| DeKalb, IL, October 2002
- LMC, Inc., located in DeKalb, Illinois, announced the
opening of its EU operations with the establishment of
a new subsidiary, LMC Sweden AB, with facilities in Lidkoping,
Sweden for complete marketing/sales, engineering and manufacturing.
The announcement was made at Fabtech International 2002
held in Cleveland, OH. According to Gordon Goranson, President
of LMC, Inc. "Sweden was selected because of the high
competence and technical skills of personnel and their
strong attention to quality. It is also close to our customers
and the major automotive and trucking manufacturing facilities
LMC is the world's leading manufacturer of High Speed
Adiabatic Process Manufacturing Technology for the metalworking
industry. The company has engineered and manufactured
a full line of press systems for cutting, blanking,
forming and powder compaction. This patented press line
and production operations are recognized for their advanced
manufacturing process which significantly reduce costs,
eliminates secondary operations and with improved quality.
In October 2001, the company was selected by Research
& Development Magazine to receive their internationally
coveted R&D100 Award for the development of their
'Net Shape Forming' process.
LMC, with the cooperation of Invest in Sweden Agency
(ISA) and with the support from local Lidkoping officials,
will move into facilities to assemble press systems
for the Swedish and EU market. Lidkoping is located
about 120 kilometers northeast of Goteborg. LMC's objective
will be to have everything is place by the end of the
year. Approximately 26 employees are expected to be
hired. LMC also intends to utilize the local skilled
manufacturers for their source of LMC engineered components.
LMC will also establish its APM Process Center which
will operate LMC press systems to produce components
and blanks to specifications for customers that want
LMC to provide the completed component utilizing the
high speed manufacturing process.
The company has over 275 press systems operating worldwide
for the support of manufacturing metal components for
the automotive, trucking, ball bearing, electronics,
aviation, hardware, and flow control industries. LMC
has also close cooperative ties with the US Department
of Energy, Fermi National Laboratory, Stanford Linear
Accelerator Center and Northern Illinois University.
Currently, all systems are engineered and manufactured
in the USA.
The Board of Directors will consist of Lennart Lindell,
CEO of LMC, Inc., Gordon Goranson, President of LMC,
Inc., Christer Martinsson, President of CMC AB, and
the Managing Director of LMC Sweden AB (to be announced).
Personnel will be locally hired to manage and operate
this facility. The manufacturing, marketing and sales
of the press systems and process will be initially in
Sweden and then extend to the full EU market.
LMC's complete range of press systems have the capability
to cut, in a mille-second, solid metals of virtually
any tensile up to 100 mm, tubing up to 150mm in diameter
and net shape components formed up to 10-15 kg. Significant
cost savings and quality benefits exist which make companies
more competitive worldwide.
The LMC Press System is recognized for its extreme
energy efficiency with utilization as low as 10% of
conventional equipment. Material waste is minimal, no
recycling of coolants or metal chips, and with no fumes
or smoke. The system is very environmentally friendly.
The presses are very operator friendly. Tooling costs
are minimal with die life extreme at rates up to 150
million cycles per die set.
LMC was started by the Swedish entrepreneur and inventor
Lennart Lindell who moved from Sweden for the US in
1974. Receiving his degree in Mechanical Engineering
and working five years with the Royal Institute of Engineering
in Stockholm, he received his first patent for High
Speed Cutting Technology in 1970 with the introduction
of his first commercial press system. At ram speeds
of 10 meters per second, only explosive energy sources
exceeded this rate. Today, LMC press systems have controllable
energy sources that provide ram speeds up to 100 meters