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 2010/07/26 |
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 The shareholders of Forges de Bologne, a company 98% owned by Manoir Industries, have decided to increase its capital by €8.5M by consolidation of current accounts: Forges de Bologne equity amounts now to €14M.
The goal is to enable Forges de Bologne, part of the Manoir Aerospace Business Unit, to finance its capital expenditures, as the start-up of a
6300 mtons forging press that will start at the end of 2010.
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2010/06/23 |
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Manoir Industries SAS (“Manoir”), is pursuing its international development with the acquisition of Kartik Steels Limited (‘’Kartik’’), a high grades steel foundry located near Chennai, India, and dedicated to the petrochemical and oil & gas markets. |
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2010/06/03 |
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Manoir Industries is now successfully Boeing qualified for titanium die-forged products manufactured in Bar-sur-Aube and Bologne, two plants of Manoir Aerospace, one of the 3 Manoir Industries business units. |
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2010/02/11 |
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Manoir Industries, already owner of 55% of the shares of ‘’Yantai Manoir Heat Resistant Alloys Company’’, has acquired the 45% remaining to become the sole shareholder. Manoir Industries is now fully in charge of its Chinese subsidiary, part of the Petrochem & Nuclear Division, and gives full support and assistance to the plant manager, Wang Yongtong, to develop the facility and benefit from the strong market growth.
At the same time, Manoir has sold its 25% ownership in ‘’Yantai Taihai Manoir Nuclear Equipment Co, Ltd’’ and has signed with its main shareholder and long term partner, Shandong Taihai Group, a new technical and commercial Cooperation Agreement, so both companies can enlarge the offer of static castings to the Chinese nuclear market, with production happening both in France and in China.
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2010/02/03 |
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After having recently capitalized €40M of its shareholder loan in October 2009, an affiliate of Sun Capital Partners continues to show strong support to Manoir Industries, with a cash capital increase of €17.4M.
According to Nathaniel Meyohas of Sun European Partners: ‘’Manoir is a market leader in its various market segments and we believe that there exist several opportunities to further accelerate the growth and profitability of Manoir. As a result of this, and in addition to the fact that we are extremely pleased with the way the management of Manoir has faced a challenging period, we want to give Manoir the opportunity to grow even faster than initially foreseen. Therefore we have provided additional capital to Manoir in order to assist in funding some large scale cap ex projects and potential acquisitions’’.
Philippe Royer, CEO of Manoir, adds: ‘’All three Business Units of Manoir have shown a strong responsiveness in adapting their costs to the weaker economical environment. Now we have very pleased to be able to develop the company further with the help of our shareholders. The capital increase will be used to finance new investment projects, in our European locations, Mexico, China and India, and also to complete acquisition projects we have been working on in the last months’’.
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2010/01/04 |
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Isabelle Moneyron, ESCP graduate, joins Manoir Industries as Chief Financial Officer. Isabelle was previously Financial Director of Seribo group and Financial Controller of Wagon Automotive. As consultant, she automated the cash management of Manoir Industries in 2009. Isabelle starts on January 4th, 2010.
Jerome Brassens is from now on accountable of IT & Procurement in order to speed-up the cost savings program.
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imprimer
