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.

    India: Tipaimukh Dam Project

    Stainless Steel World Publisher -
    State owned firms NHPC and SJVN have signed a memorandum of understanding with the Manipur government for the establishment of a joint venture company to execute the 1500MW Tipaimukh Dam Project.

    Universal Stainless reports further recovery

    Stainless Steel World Publisher -
    Universal Stainless & Alloy Products Inc. has reported that sales for the first quarter of 2010 were USD 34.7 million compared with USD 42.2 million in the first quarter of 2009 and USD 26.7 million in the fourth quarter of 2009.

    New 115 Year Limited Edition Viking™ Helmet

    Stainless Steel World Publisher -
    Commemorating Lincoln Electric’s 115th year in business, the company has released its 115 Year Limited Edition Viking™ helmet.

    Allied Fitting acquires

    Stainless Steel World Publisher -
    GulfStar Group has announced that Allied Fitting LP has acquired Warren Alloy Inc. GulfStar served as exclusive financial advisor to Warren throughout the transaction.

    Mechel acquires Romanian metallurgical plant

    Stainless Steel World Publisher -
    Mechel OAO, a Russian-based mining and metals company, has announced the acquisition of the Laminorul Braila metallurgical plant located in Romania.

    Spiral welded pipe mill in Spain

    Stainless Steel World Publisher -
    Borusan Mannesmann will install a spirally welded pipe mill in Hellin of SE of Spain, adjacent to Socotherm Espana pipe coating facilities.

    Vallourec acquires Serimax

    Stainless Steel World Publisher -
    Vallourec has reached an agreement to acquire 100% of Serimax, a company that provides fully integrated welding solutions for offshore line pipes.

    Centravis Production Ukraine shareholders meeting

    Stainless Steel World Publisher -
    On 19 April 2010, the annual meeting of shareholders CJSC “Centravis Production Ukraine” (producer of seamless stainless steel tubes & pipes, Dnepropetrovsk region, Nikopol) took place.

    Kennecott expands plans for molybdenum plant

    Stainless Steel World Publisher -
    Almost two years after an initial announcement that it was going to build a processing facility in Magna - a plan unveiled just before the global economic meltdown - Kennecott's parent company has decided to build a more advanced facility.

    Wilcherry Hill iron ore project gets funding

    Stainless Steel World Publisher -
    Wilcherry Hill iron ore joint venture participants IronClad Mining and Trafford Resources have signed an agreement with MCCM Capital Management Co. Ltd whereby MCMC can earn a 50% interest in Stage One of the Wilcherry Hill Project in South Australia by spending AUD 35 million.
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