Company News

The Watermill Group, a strategy-driven private investment firm, announced the sale of Global Tubes to AMETEK, a global manufacturer of electronic instruments and electro-mechanical devices, for approximately USD 200M.

Klein Steel Service, a full-line metals service centre with a worldwide distribution network, has been named a finalist for Metals Distributor of the Year from Platts Global Metals Awards. “To be selected as a finalist for Metals Distributor of the Year from such a well-respected global organization is an amazing accolade", said Todd Zyra, president.

Jan Hofmann has been appointed president of the APAC business area and member of the Outokumpu Leadership Team effective immediately.

The European Commission’s research and innovation programme Horizon 2020 has granted EUR 17M in funding for the Clean Energy From Ocean Waves (CEFOW) research project that is co-ordinated by Fortum.

Rusatom Overseas selected Titan-2 as main building contractor for the Hanhikivi 1 nuclear power plant project. Titan-2 is in charge of, amongst other things, the site preparation and infrastructure works, construction of the nuclear and turbine island, installation works, materials and equipment as well I&C equipment.

Todd Zyra, president, Klein Steel Service, has been named a 2015 Rising Star by American Metal Market. Todd, along with five other young executives, is being recognised for outstanding leadership and measurable contributions made to the metals industry. “Todd sets a high standard for everyone who works with him whether it is team members, suppliers or customers", stated Jim Sloan, director of operations.

International oilfield services company Expro has secured a key contract with Statoil in the Flemish Pass Basin offshore Canada.

Severstal has been approved by German Certification Authorities to deliver 10mm–16mm steel reinforcing bar products in compliance with DIN 488 requirements.

Schmidt + Clemens Group (S+C), which operates worldwide, posted positive financial results in the past business year.

Polysoude will be holding open days at its Nantes headquarters on 23 and 25 June 2015. Over the two days, the company will be presenting its latest developments in the fields of welding and weld overlay cladding using the TIG and TIGer (GTAW) process.