Tag: company news

Carpenter Technology Corporation has acquired Oilfield Alloys Pte Ltd for USD 4.8 million. Located in Singapore, Oilfield Alloys manufactures and distributes directional drilling equipment to the Asia-Pacific region.

Sumitomo Metal Industries, Ltd. (Sumitomo Metals) and Sumitomo Corporation will acquire Steel Wheel Acquisition Corporation (SWAC), the parent company of Standard Steel, Inc. (Standard Steel) located in the US.  

Harsco Corporation has been awarded two new environmental solutions contracts by JSW Steel Ltd. Valued at a combined total of over USD 135 million, the contracts take place over a 10 year period, adding to Harsco’s emerging presence in India

Stainless Structurals, LLC, has formed a sister company, Stainless Structurals Works, LLC, in Conroe, Texas. The owner of 40 acres in Conroe, Stainless Structurals Works has executed a contract for construction of a 124,000sq/ft facility.

Construction on the new Rajhi Steel complex in King Abdullah Economic City in Rabigh has begun. Amr Al-Dabbagh, governor of Saudi Arabian General Investment Authority and Abdul Aziz Al-Aboudi, chairman of Al-Rajhi Steel Company

Sumitomo Metal Industries, Ltd. (Sumitomo Metals) has created a new corrosion-resistant steel with tin (Sn) that can be used in salt-containing environments or cold climates where anti-freezing agents are sprayed.

Abu Dhabi National Energy Company PJSC (TAQA) has awarded Frames Process Systems B.V. (Frames), a multi-million Euro contract to deliver Dew Point Correction Units (DPCU) for Bergermeer Gas Storage in the Netherlands.

China-based Hainan Mining Co., a subsidiary of Shanghai-based vertically-integrated company Fosun Group, has signed a medium to long-term partnership agreement with Zhejiang Province-based Ningbo Iron and Steel Co. Ltd (Ningbo Steel).

Alstom has signed a contract worth almost EUR 200 million to build and service three wind farms in Brazil for Brasventos S.A., a company made up of J. Malucelli Energia (51%), Eletrobras Eletronorte (24.5%) and Eletrobras Furnas (24.5%). The wind farms, to be situated in Rio Grande do Norte State