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.

Indonesia: pipeline deal

Indonesian state gas utility company PT Perusahaan Gas Negara PGN, will sign a USD 165 million agreement with Nippon Steel Corp. for a gas pipeline project to construct a 110km subsea pipeline segment that will link gas rich South Sumatra with Indonesia’s main island of Java.

Kazakhstan: Capsian venture

Fluor Corporation has announced that a Fluor-led joint venture known as North Caspian Constructors (NCC) has been awarded the onshore construction of Kashagan Experimental Program facilities by Agip KCO.

USA: clean coal

Cleco Corp.’s electric utility subsidiary, Cleco Power, has announced the construction of a new generating unit incorporating Clean-Coal Technology.

China: pipeline

A private Chinese company plans to build the country’s first oil pipeline to Russia underscoring growing Chinese interest in tapping Siberian petroleum resources.

Vietnam: stainless steel plant

Vietnam has given approval to a Taiwan company to build a USD 650 million stainless steel factory in the province of Ba Ria Vung Tau.

USA: new 2000 horsepower land rigs

Rowan Co., has announced that it has been awarded term drilling contracts from three different operators covering six new LEWCO/SourceOne land rigs.

Precision Castparts aquires

Precision Castparts Corp. (PCC) has entered into a definitive agreement to acquire Special Metals Corp. (SMC), for USD 540 million in cash, including the repayment of SMC’s outstanding debt.

India: petrochemicals plant

Reliance Industries Ltd (RIL) will be investing in its Hazira petrochemicals plant within the next year.

UK: underground gas storage facilities

E.ON (UK) is to build one of the UK’s largest underground gas storage facilities after it acquired a company from ScottishPower that had gained full planning permission to develop the site.

USA: drinking water treatment plant

Zenon Environmental has received a purchase order for its first drinking water treatment plant in New York State: