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.

    BEHIND THE NEWS: Direct from the ADIPEC

    Stainless Steel World Publisher -

    Thursday's report on the business climate at the ADIPEC is now online!

    Baobab obtains ELF for project

    Stainless Steel World Publisher -
    Baobab Resources secured a three year equity line facility (ELF) of USD 7.9 million in order to speed up the current drilling program at their Tete iron,vanadium and titanium project.

    Sumitomo invests in Canadoil project

    Stainless Steel World Publisher -
    Sumitomo Metals has decided to take part in the Canadoil Group’s steel plate mill business in Thailand by providing technical assistance and investing in the Group, which is currently constructing a new steel plate mill in the country. 

    Hatch iron ore project

    Stainless Steel World Publisher -
    Magnitogorsk Iron & Steel contracted Hatch Engineering & Consulting to conduct pre-project development of the Prioskolskoye iron ore field.

    Atescelik invests in wind towers

    Stainless Steel World Publisher -
    Atescelik will invest TRL 30 million for the construction of wind turbine towers in the western province of Izmir.

    Nexans wins umbilicals contract

    Stainless Steel World Publisher -
    BP Exploration Operating Company Ltd of Aberdeen awarded Nexans a EUR 14 million contract to deliver a subsea umbilical system for the Devenick gas field in the North Sea.

    Exploration wells advancing quickly

    Stainless Steel World Publisher -

    An update was given by Lane Energy Poland and Schlumberger regarding the first exploration shale gas well designed to evaluate the shales in the Baltic Basin of Northern Poland.

    BP Venezuelan interests

    Stainless Steel World Publisher -

    BP is selling its upstream businesses and associated interests in Venezuela and Vietnam to TNK-BP for USD 1.8 billion in a cash only deal.

    Tig or plasma seam welding

    Stainless Steel World Publisher -
    Mechanised and orbital welding company Polysoude of France has tailored a welding solution for a Russian company to bring safe, quality production practices together with short delivery schedules while keeping costs under control.

    Casanova heads engineering

    Stainless Steel World Publisher -
    SENER’s new head of engineering and construction area is Guido Casanova, a naval engineer graduate from the University of Sao Paolo and previous business manager for the Brazilian divisions of Pirelli Cabos S.A. and Pirelli Cables in Mexico.
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