Dowlais Group

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]

Dowlais Group plc
TypePublic
LSE: DWL
IndustryAutomotive and powder metallurgy
Founded2023 (2023)
HeadquartersLondon, England
Key people
Simon Mackenzie Smith (Chairman)
Liam Butterworth (CEO)
RevenueIncrease £4,595 million (2022)[1]
Increase £58 million (2022)[1]
Increase £(77) million (2022)[1]
Websitewww.dowlais.com

History

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, which GKN acquired in 1998.[6]

The demerger was completed on 20 April 2023.[7]

References
  1. "Historical Financial Information" (PDF). Dowlais Group. Retrieved 15 April 2023.
  2. "Melrose Industries (UK): Demerger of Dowlais Group (UK): Changes in FTSE UK Index Series". FTSE Russell. 20 April 2023. Retrieved 20 April 2023.
  3. "Melrose sets GKN demerger in motion". Investors' Chronicle. 10 March 2023. Retrieved 15 April 2023.
  4. Franks, Julian; Mayer, Colin; Rossi, Stefano (1 December 2002). The Origination and Evolution of Ownership and Control (PDF). London Business School. p. 19.
  5. Turner, Philip (10 May 1969). "Making the most of it Or – are you driving a GKN?". Motor. pp. 58–60.
  6. "GKN pays pounds 335m for US metal components firm". The Independent. 8 December 1998. Retrieved 15 April 2023.
  7. "Melrose set for Dowlais demerger". UK Investor Magazine. 10 April 2023. Retrieved 15 April 2023.
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