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GKN AM "parts now flying on seven platforms"

At metal-am.com - GKN sees first half 2017 sales grow with focus on electrified drivetrains and Additive Manufacturing - July 28, 2017

The introduction:

GKN plc has reported another period of growth for the global engineering group in the six months ended June 30, 2017. Sales were up 15% across the group to £5,212 million, with profit before tax reported to be up 14% to £393 million (on management basis) for the first half 2017.

“We made progress in the first half and are on track for the full year. We are performing well against our key markets, demonstrating once again the strength of our businesses, strong market positions and leading technology,” stated Nigel Stein, Chief Executive of GKN. “Our focus on innovation in key areas such as electrified drivetrains, Additive Manufacturing and Industry 4.0 is paying dividends and underpins our confidence in the longer term.”



The concluding section:

GKN Aerospace sales up to £1,809 million for first half 2017

With first half 2017 sales of £1,809 million GKN Aerospace achieved a trading profit of £168 million, compared to sales of £1,809 million and trading profit of £161 million in 2016.

Progress in the development and application of Additive Manufacturing in GKN’s aerospace division was said to have continued in the first half of 2017. Momentum increased in both free form and powder bed with both technologies in production, new orders won and parts now flying on seven platforms across the commercial, military and space markets. This is said to be a key area of focus for the group.

Among GKN Aerospace’s key achievements for the first half of the year, the signing of a research/partnership agreement with the US Department of Energy’s Oak Ridge National Laboratory was noted. The partnership will work to progress the use of Additive Manufacturing in the manufacture of major structural components for aircraft.




At gkn.com - GKN PLC RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2017 - 26 07 2017

Full PDF press release at gkn.com -
GKN plc Results Announcement for the six months ended 30 June 2017 - 26 July 2017