G.O. Carlson, Inc. enjoys 75th anniversary
G.O. Carlson, Inc., producer of high-performance corrosion- and heat-resistant materials, is celebrating its 75th anniversary this year. The company held a special event to celebrate this milestone at the Cross Creek Resort and Country Club with more than 220 people in attendance including retirees, current employees from both G.O. Carlson, Inc. and Electralloy, and several members of the Travaglini family. GL Noble Denton publishes new guideline
GL Noble Denton has published a new Guideline for the certification of blow-out preventers (BOPs). The Guideline defines the steps to be taken by independent third party certification bodies in certifying the integrity of the asset, which monitors and controls the flow of oil and gas wells. Since the Macondo incident, the oil and gas sector has placed much more emphasis on the inspection and testing of BOPs to ensure compliance with industry standards. Allegheny Tech completes Ladish Merger
Allegheny Technologies Inc. has completed its acquisition of Ladish Co. Inc., a USD 883 million cash and common stock purchase. The Milwaukee-based company is now an operating unit of ATI’s High Performance Metals division, which includes superalloy and titanium metal producer ATI Allvac and refractory/reactive metals producer ATI Wah Chang.
LE adds Microsoft® tag codes to equipment
Lincoln Electric will become the industry’s first international welding equipment manufacturer to add 2D Microsoft® Tag barcodes to its welding products. The Microsoft Tag codes will be featured on the product nameplates of some of Lincoln Electric’s most popular equipment. With a simple scan from a web-enabled camera phone, these codes will help consumers in the pre-sale distributor showroom environment
Severstal acquires stake in SPG Mineração
OAO Severstal has acquired a 25% stake in the Brazilian company SPG Mineração. SPG owns highly prospective iron ore exploration licenses in Amapa, Brazil. The total cost of the deal is USD 49 million, payable in performance related installments with a portion of the amount to be directed to finance the first stage of geologic exploration which aims to re-confirm the attractive geologic potential of the target’s properties.
Brazil's Rio de Janeiro state ordered ThyssenKrupp to halt its plan to expand its USD 6.5 billion Rio de Janeiro slab mill until work on pollution control systems is complete. The state's environment secretary, Carlos Minc, announced the work embargo on 11 May 2011. The company has been given one month to cover a pit used to hold hot metal, coal and gases in an emergency.
As part of its Klöckner & Co 2020 strategy, Klöckner & Co has begun its planned entry into emerging markets by acquiring a 70% share of the Frefer Group, the third-largest independent steel and metal distributor in Brazil. This acquisition will allow the company to create its first foothold in the emerging markets of South America. The acquisition is taking place at a cost that is 6.5 times the projected average EBITDA
CEO of ThyssenKrupp, Heinrich Hiesinger, has announced that the company is splitting off its stainless division so that more of its sales fall to other divisions. As a result of the split, more than 35,000 workers will be let go. The main reason for splitting off the division comes as a result of overall debt, according to Hiesinger. The stainless steel division has been running at a loss over past few years with last year's turnover amounting to EUR 5.9 billion.
R. Joseph Stratman, executive vice president of Nucor Corp., Charlotte, N.C., USA, has been appointed president of the Association for Iron & Steel Technology (AIST) for 2011–2012. He will succeed former president William P. Breedlove, executive vice president, marketing and business development, Harsco Metals and Minerals, Seven Fields, Pa., USA. Stratman has been an Executive Vice President of Nucor since September 2007
Universal Stainless & Alloy Products Inc has appointed Dr. Vijay N Madi as Chief Technology Officer effective 2 May 2011. In his new position, Madi will greatly strengthen the company's technical support to customers; he will also provide the metallurgical expertise critical for the company’s process improvement effort and product expansion strategy. Madi will oversee the metallurgical process development at Universal Stainless and supervise all Company laboratory qualification and capability testing and analysis.