Company News

In this section you can find updates from suppliers, manufacturers, fabricators and stockists of stainless steel material. This company news section is updated regularly with the latest company news from within the global stainless steel world community. If you wish to include your news release on our website and email newsletter, please feel free to contact the editor.

Sandvik appoints new Head of Product Area Tube

Sandvik Materials Technology has appointed Mr Michael Andersson as the new Head of Product Area Tube.
Andersson joined Sandvik in 2002 when he started within the company's Manufacturing Program, initially as a Change Leader, later becoming Manager of the program.

New President appointed to Sandvik Construction

Dinggui Gao has been appointed President of Business Area Sandvik Construction and member of the company’s Group Executive Management. He has experience from leading positions in global industrial companies.

BOC to supply industrial gas to SSI Steel

BOC has signed a long-term agreement to supply industrial gases to one of the biggest steelmakers in the UK, SSI Steel UK. The 15-year agreement is one of the largest gases contracts ever awarded in the UK and follows SSI’s purchase of the Teesside steelworks from TATA Steel in 2010.

Besra resumes gold mine operations

newsitemDual listed Besra has resumed normal operations at its Phuoc Son gold mine in central Vietnam following 5-day shutdown.

Pym appointed EnerMech QHSE Director

Mechanical engineering specialist, EnerMech, has strengthened its management team with the appointment of Ian Pym as its first QHSE director.

RWE to sell DEA to cut debt

RWE, Germany's second-biggest utility, has put its oil and gas exploration unit up for sale in a move that could raise close to EUR 5B as a part of its drive to cut debt. RWE had previously said it only wanted to sell parts of the DEA unit that accounted for 23% of the group's operating profit in 2012.

CIRCOR reports Q1 2013 financial results

newsitemCIRCOR International, a leading provider of valves and other highly engineered products for energy, oil & gas, power generation and aerospace markets, announced financial results for the first quarter ended March 31, 2013.

EnerMech invests USD20M for USD 78M growth

Mechanical engineering group EnerMech announced at OTC in Houston that it has invested more than USD 20.2M as it steps up its drive to cement its presence in the US and Mexico. A recent move to a new 50,000 sq ft workshop, office and storage facility near to Houston’s Energy Corridor has been followed with a USD 14 million investment in new Process, Pipeline and Umbilical (PPU) equipment and in opening a base at Villahermosa, Mexico. For the Aberdeen headquartered company, the lure of the Gulf of Mexico and its deepwater projects is strong and the strategic investment is already paying off with confirmation of a number of PPU contracts in 2014 worth up to USD 9.3M. The headcount stands at 40 but Vince Kouns, president of EnerMech’s US operation, expects that to grow to 120 by the end of 2013 with turnover more than trebling from USD 6.2M – USD 23.3M, and trebling again to USD 78M in 2015. The company has a lengthy connection to Houston through respected hydraulics specialist Norson Power which was acquired in 2010 and Kouns, along with VP Alan Sweeney is focussed on replicating that success in PPU, cranes and lifting, equipment rental, valves and training services.

Damstahl GmbH ‘s new fittings centre

Damstahl GmbH is expanding its warehouse capacity in the field of fittings and flanges with a new fittings centre.

Tenmat secures 2nd Queen’s Award for Enterprise

Tenmat Ltd, a specialist manufacturer of highly technical composite materials, has announced that they have won the Queen’s Award for Enterprise for Outstanding Achievement in International Trade for the second year in a row.