Investments planned at Aker Verdal and Aker Stord
Aker Maritime plans to invest around NOK 300 million in its fabrication yards at Verdal and Stord in the next few years.
Kvaerner PLC has reached an agreement in principle to sell Kvaerner Oil & Gas's London-based Hydrocarbons business and Kvaerner Process Technology to Yukos Oil Company of Russia.
Norilsk, the Russian nickel mining corporation, is taking its first step out of the home territories of the former Soviet Union with its participation in the Nakety nickel project in New Caledonia.
Huaneng Power International Inc. (Beijing, China) has announced its tenth five-year plan to be co-ordinated with the construction of the China west-east natural gas pipeline.
A memorandum of understanding has been signed in Berlin for the proposed USD 800-million Hunter Specialty Steels Ltd. (HSSL) facility in New South Wales (NSW).
Stainless steel is a versatile material that finds applications in various industries and everyday products due to its desirable properties. Here are some common applications for stainless steel:
Architecture and Construction: Stainless steel is used in building structures, bridges, facades, and roofing due to its durability, corrosion resistance, and aesthetic appeal.
Medical and Pharmaceutical Equipment: Stainless steel is used in surgical instruments, medical devices, and equipment due to its excellent sterilization capabilities, biocompatibility, and resistance to corrosion and staining.
Chemical and Petrochemical Industry: Stainless steel is utilized in the construction of tanks, pipes, valves, and fittings for handling corrosive chemicals, acids, and gases. It ensures product purity, longevity, and prevents contamination.
Food and Beverage Industry: Stainless steel is widely employed in food processing equipment, brewing systems, storage tanks, and food preparation surfaces due to its corrosion resistance, ease of cleaning, and hygienic properties.
Energy and Power Generation: Stainless steel is used in power plants, nuclear reactors, and renewable energy applications like solar panels and wind turbines. It provides strength, durability, and resistance to high temperatures and corrosion.
Aerospace and Aviation: Stainless steel is utilized in aircraft components, including structural parts, fasteners, and engine components. It offers lightweight strength, high-temperature resistance, and corrosion resistance.
Marine and Coastal Applications: Stainless steel is employed in shipbuilding, offshore platforms, and coastal infrastructure due to its excellent corrosion resistance in saltwater environments.
