Friday, January 10, 2014

News: LSM renamed AMG Superalloys

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Rotherham-based London & Scandinavian Metallurgical Co Limited (LSM) has been renamed AMG Superalloys UK Limited.

The firm is a highly successful manufacturer of high specification metals and alloys and an acknowledged global leader in sustainable metal and powder technology. LSM recently celebrated its 75th year.

Last year, the aluminium business of LSM de-merged and now operates as AMG Aluminum UK Limited. The remaining firm has now been renamed as AMG Superalloys UK Limited with both set to continue to operate at the head office and main manufacturing plant on Fullerton Road and both remain part of the Dutch multinational, AMG Advanced Metallurgical Group N.V.

AMG Superalloys employs around 250 employees in Rotherham, with AMG Aluminum UK employing 80.

In 2007, a number of companies including LSM's parent company, Metallurg Inc. were combined to form the AMG Advanced Metallurgical Group N.V., which is listed on the NYSE Euronext stock exchange. The Rotherham sites come under its AMG Processing division.

AMG Aluminum was formed in 2011 by combining the aluminium activities of KB Alloys, LSM UK, and LSM Brasil with headquarters in Pennsylvania, United States.

The company produces highly engineered speciality metal products for the energy, aerospace, infrastructure, and speciality metals and chemicals end markets.

In the UK, AMG helps to control the cast structure in the production of high quality aluminium alloy products by producing grain refiners, alloying elements and hardeners, and also manufactures a variety of speciality alloys for special applications.

AMG Superalloys produces chromium metal, ferrotitanium, nickel boron and special powders. Compressor turbine blade producers require the very highest quality in their additives and utilise the firm's aluminothermic chromium metal to meet their demands.

Founded in 1938, LSM were awarded the prestigious Queen's Award for Enterprise in International Trade in 2013 for outstanding achievement resulting in substantial growth in overseas earnings. It exports over 85% of its specialised products for the steel, aerospace, superalloys, hard facing, welding and glass industries.

Exports account for 87% of turnover and grew over 50% in the previous three years with growth in mature and new markets including the USA, India, Sweden, Belgium, Turkey and Canada.

2013 also saw LSM lift the RBS Business of the Year Trophy at the Barnsley and Rotherham Business Awards.

In its latest financial results, AMG Advanced Metallurgical Group N.V. reported that revenue and earnings had decreased in the third quarter 2013 due to the speciality metals industry experiencing "double digit price declines."

An "unfavorable product mix" resulted in a 71% decline in AMG Superalloys gross margins but AMG Aluminum revenue increased 2% compared to the third quarter of 2012, despite slightly lower aluminium prices.

AMG Superalloys website
AMG Aluminum website

Images: AMG Superalloys

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