Greenville, SC – July 7, 2025 – BWT LLC (“Bluewater Thermal Solutions” or “Bluewater”), a portfolio company of Aterian Investment Partners (“Aterian”), today announced the appointment of Patrick McKenna as Chief Executive Officer and Director, effective immediately.

McKenna brings more than 25 years of leadership and innovation experience in the metals thermal processing industry. He most recently served as President & CEO of Ipsen USA, a global provider of vacuum furnace technology to the thermal processing sector. In that role, he led all corporate operations, overseeing a team of more than 250 employees at Ipsen’s U.S. based Vacuum Center of Excellence, while driving commercial success across international markets.

Prior to Ipsen, McKenna was most recently Co-Founder, Board Member, and Vice President of Nevada Heat Treating / California Brazing. There, he helped transform the business from a traditional commercial heat treating operation into a world-class Nadcap-accredited provider of turnkey manufacturing solutions serving major aerospace OEMs.

“I’m honored to join Bluewater Thermal Solutions at such a dynamic time for the industry,” said McKenna. “With a strong operational footprint, a dedicated team, and a reputation for technical excellence, Bluewater is well positioned for growth. I’m eager to work alongside our employees, customers, and partners to build on the company’s momentum and drive our capabilities forward.”

Brandon Bethea, Co-Founder and Partner at Aterian, expressed strong confidence in the new leadership: “Patrick has excelled in every role he’s taken on. His deep industry expertise and sharp eye for commercial growth make him the ideal leader to guide Bluewater into its next phase. We’re thrilled to welcome him to the team.”

About Bluewater Thermal Solutions. Headquartered in Greenville, South Carolina, Bluewater Thermal Solutions is one of North America’s largest providers of heat treating and brazing services. The company operates ten strategically located facilities across the U.S., offering a wide range of thermal processing capabilities, including annealing, carburizing, carbonitriding, hardening, nitriding, nitrocarburizing, vacuum heat treating, boronizing, and more. For more information, please visit www.bluewaterthermal.com

About Aterian Investment Partners. Aterian Investment Partners is a private equity firm that invests in industry-leading, middle market businesses. In collaboration with management, Aterian holistically supports organizations with a focus on strategic positioning, people, processes, equipment, technology, and product innovation. With offices in New York and Florida, Aterian has raised cumulative equity commitments of more than $2 billion since its founding in 2009. For more information, please visit http://www.aterianpartners.com

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Recently “The Monty Heat Treat News” had an article entitled; “Why Are So Many North American Commercial Heat Treaters Closing”. in this article we mentioned the many and varied reasons why so many were closing, one reason was retirement by the owners. 
 
As it turns out recently, we have run across 4 commercial operations in North America which are for sale, interestingly enough in at least 3 situations retirement is a factor in the decision to sell which ties into our previous article. 
 
Included in this list is a commercial heat treater by the name of MMS Thermal Processing in Davenport, Iowa, USA founded in 2006. Surprisingly enough for a commercial heat treater the main focus of this company is vacuum carburizing, and it is our belief that MMS has one of only two multi cell vacuum carburizing systems produced by Surface Combustion in the early 2000’s. It would appear that this family owned business is for sale mainly because of a lack of knowledge and interest in the heat treat industry by the owners. Having said that the equipment appears to be relatively new and in good condition. 
 
In the case of the other 3 shops for sale, retirement is the #1 reason for looking at a sale of the business. In each case the firms are profitable, well run and well established, the reality in each case though is that either there are no family members to take over the business or that the next generation does not have an interest in taking over ownership. 
 
In an industry with over 500 different commercial heat treaters in the US it is no surprise that at least 4 are for sale, the surprise would be if there aren’t others-and there are. An obvious example of this is firms with venture capital ownership, with all due respect to venture capital firms the focus quite often is a profitable sale of the business. 
 
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Furnace Controls company “Super Systems Inc.” (SSi) based in Cincinatti, Ohio, USA is pleased to announce that as of July 1/2025 they have a new location in Europe, “SSi Europe Sp. z o. o” in Poland. The announcement came through “Mr. Matt Cross”, Managing Director of SSi, Europe.
 
The new facility will be lead by Mr. Damian Szarapanowski, who until recently was with heat treat industry supplier “Avion Europa GmbH & Co. KG” of Germany, a company which “entered bankruptcy a few short months ago.
 
“I am very proud to announce that as of July 1st 2025, SSi Europe Sp. z o. o is open for business in Swiebodzin, Poland said Matt Cross.”
 
Led by Damian Szarapanowski, the company will bring SSi closer to its European customer base and offer improved technical support for our world-class range of oxygen probes, gas analysers, electronic flow-meters and endo generator zero waste control systems.
 
SSi Europe will carry stock within the EU Customs Union and will be capable of calibrating and servicing SSi instrumentation, gas analyzers and flowmeters from day one, thus eliminating customs barriers for our European customers.”
 
More Details to Come
 
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Due to the US July 4th holiday, the offices of “WG Montgomery Ltd.” (The Monty) will be closed for the day. Regular business hours will resume Monday July 7th.
 
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For years now “The Monty Heat Treat News” has worked on an occasional basis with a very interesting commercial heat treat in Northern Ontario, Canada by the name of “Northern Heat Treat”. The firm was recently  “profiled” in a publication by the name of “Canadian Fabricating & Welding”-we found the article interesting enough that we are reprinting it; 
 
“Northern Heat Treat has a rich history rooted in multiple generations. The company’s origins trace back to Erie, Pa., when George Sidun launched a company called Quality Heat Treat in 1960. “My great-grandfather developed a passion for metallurgy and heat treating as a young man, and he started this company as a way to push the boundaries of innovation,” said Danny Sidun, production manager, Northern Heat Treat, Capreol, Ont. Sidun’s grandfather and great-grandfather worked together focusing on high-volume mesh belts, hot forging, work for the railroad sector, and other industrial sectors in the U.S. This early foundation helped the company grow to where it is today.
 
“Innovation was a core focus from the start,” said Sidun. “We have always committed to continuous advancements in heat-treating techniques.” In 1986, the company relocated to Canada with a new name, Northern Heat Treat. It focused on the heat treatment of exploration drill rods used in diamond drilling.
 
Pioneering Innovation in Heat Treatment
 
At the time, drill rods were traditionally plated or hard chromed, but the company pioneered an induction and through-hardening process, which eventually became the industry standard. “Today, almost every drill rod that’s produced uses the heat-treating process we invented, which is kind of amazing for me, as we can see our impact on such a big market,” said Sidun. “It was a lot of R&D work because it had never been attempted before. It took the company around 10 to 15 years to continuously innovate the process.”
 
When the company first started the process, they had the drill rods thrown by hand into an induction scanner before being processed and straightened. Eventually, the company incorporated robotics and automated systems that sped up the process to help the shop keep up with the high-volume demand that its customers expected. The new heat-treating process for drill rods helps them to last longer and provide improved wear resistance. It also allows for the drills to be used in deeper holes.
 
“It’s been a game-changer, not only for us but for the industry as a whole,” said Sidun. “And we still do drill rods at very high volumes for some great Canadian manufacturers. Our biggest advantage is our experience, which has been handed down through four generations. I’ve had some of the most experienced teachers to lead me through my career thus far.” Sidun noted that one challenge the shop has encountered is a scarcity of heat treating knowledge. Northern Heat Treat has been successful because of its long-standing experience along with its commitment to innovation and product improvements.
 
“Our core heat-treating processes are tried, tested, and continually improved,” said Sidun. “That’s given us a huge advantage in this industry.” When it comes to the practicality of heat-treating processes, some customers are not always aware of all options available to them. A part is often designed with a specific heat-treating process in mind, but that process may be hard to find or very expensive.
 
“We find there is a gap between feasibility and affordability, and we’ve done extensive research to ensure we can offer recommendations to our customer,” said Sidun. For example, an agriculture customer required the heat treatment of pins by the thousands. Northern Heat Treat initially wanted to apply a case to them by induction hardening but instead designed a carbonitriding process that is faster and yields a better-quality product than induction hardening.
 
“The carbonitriding will put a case around the entire pin, and we were able to do it much cheaper than induction hardening, which is a big point too,” said Sidun. “That was a challenge we worked through, but with some attention to detail on the geometry of the pins and how they would react to the furnace. It was a very good process for this project.”
 
Strategic Growth and Infrastructure Investment
 
Today, the company has expanded beyond mining into industries like agriculture, forestry, automotive, and oil and gas to provide stability against market fluctuations. In 2018, Northern Heat Treat moved into a new facility situated on a CN rail line, allowing for greater capacity and expansion opportunities.
 
With a focus on high-volume production, the shop has added four automated drill rod cells with robotic handling and can process 20 pieces every nine minutes using these systems.
 
“We were previously renting a facility in Coniston, Ont., but we decided that it was important for our expansion to purchase our own property,” said Sidun. “We have 9 acres of land available to us along with access to 12 CN rail tracks that come right into the building. It was a big move, but it allows us ample opportunity for growth.” The main building is currently being used for the shop’s drill rod segment. It includes three stress-relieving furnaces, including one of the largest in the region that reaches temperatures up to 2,000 degrees F and accommodates parts up to 22 ft. long. The company also does all annealing and normalizing in this building.
 
With a focus on high-volume production, the shop has added four automated drill rod cells with robotic handling and can process 20 pieces every nine minutes using these systems. “We are geared for high volume,” said Sidun. “Currently, we are steady at two shifts. We have room to expand into a third shift if we need to.” The second building is focused on heat treating with furnaces and includes six temper furnaces, all of which work off of one fairly large-batch IQ. The shop can do varying processes from oil quenching and tempering to carbonitriding. It also invested and expanded into coatings with a new paint shop and shot blaster on one end of the building.
 
Diversification for Market Stability
 
All of these investments have allowed the company to expand beyond mining into industries like agriculture, forestry, automotive, and oil and gas to stabilize against market fluctuations. “With the market volatility, our goal is to diversify into as many industries as we can handle and where we are confident in our processes,” said Sidun. “We are spread amongst a range of industries, which is good for us as a heat treater because most industries are so up and down.”
 
For example, the automotive sector has been especially tumultuous in recent years and has caused many heat treaters to go out of business. Sidun said that this is either due to a lack of proper succession planning or a lack of work opportunities, both of which have been top of mind for the shop. This has led to a shuffling of the heat treating sector and opened some doors for Northern Heat Treat.
 
With a team of 17 skilled employees, including a new generation of passionate heat treaters, the shop continues to refine and expand its services. “We’re going to continue to diversify into other industries because we have vast experience to apply to new areas of growth,” said Sidun. “We are looking to implement a high-volume furnace department to better serve different industries. I’m excited to see what the future holds for us. But it’s important for us to continue to be dedicated to our exploration rod processes, which is where we got our start. We see a pretty bright future here, especially with our facility now and the team we have now.”
 
Today, Northern Heat Treat remains committed to innovation, automation, and industry diversification.”
 
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Dana Belgium, part of global auto parts supplier Dana Corp. has announced the successful completion of the first pre-acceptance in the Dana Belgium NV project. This project includes the following as Part I;
 

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The link below will take you to the July 2025 issue of “The Monty Heat Treat News” for over 30 years the largest source of heat treatment industry news in the world. A few of the stories we are covering include these;

▪ Why are so Many North American Commercial Heat Treaters Closing?
▪ Furnacare (TAV Vacuum Furnace) Appoints New Sales Manager
▪ Acquisition in the Mexican Heat Treat Industry
▪ More North American Pit Carburizing Capacity Added
▪ Ipsen USA CEO Patrick McKenna Steps Down; Group CEO Geoffrey Somary to Assume Role *European Heat Treat Industry Supplier Enters Bankruptcy

As always “The Monty” continues to add to our surplus, quality heat treat listings with these recent additions;

▪ Item # VF 466 Vacuum Furnace 52″ X 40″ X 102″ 5 Bar Quenching-Like New!
▪ Item # T430 Surface Combustion 36 X 72 X 36 Tempers-Like New!
▪ Item # G 221 Surface Combustion “3 Bottle” 9,000 CFH Endothermic Generator
▪ Item # T433 Temper Furnace 36″ X 54″ X 30″-Gas Fired
▪ Item # L 163 Struers Tegramin-25 Semi-Auto 10″ Polisher
▪ Item # L162 Struers Axitom-5 Automatic 14” Saw

The entire team at “The Monty” looks forward to your thoughts and comments. Sincerely, Gord, Jordan & Dale Montgomery

Click Here To Read The July Issue Of The Monty Heat Treat News Magazine

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National Heat Treat in Houston, Texas, USA is a smaller commercial heat treater which has been in business since 2013. It offers carburizing, gas nitriding and a few other processes-as recently as 2024 the company was for sale, however it doesn’t appear to be on the market at this point in time. Just last week the company hired a new general manager, a very experienced heat treater by the name of Leo Martinez. Everybody in the commercial heat treat industry in Texas knows Leo Martinez, his career spans many years and at least two different companies. In our humble opinion this is a very good move by National.
 
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Just one week ago “The Monty” had this news item  “Top 52” Heat Treater Investing in New Equipment–little did we know that just a week later we would again be mentioning commercial heat treater “Stack Metallurgical” of Portland, Oregon, USA, this time for a new vacuum furnace install (details below). And between you and I these press releases don’t mention all the equipment the firm is investing in. Isn’t it great to see heat treaters growing and expanding in what is a very challenging market these days? 
 
“Stack is continuing to show our commitment to excellence by investing in a brand new 6 Bar quenching, Turbotreater horizontal vacuum furnace from Ipsen. This is more than a purchase; it’s a substantial investment in our facilities and, more importantly, in our valued customers. This advanced technology will allow us to increase our heat treating offerings, and ensure superior results for our customers. The enhanced precision and control offered by this equipment will open up new possibilities for our customers across various industries.”
 
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Today we are excited to offer an interview with Mr. Piotr Zawistowski, President of furnace builder SECO/WARWICK USA. Piotr, the marketing team at SECO/WARWICK provided “The Monty Heat Treat News” with some background information about what you have been up to in the past year-I have to say you have been busy. Before we start discussing changes at SECO/WARWICK USA, perhaps you could give us some background about how you ended up as President of SECO/WARWICK USA?

My professional career has always been associated with advanced industrial technologies – you could say that I grew up surrounded by them. In the 1980s, my father, Andrzej Zawistowski, along with his partners, founded a small company, TransVac, which became the foundation of today’s SECO/WARWICK – one of the world’s largest suppliers of industrial furnaces. As you know, SECO/WARWICK is now a global technology company with branches and production sites in Poland, China, India, and the United States, offering solutions in over 70 countries. We have delivered nearly 5,000 heat treatment and metallurgy systems supporting hundreds of companies worldwide, including leaders in the aerospace, automotive, and energy industries.

I have been working at SECO/WARWICK Group for exactly 20 years, developing in both technical and managerial roles. In 2013, I was appointed Global Manager for vacuum carburizing and oil quenching. In 2017, I co-founded SECO/VACUUM – a company fully dedicated to vacuum furnace technology in North America, which I had the pleasure of managing. In 2025, I assumed the position of Managing Director of SECO/WARWICK USA. When the decision was made to merge our two companies in the USA, I naturally took on the leadership of the integrated organization, with great enthusiasm and a strong sense of responsibility.

SECO/WARWICK has a long and distinguished history in the USA, always in Meadville, PA, I believe. I am sure that our readers, like myself, would be interested in how long SECO/WARWICK has had a presence in the USA.

That is correct. SECO/WARWICK has been operating under this name continuously in Meadville, Pennsylvania, since 1984. For over four decades, we have been developing our activities from here, serving North American customers and building a strong market position. Meadville has always been our operational and strategic center in the USA.

SECO/WARWICK has operated under its current name in Meadville, Pennsylvania since 1984, serving North American customers and acting as the company’s strategic and operational center in the U.S. The company’s American roots date back to 1900, when the Chicago Flexible Shaft Company began developing heat treatment furnaces to support its shearing tool business. Over time, the furnace division evolved and became part of Sunbeam Corporation.

In 1958, Sunbeam acquired the furnace division of Westinghouse and moved operations to Meadville under the name Sunbeam Equipment Corporation. This entity operated as a wholly owned subsidiary of Sunbeam until 1982, when Allegheny International acquired the parent company. In 1984, a group of Sunbeam executives purchased both Sunbeam Equipment Corporation and the Warwick Furnace Company, forming SECO/WARWICK — a name combining “SECO” (Sunbeam Equipment Corporation) and “Warwick.

Earlier this year, it was announced that the two US companies under the SECO/WARWICK banner were merging, SECO/VACUUM Technologies (SVT) and SECO/WARWICK (SWC). The obvious question is why. What was gained by this merger, and has it been a success?

This was a strategic decision, preceded by a thorough analysis of the market, finances, and organizational structure. The integration of SECO/VACUUM and SECO/WARWICK Corp. allowed us to eliminate duplicate administrative, managerial, and IT structures, which increased efficiency and reduced operational costs. We now operate under one strong brand, with one team, harmonized processes, and a more flexible business model. As a result, we can respond more quickly to customer needs, increase production flexibility, and expand our order portfolio. Yes, we consider this merger a success.

Thanks to this change, we gain brand clarity, a simplified structure, and higher operational efficiency. We combine engineering potential, team experience, service and sales capabilities to better meet our customers’ needs. SECO/VACUUM was established in 2017 with the goal of rebuilding the best position related to vacuum furnaces in the North American market, which I believe we have achieved, and we are now one of the main and most recognizable suppliers in this market. Operating under one brand (SECO/WARWICK) is an important step in implementing the product strategy in the North American market.

The merger of companies is the result of an analysis of the market, financial and organizational situation. The new structure will also allow us to respond more effectively to customer needs and react more quickly to dynamic changes in the business environment.

Amongst my “briefing notes” from Katarzyna Sawka, SECO/WARWICK’s VP of Marketing, is a mention that you have made a substantial investment in the Meadville facilities. What was the nature of this investment and what has it provided? In particular I am curious about whether you have the ability to build and service furnaces from the Meadville plant?

We have invested 4 million dollars in the development, expansion, and modernization of our production facility in Meadville. Supporting this expansion, the Commonwealth of Pennsylvania awarded a grant package worth 2 million dollars last year from the Department of Community and Economic Development (DCED) through the Redevelopment Assistance Capital Program (RACP). Thanks to this investment, we can fully design, manufacture, and service furnaces directly in and from the USA. This is a key element of our “Made in the USA” strategy, which the Group has been implementing since last year, allowing us to shorten delivery times, strengthen local capabilities, and respond more quickly to the needs of the North American market. The investment also included infrastructure modernization and optimization of production processes, significantly improving our operational capabilities. This year, we plan to produce the first devices in our new hall in Meadville, PA.

You have another branch of the group in the USA-RETECH in Buffalo, NY-where does this fit into the overall group?

RETECH operates independently under its own brand within the SECO/WARWICK Group. It specializes in vacuum metallurgy technologies, primarily for the titanium and aerospace industries. RETECH was not included in the merger and continues to develop in its niche, supporting the diversification and innovation of the entire Group.

RETECH’s clients include the largest players in the USA. Due to the strategic importance of these contracts, we often cannot publicly boast about them. The company is managed by Earl Good and achieves very good sales and financial results. I would add that the American company again increased its sales, this time by another 12%.

RETECH is a brand known for years in the world of vacuum metallurgy, valued for its innovative technologies, reliable products, and excellent reputation. I am pleased that it is part of the SECO/WARWICK family.

In a recent statement from the Group’s CEO, Mr. Slawomir Wozniak, he threw out a fascinating statistic, namely that SECO/WARWICK recently shipped your 5,000th unit-very impressive! Can you provide a very rough break down of this, for example what % are vacuum furnaces?

Thank you! This is an important milestone and a testament to the trust our customers place in us. Approximately 35-40% of these 5000 units are vacuum furnaces. Another 30% are atmospheric furnaces, and the rest are Aluminum Process and CAB brazing systems, vacuum metallurgy systems, and special solutions tailored to individual customer needs. I can proudly say that the American market accounted for nearly 40% of the Group’s total revenue last year, and this 5000th unit will soon roll off the American production line, which we will certainly celebrate in a big way.

Last year was a wonderful year for the company in terms of sales and profits, this appears to apply to every geographic area you operate in including the USA. To what do you accredit this? I am looking for specifics as opposed to an umbrella explanation such as “customer service”. As an example, do you win orders on faster deliveries? Is your technology more advanced that your competition? Is your pricing more attractive than others in the industry? 

Several specific factors influenced our success. First, we significantly shortened delivery times. Second, we offer advanced technologies and competitive, highly sophisticated automation solutions. Moreover, our two R&D centers, one in the USA and one in Poland, allows us to conduct various research and continuous development projects for our partners, as well as creating customized solutions and highly standardized technologies or implementations which greatly distinguishes us in the industry. Third, local production and service in the USA ensures speed, flexibility, and savings. Finally, we have tapped into the growing demand in the aviation, defense, energy, and electromobility sectors, where our solutions are particularly competitive. In 2024, we achieved nearly 200 million USD in revenue, of which almost half came from the American market. In my opinion, such a result places us among the largest, if not the leader, in the industry.

Let’s talk tariffs. SECO/WARWICK has the ability to build furnaces pretty much anywhere in the world. With the current US administration applying tariffs on many imports, will this lead your company to do more manufacturing in the USA?

Our strategy was developed long before the tariffs were introduced, but the truth is that we anticipated such scenarios earlier. Tariffs and trade restrictions are one of the reasons why we are strengthening production in the USA – but it was not the only reason. Expanding the Meadville plant allows us to produce locally and avoid the complications associated with imports, which improves our competitiveness in terms of both costs and delivery times. It is also a response to the expectations of many customers who value local suppliers and short supply chains. We strive to be competitive in all markets, and the current geopolitical situation requires anticipating potential disruptions. It’s also worth remembering that for many large American companies, the fact that the equipment was made in the USA is very important. Manufacturing in the USA also means jobs and tax revenue. Although SECO/WARWICK is a global brand, we remain committed to a local development vision. These actions are part of the Group’s global strategy, which aims to strengthen the competencies and independence of all companies in their local markets. Today, we already produce equipment in China for the Chinese market and in India for the Indian market.

SECO/WARWICK has been very vocal about the fact that you are a “green” company with solutions to reducing CO2 emissions. This is an important issue in Europe but generally not in the USA. What has your experience been in promoting this to potential customers? A yawn? Thoughtful listening? Great interest?

We are definitely seeing a change in approach in the USA. A few years ago, this topic was treated with polite interest; today, we see real engagement, especially among large companies and industries subject to regulations. Our solutions not only reduce emissions but also lower operating costs, which appeals to conscientious manufacturers. This is no longer just a “European issue”—it’s part of a sustainable development strategy in North America as well. In North America, we work with companies that are subcontractors to major European corporations such as Airbus or German car manufacturers. This year, to be able to act as a supplier to such companies, it is necessary to report the carbon footprint. As a result, many American companies must implement solutions that reduce CO₂ emissions—and our technologies enable just that.

Of course, we are closely monitoring the political changes that have occurred in the USA, especially the fact that the current administration does not actively promote green initiatives. Nevertheless, we do not deviate from the chosen course. For us, ecological solutions are also economic solutions. Lower media and gas consumption translates into real savings—and that has tangible significance in business. It can be said that the reduced environmental impact of our equipment is a positive side effect.

Piotr, please take out your crystal ball and give us your predictions for the rest of 2025 and 2026.

I am cautiously optimistic. We begin 2025 with a strong order portfolio, growing momentum in the American market and new technologies ready for implementation. I expect continued growth in the area of vacuum systems, solutions for aviation and the military. We see the segment of aluminum processing and melting furnaces as an area with great development potential. We are seeing an increasing number of investments in this sector, especially in aluminum recycling. I expect record production volumes in 2025, and in 2026 we want to enter strategic sectors even more strongly and invest in innovation and proximity to the customer.

I very much appreciate the time and your honest and candid answers. Thank you, Gord

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