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.

    Repsol-YPF boosts output in Ecuador

    Stainless Steel World Publisher -
    Repsol-YPF will invest USD 136.8 million in Ecuador as part of a plan to increase its output in the Andean nation to 100,000bpd from 19,000bpd.

    Russia’s Nizhnekamsk builds new plant

    Stainless Steel World Publisher -
    One of Russia's largest petrochemical companies, OAO Nizhnekamskneftekhim, plans to build a USD 125 million plant by 2006 to produce polypropylene.

    Lurgi wins Saudi plant deal

    Stainless Steel World Publisher -
    Saudi Arabian firm Alujain Corp has awarded to Germany's Lurgi Oel Gas Chemie a contract to build a chemical plant in the kingdom.

    Technip wins Egyptian offshore gas award

    Stainless Steel World Publisher -
    Burullus Gas Company has awarded Technip-Coflexip a contract for subsea facilities for the Sapphire gas field, offshore Egypt.

    Rush to tap Arctic

    Stainless Steel World Publisher -
    Gazprom and Rosneft have announced plans to accelerate exploration and development of five Arctic oil and gas fields.

    Air separation plant contract

    Stainless Steel World Publisher -
    National Industrial Gases Company, an affiliate of Saudi Basic Industries Corporation (SABIC), has awarded a lump sum turnkey contract for the engineering, procurement and construction of an air separation plant to Air Products.

    Franco-Russian joint venture

    Stainless Steel World Publisher -
    Lukoil and Technip will create a 50/50 joint venture company for oil & gas projects, refining and petrochemicals in Russia and other CIS countries.

    New coatings factory for China

    Stainless Steel World Publisher -
    Akzo Nobel is investing in a new factory for decorative coatings.

    Saudi independent power plant

    Stainless Steel World Publisher -
    US-based CMS Energy's joint venture with the Saudi National Power Company, Jubail Energy Company (JEC), has closed a USD 170 million limited recourse project financing for construction of a co-generation plant.

    Hyundai Engineering wins contract from Libya

    Stainless Steel World Publisher -
    South Korea's Hyundai Engineering & Construction Co. has won a USD 283 million power plant order from state-run General Electricity Company of Libya on a turn-key basis.
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