Company News

Austria-based Steel & Metals Market Research (SMR), the independent consultancy in the stainless steel and special steel industry, has established SMR Premium, a new subsidiary in Düsseldorf.

JFE Steel Corporation announced that it would be acquiring a 5% stake in Formosa Ha Tinh Steel Corporation (FHS), a joint-venture company that is currently constructing Vietnam’s first integrated steelworks.

Hypertherm released its annual Corporate Social Responsibility report. The report measures 2014 progress on Hypertherm’s social and environmental efforts.

Red Pine Exploration's Board of Directors announced that Richard Schler has tendered his resignation as the CEO and member of the Board of Directors, effective 28 July 2015.

Harsco Corporation announced that Nicholas Grasberger, the company’s president & CEO and member of the Board of Directors, will assume the leadership of the Harsco Metals & Minerals segment on an interim basis effective immediately, following the departure of Metals & Minerals President Richard Lundgren to pursue other opportunities.

DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering Company (DSME) and Samsung Heavy Industries (SHI) that will establish a new international standard for offshore oil and gas projects.

The Board of Directors of Greene’s Energy Group announced that CEO Robert 'Bob' Vilyus has elected to retire from the company and the Board of Directors in September 2015.

Spelsberg UK has launched a range of steel enclosures to support its comprehensive product portfolio. The company has made the addition to its range to support its customers who work in extremely harsh environments where there may be a risk of heavy impact, explosion or contact with corrosive chemicals. Chris Lloyd, Spelsberg UK Managing Director, explains: “In most scenarios, even in heavy industry, non-metallic enclosures are the preferred solution.

The Board of Directors of Petro Matad announced the appointments of Enkhmaa Davaanyam as non-executive, non-independent chairperson and Ridvan Karpuz as CEO of the company.

Steel & Tube Holdings (S&T) has entered into an agreement to acquire the business and assets of Manufacturing Suppliers Limited and its related companies (MSL). MSL is one of the largest fastenings businesses in New Zealand.