INDUSTRY NEWS
Hypertherm transitions to a 100% employee owned company
systems, today announced the transfer of all its common stock into an Employee Stock Ownership Plan (ESOP), making the company 100% employee owned under an S-Corporation structure. With the redemption and
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purchase of all remaining shares into the HSOP, Dick and Barbara Couch seek to ensure the continuation of Hypertherm as an independent company living its core values and pursuing the long- term interests of its customers, associates and communities. Hypertherm’s “associate- owners,” already known for their customer focus, will be even more committed to providing the world’s leading industrial cutting solutions and to building long-term customer relationships founded on technology and service leadership. “The well- being of our associates and shared rewards have been cultural cornerstones of the company since our founding in 1968,” said Dick Couch, founder and chief executive officer. “Having the HSOP and GSVP own 100% of the company’s stock is a natural
ypertherm, a manufacturer of plasma, laser, and waterjet cutting
extension and completion of the journey we began in 2001.” “We have witnessed the amazing power of associate ownership since we launched the HSOP and GSVP,” added Barbara Couch, VP of corporate social responsibility. “We are delighted to transition ownership to our associates, who are best positioned to ensure that the company builds upon our strong culture, passion for technology and customer service, and commitment to our communities.”
The Super Alloy
Seldom does an alloy become a standard material of construction in a wide variety of industrial applications. Inconel Alloy 625 is, however, such an alloy. Jan Ward, CEO of Hampshire-based nickel alloy specialist, Corrotherm, explains its form and uses. Ever since its introduction to the market in the early 1960s, Inconel Alloy 625 has proven to be a valuable and versatile material that is able to solve a wide variety of design and application problems.
4 IMT February/March 2014
The alloy has the ability to resist low temperature aggressive corrosion environments, as well as hostile high temperature environments, and performs with a high level of strength that has enabled it to be specified frequently in a cross section of industries.
The original goal for the application of Inconel Alloy 625 was for main steam-line piping. Since then, it has been used extensively in a variety of
industries including, aerospace, chemical processing, marine and pulp & paper. As an indication of its versatility, slight modifications in composition and mill practice have dramatically increased the fatigue life of thin sheet, thereby increasing the design capabilities in critical turbine components. The excellent weldability of the alloy, and its ability to be joined very successfully to other alloys with different compositions, has also led to the use of Inconel Alloy 625
www.internationalmetaltube.com
filler metals for welding dissimilar materials.
The latest developments have led to Inconel Alloy 625 being used as weld overlaid or co-extruded product for superheater tubing and is playing a major role in the worldwide growth of Municipal Waste To Energy and bio fuel production.
More information on Corrotherm t: +44 (0) 2380 748 100
jacqui@lcm.co.uk www.corrotherm.co.uk
Hypertherm designs and manufactures advanced cutting products for use in a variety of industries such as shipbuilding, manufacturing, and automotive repair. Its product line includes handheld and mechanized plasma systems and consumables, as well as fiber laser and now waterjet products, in addition to CNC motion and height controls and CAM cutting software. Their systems are trusted for performance and reliability that result in increased productivity and profitability
for hundreds of thousands of businesses. The New Hampshire based company’s reputation for cutting innovation dates back more than 45 years, to 1968, with Hypertherm’s invention of water injection plasma cutting. The associate owned company has more than 1,300 associates along with operations and partner representation worldwide.
More information on Hypertherm t: +31 (0)165 596932
Yvette.leeflang@hypertherm.com
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