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BOY Bodycote Plc

691.00
-5.00 (-0.72%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bodycote Plc LSE:BOY London Ordinary Share GB00B3FLWH99 ORD 17 3/11P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -0.72% 691.00 695.00 697.00 698.00 686.00 688.00 271,183 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metalworking Machinery, Nec 802.5M 85.6M 0.4491 15.50 1.33B

BODYCOTE CONFIRMS EUROPEAN EXPANSION IN HOT ISOSTATIC PRESSING

24/01/2018 11:08am

ADVFN NewsWire


NEW MEGA-HIP VESSEL SCHEDULED FOR 2018 DELIVERY

Macclesfield, UK -- January 24, 2018 -- ADVFN NewsWire -- Bodycote, the world's largest provider of heat treatment and specialist thermal processing services, is pleased to announce that its Sint Niklaas, Belgium, Hot Isostatic Pressing (HIP) location will take delivery of a new "Mega-HIP" unit which will be operational by the end of 2018.

The new high pressure, high temperature Mega-HIP is Nadcap capable to meet the growing demand of the European aerospace market over the next five years and beyond. This investment will significantly increase Bodycote's Nadcap HIP capacity globally, in addition to the substantial increase in Nadcap capacity which Bodycote completed in 2017. These recent investments highlight Bodycote's commitment to expand its global HIP capacity to meet market requirements.

In addition to aerospace, Bodycote HIP serves clients around the world in markets as diverse as medical, power generation, marine, nuclear, automotive and electronics with both HIP services and its Powdermet® technologies. The recently launched Powdermet® technologies incorporate new, patent-pending techniques that combine 3D printing with well-established net shape and near net shape (NNS) techniques. This new hybrid technology dramatically reduces the manufacturing time and production cost of a part compared to producing the same part using 3D printing alone.

Bodycote operates the world's largest HIP equipment network and continues to invest in recognition of growing demand for HIP technology. Having established HIP expertise over several decades, Bodycote has over 50 HIP vessels of varying sizes in multiple locations. Processing capability can accommodate components which are nominally up to 2m diameter by 3.5 m high; and weighing 0.1kg to over 30,000kg. In addition to standard quality and environmental accreditations, Bodycote's HIP facilities also hold ASTM and NORSOK accreditations.

- Ends -

About Bodycote

With more than 180 accredited facilities in 23 countries, Bodycote is the world's largest provider of heat treating and specialist thermal processing services. Through classical heat treatment and specialist technologies including Hot Isostatic Pressing (HIP), Bodycote improves the properties of metals and alloys, extending the life of vital components for a wide range of industries, including aerospace, defence, automotive, power generation, oil & gas, construction, medical and transportation. Customers in all of these industries have entrusted their products to Bodycote's care for more than 30 years. For more information, visit www.bodycote.com.

For more information, please contact:

Jim Sheard, Senior Vice President, Sales, Hot Isostatic Pressing

Email: jim.sheard@bodycote.com

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