Company News

The President of Costa Rica, Luis Guillermo Solís, and the CEO of GAS NATURAL FENOSA, Salvador Gabarró has inaugurated the Torito Hydroelectric Power Plant, which has an installed capacity of 50MW and will be operated by the Spanish multinational energy company for a period of 20 years through its subsidiary Global Power Generation (GPG). In 2008, the Costa Rica Electricity Institute (ICE in Spanish) awarded the construction and operation of the plant to the Spanish multinational energy company, which required an investment of more than 190 million dollars.

Metalloinvest and Evraz have signed a five-year agreement based on formula pricing for the supply of steel grinding balls.

Braun Maschinenfabrik has supplied a complete abrasive cut-off machine for hot cutting of radially forged bars at a stainless steel plant in Bolzano, Italy.

Bufab has agreed to acquire 100% of the shares in Apex Stainless Holdings Limited, a privately-owned UK company, specializing in the distribution of stainless steel fasteners, mainly to UK-based customers.

CENTRAVIS, a global supplier of high-quality seamless stainless piping solutions, has been included into Valmet’s approved manufacturers list, one of the largest industrial corporations in Finland.

With a long history of manufacturing products for the oil and gas industry, PSJ Fabrications has announced an increase in sales within the oil and gas sector. Despite a decrease in orders in the last two quarters of 2015, estimating future projects had been on the rise.

The Board of Directors of Sulzer has appointed Greg Poux-Guillaume as Sulzer’s new Chief Executive Officer, effective December 1, 2015.

Outokumpu Forta DX 2205, produced at Outokumpu Degerfors Long Products in Sweden, has been qualified according to NORSOK M-650 Ed. 4. Outokumpu is one of the first companies to meet the more stringent Revision 5 of the MDS D47 in NORSOK M-650 Ed.

Sandvik’s recent Machining day, held jointly by Sandvik Materials Technology and Sandvik Coromant at the company’s Halesowen facility proved to be a huge success, attracting more than 60 customers.

MTS Sensors, a division of MTS Systems Corporation, has increased the scope of its GB-Series of highly accurate, programmable magnetostriction-based linear position sensors for addressing further applications.