And what do you see in the future for Mr. Stephen Harris? That being said, which geographic areas of the world do you see as offering the largest growth potential to your company? The company also provides surface technologies, which are used to prolong the working life of components and protect from environmental factors, such as corrosion and abrasion. If a plant does well it is down to the GM. The purpose-built facility demonstrates Bodycote's commitment to serving the Midwest and helps us to shape the future of both our company and the industry." Based in Ohio,Bobs knowledge of furnace controls systems rivals anybody else in theindustry. Services. Rob works extensively with the ASM Heat Treating Society, especially in the area of technical programming for the bi-annual Heat Treat Conference. Chair of Low & Bonar plc from 2018 to 2020, Non-Executive Director and Chair of the Remuneration Committee of Chemring Group plc from 2016 to 2018 and Chair of Nonwovens Innovation & Research Institute from 2014 to 2015. The facilities are better laid out and far safer than they used to be. Stocks and Shares ISA; Trading Account; SIPP While the general direction was set at the top level we have always believed that most decisions need to be made at the local level so our local managers have a great deal of decision making responsibility. Bodycote employees rate their Executive Team in the Bottom 40% of similar size companies on Comparably with 1,001-5,000 Employees. If customer service falls at a facility, profits soon follow., In addition to hiring great people, a lot of capital investment has been required to enhance the plants. For instance, if the GM of plant XYZ wants a new furnace how long a process would it take to put this in motion? 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. Super Systems Inc. based in Cincinnati, OH. Tom is based in Texas and is President, Aerospace, Defense & Energy, Heat Treat and Surface Technology at Bodycote which is one of two Bodycote divisions, the other being the AGI division (Automotive & General Industry). External roles: Non-Executive Director of Huttig Building Products Inc., a NASDAQ listed international distributor of construction products since 2015. When we spoke all those years ago one of the main topics concerned two acquisitions you had recently made, Metal Improvement and Carolina Commercial. Based in the UK (where Stephen is located), Bodycote has over 180 facilities in 23 countries with 67 locations in North America. Chartered Engineer, graduated from Cambridge University, Masters degree in business administration from the University of Chicago, Booth School of Business. So we didnt really replace him. Accounts. With the largest HIP operational capacity in the world, our continued investment demonstrates Bodycote's commitment to align resources to serve our customers across North America." www.bodycote.com In this position Geoffrey has ultimate authorityoverproduct development,marketingand new technologies. This includes the companys facilities outside of North America also which means Fred is also responsible for AAM in Mexico and Poland. We have learnt that these two different types of customers require a different focus. Having established industry expertise over decades, Bodycote has more than 50 HIP vessels of varying sizes in multiple locations. One of our favorite questions when doing an interview is to ask how each individual got involved in heat treating. We also have two other specialist technologies which are heat treatment types of processes. 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. Its surface technologies include anodizing, ceramic, flame and combustion spraying, high velocity oxygen fuel, plasma spray, electric arc spraying, aluminide coatings, liquid coatings, and thermo-chemically formed ceramic coatings to enhance wear resistance. In addition to Thermal Process Holdings, Mr. Hubbard also serves as Non-Executive Board Member for Cronite Innovative Group, the leading provider of high temperature resistant castings for the heat treating industry. Instead, we will be working with the OEMs, such as Rolls-Royce, and will take the products before they have ever been treated in-house.. We sat down and made conscious decisions about what needed to be done and those decisions turned out to be the right ones for the company. 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. 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. 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For more information on Bodycote, visit www.bodycote.com - Ends - About Bodycote Along the way he revolutionized the way brake rotors for the auto industry are processed, namely throughFerritic nitrocarburizing (FNC) in very large tip up style furnaces. Stocks and Shares ISA; Trading Account; SIPP It a tough job but the rewards can be high. Dennis has been a part of the North American Heat Treat industry for over 20 years. Part II of this question would be: is the company still interested in taking over the heat treating requirements of some of these captives? 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. Stephen Clive Harris, Bodycote PLC: Profile and Biography - Bloomberg Markets Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information US Edition Subscribe Live. The company serves automotive, aerospace and defense, energy, and general industrial markets. However (and there is always a however) I have heard many times over the years that the company is so large that it makes it difficult to compete with smaller more nimble heat treaters. Product Quality Score Comparison. Although Bill has the rather modest title of Sales & Marketing Director at furnace builder Gasbarre a number of people pointed to Bill as the real driving force behind the company (please note that furnace manufacturing is only a part of Gasbarres business, the company also offers other products such as presseshttps://www.gasbarre.com/ ). Bluewater is one of the largest commercial heat treaters in North America with a total of 12 locations around the USA. Plasma nitriding technology has typically come from Europe but Andres has shown that technology from the Americas can compete with anything on the market. Customer service is, of course, a key attribute in our industry. He was appointed to the Board of Powell Duffryn plc as an Executive Director in 1995 and then went on to join Spectris plc as an Executive Director from 2003 to 2008. This is a bit of a loaded question as I know that the company has always focused on taking over captive heat treating operations so to rephrase this question slightly do you believe that growth in the future will be more through acquisitions or by taking over heat treating requirements that are currently done in house by manufacturers? Guy Prunel in France.. 12. Roger has used his knowledge of Heat Treating to help educate others by writing and publishing several technical papers on Heat Treating and Materials Process as well as traveling to and teaching at conferences and local ASM chapters all over the country. External roles: None. Based in the USA Geoffrey has been CEO of the Ipsen Group for the past two years which means he oversees the companys operations around the world. Of course, it didnt help that shortly after acquisition there was a fire that destroyed one of the facilities. Prior to founding Aerospace Testing & Pyrometry, Andrew previously held positions as Vice President of Pyrometry Services and Director of Pyrometry Services for a large commercial heat treater and Vice President and Quality Control Manager for a small family owned business. Just click the envelope beside your performance below to notify us and get it on your profile. He holds an MBA and a Bachelor of Metallurgical Engineering degree from Cleveland State University. The company operates through Aerospace, Defence & Energy; and Automotive & General Industrial segments. In 2006 he took on the role of Group Finance Director with Royal Mail Holdings plc leaving in 2010. Prior to that, Mr. Hubbard served as President & Owner of Hinderliter Heat Treating Inc., a North American heat treating group that specializes in sub-contract heat treatment, where he led the firms growth from a $1m firm into one of the three largest heat treating groups in North America. Now, granted 2009 was the depth of the worst recession since the 1930s but this still represents a tremendous appreciation. Karl-Michaels knowledge of heat treating and his friendly manners have long made him a favored speaker at heat treating events around the world. The Bodycote name is most closely associated with heat treating but I know that your Hot Isostatic Pressing Division is very successful. Since 2009 we have closed 70 facilities and opened or acquired 52. Mr. Rich Ott. This investment demonstrates Bodycote's continuing commitment to align resources to serve our customers across North America." What is the salary of Stephen Harris? Jeffs steady leadership has transformed our company from a collection of individual plants/operations into a major player in the US heat treating market., We were truly astounded at the number of votes we received for Shlok from areas all around the US and Canada (an interview with Shlok can be found at Mr. Shlok Sundaresh , Engineering Manager-TS USA (HEF Group-North America) | The Monty) 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. At Bodycote, Stephen Harris has 13 colleagues including Eva Lindqvist (Director), Ian Duncan (Director) Homonyms. Nobody in the heat treating industry will argue with me when I say that Bodycote is the only truly global commercial heat treater. We have done a lot to improve the business. In the past year you have made two major acquisitions in North America, Metal Improvement and Carolina Commercial. External roles: Non-Executive Director of EMIS Group since 2014 and Chair of the Audit Committee since 2019. Industry applications are wide-ranging, with early adoption expected in aerospace, oil and gas, power generation and mining". Fred is one of 3 individuals on our list this year involved in the in house heat treating industry (the other two are Chris Otten of Schaeffler Bearings and Rich Ott of Linamar). From its inception in 2004, Todd Wenzel has served as President of Throughput Consulting, Inc., an enterprise software consultancy serving the Metal Treating industry. We avoid some technologies. Qualifications: Chartered Accountant, qualified with Deloitte & Touche after graduating from University of Oxford. While my job history is varied it would be best described as a general industrial background. 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. The Carolina Commercial acquisition raised a few eyebrows at the time due to the relatively high sale price. A metallurgist by background Bill works both as a consultant and also as a independent manufacturers rep for several industry suppliers. Both Metal Improvement and Carolina Commercial are profitable, well run companies so we do not plan on any major changes although we are making new investments in these facilities. https://www.paulo.com/. Regulatory News Articles for Bodycote Plc Ord 17 3/11P Commenting on the increased capacity, Stephen Harris, Bodycote Group Chief Executive, said, "We are pleased to address our customer needs by bringing HIP services closer to their facilities. Past roles: Worked on a variety of audits with Deloitte & Touche, followed by four years with Dresdner Kleinwort Wasserstein. At the end of the day, we are an aggregator and we need equipment that allows us to do this. Are there any exciting new developments you could share with us? Non-Executive Director and Chair of the Audit Committee of Polypipe Group plc from 22 September 2020. We often hear about small commercial heat treaters that venture into doing business under onerous trading terms which they are happy to sign. R&D Nitrex Metal. Vacuum Carburizing, Vacuum, Induction, Batch IQ driven by the customer needs. This investment demonstrates Bodycote's continuing commitment to align resources to serve our customers across North America." 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. Non-Executive Director of Transmode Holdings AB from 2007 to 2013, Blekinge Institute of Technology from 2010 to 2013, Tieto Corporation from 2010 to 2016, Assa Abloy from 2008 to 2018, Caverion Oy from 2013 to 2018, Alimak Holding from 2015 to 2018, Micronic Mydata AB from 2013 to 2016, Mr Green & Co AB from 2016 to February 2019 and Sweco AB from 2013 to 2020. The firm switched to Real Estate Investment Trust status when REITs were introduced in the United Kingdom in January 2007. 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.. Interactive Investor. I am not sure whether you care to answer this question but which is the most profitable for the company and which is of most interest to you personally? 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. HSBC Bank plc, Barclays Bank PLC, The Royal Bank of Scotland plc, Svenska Handelsbanken AB, UniCredit Bank AG, ING Bank NV, Wells Fargo Bank, NA and KBC Bank NV, Solicitors We have had the privilege of working with Ron for quite some time and can say he is a good man who knows his stuff. We require a specific rate of return that depends on the risk. 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. Fair statement in your opinion? Gary will try anything if it results in a win/win for AHT and the customer. Originally from France he has enormous knowledge of vacuum carburizing and was instrumental in introducing acetylene to the process. 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. 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 most of our questions focus mainly on heat treating we should also talk about your Hot Isostatic Pressing division. Non-executive Chair of Aquaspersions Group from 2021 (not listed). Bodycote Regulatory News. Care to give us a bit of background about this portion of the business and how it compares to heat treating in terms of revenue? Bodycote. Home | Linamar. With these 2 large acquisitions under your belt would it be fair to say that you see the future growth of Bodycote to be mainly through acquisitions? When you started in 2009 the Bodycote share price was 122 pence; November 27th 2019 the share price stood at 887 pence. When it comes to captive heat treating our largest opportunity comes when a customer adds a new product or substantially changes a current one which would require a new heat treating process. Stephen C. Harris serves as Group Chief Executive, Executive Director of the Company. 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. In particular, The Heat Treat Doctor strongly believes open sharing of knowledge and discoveries in the field will improve the industry: he holds a position as an associate research professor with the Thermal Processing Technology Center (Illinois Institute of Technology), has written four books and nearly 500 technical articles, and lectures frequently at conferences and workshops worldwide. . Mr. Hubbard has over 40 years of industry leadership experience, most recently serving as CEO of Bodycote, a publicly traded (LSE: BOY) international thermal processing group that specializes in sub-contract heat treatment, thermal coatings, hot isostatic pressing, and testing services. Roger uses his over 45 years of knowledge in the industry by serving in various roles, including terms as president in both the ASM International Heat Treating Society and Metal Treating Institute (MTI). Tom comes from an aerospace background and has had his present position for over 7 years. Our timing was fortunate in that Stephen was in Atlanta, Georgia with the Bodycote team reviewing their very recent acquisition of Carolina Commercial. Out of their 3 competitors, Oerlikon, Kennametal, and GKN, Bodycote's score ranks in 3rd place. Chris Otten,Schaeffler. The company was founded under the name London Industrial in 1987 as a vehicle for the disposal of the commercial property assets of the defunct Greater London Council. Dan Herring, who is most well known as The Heat Treat Doctor, has been in the industry for over 45 years. Stephen Harris, Bodycote Group Chief Executive, stated, "The recent breakthroughs are truly game-changing technologies for component design and manufacturing. Stephens responses to our questions were succinct, thought provoking and in some cases not what we expected. Its headquarters is located at Macclesfield, England, GB. Retired from Bunzl plc on 31 December 2018. 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. Together with the new Nitrex executive team, he is part of the next-generation leadership that will support the next phase of the companys growth and development. We measure our customer service levels at each of the plants. Overall he has responsibility for 65 operational sites making him a very influential individual in the industry indeed. More than 25 Years of experience in the instrumentation and maintenance of thermal equipment. 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. Executive Nomination Remuneration Audit Committee chair, Springwood Court,Springwood Close,Tytherington Business Park,Macclesfield,Cheshire SK10 2XF, Tel: +44 1625 505300 Qualifications: Graduated with a BA from the University of Brighton in Business Studies. Accounts. The fact that Carolina Commercial had been held by a Private Equity firm for a number of years was clearly a problem. Over the years Bill has travelled the world advising on heat treat related issues and gained a very loyal following. It is not about heat treatment knowledge, its about production complexity. In many instances we do not take work that is already being done in-house. Located in the US Midwest Bill is one of two consultants on our list this year. His vast experience in the field includes materials science, engineering, metallurgy, equipment design, process and application specialist, and new product research. 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. With your permission I will refer back to that original interview for our answer: I was trained as an electrical engineer but along the way I acquired a business degree from the University of Chicago. Kyle Favors, President Heat Treating Services Unlimited, Inc. What other geographic areas do you see as particularly of interest to you? We also carry around $750 million in insurance. Last updated: 1 January 2023 at 11:00am EST. With the largest HIP operational capacity in the world, our continued investment demonstrates Bodycote's commitment to align resources to serve our . As we approach a defining era of space, access to space mobility technologies has to be a necessary part of every exhibition." Space . Stephen Harris, Group Chief Executive, and Dominique Yates, Chief Financial Officer, introduce Bodycote, our strategy, and business model. He was recently featured on Heat Treat Podcast speaking with Mr. Carlos Torres of MATTSA. The first thing we do is then look for unused or underutilised furnaces already in our network. Stephen, what can we expect to see from Bodycote over the course of the next year? We avoid continuous processes such as mesh belts and pushers, once again due to limited flexibility and poor carbon footprint. It is now over 25 years since Can Eng introduced mesh belt furnace lines into North America, a technology which was imported from Japan. 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. He has been a key member of the team for many years. Unfortunately, there is not a great deal of demand for vacuum carburizing today outside of the automotive OEMs and the equipment cost is very high.. Search our database of over 100 million company and executive profiles. Can we expect to see any major changes at either Metal Improvement or Carolina Commercial now that they are part of the Bodycote group? His experience includes companies such as Hinderliter Heat Treat and Bodycote. See any major changes at either Metal Improvement and Carolina Commercial team reviewing their recent... Geographic areas do you see as particularly of interest to you share price was 122 pence November! 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