Company type | Public |
---|---|
LSE: DWL | |
Industry | Automotive and powder metallurgy |
Founded | 2023 |
Headquarters | London, England |
Key people | Simon Mackenzie Smith (
Chairman) Liam Butterworth ( CEO) |
Revenue | £4,864 million (2023) [1] |
£(450) million (2023) [1] | |
£(495) million (2023) [1] | |
Website |
www |
Dowlais Group plc is a British company operating in the automotive and powder metallurgy industries. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. [2]
In March 2023, Melrose Industries announced that it would demerge GKN Automotive and GKN Powder Metallurgy from GKN as Dowlais Group. [3] The name selected, "Dowlais Group", was intended to evoke the Dowlais Ironworks where GKN licensed the Bessemer process, using it to produce steel, in 1865. [4]
GKN Automotive has its origins in the J. W. Garrington, which specialised in forgings; the forgings produced at the Garrington Darlaston plant, later supplemented by a large plant at Bromsgrove, enabled GKN to become a major supplier of crankshafts, connecting rods, half-shafts and numerous smaller forged components to the UK auto-industry, which had a period of massive expansion during the interwar period and beyond. [5] A new plant was established near Wellington, Shropshire, which was devoted to wheel production, and in the 1960s, the company became a manufacturer of constant-velocity joints, which are used to transfer the engine's power to the wheels. [5]
GKN Powder Metallurgy has its origins in Hoeganaes Corporation (HC) in North America, which GKN acquired in 1998. [6]
The demerger was completed on 20 April 2023. [7]
Company type | Public |
---|---|
LSE: DWL | |
Industry | Automotive and powder metallurgy |
Founded | 2023 |
Headquarters | London, England |
Key people | Simon Mackenzie Smith (
Chairman) Liam Butterworth ( CEO) |
Revenue | £4,864 million (2023) [1] |
£(450) million (2023) [1] | |
£(495) million (2023) [1] | |
Website |
www |
Dowlais Group plc is a British company operating in the automotive and powder metallurgy industries. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. [2]
In March 2023, Melrose Industries announced that it would demerge GKN Automotive and GKN Powder Metallurgy from GKN as Dowlais Group. [3] The name selected, "Dowlais Group", was intended to evoke the Dowlais Ironworks where GKN licensed the Bessemer process, using it to produce steel, in 1865. [4]
GKN Automotive has its origins in the J. W. Garrington, which specialised in forgings; the forgings produced at the Garrington Darlaston plant, later supplemented by a large plant at Bromsgrove, enabled GKN to become a major supplier of crankshafts, connecting rods, half-shafts and numerous smaller forged components to the UK auto-industry, which had a period of massive expansion during the interwar period and beyond. [5] A new plant was established near Wellington, Shropshire, which was devoted to wheel production, and in the 1960s, the company became a manufacturer of constant-velocity joints, which are used to transfer the engine's power to the wheels. [5]
GKN Powder Metallurgy has its origins in Hoeganaes Corporation (HC) in North America, which GKN acquired in 1998. [6]
The demerger was completed on 20 April 2023. [7]