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.

Algeria: onshore pipelines

Welspun-Gujarat Stahl Rohren Ltd has received an order from Stroy Transgas (Canadian gas major) as the EPC contractor of Sonatrach, Algeria.

India: eco-friendly power plant

Bharat Heavy Electricals Ltd has bagged an order from Indian Oil Corp. (IOC) for setting up an energy efficient and environment friendly co-generation power plant at IOC’s Haldia refinery complex.

Singapore: deep water drilling system

Jurong Shipyard in Singapore has awarded Aker Kvaerner MH, a company in the Aker Kvaerner group, the contract for delivery of advanced deepwater drilling system for one semi-submersible drilling rig to PetroMena AS.

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.