. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . inDustry neWs
nounced it has begun a $23 million project to expand the casting and inspection areas of its Tacoma, Wash., metalcasting facility. The plant, referred to as Bradken En-
ergy, will see the addition of a 30,000- sq. ft. casting bay, which the company expects to triple its large casting pour- ing capability. Bradken will also add a 15,000-sq. ft. finishing bay dedicated to large castings. “The expansion is in the permitting process, and we are currently demol-
Bradken to Spend $23 Million on Tacoma Expansion ishing some old storage facilities to clear the site for one of the new bays,” said Bradken Energy President Stephen Gear. “We anticipate the addition of about 70 new positions once the ex- pansion is completed.” The expansion of inspection capa-
Bradken, Newcastle, Australia, an-
bilities will include a dial energy linear accelerator that will double the facility’s radiographic capacity. The expansion announcement came
shortly after Bradken announced an $18.1 million capacity expansion of its Amite, La., facility in early February.
METAL
Tyco International to Buy KEF Holdings
Tyco International Ltd., Princeton,
N.J., has signed an agreement to acquire a 75% equity stake in KEF Holdings Ltd., Sharjah, United Arab Emirates, for about $300 million. Privately-held KEF is a valve manu-
facturer and a provider of steel cast- ings to the oil and gas, chemical, mining and power industries. It has 900 employees and expected revenues of approximately $140 million in the 2011 calendar year. The business is 55% owned by a parent company that will retain a 25% equity stake follow- ing the close of the transaction. Dubai International Capital holds the remain- ing 45% of the company and will sell its interest in the business as part of the transaction. “This acquisition will enable us to
better serve customers doing business across the region by drawing on the considerable strengths and deep ex- perience of the KEF team in the areas of design, manufacturing and service,” said Patrick Decker, president of Tyco Flow Control. “This move significantly enhances our footprint in the region and provides us with a platform for our future growth and expansion.” The transaction is expected to close
in early summer, subject to customary closing conditions. “This transaction aligns KEF with a
global leader in valve manufacturing,” said Faizal Kottikollon, KEF’s founder and chief executive officer, who will remain with the company in a leader- ship role following the transaction. “Tyco’s product knowledge, operations expertise and advanced valve technol- ogy are a natural fit with KEF’s local manufacturing and channels into the Middle East market.” Tyco International provides security
products and services, fire protection and detection products and services, valves and controls, and other industrial products to customers around the world. It had 2010 revenues of $17 billion and employs more than 100,000. The com- pany’s Tyco Flow Control business seg- ment makes valves and controls, water and environmental systems, and thermal control solutions.
METAL 10 Metal Casting Design & PurChasing May/June 2011
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60