Company News

In this section you can find updates from suppliers, manufacturers, fabricators and stockists of stainless steel material. This company news section is updated regularly with the latest company news from within the global stainless steel world community. If you wish to include your newsrelease on our website Stainless Steel World Americas and email newsletter, please feel free to contact us.

Forging press rebuild

Alcoa has announced that funding has been approved for the complete repair and refurbishment of its 50,000tn forging press at the company’s Cleveland Works.

Fenix nickel project update

Canadian base-metals-miner HudBay Minerals has announced that they expect to make a final decision on whether to proceed with the Fenix nickel project, in Guatemala, around the middle of next year.

Tata Steel to set up JV

Tata Steel Ltd is setting up a JV with New Millennium Capital Corp. for development of the Direct Shipment Ore project in Canada.

Mexico: Project Ethylene XXI

Braskem S.A., in association with the Mexican corporate group IDESA, has won the auction held by Pemex Gas, a state-owned Mexican company, for the acquisition of ethane, which will be used as feedstock for an integrated petrochemical project to be developed in that country (Project Ethylene XXI).

RathGibson‘s12-head polisher

With RathGibson’s newly installed 12-head mechanical polisher, the company now offers ultra-fine OD finishes for their finest precision engineered welded, welded and drawn, and seamless tubing.

Universal Stainless CEO and VP speak at conference

Universal Stainless & Alloy Products Inc.’s President and Chief Executive Officer, Dennis Oates, and Vice President of Finance and Chief Financial Officer, Richard Ubinger, spoke at the Davenport Metals & Mining Conference in New York City on 5 November 2009.

Denbury acquires Encore

Denbury Resources Inc. and Encore Acquisition Co. have entered into a definitive merger agreement pursuant to which Denbury will acquire Encore in a transaction valued at USD 4.5 billion, including the assumption of debt and the value of the minority interest in Encore Energy Partners LP.

Jinchuan pulls out of Kwale project

A titanium mining project in Kwale has been hit by a new wave of confusion after a Chinese company opted out of an agreement to take control of the project from a Canadian company.

Shell may drill off the coast of Alaska

Royal Dutch Shell has gained permission from the US Government to drill for oil and gas in the Beaufort Sea off the coast of Alaska.

Stainless cladding facility

NX Infrastructure Inc. has relocated its headquarters from the UK to Jacksonville, Florida, and hopes that production of its rebar will begin in 2010.