Tag: Korea

Korea, Malaysia discuss collaboration

South Korea’s Deputy Minister for Energy Policy Lee Ho-hyeon recently met with Petronas’ Gas and Maritime Business CEO Datuk Adif Zulkifli to discuss energy...

VDM Metals opens service center in Korea

VDM Metals has recently opened a new service center in Korea to provide even better service for its customers in Asia. Shorter delivery times as well as easier handling of large and small orders from a single source were the major factors for this decision.

ABB to replace twin DC motors in Korea

ABB has recently won a contract to replace twin DC motors and associated drives with newer AC motor and drive technology on a hot rolling mill at POSCO’s Pohang Works in Korea.

Wind Minds signs deal with Korean company

Wind Minds have signed a Memorandum of Understanding with Korean company Doarm Engineering to develop offshore wind farms in South Korea, according to Hans Rijntalder, a renewable energy consultant and founder of Pondera Consult, one of four companies that form Wind Minds.

Wärtsilä completes MSI acquisition

newsitemWärtsilä Corporation finalised its acquisition of the Germany-based L-3 Marine Systems International (MSI), and control of the company will be transferred to Wärtsilä with effect from 1 June 2015. In December 2014, Wärtsilä announced an agreement to acquire MSI from NYSE-listed L-3 Communications Holdings using financing from existing cash resources and credit facilities.

US ITC decides on review of AD on stainless plates

The US International Trade Commission has decided that revoking the existing countervailing duty order on stainless steel plate from South Africa and the existing antidumping duty orders on stainless steel plate from Belgium, Korea, South Africa, and Taiwan

US ITC vote on stainless steel imports

The US International Trade Commission has voted to extend the tariffs on stainless steel sheet and strip imports from Japan, Korea and Taiwan for another 5 years, but voted against continuing tariffs on the same product imports

Korea to build largest renewables complex

Seven Korean public institutions and businesses, including the Gyeonggi provincial government, Korea Rural Community Corp. and Korea Midland Power Corp., are teaming up in a renewable energy development project. Combined, they will invest a total of USD 536.4 million over the coming three years

Russia implements duty on some stainless

Russia has implemented a three year, anti dumping import duty on various flat rolled steel from South Africa, Korea, Brazil and China. The duties will apply to flat rolled steel containing 2.5% of nickel or more.

Gangwon iron mine to reopen

Korea will resume operation at an abandoned iron ore mine in response to rising raw material prices.