Company News

Rolls-Royce, the global power systems company, signed a GBP11M contract with Spanish shipyard Gondan for a wave-piercing offshore vessel to be delivered to Simon Møkster Shipping in Norway.The vessel is designed to pierce through the waves under harsh weather conditions, making it possible to keep a more constant speed, reduce the use of fuel and increase on-board safety.

Veritas Steel, a portfolio company of Atlas Holdings, hired Tracy Glende as the president and CEO. Glende brings over 20 years of global management experience, commercial, and operational expertise and a highly successful track record to Veritas.

The Essen-based consulting and engineering company DMT together with the EPC company McNally Bharat Engineering (MBE) from Kolkata, India, has designed, engineered, supplied, built and now put into operation a complete by-product plant for the cleaning of coke oven gas.

Heavy Metal & Tubes Ltd. (HMTL) has recently announced the commissioning of its manufacturing facility, Unit III, for hot finish seamless tubes/pipes in carbon steel and alloy steel.Unit III has an annual capacity of approximately 75,000MTPA, has already started commercial production, and has executed orders from Indian refineries and export jobs.

Severstal-Gonvarri-Kaluga, a joint venture between OAO Severstal and Gonvarri, and part of OAO Severstal’s Russian Steel division, began producing blanks for interior and exterior parts of the Volkswagen Jetta. This is the second model of Volkswagen to use parts manufactured at Severstal-Gonvarri-Kaluga and then stamped at Gestamp-Severstal-Kaluga, Severstal’s joint venture with Gestamp.

Global engineering contractor Motherwell Bridge has been acquired by Cape, the international provider of critical support services to the energy and mineral resources sectors.

Welding and subsea fabrication specialist Serimax strengthened its presence in Norway with the appointment of Jan Langeland as Country Manager.

Harsco Corporation appointed Richard E. Lundgren, Jr. as Group President of its Harsco Metals & Minerals business effective 7 April 2014.

Baker Hughes, the oilfield services company, and TMK, the Russian producers of pipes for the oil and gas industry, plan to jointly develop integrated well completion solutions.  Targeted at both onshore and offshore fields, the solutions will provide turnkey well completions based on the technical and manufacturing capabilities of both companies.

The Timken Company entered into an agreement with United Wagon Company (UWC), a company building, leasing, engineering and servicing freight cars in Russia, to establish a joint venture (JV) to manufacture Timken AP-2 rail bearings in Russia.