Company News

Esmark Chairman and CEO James P. Bouchard announced that despite the recent efforts to reach a definitive agreement with the Republic of Serbia for the restructuring and revitalisation of the Železara Smederevo Steel Works, Esmark continues to believe its comprehensive business plan and management team provide the best possible future for the mill. Bouchard said, “As we stated at the conclusion of the negotiations in Pittsburgh last month, we remain committed to moving forward with the Republic of Serbia, and Esmark is fully prepared to enter into a management services agreement to revitalise Železara Smederevo, with the ultimate goal to acquire the facilities on or before 1 January 2016.” Photo courtesy of Esmark, Inc. “Esmark incurred more than USD 3M in due diligence and business planning expenses at no cost to the Serbian government during this process, as well as placing our expert management team on the ground in Zelezara and activating our global raw materials procurement and commercial sales operations.

Statoil (UK) has awarded the contracts for supply base and warehousing services for the Mariner field to Asco UK on behalf of the Mariner co-venturers. Asco is an international oilfield support services company, headquartered in Aberdeen.

AkzoNobel’s Specialty Chemicals business broke ground on a new alkoxylation facility in Ningbo, China, bringing the company’s total investment in the strategic multi-site to more than EUR 400M. The Ningbo multi-site covers around 50 hectares and accommodates production for chelates, ethylene amines, ethylene oxide, organic peroxides and Bermocoll cellulose derivatives.

Metinvest-SMC, Metinvest Group's wholesale and retail sales channel in Ukraine, opened a new warehouse to hold a buffer stock of pipe products and a retail metal centre. Metinvest-SMC already has a sales branch and two warehouses in Dnipropetrovsk region, one of Ukraine's largest steel consuming regions.

DNV GL, the global provider of risk management services, was named the ‘Risk Management Consultancy of the Year’ at the Global Risk Awards 2015 for the second year running.

Reliance Steel & Aluminum Co. announced that the Company's Board of Directors has approved an executive leadership succession plan. David H.

US-based Superior Tube and its sister company UK-Based Fine Tubes, global leaders in the manufacture of precision tubing for critical applications, appointed Kris Narasimhan to the position of Nuclear Product Manager.

AK Steel announced plans to build a new research and innovation centre in Middletown, Ohio. The 120,000ft2 facility will be constructed on a 15-acre site located in the Cincinnati-Dayton growth corridor along Interstate 75.

Worthington Industries announced that DJ Johnson has joined the company as vice president of transformation, a newly created position focused on driving operations, commercial and supply chain transformation efforts across the company. “DJ’s depth of experience in transformational roles in similar industries and military leadership has prepared him well for this new challenge", said Worthington Industries President and COO Mark Russell.

Global energy services firm Proserv won an industry award in recognition of its achievements after being named Company of the Year at the 2015 Subsea UK Awards.