Company News

POSCO launched ‘POSPIA 3.0’, the POSCO Family’s unique future management system, in January at POSCO Indonesia’s integrated steelworks.

Mechel OAO, the Russian mining and metals companies, appointed the company’s senior vice-president for economics and management, Oleg Korzhov, as its CEO starting January 2014.

Stock Services, a UK supplier of stainless steel seamless butt weld fittings exhibiting at Stainless Steel World Exhibition in Maastricht for the first time, were faced with a challenge of how to exploit the opportunities and maximise its impact on existing and potential customers.

International iron ore company Centaurus Metals revised the development plan for its flagship Jambreiro Iron Ore Project in south‐east Brazil after production commenced at the facility at 1Mtpa with the ability to subsequently increase to 2–3Mtpa. This revised development strategy is expected to result in a substantial reduction in pre‐production capital, enabling Centaurus to commence development with significantly less financing risk and in the shortest possible timeframe to take advantage of continued strong iron ore prices.

The opening ceremony of Gazprom's representative office was held at Brussels in the Kingdom of Belgium. Taking part in the opening ceremony were Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee; Anatoly Yanovsky, Deputy Energy Minister of the Russian Federation; Alexander Romanov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Kingdom of Belgium; Vladimir Chizhov, Permanent Representative of the Russian Federation to the European Union and Gunter Oettinger, European Commissioner for Energy.

CLIMAX Portable Machining and Welding Systems has appointed Thomas Pesch as Vice President of Global Operations.

Mitsubishi Heavy Industries (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier.

Genie Energy, an independent retail energy provider and a developer of unconventional energy projects, appointed Chairman Howard Jonas to assume the additional role of CEO effective January 1, 2014. Jonas has served as Genie's chairman since it was spun off from IDT Corporation in 2011.

E.ON, UK's leading power and gas company, submitted a planning application for the Strathy Wood wind farm development to the Scottish Government's Energy Consents Unit. The wind farm, located near Strathy, Sutherland, could generate up to 78MW of electricity – enough to power around 52,535 homes with clean, renewable energy.

Kentz Corporation, the holding company of the Kentz engineering and construction group secured a five-year framework contract for general engineering services on the SAMREF refinery in Saudi Arabia. SAMREF is a complex refinery formed for the development, construction, ownership and operation of crude oil refining facilities in Yanbu, Saudi Arabia.