Company News

In June 2013, on their 10th anniversary, Divisione Trading changed their name to “SpecialSteelStock”, which a spokesperson for the company says “better identifies who they are and what they offer, and also reflects on the huge quantity of special materials held in stock.” The company has more than 2500 tons of special steels in stock, such as Duplex 31803, Super Duplex 32750 and 32760, Austenitic XM-19 and Super Austenitic 31254 and 904L.

Shaner Industries, a Pittsburgh-based company that specialises in the design, engineering and installation of its patented steel pipe finned foundations, introduced the MastFoundation & Rapid Installation System at Intersolar North America 2013 in San Francisco, CA. MastFoundation & Rapid Installation System is designed as a one-piece foundation solution that costs less than other types of foundations and requires less time, less materials, less manpower, less equipment and less fabrication.

The Nickel Institute has announced the appointment of Mr Tim Aiken as President. Aiken brings with him career-­‐long experience at Nickel Institute member company Anglo Platinum. “As a former Chair of the Board of the Nickel Institute, Tim brings a deep understanding of the nickel Industry and its stakeholders as well as the Institute's membership,” said Mr Glenn Kellow, Chairman, Nickel Institute.

Herkules, one of Norway’s leading private equity fund, has acquired a majority of the shares of oilfield technology specialist Petroleum Technology Company (PTC).

Outokumpu has signed a strategic partnership agreement with Sinopec Group on material development and deliveries of stainless steel.

SENER engineering and technology group has purchased the Brazilian engineering company EXEN, and now owns a 100% stake in the company.

Italfond S.p.A., a mill located in Bagnolo Mella (Northern Italy) specialised in the production of stainless steel and Nickel-based alloys, was certified as a Material Organization manufacturing ferrous and non-ferrous material - including approval and control of suppliers - in accordance with the applicable rules of the ASME Boiler and Pressure Vessel Code, Section III Division 1 and 3, which establishes the rules governing design, fabrication, and inspection of boilers & pressure vessels during manufacture and assembly. For further information, please visit the company website www.italfond.it or email Italfond S.p.A.

Australia's Pacific Hydro plans to invest almost USD 1.5B in Brazilian wind projects over the next five years, says the renewable-energy firm.

AusGroup Thailand, a subsidiary of the AusGroup Corporation, a leading Thailand-based construction and fabrication company, has won CUEL’s insulation contract for the INPEX Ichthys LNG project in Darwin, Australia.

JFE Steel Corporation will construct Indonesia’s first continuous galvanizing line (CGL) for automobiles at MM2100 Industrial Town, an industrial estate in the city of Bekasi just outside of Jakarta.