TPT September 2020

I NDUS T RY

Acquisition secures jobs at Preston, UK-based tube engineering specialist

part of Belgrave & Powell’s machine technology group. He said: “Despite the uncertain current economic climate we recognised the long term value with this activity – the highly skilled workforce and its historic, global reputation for quality and innovation. “Our vision is to provide our clients with unsurpassed service, quality and technology. We are delighted with this acquisition as it is a key advancement in support of our vision, complementing our existing specialist services companies but allowing us to accelerate our ambitions in terms of offering complex automation and robotic solutions to our extensive customer base.” He added: “The retained team have some of the best skills in the world in the field of tube bending solutions, tooling design and automation and with the support of the group we will offer immediate benefit to historical and new customers requiring support in this specialist sector.” AdditionManufacturing Technologies www.addisonforming.co.uk & Metal Environment – Safety Infrastructure Exhibition’, emphasising ways to transition to a sustainable low- carbon economy. Gyeongsangbuk-do, which hosts the exhibition, is home to 20 per cent of the 350 steel companies in Korea including the major steel company POSCO and Hyundai Steel. Concurrently, Korea Trade-Investment Promotion Agency and SMK2020 will host one-to-one business meetings with international buyers. The steel technology symposiums and technology seminars taking place can also be used as an opportunity for participating companies to create new demand and help them to enter the Asian market. It is expected that companies will be able to find solutions to their high-value steel and metal material and eco-friendly issues by attending SMK2020.

operate from the same facility, in Walton Summit, Preston, UK. Belgrave & Powell is involved in specialist machine tool services, tooling manufacture and distribution, operating from facilities in Preston, Halifax and Tamworth in the UK. Businesses in the group include Weld UK, Dean Smith & Grace, GAC Rail, Techni-grind and Maydown International. Addition was a leading global

SPECIALIST engineering services group Belgrave & Powell has acquired the assets, IP and goodwill fromAddition Manufacturing Technologies, based in Preston, UK. The deal, for an undisclosed sum, involves the creation of a new company, Addison Forming Technologies, which will employ most of the Addition workforce. About 20 staff will switch to the new entity. The new company will

supplier of tube bending equipment and tooling to the aerospace, automotive and nuclear industries and, following the acquisition, Addison Forming will continue to offer a comprehensive range of services and products to its extensive customer base and will also now offer new solutions including auto- mation and robotics. Paul Ward, a partner in Belgrave & Powell, will lead the company as

Addition Manufacturing has been acquired

SMK2020 – the 6 th Steel & Metal Korea STEEL & Metal Korea 2020 (SMK2020) is Asia’s only steel and non-ferrous metal industry exhibition, hosted by the Gyeongsangbuk-do region, which produces 22.3 per cent of steel in Korea. It will be held at Daegu Exco on 4 November 2020.

High-performance, advanced metal and high-performance steel tubes and wire cables and eco-industrial infrastructure will be on display at the trade show. Korea was ranked fifth in global steel production in 2018 and steel consumption per capita was 1,130kg, which ranked it number one in the world. SMK2020 will display state-of-the- art metal materials and technologies for manufacturing 4.0 such as future automobiles (electricity, hydrogen), secondary batteries and IoT, focusing on the latest metal materials and technologies such as the top 10 high- value steel materials, high-performance steel pipes/wire cables, and eco-friendly

and safe facilities. It will also be looking at social issues such as environmental impact and industrial safety solutions regarding air pollution, greenhouse gases and waste. SMK2020 will provide an effective business platform for participating companies by holding ‘The 1 st Steel

SMK2020 www.eng.smk.or.kr

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SEPTEMBER 2020