Company News

Severstal has signed a four-month contract to deliver rolled steel to Renault-Nissan from March to June 2015. Steel produced at the Cherepovets Steel Mill will be used in car production at the Moscow and Tolyatti plants of Renault-Nissan and AVTOVAZ Alliance.

Olympic Steel, a US-based metals service centre, promoted Andrew Wolfort to general manager of the company's operation in Schaumburg, Illinois, effective immediately. Wolfort initially joined Olympic Steel in 2005 as a general labourer in the company's Cleveland warehouse facility.

Metso finalised the sale of the Tampere foundry to the Finnish company TEVO. The business was transferred to the new owner on 13 April 2015.

Synthesis Energy Systems (SES) and Simon India Limited (SIL) extended their exclusive marketing and engineering agreement, originally signed in March 2013, to market SES' advanced technology for coal and biomass gasification projects in India.

Vallourec, the premium tubular solutions company, will now operate in four regional units: Europe, North America, the Eastern Hemisphere and South America. The four regional senior vice presidents are part of the Vallourec Group Management Committee and report directly to Philippe Crouzet, chairperson of the Vallourec management board.

Saipem has entered into a joint venture with manufacturing conglomerate Dangote Group in Africa to create a new company named Saipem Dangote E&C. Saipem Dangote E&C is a new player with high technical and financial capabilities in the Nigerian and Central/West African market.

Industrial lifting company, Mammoet, has been awarded the heavy lift and heavy haul contract for the Cameron LNG project in Hackberry, Louisiana.

Uwe Väth assumed control over Operations of the Schenck Process Group effective 1 April 2015. In this role, he is responsible for global manufacturing, supply chain and purchasing, and reports to Andreas Evertz, president and CEO.

Magnitogorsk Iron and Steel Works (MMK) has been named as a steel supplier for Ford cars produced in Russia. MMK is successfully completing the acceptance process for its steel plate with Ford Sollers Holding, Ford carmaker in Russia, and is increasing supplies of automotive sheet to the corporation. Currently, two items of ultralow-carbon steel in various drawing categories used in the production of car body parts (including the front) for the Ford Focus have been fully accepted.

Sandvik Materials Technology supplied its Sandvik Sanicro™ 28 composite tubes to a eucalyptus pulp mill in Uruguay.