Company News

General Steel Holdings, a non-state-owned steel producer in China, signed a memorandum of understanding (MOU) with Tewoo Group, a Fortune Global 500 company, to co-develop bulk commodity e-commerce business.The MOU establishes a long-term strategic partnership to mutually pursue business opportunities in bulk commodity e-commerce, asset leasing, and financing.

Freudenberg-NOK Sealing Technologies’ (Freudenberg-NOK) diverse portfolio of customers and products has allowed it to cross-fertilize industries by developing a new automotive use from traditional aerospace materials.

International energy consultancy Xodus Group launched a global subsea engineering company in partnership with oil and gas contractor Saipem and mid and downstream oil and gas giant Chiyoda Corporation.The new organisation plans to challenge the largest tier-one subsea engineering companies for a share of the global market.

DNV GL has created a new subsea team to increase the company’s ability to respond to the rapidly growing subsea sector.

New World announced the resignation of William Kelleher as chairperson and CEO. Kelleher was one of the founders of New World and has been a key member of the New World team since its inception.

Vallourec started deliveries of premium line pipe for the offshore Egina field, operated by Total Upstream Nigeria.

kunj forgings, India have announced to have successfully forged and supplied Inconel flanges to projects in middle east in past months.

Tenova, a worldwide supplier of technologies, products and engineering services for the Metals and Mining industries, announces the departure of CEO Alberto Iperti.

Enagás and Fluxys have signed an agreement to acquire 19% of Total and E.ON's stake in the company that is developing the Trans Adriatic Pipeline (TAP) project, in which Enagás will hold a 16% stake.

Zamil Process Equipment Co., a subsidiary of Zamil Industrial Investment Co. (Zamil Industrial), was recently awarded a USD 7.85M contract by STF Italy to supply steam drums of various sizes and capacities for the Riyadh Power Plant 13 (PP 13) and Riyadh Power Plant 14 (PP 14) project in the central region of Saudi Arabia.According to the contract, Zamil Process Equipment will supply 36 steam drums (high pressure, intermediate pressure and low pressure) that weigh approximately 1,800t in total for the PP 13 & 14 Combined Cycle Power Plants project owned by the Saudi Electricity Company and located near Riyadh.