Part of Sandvik Tooling sold to machine tool builder

2007-12-04 Manufacturing News

Web	www.jobwerx.com
jobwerx.tradepub.com

Machine tool building pioneer and one of the leading producers of metal cutting machine tools purchases Sandvik Tobler, part of the Sandvik Tooling business area.

Sandvik Tobler SAS, France, part of Sandvik AB's Tooling Business unit, has been purchased by Mori Seiki Co.Ltd, Nagoya, Japan, a global machine tool company that manufactures and sells lathes and multi axis turning centers to the automotive, aerospace, energy, engineering and medical industries.

Sandvik Tobler with operations in Louvres, employing approximately 80 personnel, develops and produces precision chucks, mandrels, clamping solutions and other tooling primarily for the automotive and aerospace industries.

“The divestment of Sandvik Tobler entails the discontinuation of an operation that is outside the business area's core operation,” says Anders Thelin, President of Sandvik Tooling.

Mori Seiki is a pioneer in machine tool building and one of the leading producers of metal cutting machine tools. Mori Seiki and Sandvik have cooperated for many years in the field of metal working. In June 2005 MORI SEIKI set a clear example by establishing a new Technical Center and the European Headquarters in Paris.

The sale of the Tooling Business, Sandvik Tobler, France to Mori Seiki, is expected to be concluded in January 2008, subject to approval by the relevant authorities.

About Sandvik AB
Sandvik's business concept is based on a unique competence in materials technology. This has resulted in a world-leading position in three core areas:

. Cemented-carbide and high-speed steel tools for metalworking applications and blanks and components made of cemented carbide and other hard materials.
. Machinery, equipment and tools for rock-excavation.
. Stainless and high-alloy steels, special metals, resistance materials and process systems.

The Sandvik group had at the end of 2006 about 42,000 employees and representation in 130 countries, with annual sales of more than EUR 7,000 M.

Read a recent press release about -
. ThyssenKrupp purchases aerospace materials provider Apollo Metals
ThyssenKrupp Services AG is expanding its aerospace materials services activities by acquiring a 100 percent stake in the UK based company Apollo Metals Group.

Tooling Engineer Jobs - Post Employment Opportunity Now! Our Dedicated Portal Helps U- $ave

American Management Online Certification Programs

Certificate In Strategic Supply Management
Become a best-in-class supply management organization!
CEU Credits: 2 (Choose 5 or 6 program courses for a total of 10 CEU's)
Course Objective - Teach procurement professionals how to establish and operate a supply management department that achieves strategic objectives. Start Today!

Protect your network from hackers, malware, and other malicious attacks.
Buy #1 AdAware 2007 Now!

Click here to view more industry news.

E-mail this page to a friend

100's of More Titles

News / Resources

- Delcam to reinforce moldmaking leadership at Euromold

- Small Quantity Specailist - Order Online - Plastics, Metals, Tool Steel and ...

- All the Industry News

- Changing Jobs? View a Wide Range of Real Estate Nationwide

- 2007 AdAware Release - #1 Anti-Spyware Protection - Buy Now!

- Golf Equipment Manufacturer -Buy Direct U-$ave Big!

- Satellite TV on Your PC - Shocking discovery they don't Want you to know

American Management Certification Courses

Certificate In Business Communications Management Example : Planning and Leading Productive Meetings 2 CEU(s).
Choose 5 or 6 courses for a total of 10 CEU's. View sample chapters.
Sign Up for Any One or All of These Courses Here!