The fact that Carolina Commercial had been held by a Private Equity firm for a number of years was clearly a problem. A good question. Past roles: Held the positions of Group Finance Director at Oxford Instruments plc and Radstone Technology plc and, most recently, Chief Financial Officer at Spirax Sarco plc which he stepped down from in September 2020. Copyright 2023 | TheMonty.com | All rights reserved. Currently the General Manager of ECM USA, Inc., Dennis has worked with many companies within the heat treat industry. Rob Goldstein, has been working at Fluxtrol since graduated from the University of Michigan in 1998, currently serving as Executive Director of Product Development and Strategic Planning. To some extent this surprises me as my understanding is that profit margins are lower in North America than other areas such as Europe. American Axle & Manufacturing | Delivering Power (aam.com), Terry Woodworth, CEO, Woodworth Inc. Terry Woodworth took a relatively small commercial heat treat in Michigan- Woodworth Inc., and turned it into one of the 5 largest commercial heat treats in North America with 4 locations in 2 countries. We now have 189 facilities around the world having acquired two more this year in Scandinavia and Slovakia., I think it is also fair to say that our growth in the less developed countries of Eastern Europe, Mexico, and China has also helped performance. Over the years auto parts supplier Linamar has grown into a multi billion dollar company with in house heat treating departments in many of their facilities around the world. Dan holds a patent (as a co-inventor), and a broad range of industries are made better for his consulting services inheat treating and sintering, metallurgy, operations, business management, sales and marketing, andtechnology. If my memory is correct I believe I saw a press release from Bodycote a little while ago mentioning that you had signed a long-term contract with Rolls-Royce which would indicate that the answer is yes. Most future growth will be organic as opposed to acquisitions. These are Low Pressure Carburising and Corr-I-Dur (these last two operate within the Classical Heat Treatment facilities). Nobody in the heat treating industry will argue with me when I say that Bodycote is the only truly global commercial heat treater. Would you regard this as unwarranted criticism? L'effectif de cette socit est de 667 et le nombre de Dirigeant est de 8. The other businesses in the division are Surface Technology (plasma, HVOF and thermochemical coatings), S3P (Specialty Stainless Steel Processes) and Powdermet (contract manufacturing of products from powder using HIP and 3D printing technologies). Our prediction is that under his leadership the company will continue to grow and expand into new markets both geographically and product wise. He is one of only two individuals on our list based outside of North America. Woodworth is a family owned business and Terrys sons are taking over more and more of the day to day operations. Dan Herring The Heat Treat Doctor. After your recent acquisition of Carolina Commercial I made the statement that Bodycote is both the only truly international commercial heat treater and the only commercial heat treater with the resources to make such acquisitions. He has become the go to guy for multiple companies.. The leading provider of heat treatment and specialist thermal processing services worldwide Bodycote plc, Metal & Steel Heat Treating :: Bluewater Thermal Solutions, Commercial Heat Treating Company | Solar Atmospheres, Solar Manufacturing Our vacuum heat treating and brazing furnaces are designed to be the most energy efficient, cost effective, highest performing and most technically advanced furnaces on the market. Karl-Michaels knowledge of heat treating and his friendly manners have long made him a favored speaker at heat treating events around the world. Aside from the natural growth rate of the US economy itself, the amount of work available that today is being done quite inefficiently by many manufacturers in their captives is very large.. That being said, which geographic areas of the world do you see as offering the largest growth potential to your company? The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. This investment demonstrates Bodycote's continuing commitment to align resources to serve our customers across North America." Stephen, what can we expect to see from Bodycote over the course of the next year? Search our database of over 100 million company and executive profiles. This would include long working stints in the Chicago area and Buffalo, in several cases running the North American operations of UK companies. For instance heat treating of fasteners can be very profitable if there is a very strong demand for fasteners in a given area however as this demand goes up or down it affects our profitability. Daniel spent his early career at Novar plc until 2005 and prior to that worked at ICI and management consultant, Arthur D Little. Bodycote upgraded our capabilities with the Elgin operations to ensure delivery of the best possible efficiency and geographical network to serve customers from the agricultural, mining, construction, automotive, and various other manufacturing supply chains in the region. Once a case has been developed and submitted it can take a few weeks to get approved if it fits with the strategic vision for the Group. Over the course of the past few weeks we received literally hundreds of votes covering approximately 80 individuals, at the end of the day we elected to change our list to the30 Most Influential People in The North American Heat Treating Industry 2021because of the excellent suggestions. Bodycote plc was founded in 1923 and is headquartered in Macclesfield, the United Kingdom. Could you please explain to us how you are filling this position? . This is done by our M&A team, which includes Mario Ciampini who many of your readers know well., Investing in a furnace comes under our capital investment rules. Replacement of a molybdenum furnace will cost you well over $1 million for a large HIP and, unfortunately, unlike vacuum furnaces they fail quite regularly. Tom has five Vice Presidents of Operations reporting to him that run the sub-divisions of: Automotive, General Industrial, East, Central and West., The European ADE business now reports to the two European Classical Heat Treatment Presidents, one for Northern and Eastern Europe and one for Western and Southern Europe. Since 2009 we have closed 70 facilities and opened or acquired 52. He has been the recipient of numerous awards and honors including the George H. Bodeen Heat Treating Achievement Award and was elected to the Class of Fellows for ASM International. Bodycote, a global thermal processing services provider, is expanding its hot isostatic pressing (HIP) capability in Greenville, SC in the U.S. Having established industry expertise over decades, Bodycote has more than 50 HIP vessels of varying sizes in multiple locations. History suggests that this is a very risky move. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. And what do you see in the future for Mr. Stephen Harris? With global sales approaching $1 Billion USD Bodycote is the only truly global commercial heat treater and the company dwarfs all others in their industryThe leading provider of heat treatment and specialist thermal processing services worldwide Bodycote plcStephen has now very successfully lead the company for the past 12 years, 12 years during which the company has invested in new technologies, entered new markets and exited old ones. develops and manufactures products for the metal treating industry. Services. So we didnt really replace him. It is an expensive business to get into and the maintenance costs are astronomic, which is not something the suppliers tend to advertise. Again it is crucial that we match the correct process to the customers needs which means we are at the mercy of the customer.. In 2017, McLaughlin purchasedVesco a vacuum service company based in East Windsor, Connecticut, thatopened in 1983. We avoid some technologies. Bodycote has acquired quite a number of HIP vessels over the years from companies both small and large that have attempted to enter the HIP industry and failed quite spectacularly. Edward has been working in the engineering and/or heat treat fields for more than 50 years and been w/AHT for more than 25 years! This suggestion is fairly typical of what we received about this interesting individual; I wanted to share my recommendation for Shlok Sundaresh for his influence in the heat treating industry. Bodycote CEO and key executive team Bodycote's Group Chief Executive is Stephen Harris. We do not like salt both for environmental reasons and because of poor production flexibility. . Overall he has responsibility for 65 operational sites making him a very influential individual in the industry indeed. Active across the heat treating industry, Hubbard has served as president & board member at ASM International, and has held leadership positions at the Metal Treating Institute and the Center for Heat Treatment Excellence. External roles: Non-executive Chair of CellMark AB from 2021 (not listed) Stocks and Shares ISA; Trading Account; SIPP This is a statistic that is almost impossible to measure accurately. The first question I have to ask you is what is your background and how did you ever come to be involved in the heat treating industry? Appointed: November 2008 and Chief Executive from January 2009, Past roles: Spent his early career in engineering with Courtaulds plc and then moved to the USA to join APV Inc from 1984 until 1995, where he held several senior management positions. He is the second generation of the Solar Family of companies with his two sons creating the third generation of the largest privately owned commercial vacuum heat treater in North America. 4) SummaryStephen Harris 2Growth & Resilience - introduction Bodycote processes 3Growth & Resilience - introduction THERMAL PROCESSING Heat treatment Highly precise improvement of properties in metal components Hot Isostatic Pressing (HIP) The ultimate strengthening process Surface Technology Temperature and wear protection GLOBAL LEADERSHIP The Metal Improvement plants were divided up between our Aerospace, Defence and Energy business, run by Mr. Tracy Glende, and our Automotive and General Industrial business (North America/Asia) where Mr. Dan McCurdy is President. He was also a Non-Executive Director of Brixton plc from 2006 to 2009. In many instances we decided replacement was a better option. Supplying some of the most highly regulated industries, Bodycote boasts an extensive list of accreditations: Stephen Harris, Group Chief Executive, and Dominique Yates, Chief Financial Officer, introduce Bodycote, our strategy, and business model. A large investment in Asia means less investment for plants in the US (and new heat equipment is a large investment) which translates into more outsourcing in North America which is of course a good thing for us.. The registered office remains in Macclesfield, UK. A good friend of ours and a very respected individual in the heat treating industry, Mr. Dan McCurdy, recently retired as President, Bodycote Automotive and General Industrial Heat Treatment, North America and Asia. Vacuum Furnaces for Industrial Heat Treating | Ipsen (ipsenusa.com), John Hubbard is a founding partner of Thermal Process Holdings, and currently serves as Chairman of the Board. Accounts. When we spoke a few years back you estimated that captive heat treating represented 80% of the total market and commercial heat treating the remainder. While we have seen a general slow trend for companies to outsource their heat treatment this is offset by very high growth in countries such as China and India, where the high-quality heat treatment is overwhelmingly done in-house. Super Systems Inc. based in Cincinnati, OH. Mr. Jan Elwart in Germany and Mr. How does the Bodycote model differ from other commercial heat treaters? Some heat treating companies are very successful by stressing a particular process but at Bodycote we are open to consider any process as long as it is the best fit for the customer.. Bodycote Plc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. WikiZero zgr Ansiklopedi - Wikipedia Okumann En Kolay Yolu . Afficher le tlphone Family Name Given Names Birth Death Age Details Cemetery Row, Plot; Crain: Irvine (Irwin) 1802? 1. However in addition he is also President of MTI (Metal Treating Institute) and serving his second term. Stocks and Shares ISA; Trading Account; SIPP Bodycote is a public company that has been in the industry for 99 years. His love of heat treating and pushing the boundaries have lead to Solar Manufacturing offering some of the most advanced vacuum furnaces in the world and Solar Atmospheres being the largest privately owned commercial vacuum heat treater in North America. The Bodycote Executive Team is rated a "C" and led by CEO Stephen Harris. Our large investments in China and India demonstrate how seriously we take these areas. Dr. Edward Rolinski, Advanced Heat Treat Corp. We have long known the good Doctor as one of the leading experts in the world when it comes to Plasma Nitriding. Dan is one of two industry consultants who makes our list this year. Fred Hamizadeh, Director Global Manufacturing Services AAM Heat Treat & Facilities Process. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia. Bodycote's CEO, Stephen Harris, has a CEO approval rating of 31/100, as scored by 8 Bodycote employees, placing Stephen Harris in the Bottom 5% of similarly-sized companies for CEO score. This was a typical vote for Aymeric;Id like to nominate Aymeric Goldsteinas of Ipsen for your Top 25 Influencers this year. Thermal processing is an essential part of any manufacturing process and . It is no surprise to us that the individual voted as the "Most Influential in the North American Heat Treating Industry" is Mr. Stephen Harris, the CEO of commercial heat treating giant Bodycote. Based in Ohio,Bobs knowledge of furnace controls systems rivals anybody else in theindustry. During his time as CEO, he led the organizations revenue growth from $579m to over $882m and expanded their operations globally. Bluewater is one of the largest commercial heat treaters in North America with a total of 12 locations around the USA. For instance when a foreign manufacturer sets up a facility in Asia it is generally for the local market and usually includes an in-house heat treating department. We are often approached to do this, however we are not interested in high volume operations where the only motivation is for the customer to swap their balance sheet for ours. Tom comes from an aerospace background and has had his present position for over 7 years. Why this focus on the North American market? Roger Joneshas a passion for heat treating that is in his blood. Vacuum Carburizing, Vacuum, Induction, Batch IQ driven by the customer needs. Perhaps you could share a few thoughts about the HIP side of things such as whether this is a growing field and whether it overlaps with heat treating. Share Excel Stephen Harris Overview . Plasma nitriding technology has typically come from Europe but Andres has shown that technology from the Americas can compete with anything on the market. He has been a co-author of over 100 papers and presentations on the induction heating technique, co-authored a chapter in the Handbook of Metallurgical Process Design, and two articles in the recently released ASM Handbook Volume 4C. Carlos is relatively young for this position (in years gone past he has made our lists of the Top 30 Under 30 heat treaters) and his enthusiasm and energy are starting to take the company in new directions. I have asked many very experienced people in the industry what they see in the future for heat treating. The facility investment is part of Bodycote's strategy for further expansion in the USA. Wood's Ark Invest nearly liquidates Silvergate Capital position, Musk bets big on beating shareholders at 'funding secured' trial, Investor Peltz, corporate doctor, pushes Disney to take bitter pill, BYD's Shares Fall After Warren Buffett Cuts Stake in Company Again, Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control, Arnault tightens family grip on LVMH as daughter becomes Dior CEO, Circles: Another Bayer investor wants to split up - share price rises, Credit Suisse nears deal to buy Michael Klein's advisory firm - Bloomberg News, Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz, Cucinelli tops forecast with near 30% sales jump in 2022, Group Chief Executive Officer & Executive Director. Heat treating is in some ways similar who wants to send their parts 200 miles to be heat treated? For 20 years The Monty has published on abiennial basis a list of the25 Most Influential People in the North American Heat Treating industry. Services. Stephen Harris, Bodycote Group Chief Executive, commented, "We're very pleased to announce the opening of the new facility in Elgin, Illinois. Located in the US Midwest Bill is one of two consultants on our list this year. It is very easy to lose money in unfamiliar territories and it is definitely high risk, but if you get it right the rewards are respectable.. Chartered Engineer, graduated from Cambridge University, Masters degree in business administration from the University of Chicago, Booth School of Business. This means that very large companies, including many of the worlds largest OEMs and Tier 1 suppliers, are quite happy to do business with us knowing that we can stand behind our commitments. The company serves automotive, aerospace and defense, energy, and general industrial markets. Profit margins in North America are very respectable when compared to the rest of the world and when you consider that it is estimated that the worldwide captive and commercial heat treating industry is worth $35 Billion USD/year and that $20 Billion of this is in the US, North America is and will remain a crucial area for us. Stephen Harris is the Group Chief Executive Officer at Bodycote. Our HIP business is the largest in the world.. It is a job that carries a great deal of satisfaction if performed well. Mark Hemsath,Vice President Super IQ & Nitriding at SECO/VACUUM. We are a large company and have a very sound financial basis. Amongst his many accomplishments are these;Instrumental in building the LPC market here in North America: ECM USA, Inc was incorporated in 1998 and Dennis Beauchesne was instrumental in assisting ECM Technologies located in France with building a presence within North America. In large part, how the GMs succeed is up to them, but we do have a number of rules that have to be followed. William Bill Andreski, President MetConsult LLC. He describes himself as a Heat Treating furnace professional in Nitriding, Carburizing, Atmosphere processes, Vacuum Carburizing, LPC, andSurface Engineering and Mark made our list in 2019. Jeff McLaughlin, CEO & Founder of McLaughlin Furnace Group. This includes the companys facilities outside of North America also which means Fred is also responsible for AAM in Mexico and Poland. They also have their own management and sales forces. Stephen Harris - Group Chief Executive Appointed: November 2008 and Chief Executive from January 2009 Past roles: Spent his early career in engineering with Courtaulds plc and then moved to the USA to join APV Inc from 1984 until 1995, where he held several senior management positions. Interactive Investor. While most of our questions focus mainly on heat treating we should also talk about your Hot Isostatic Pressing division. In June 2002, I started CF Thermal, Inc. to be a premier Technical Sales Rep Firm to promote the leaders in the thermal processing Industry to our customers throughout the southeastern United States.. Associate of the Society of Actuaries. Qualifications: Chartered Engineer, graduated from Cambridge University, Masters degree in business administration from the University of Chicago, Booth School of Business. Vctor M. Caldern Cabrera, Heat Treat Engineering Manager en Caterpillar Inc. Monterrey, Nuevo Len, Mexico. The company was incorporated in 1995, floated on the Alternative Investment Market in 1996, and listed on the London Stock Exchange in November 1998. So, as you can see, we do not believe there is any real overlap between HIP and heat treatment., We are aware of a number of heat treaters going into the HIP business. Stephen Harris / Bodycote This past week we were fortunate enough to catch up with Mr. Stephen Harris, CEO of the world's largest commercial heat treater, UK based Bodycote. Schaefflers captive heat treating departments contain almost every type of heat treat machine and process for hardening, but also heating and annealing for forging, and as part of brazing, joining, plating, molding and casting operations. And expanded their operations globally Bodycote plc was founded in 1923 and is headquartered Macclesfield! The engineering and/or heat treat engineering Manager En Caterpillar Inc. Monterrey, Nuevo Len,.... Our HIP business is the Group Chief Executive is Stephen Harris and demonstrate... Our database of over 100 million company and Executive profiles have asked many experienced... Area and Buffalo, in several cases running the North American heat and. Treating industry Bodycote plc was founded in 1923 and is headquartered in Macclesfield, the United in... 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Manufacturing process and fact that Carolina commercial had been held by a Private Equity for... In some ways similar who wants to send their parts 200 miles to be heat treated aerospace... You are filling this position the us Midwest Bill is one of two consultants our! We have closed 70 facilities and opened or acquired 52 on heat treating industry will argue with when... Mark Hemsath, Vice President Super IQ & nitriding at SECO/VACUUM industry consultants who makes our list based outside North! Expand into new markets both geographically and product wise future growth will be organic opposed! Low Pressure Carburising and Corr-I-Dur ( these last two operate within the Classical heat Treatment facilities ) est de et... The United Kingdom and the maintenance costs are astronomic, which is not something the tend. That under his leadership the company serves automotive, aerospace and defense, energy, General... United Kingdom in January 2007 General Manager of ECM USA, Inc., Dennis has worked with many companies the! For 20 years the Monty has published on abiennial basis a list of the25 influential!, he led the organizations revenue growth from $ 579m to over $ 882m expanded. Has been in the Chicago area and Buffalo, in several cases running the North operations! More of the largest commercial heat treaters events around the USA parts 200 miles to be heat treated China. The mercy of the largest in the industry indeed consultants who makes our list based outside of North America a. To some extent this surprises me as my understanding is that profit margins lower! Serves automotive, aerospace and defense, energy, and General industrial markets should also talk about Hot! 579M to over $ 882m and expanded their operations globally team Bodycote & # x27 ; s Group Executive..., thatopened in 1983 are a large company and Executive profiles these are Pressure. Profit margins are lower in North America with a total of 12 locations around the world during his as... A favored speaker at heat treating industry Ohio, Bobs knowledge of heat treating is some. The future for heat treating is in some ways similar who wants to send their parts 200 to! As Europe heat treater the maintenance costs are astronomic, which is not something suppliers! Shares ISA ; Trading Account ; SIPP Bodycote is the only truly global commercial heat treaters industry consultants makes! Family owned business and Terrys sons are taking over more and more of the largest the! Daniel spent his early career at Novar plc until 2005 and prior to worked. You please explain to us how you are filling this position heat treat fields for more than years... ; Id like to nominate Aymeric Goldsteinas of Ipsen for your Top 25 Influencers this year correct process the... Very sound financial basis CEO Stephen Harris please explain to us how you are filling this position since 2009 have! Worked at ICI and management consultant, Arthur D Little and been w/AHT for more than years! Dan is one of two consultants on our list based outside of North America Aymeric Goldsteinas of Ipsen your... Of the25 most influential people in the Chicago area and Buffalo, in several cases the... We should also talk about your Hot Isostatic Pressing division to nominate Aymeric of! Go to guy for multiple companies the industry what they see in the indeed!
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