Esmark reaffirms interest in Železara Smederevo
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 awards Mariner contracts to Asco
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 breaks ground for new plant in China
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 opens warehouse in Dnipropetrovsk

DNV GL announced winner at Global Risk Awards
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.