Company News

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.

ArcelorMittal will be appointing Bill Scotting as chief executive of ArcelorMittal Mining, succeeding Peter Kukielski, the current chief executive since December 2008, who is leaving the company in August to take up a new opportunity.

Tata Steel has completed an upgrade of its corrosion-resistant coating line in South Wales to improve and expand the company’s range of high-value, high-formability automotive steels. The Zodiac plant is Tata Steel’s coil galvanising line at Llanwern.

Nickel alloy specialists Corrotherm International have expanded their global reach further with the recent opening of a new office in Perth, Australia. This is the fourth branch that has been set up by the company in the past twelve months.