Hoganas reports strong growth, with Asia leading the way

April 21, 2010

An interim report from Swedish iron powder producer Hoganas AB suggests that the Powder Metallurgy (PM) industry is bouncing back from a difficult 2009.

CEO Alrik Danielsson commented on first quarter 2010 earnings “The Asian and South American markets remained strong in the first quarter. Sales volumes in China and India reached all-time-high level. Demand conditions in 2010 are uncertain, primarily in terms of Europe. We are especially pleased that we have been able to retain a sharp cost focus throughout the sales recovery of the past six months. This is also reflected in our income improvement in the first quarter.”

“Our research and development initiatives paid off in the quarter with results including a successful collaboration in laser surface coating for ship repairs. This opens new markets for our surface coating powders, and demonstrates the know-how Hoganas has accumulated in the laser surface coating segment.”

First quarter 2010 (compared to corresponding period of previous year) results show net sales of MSEK 1,548 (916) in the quarter, up 69% year on year. Sales volumes were 93% higher. Demand continued to improve on all markets and sales volumes in Asia and South America more than doubled.

Operating income was MSEK 282 (-111) and income after tax was MSEK 207 (-90). Volume increases and positive effects of cost savings had a positive effect on income.

Commenting on the outlook, Danielsson stated “The Asian and South American markets are strong, and a gradual improvement, although at an uncertain rate, is expected in North America. However, the assessment is that the underlying demand in Europe remains weak.”

The Hoganas statement reflects comments received from a number of metal powder producers that they are experiencing an unprecedented surge in demand from the PM industry, particularly in Asia.

In the latest issue of PIM International…

Download PDF

Extensive MIM, CIM industry and sinter-based AM industry news, plus the following exclusive deep-dive articles and reports:

  • Calling all product designers: Discover what Metal Injection Moulding could do for you through these award-winning parts
  • Binder Jetting of a dual-phase steel: Process insight and optimisation using the Master Sintering Curve
  • The rise of filament-based metal AM: New materials and machines present opportunities for MIM producers
  • Sinter-based Additive Manufacturing at the 20th Plansee Seminar on Refractory Metals and Hard Materials
  • Ceramitec 2022: Opportunities abound for producers of technical ceramics by CIM and AM

The latest news from the MIM, CIM and sinter-based AM industries

Don't miss any new issue of PIM International, and stay up to date with the latest industry news. Sign up to our fortnightly newsletter.

Sign up

News from the industry…

    Discover our magazine archive…

    The free-to-access PIM International magazine archive offers unparalleled insight into the world of MIM, CIM and sinter-based AM from a commercial and technological perspective through:

    • Reports on visits to leading part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news

    All past issues are available to download as free PDFs or view in your browser.


    Browse the archive


    Looking for suppliers of materials, production equipment and finished MIM, CIM or sinter-based AM parts?

    Discover suppliers of these and more in our advertisers’ index and buyer’s guide, available in the back of PIM International.

    • Metal powders
    • MIM, CIM & AM parts producers
    • Binders & feedstocks
    • Feedstock mixers
    • Furnaces & furnace supplies
    • Atmospheres & gas generation
    • HIP systems & services
    • Injection moulding machines
    • AM technology
    • Debinding systems
    Download PDF
    Share via
    Copy link
    Powered by Social Snap