After some signs of improvement in November, the downturn in the UK manufacturing sector deepened in December, according to the IHS Markit/CIPS UK Manufacturing PMI®, which read 47.5. Production fell in response to declining intakes of new work from both domestic and overseas markets and at the sharpest pace in close to seven-and-a-half years. The […]
The IHS Markit Eurozone Manufacturing PMI® for December read 46.3, down on November’s 46.9, as the pace of decline in both output and new orders accelerated. Overall new orders fell sharply despite the weakest reduction in new export sales since the start of 2019. Seven of the eight countries in the zone recorded weaker PMIs […]
Doncasters Aerospace Ltd are delighted to announce they have recently been purchased by Radius Aerospace Inc. More details can be found on their website at Radiusaerospace.com
The German competition authority has imposed fines totalling around EUR 100 million on BMW, Daimler and Volkswagen for anticompetitive practices in the purchase of long steel products. Andreas Mundt, President of the Bundeskartellamt explained: “Between 2004 and the end of 2013 representatives of BMW, Daimler and Volkswagen regularly met twice a year with steel manufacturers, forging companies and large […]
Arlington Capital Partners has acquired Firth Rixson Forgings Limited from Arconic on undisclosed terms. Washington DC based Arlington Capital announced the acquisition on 2 December. Firth Rixson Forgings will become part of Forged Solutions Group, formed in November 2019 by Arlington Capital as its aerospace forging platform. Located in Sheffield, Firth Rixson provides complex closed […]
The IHS Markit/CIPS UK manufacturing PMI® for November read 48.9, down from October’s 49.6 and indicating that output, new orders and employment all declined month on month. The decline in output accelerated slightly as companies scaled back in the face of lower new order intakes and manufacturers eroded Brexit-related inventory builds. Domestic and export new […]
Success Through Integrity. Announcement – November 29th, 2019. IFA are proud to announce the acquisition of Doncasters Precision Forge from the Doncasters Group and its rebrand as IFA Precision Forge. IFA currently manufactures high-integrity, open-die forged components for OEMs and tier-one suppliers within the aerospace, nuclear, power generation, marine and oil and gas sectors. See […]
Press Release – Change of Ownership Arlington Capital Partners Announces Acquisition of Doncasters Group’s Blaenavon Forging Business and Creation of Forged Solutions Group WASHINGTON, D.C., November 18, 2019 – Arlington Capital Partners (“Arlington Capital”), a Washington, D.C.-based private equity firm, today announced the acquisition of Doncasters Group’s Blaenavon forging business (“Blaenavon” or the “Company”). Going […]
The Official Receiver confirmed that a sales contract has been entered into with Jingye Steel (UK) Ltd and Jingye Holding Ltd to acquire the business and assets of British Steel Limited. The sale includes the British Steel steelworks at Scunthorpe, UK Mills and shares of FN Steel BV, British Steel France Rail SAS and TSP Engineering […]