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.

Nuclear power projects in India

Outokumpu has announced that it is eyeing various nuclear power projects in India to supply premium-grade steel.

Solar Energy secures land for solar park

Solar Energy Initiatives Inc. has announced that the Company's wholly owned subsidiary, Solar Park Initiatives, have signed a contract securing land for the design, construction and operation of a solar park in California.

West Qurna oilfield development

ExxonMobil has won the right to develop one of the world's most prized untapped oil reserves, in a USD 50 billion deal that will entrench the company as one of the largest players in postwar Iraq.

Stainless dye-casting & forging plant

Good Luck Steel Tubes Ltd has commissioned its stainless steel dye-casting & forging plant and the first consignment is expected to be dispatched shortly.

Pilbara iron ore project

Flinders Mines has raised USD 52.8 million in capital to forge ahead with the company's Pilbara iron ore project.

India: thermal power plants

India Cements has received board approval to invest up to INR 500 crore to set up two thermal power plants in Tamil Nadu (TN) and Andhra Pradesh (AP) for internal consumption.

Greece: gas-fired power plant

Public Power Corp. SA (PPC) (Athens) has confirmed the award of a contract to a consortium of Greek companies for the construction of an 811MW gas-fired power station in Megalopolis in southern Greece.

Mechanized iron ore facility

The New Mangalore Port Trust (NMPT) has moved close to striking a deal with a firm to set up a mechanized iron ore handling facility at a cost of INR 300 crore.

India: power plants in Maharashtra

Jai Corp. Ltd proposes to set up three power projects aggregating 6200MW, through its associate companies in the Raigad district of Maharashtra.

Stalatube invests in production areas

Stalatube Oy has announced that it has invested over EUR 7 million in machinery and production areas.