NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Plant Automation Technology portal grants a dynamic and diverse feed of news items.

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After ramping up operations a few months ago, new manufacturer AGCOR Steel is preparing to formally celebrate its grand opening next week. The company is a metal roofing and steel building component manufacturer located at 152 County Road 1297 in the Vinemont community. AGCOR handles manufacturing, distribution and sales. Open…

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U.S. Steel Corp. on Friday confirmed that 799 employees to date have been temporarily laid off in Fairfield. Sarah Cassella, a spokeswoman for U.S. Steel Corp. in Pittsburgh, told the BBJ on Friday that since March 29, 799 workers have been laid off at both the Fairfield Works and Fairfield…

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Jindal Saw shareholders have approved the proposal for entering into contract worth up to Rs 10,000 crore with group firm JSW Steel, from which it purchases raw material. The proposal for related party transaction was cleared by its shareholders through a special resolution last month. Jindal Saw is a part…

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Tata Steel has failed to reach a deal with UK unions about its proposal to change the British pension scheme, it told India's National Stock Exchange on Thursday. UK unions Community, GMB, UCATT and Unite will start balloting some 17,000 members over strike action from May 6, one day before…

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A Chicago steel shelving company is expanding into Gary, creating about 300 new jobs — welcome news in a struggling city hobbled by poverty and high unemployment. The jobs will come quickly, too. The Edsal Manufacturing Co. Inc. hopes to hire 200 people within 90 days and begin churning out…

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Delhi-based steel tube maker APL Apollo Tubes is set to expand its manufacturing capacity by 19 per cent this financial year. The company is investing Rs 100 crore to take this from 840,000 tonnes to a yearly million tonnes. “We are seeing strong demand for steel pipes from the housing,…

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Essar Steel, one of the leading steelmakers, on Wednesday announced restoration of its 30 MW captive power plant located at its pellet plant facility here after it was severely damaged due to cyclone Hudhud. The plant is being operated at full capacity and has begun supplying power to the eight…

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Tata Steel on Thursday reported a marginal growth of 1.92 per cent in its crude steel production at 9.33 million tonnes (MT) for the financial year 2014-15. Crude steel production in 2013-14 stood at 9.15 MT, Tata Steel said in a statement. The Tata Group's flagship firm said it produced…

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Evraz Plc’s South African steelmaker plans to apply for the local equivalent of bankruptcy protection as a slump in demand for the metal left it with insufficient funds. Evraz Highveld Steel and Vanadium Ltd.’s board filed a resolution to begin so-called business-rescue proceedings with the country’s companies regulator, the unit…

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German steelmaker ThyssenKrupp is selling its automotive contract assembly unit, which makes axle systems for car makers, as it seeks to streamline its activities and beef up profitability, two sources familiar with the deal told Reuters. The company has mandated BNP Paribas to find a buyer for the automotive systems…