Company News

The Chemours Company, a global chemical company in titanium technologies, fluoroproducts and chemical solutions, announced two decisions that are elements of the company's five-point transformation plan. The company will close its Edge Moor manufacturing site located outside Wilmington, Delaware, which produces titanium dioxide (TiO2) and will shut down a TiO2 line (line 3) at its Johnsonville plant in New Johnsonville, Tennessee.

Jussi Lehto is the new CEO of Fennovoima’s main owner Voimaosakeyhtiö SF. Lehto is a member of the board of Voimaosakeyhtiö and CEO of the Finnish energy company Keravan Energia.

POSCO selected a team to receive a special reward for the first Innovation POSCO Project (IP PJT). POSCO selected the Steel Building Material Solution PJT Team as a winner pursuant to the increase of profitability of the company through differentiated ideas in order to respond to Chinese-made low-priced products, and awarded them at the Group Operations Meeting on 23 July. The Steel Building Material Solution PJT Team had an innovative idea to create valuable products using low-priced half-finished products, and created a financial result of approx.

Hannon Westwood completed the acquisition of Novas Consulting for an undisclosed sum. Following the investment by energy specialist private equity company Energy Ventures in January 2015, Hannon Westwood has been looking to expand on its leading energy business intelligence and consulting offering through a combination of acquisitions and organic development projects. The addition of Novas Consulting to the Hannon Westwood portfolio is the first step in adding new diversity to the consulting offering, bringing a team of globally experienced geoscientists, engineers and other specialists with a full suite of technical expertise and international credentials to join the market-leading research company. Ian Norbury, CEO of Hannon Westwood Aberdeen, said: “In Novas Consulting we have found an exceptional team of internationally experienced individuals offering considerable skills in upstream projects, technical due diligence, and both asset and corporate appraisal and valuation services.

Tenova, a worldwide supplier of advanced technologies, products and engineering services for the global Metals and Mining industries, announces the appointment of Andrea Lovato as the new Chief Executive Officer of the company.

Austria-based Steel & Metals Market Research (SMR), the independent consultancy in the stainless steel and special steel industry, has established SMR Premium, a new subsidiary in Düsseldorf.

Hypertherm released its annual Corporate Social Responsibility report. The report measures 2014 progress on Hypertherm’s social and environmental efforts.

JFE Steel Corporation announced that it would be acquiring a 5% stake in Formosa Ha Tinh Steel Corporation (FHS), a joint-venture company that is currently constructing Vietnam’s first integrated steelworks.

Red Pine Exploration's Board of Directors announced that Richard Schler has tendered his resignation as the CEO and member of the Board of Directors, effective 28 July 2015.

Harsco Corporation announced that Nicholas Grasberger, the company’s president & CEO and member of the Board of Directors, will assume the leadership of the Harsco Metals & Minerals segment on an interim basis effective immediately, following the departure of Metals & Minerals President Richard Lundgren to pursue other opportunities.