Company News

Hardide Coatings, the United Kingdom-based provider of advanced surface coating technology, announced investment in a new Virginia manufacturing plant worth circa USD 7M.

MDU Resources Group announced that Pat O’Bryan will take over as the CEO of its Fidelity Exploration & Production Company, effective 1 March.

ArcelorMittal has been named Liberia’s company of the year by Global News Network (GNN) Liberia in its 'Who’s Who 2014' ranking. The company was more specifically recognised for 'drastically [impacting] the lives of thousands of Liberians through employment and its endless provision of scholarships'. In a statement, GNN Liberia highlighted how the company’s significant investment in Liberia’s mining and transport infrastructure is helping the country to rebuild its economy after years of civil war.

TMK, producers of tubular products, and state-owned RUSNANO Corporation are running a joint project at TMK’s Seversky pipe plant to expand the production of high-tech pipe with improved performance for the oil and gas industry.

James P. Bouchard, chairperson and CEO of Esmark Europe, the European investment vehicle of Esmark, announced that it has been selected as the winning bidder in the privatisation process for Železara Smederevo Steel Works by the Republic of Serbia. Esmark Europe will now begin the process of finalising the strategic partnership agreement with the Republic of Serbia to take a controlling 80.1% stake in Železara Smederevo.

Severstal received the SFS1268 certificate permitting the Company to make shipments of rebar to Finland and other Baltic countries, where there is high demand for these steel products. To date, Severstal has received certification for 10mm, 12mm and 16mm diameter rebar produced at the Cherepovets steel mill’s mill 250 (part of Severstal’s Russian Steel division).

A Colombian energy company has recognised Tenaris as one of the best supplier to work with in the hydrocarbon sector.

Mechel OAO, Russian mining and metals company, signed a memorandum of understanding with China’s steelmaking major Baosteel Resources Corporation, for an increase of coal supplies to 1.4Mt of coking coal a year. According to the memorandum, Mechel will supply Baosteel Resources with up to 1.4Mt of coking coal.

Gamesa has signed two new contracts in China, one to supply 50MW to Hebei Construction & Investment Group (HCIG) and another to supply 42MW to the Chinese wind farm developer UPC.The scope of the agreement with HCIG encompasses the supply, installation and commissioning of 25 of Gamesa's G97-2.0MW turbines, at the Nandianziliang wind complex located in the province of Shanxi, in northern China.

Specialty chemicals group ALTANA has acquired two companies in Brazil. As a result, the ACTEGA division now has its own sites in South America's largest country.