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.

Vallourec acquires Serimax

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

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

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

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.

New inside sales representative

The Sandmeyer Steel Co. has announced that John P. McCreery has assumed the position of Inside Sales Representative at its Philadelphia headquarters.

Fine Tubes awarded D&B’s Rating 1

Fine Tubes, the UK-based manufacturer of stainless steel, nickel and titanium tubing in seamless and welded, has been awarded D&B's “Rating 1” for its “highest level of creditworthiness” and “minimal risk of failure”.

Romania: Petrobazi refinery modernization contract

A subsidiary of Foster Wheeler Ltd’s Global Engineering and Construction Group has secured contracts from OMV Petrom SA (Bucharest, Romania) as part of OMV Petrom's modernization of the Petrobrazi refinery.

JSL boards more directors

JSL Ltd has broad based its board of directors by inducting two additional independent directors on the Board of the Company.

China buys into Syncrude

Sinopec has more than doubled China's presence in Alberta's oilsands by paying USD 4.65 billion for ConocoPhillips' 9% stake in Syncrude Canada Ltd. Houston-based Conoco confirmed the sale after details leaked out of Hong Kong early on 12 April, sending the share prices of Canadian oilsands producers higher.

6-m plate pipe production

Since stainless steels were first developed the production of high-quality longitudinally welded pipes has been the focal point of BUTTING’s business.