OAO Severstals $2bn investment program
OAO Severstal plans to invest USD 2 billion to optimize operating efficiency, revamp its operational facilities and ensure that the company continues to maintain industry-leading health and safety standards. The company will invest USD 650 million, a 53% increase from 2010 McLaughlin new president and CEO of CST
The Board of Directors at CST Industries, Inc. (CST) has appointed Declan McLaughlin as their new President and CEO. McLaughlin has been with the company since 2009 when he joined CST as President of Columbian TecTank. He was recently appointed to lead the integration of Columbian TecTank LE takes VRTEX 360 on the road
Lincoln Electric will feature its VRTEX™ 360 Virtual Reality Arc Welding (VRAW) training solution at seven global conferences and trade shows throughout the year, allowing industry professionals the opportunity to simulate real welding experiences in virtual environment. Warren Alloy and Allied Fitting open joint facilit
Warren Alloy and Allied Fitting have opened a new state-of-the-art joint facility to better service customers in and around the Charlotte, NC area. The new facility boasts three acres of outside storage and over 133,000 sq/ft of inventory space. Out of this location, Warren will operate a full-service branch Kansas could be home of wind energy foundry
Fundiciones Wind Energy Casting (Fundiciones W.E.C.) is considering building a USD 40 million ductile iron foundry in Hutchinson, Kansas, to supply parts for Siemens wind turbine manufacturing plant. Fundiciones W.E.C. is a metal casting company specializing in producing components 
Alan Boeckmann has been elected to Sempra Energy’s board of directors. He will serve on the board’s Compensation and Corporate Governance committees. Boeckmann has a strong background in international business management, construction and engineering. 
Siemens has selected Tillsonburg, Ontario, for its Canadian wind turbine blade manufacturing site. The factory will be located in an existing 253,000sq/ft facility that was originally opened in 1975. 
GE has closed its USD 3 billion acquisition of Dresser, Inc. Dresser is based in Addison, Texas, and has 6300 employees worldwide. With valves, actuators, meters, switches, regulators, piping products and various other products supporting compression, flow technology, measurement and distribution infrastructure, 60% of Dresser’s revenues come from outside North America. 
Figures released by the International Molybdenum Association (IMOA) revealed that world-wide production of molybdenum continued to increase during the third quarter of 2010, although usage fell. 
Siemens VAI has received an order to expand the Monlevade LD Steel Works in Brazil. The expansion will be highly effective for the steel mill, doubling its capacity by 2012.