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.

Vietnam: stainless steel plant

Vietnam has given approval to a Taiwan company to build a USD 650 million stainless steel factory in the province of Ba Ria Vung Tau.

USA: new 2000 horsepower land rigs

Rowan Co., has announced that it has been awarded term drilling contracts from three different operators covering six new LEWCO/SourceOne land rigs.

Precision Castparts aquires

Precision Castparts Corp. (PCC) has entered into a definitive agreement to acquire Special Metals Corp. (SMC), for USD 540 million in cash, including the repayment of SMC’s outstanding debt.

India: petrochemicals plant

Reliance Industries Ltd (RIL) will be investing in its Hazira petrochemicals plant within the next year.

UK: underground gas storage facilities

E.ON (UK) is to build one of the UK’s largest underground gas storage facilities after it acquired a company from ScottishPower that had gained full planning permission to develop the site.

USA: drinking water treatment plant

Zenon Environmental has received a purchase order for its first drinking water treatment plant in New York State:

Saudi Arabia: petrochemical complex

Fluor Corporation has been awarded a contract by Saudi Arabia’s Project Management & Development Company Ltd (PMD) to provide front-end engineering and design and project management consultancy services for the USD 3.5 billion Jubail petrochemicals complex.

The Netherlands: offshore wind-farm

Shell and Dutch energy company Nuon have signed the final contracts for their joint realisation of the first Dutch offshore wind farm, located at Egmond aan Zee, 10 miles outside the Dutch coast.

Iran: LNG project

Oil and Natural Gas Corp. may take up the 20% stake Malaysia’s Petronas has abandoned in a USD 2 billion liquefied natural gas project in Iran.

Brazil: new grid reinforcement contracts

Areva T&D has won two new grid reinforcement contracts in Brazil totaling EUR 40 million.