AFC-Holcroft is well known as a leading furnace supplier for equipment used for austempering and marquenching. Metal components subjected to the austempering process are shown to have improved mechanical properties such as strength and toughness along with improved distortion control during processing.
Additionally, sales of the company’s flagship UBQ (Universal Batch Quench) integral batch quench systems were strong, as were the popular EZ endothermic gas generators, rotary hearth furnaces, pusher furnaces and mesh belt equipment. Also a Flexiclean system provided by AFC-Holcroft’s sister division Aichelin Heat Treat Systems is also significant. Additionally, many customers chose 2017 as the time to upgrade and/or retrofit existing equipment, and a number of orders were received to modernize facilities with the latest IoT technology.
Sales globally include a high number of deliveries into the USA, Canada and Mexico as well as new equipment installations in Australia, Eastern Europe and Asia. “It’s been a very good year with strong global bookings from both existing customers as well as a number of new customers. This is a testament to the many hard working team members here at AFC-Holcroft who continue to strive for excellence,” said Tracy Dougherty, Sales Manager at AFC-Holcroft. “We look forward to the future with excitement and optimism as we expand our product offering through a continued technology exchange with the Aichelin Group.”
AFC-Holcroft has responded to the increased order bookings by extending working hours, adding experienced personnel to its staff, adding new technology and continually improving processes to keep promised delivery dates.
The company remains optimistic for 2018 to also present a strong order book.
(Source: AFC-Holcroft)
Tulum Energy Secures $27 Million in Venture Financing to Rapidly Scale Groundbreaking Turquoise Hydrogen Technology
Tulum Energy, a pioneering methane pyrolysis startup, has successfully closed a $27 million venture financing round. This significant investment, led by CDP Venture Capital (through its Green Transition Fund) and TDK Ventures and a global consortium of prominent investors including Tulum’s founder TechEnergy Ventures, MITO Technology, through the MITO Tech Ventures fund, and Doral Energy Tech Ventures, underscores strong confidence in Tulum Energy’s innovative approach to clean hydrogen production.