Projects

This section provides the latest news updates on a variety of world-wide tenders, projects, expansions contracts and acquisitions for stainless steel and related products.

Gamesa to build wind turbine

Gamesa is leading a EUR 25 million project to build a massive 15MW wind turbine. The Azimut Offshore Wind Energy 2020 project joins eleven companies and 22 research centres specialising in offshore wind energy technologies to generate the know-how required to develop a large-scale marine wind turbine using 100% Spanish technology.

Bayer to build five plants in China

Bayer MaterialScience will invest EUR 110 million to construct five new downstream facilities in China by 2012. The facilities will consist of three polyurethanes systems houses, a new polycarbonate sheet facility and a polycarbonate color compounding and design center.

IMG acquires iron ore property in Chile

Iron Mining Group, Inc.’s (IMG) wholly owned subsidiary, Chile Inversiones de Minerales, Ltda. has completed the initial acquisition of 50% of the La Serena Iron Sands Mine.

Eni and PDVSA make refinery deal

The Minister of Energy and Petroleum of Venezuela, Rafael Ramirez, the President of PDVSA, and Paolo Scaroni the CEO of Eni, signed contracts for the development of two mixed enterprises.

New blog offers insight

A new blog, CustomCarbideTools.com, offers help to manufacturers looking to decrease the costs of projects in the aerospace, building supply, marine, automotive and related industries.

Tidal power research project

Prysmian and International Telecom have been selected by the Fundy Ocean Research Center for Energy (FORCE) to partner in an exploratory project researching the potential of tidal power generation.

AES to build 150 MW wind farm

AES Corporation has entered into an agreement with Pakistan’s ministry of water and power to build a USD 375 million wind power generation plant.

Major titanium find in Paraguay

CIC Resources Inc has discovered a significant deposit of ilmenite ore in the eastern part of Paraguay.

JV allows TMK stainless increase

TMK requires a joint venture in order to increase its stainless tube and pipe capacities.

Canadian steel groups unite

Bloc Québécois member Gerard Asselin proposed changing Canada's federal Public Works Act to make wood the preferred building material for government construction projects.