Tag: company news

Vallourec has reached an agreement to acquire 100% of Serimax, a company that provides fully integrated welding solutions for offshore line pipes.

On 19 April 2010, the annual meeting of shareholders CJSC “Centravis Production Ukraine” (producer of seamless stainless steel tubes & pipes, Dnepropetrovsk region, Nikopol) took place.

Almost two years after an initial announcement that it was going to build a processing facility in Magna - a plan unveiled just before the global economic meltdown - Kennecott's parent company has decided to build a more advanced facility.

Wilcherry Hill iron ore joint venture participants IronClad Mining and Trafford Resources have signed an agreement with MCCM Capital Management Co. Ltd whereby MCMC can earn a 50% interest in Stage One of the Wilcherry Hill Project in South Australia by spending AUD 35 million.

The Sandmeyer Steel Co. has announced that John P. McCreery has assumed the position of Inside Sales Representative at its Philadelphia headquarters.

Fine Tubes, the UK-based manufacturer of stainless steel, nickel and titanium tubing in seamless and welded, has been awarded D&B's “Rating 1” for its “highest level of creditworthiness” and “minimal risk of failure”.

A subsidiary of Foster Wheeler Ltd’s Global Engineering and Construction Group has secured contracts from OMV Petrom SA (Bucharest, Romania) as part of OMV Petrom's modernization of the Petrobrazi refinery.

JSL Ltd has broad based its board of directors by inducting two additional independent directors on the Board of the Company.

Sinopec has more than doubled China's presence in Alberta's oilsands by paying USD 4.65 billion for ConocoPhillips' 9% stake in Syncrude Canada Ltd. Houston-based Conoco confirmed the sale after details leaked out of Hong Kong early on 12 April, sending the share prices of Canadian oilsands producers higher.

Turner Prize-winning artist Anish Kapoor’s spiralling sculpture has been chosen as the monument to mark the London 2012 Olympic Games.