Jonsson retires from president and CEO of Saab
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 wins project in Saudi Arabia
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 invests in UK wind power industry
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
Electralloy to increase prices
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
Siemens to supply auto-tech to sugar refinery
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