The head of powdered metals parts manufacturer GKN Sinter Metals insists the buying spree by parent GKN plc is helping the industry and says acquisitions will continue even though it has bought 20 operations since 1997, including a controversial purchase of the largest U.S. powdered metals material producer Hoeganaes Corp. “The weakness of the industry is that not enough money is being spent on innovation,” says Seifi Ghasemi, president and chief executive officer of GKN Sinter Metals, ...
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