017. Group
operating profit increased significantly
by 12.1 percent after adjusting for
exchange rate effects. Linde was able
to improve its operating margin by
300 basis points to 26.7 percent (2017:
23.7 percent).
Caption if needed
“We have continued to grow and
have achieved a substantial increase in
our profitability,” said Professor Dr Aldo
Belloni, Chief Executive Officer of Linde
AG. “The significant improvement in
our Group margin is the result of the
efficiency measures we have introduced,
continued portfolio optimisation and
good macroeconomic conditions.”
In the Gases Division, Linde generated
revenue in the first quarter of 2018 of
EUR 3.512 bn, a decrease of 7.6 percent
when compared with the figure for
the first quarter of 2017 of EUR 3.799
bn. After adjusting for exchange rate
effects and for the impact of the firsttime
application of IFRS 15, revenue
in the Gases Division increased by 2.8
percent. On a comparable basis (after
also adjusting for changes in the price
of natural gas), revenue growth was
2.6 percent. Operating profit was EUR
1.079 bn, which was 2.5 percent higher
than the figure for the prior-year
period of EUR 1.053 bn. After adjusting
for exchange rate effects, operating
profit increased by 10.9 percent. At
30.7 percent, the operating margin was
set to be exhibited
permanently after a
campaign to keep
the 1.2 tonne statue
in the town.
Freddie Gilroy is located on North Bay
in Sacrborough and is based on a retired
miner friend of Ray who he later found
out was one of the first soldiers to liberate
the Bergen-Belsen concentration camp at
the end of World War II.
“Both the ‘Freddie Gilroy’ and ‘Eleven
O One’ sculptures were built on spec and
not commissioned. They were put out on
loan and fortunately bought by members
of the public then donated for display,”
said Ray.
Ray is currently working on an sculpture
of Emily Wilding Davison (the suffragette
who was killed by the kings horse in
1913). This will be sited in Morpeth,
Northumberland near where she is buried.
Caption if needed
January to March 2018: Linde makes a good start to the new year – significant increase in Group earnings
significantly higher than the figure for
the first quarter of 2017 of 27.7 percent.
Positive trends were to be seen
in the EMEA segment in almost all
product areas. In the liquefied gases
and cylinder gas product areas in
particular, revenue increased in virtually
all regions. In the on-site business, there
were volume reductions as a result of
the sale of parts of a production facility.
Engineering Division:
Margin significantly above the target of
around 9 percent
Revenue in the Engineering Division
fell in the first quarter of 2018 by 7.1
percent to EUR 602 m (2017: EUR 648
m). Operating profit increased to EUR
60 m (2017: EUR 53 m). At 10.0 percent,
the operating margin was significantly
above the figure for the first quarter
of 2017 of 8.2 percent and exceeded
the target of around 9 percent which
Linde Engineering has set itself for the
2018 financial year. This was due not
only to higher earnings from individual
plant construction projects, but also to
improved capacity utilisation.
WELDING WORLD MAGAZINE | ISSUE 03 | JUNE 2018