Company News

Nordex has received a contract from AES to supply 22 wind turbines for the Drone Hill project in Scotland. Currently, AES has more than 1700MW of wind capacity in Europe, China and the United States. The company has also signed a five-year Premium Service Contract with Nordex.

Mika Seitovirta has been appointed the new Chief Executive Officer of Outokumpu by its Board of Directors. He will assume the position effective 1 April 2011, succeeding current CEO, Juha Rantanen, who will leave the position 31 March 2011. Rantanen will support the new CEO until August 2011.

Jan Åke Jonsson will retire from his position as President and CEO of Saab Automobile AB (Saab) effective 19 May, 2011. The search for a successor is currently underway and Jonsson has agreed to assist Saab’s Management with a smooth transition to his successor by remaining available until 1 September 2011.

Samsung Engineering Company has signed a USD 2.76 billion deal to build a natural gas liquid complex in eastern Saudi Arabia. As per the contract, signed with Saudi Aramco, Samsung Engineering will finish the complex in the Shaybah oil and gas field by June 2014.

Doosan Power Systems will enter into the Scottish wind power business with an investment of up to GBP 170 million over the next ten years, supported by Scottish Enterprise. Upon completion, the project is expected to make a substantial contribution to Scotland’s expanding wind industry

Siemens has received a contract to equip a sugar refinery, operating in North America, with electrical and control technology. Currently under construction in Gramercy, Louisiana, the plant will be owned and operated by Louisiana Sugar Refining (LSR), a joint venture between Sugar Growers and Refiners

Electralloy will increase their prices on stainless grades and specialty and nickel alloy mill products. Mill products include the forms of all remelted products, in addition to billet, master alloy, and specialty nickel bar. The cost of selected air melted and all remelted stainless grades

Sumitomo Metal Industries Ltd has resumed operations at one of its two major blast furnaces in its Kashima plant in Ibaraki Prefecture. As a result of the earthquake and tsunami in northern Japan, the company had suspended operations at the two furnaces in Kashima.

Fluor Corp has announced that Fluor Government Group (FGG) has named Eleanor Spector as vice president to lead its contracting activity. Spector will be based in Fluor's Arlington, Va. office.

South Africa-based Richards Bay Minerals (RBM), a Rio Tinto-BHP Billiton joint venture, intends to construct a large plant with operations expected to begin in 2016.