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.

Stainless Manufacturer seeks equity investor

  321 Capital Partners, LLC (321 Capital Partners) has announced that its client, Production and Custom Stainless Steel Manufacturer, is exploring options to sell an equity position in the company.

TUBACEX boosts prices of stainless

TUBACEX has announced a price increase of 3% in seamless stainless steel pipes as well as tubes; this also includes hollow bars.

BP makes Board changes

  The Board of BP p.l.c. has announced that Professor Dame Ann Dowling will join the Board as a non-executive director effective immediately.

Expro wins largest single power connector order

  Expro has won its single largest power connector order to date with a contract worth approximately GBP 7.3 million.

Siemens acquires Marine Current Turbines

Siemens has acquired the majority stake in Marine Current Turbines Ltd., a UK company based in Bristol, which develops and builds tidal power systems.

Brønlund takes over Aker Wirth management

On 1 March 2012 Einar Brønlund took over the management of Aker Wirth, a subsidiary of the international oil service company Aker Solutions.

Karachaganak refinery

newsitemItaly-based Eni and UK-based Petrofac have drafted their own plans for building the first phase of a gas refinery at the Karachaganak field in Kazakhstan, Lyazzat Kiinov, head of Kazakhstan's national oil ad gas company KazMunayGas, said at a cabinet meeting.

Plymouth Tube wins American Metal Market award

newsitemPlymouth Tube Company’s precision steel tubing mill has received the 2012 American Metal Market (AMM) award for “Best Welded Tube and Pipe Producer of the Year.” They were presented the award and trophy on 6 February 2012 during the 5th Annual Steel Tube and Pipe Conference hosted by AMM in Houston.

Lincoln Electric elects two new officers

newsitemLincoln Electric Holdings, Inc. has appointed Doug Lance and Thomas Matthews as officers of the Company. Lance was named Vice President, Operations, and Matthews was appointed Vice President, R&D.

TMK ships first vacuum insulated tubing

newsitemTMK, one of the world’s leading producers of tubular products for the oil and gas industry, has become the first manufacturer in Russia to produce vacuum insulated tubing (VIT).