Company News

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.

MW Industries, a provider of highly engineered springs, specialty fasteners, machined parts, and other precision components, announced the acquisition of Maudlin & Son Manufacturing, a manufacturer of slotted shims, coil & flat shim stock, key stock, feeler gages, drill & threaded rod, and tool room supplies. Located near Houston in Kemah, Texas, Maudlin & Son has served the domestic and international markets since 1938.

Using lessons learned from the development of safety-critical steel for the rail and oil industries, Tata Steel developed a similar solution for steel needed for wheel rim manufacturers.

SSAB recently showcased its Docol R8 product at the Performance Racing Industry (PRI) Trade Show in Indianapolis, Indiana, the largest show of its type in the world. “This is the fourth year SSAB has participated in PRI, but the first year the company has had enough inventory to address this year’s build season,” said Kim Colvin, regional sales manager, Automotive.