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    Kvaerner president and CEO resigns

    Stainless Steel World Publisher -
    President and CEO Kjell E Almskog has informed the board of directors that he wishes to resign, effective 1 November 2001.

    BASF triples vitamin B2 production in Korea

    Stainless Steel World Publisher -
    BASF is to build a new plant for the production of 3000 metric tons per year of vitamin B2 at its site in Kunsan, Korea.

    Allegheny Ludlum idles Houston facility

    Stainless Steel World Publisher -
    Allegheny Ludlum, an Allegheny Technologies Incorporated company, will indefinitely idle the melt and associated service operations located at its facility in Houston, Pennsylvania.

    Tierra del Fuego gas fields

    Stainless Steel World Publisher -
    TotalFinaElf SA plans to develop Carina and Aries gas fields off Tierra del Fuego in Argentina at a cost of USD 400 million.

    Indonesian pulp plant

    Stainless Steel World Publisher -
    A consortium of investors from eight countries plans to invest USD 1.2 billion in a pulp factory in South Kalimantan.

    Nippon Steel and Timet to co-operate

    Stainless Steel World Publisher -
    Nippon Steel Corp. and Titanium Metals Corp. (Timet) have reached an agreement to mutually co-operate in the market development and sale of titanium alloy for automobile suspension springs in Japan.

    New stainless facility for Baosteel

    Stainless Steel World Publisher -
    Baoshan Iron & Steel (Baosteel) plans to build a new stainless steel works with three continuous casters.

    Halliburton and DSND to form new subsea company

    Stainless Steel World Publisher -
    Halliburton Subsea, Dallas, a business unit of Halliburton's energy services group, and Norwegian-based DSND Subsea ASA have signed a letter of intent to combine their subsea interests in upstream oil and gas.

    AES to build Bulgaria plant

    Stainless Steel World Publisher -
    US-based AES Corp., a major investor in Bulgaria's energy sector, is planning to start building a USD 850-million, 670mw lignite coal-fired plant in Bulgaria in May 2002.

    PetroVietnam studies building refinery

    Stainless Steel World Publisher -
    State-owned Vietnam Oil and Gas Corp, known as PetroVietnam, has signed with Mitsubishi and JGC Corp to conduct a feasibility study on a second refinery located 125km south of Hanoi.
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