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.

MDA to host solar farms

Maan Development Area (MDA) has announced that it will host 3 separate plants to be constructed by renewable energy companies to produce electricity from solar power at a total cost of USD 1.5 billion.

China: Zhejiang LNG terminal project

TGE Gas Engineering GmbH (Bonn, German) and China Chengda Engineering Co. Ltd (Beijing) have won the engineering, procurement and construction bid for the Zhejiang LNG terminal project.

STAL to start phase 2 expansion

At the beginning of November 2009, Shanghai STAL Precision Stainless Steel celebrated their 10th anniversary and expansion ceremony.

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.