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Signicast Expands Precision Casting Capabilities into Europe with Acquisition of CIREX

In a move that will expand the precision casting leader's footprint outside the US, Signicast, a Form Technologies company, has announced that it has signed an agreement to acquire CIREX, a European investment casting specialist based in the Netherlands, from Amsterdam based investment companies Convent and Nedvest.


Heidelberg reaches important strategic milestones – forecast for year as a whole confirmed

Order backlog of €804 million in Q3 indicates strong final quarter

Nine-month sales of €1,693 million approximately 2 percent up on previous year
Solid operating result (EBITDA) of €101 million – net result after taxes improves
Targets for financial year 2018/2019 as a whole still in sight

Bobst Group SA confirms sales guidance and expects slightly lower operating result (EBIT) than foreseen for the full year 2018

For the full year 2018 sales increased to CHF 1.63 billion compared to CHF 1.53 billion in 2017. The operating result (EBIT) is expected to be around CHF 85 million which is slightly lower than the target foreseen in November 2018 (higher than CHF 90 million), taking into account some additional transformation measures in the Business Unit Web-fed.

Stora Enso launches profit protection programme to strengthen competitiveness

Stora Enso is implementing a profit protection programme intended to achieve an annual cost reduction of EUR 120 million as well as reduction of capital expenditure by about EUR 50 million compared to the earlier announced forecast. The programme includes plans to reduce costs at the Ala and Imavere sawmills and a plan to close paper machine 6 at Imatra Mills.

Baumer hhs doubles its presence in Berlin and enhances customer proximity with new facility in the German capital

Baumer hhs’s 25 employees in Berlin relocated in early January 2019 to a new facility that is contemporary, impressive and designed for optimum functionality. Conveniently located on Max-Dohrn-Strasse in the Charlottenburg-Wilmersdorf section of Berlin and easily accessible by all modes of transportation, the new complex doubles the presence of the Krefeld-based manufacturer of glue application and quality assurance systems in the capital city. The new building has also become an attractive meeting place for visitors from all over the world.


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