Company News

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.

Lloyd’s Register Energy, compliance, integrity and specialist risk consultancy services company, is forming a strategic alliance with MaxGrip. The alliance sees the development of a new risk-based inspection (RBI) software module called ‘strEAM+ RBI’.

Enerquip, a company that specialises in a wide variety of shell and tube heat exchangers, broke ground on construction of facility improvements to meet its plans for continued growth. Enerquip provides heating and cooling equipment for production plants and the OEM's and system integrators that support them.

TMK, producer of tubular products, acquired 100% interest in ChermetServis-Snabzhenie. The deal value totalled about EUR 38.3M.

Sandvik in Chomutov, Czech Republic, has been announced as the winner of the prestigious award Best Innovator of the year in the Czech Republic – recognition of the company's way of working with innovation.

Kathleen Carr has joined Sandmeyer Steel Company in the newly created position of Marketing Analyst. Carr is the stepdaughter of Sandmeyer Steel's president and CEO, Ronald P.

IPP Group is pleased to announce the acquisition of the business and assets of Specialised Machining Services Limited (SMS) effective 16 February 2015. SMS, based in Deeside have for a number of years been a market leader in the field of precision machining, particularly in subsea applications.

Family run company, Abbey Forged Products based in Sheffield at the heart of the stainless steel industry in the UK, have enjoyed a very successful time in the last year.