Press Releases
12 November 2021
Risen Energy Co., Ltd, a leading, Tier 1 manufacturer of high-performance solar photovoltaic products, today announced the release of its superior PV module with high strength alloy steel frame. In response to ongoing demand for carbon footprint reduction, from both customers and governments alike, Risen Energy has developed an alternate framing system to mitigate the inherent carbon footprint of aluminium. By using a mission optimised, coated alloyed steel, complete with a signific
Read more...Algoma Steel Group Inc. a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced that its Board of Directors has authorized the Company to construct two new state-of-the-art electric-arc-furnaces (EAF) to replace its existing blast furnace and basic oxygen steelmaking operations. The transformation is expected to reduce Algoma’s carbon emissions by approximately 70%. Following the transformation to EAF steelmaking, Algoma’s
Read more...Huadi International Group Co., Ltd. a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announces that the Company entered into a strategic cooperation framework agreement (the “Agreement”) on October 28, 2021 with Zhejiang Lanneng Gas Equipment Limited (the “Lanneng”) to jointly develop and produce high-pressure hydrogen storage tank stainless steel pipe. Pursuant to the Agreement, both parties
Read more...To meet the needs of food and chemical processing industries, Leine Linde now offers a splash-proof and corrosion-resistant absolute encoder for machinery positioning and synchronization. This encoder is part of the RSA 500 family, and is available in North America through parent company HEIDENHAIN. The encoder is made of stainless steel, grade 1.4404, and can be obtained with a custom assembly built to withstand aggressive liquids. For example, some liquids processed in the food in
Read more...9 November 2021
Alcoa Corporation announced today that the Portland Aluminium joint venture plans to restart 35,000 metric tons per year (mtpy) of curtailed capacity at its aluminum smelter in the State of Victoria in Australia. The process to restart the capacity, which has been idle since 2009, will begin immediately, with metal production expected to start in the third quarter of 2022. Portland Aluminium is an unincorporated joint venture with 358,000 mtpy of total capacity, and Alcoa
Read more...9 November 2021
Ampco-Pittsburgh Corporation announced today that it would be presenting at the Southwest IDEAS Investor Conference on November 17, 2021, at the Westin Dallas Downtown in Dallas, Texas. J. Brett McBrayer, Chief Executive Officer, will present a corporate overview and update for registered investors and other conference attendees. The Corporation's presentation begins at 12:45 p.m. CT and will be webcast live on the Investor Relations page of the Ampco-Pittsburgh websit
Read more...5 November 2021
Russel Metals Inc., announces that it has entered into an agreement to acquire a group of companies that operate as Boyd Metals ("Boyd") for US$110 million, subject to closing adjustments. Boyd operates five service centers in Fort Smith (Arkansas), Little Rock (Arkansas), Joplin (Missouri), Oklahoma City (Oklahoma) and Tyler (Texas). Boyd's product mix is primarily comprised of carbon steel products, but also includes stainless steel, aluminum and other related
Read more...5 November 2021
Hyzon Motors Inc., a leading global supplier of zero-emissions hydrogen-powered fuel cell electric commercial vehicles, announced today a joint demonstration project with Zhangjiagang Haili Terminal Co., Ltd., a subsidiary of Fortune 500 company Sha Steel Group, the 4th largest steel company and the largest private steel enterprise in the world. Under the demonstration agreement, Hyzon Motors expects to supply 49-ton hydrogen fuel cell heavy-duty trucks for a 60-day trial at Sha Ste
Read more...Worthington Industries, Inc., announced that its Steel Processing segment has signed an agreement to acquire Tempel Steel Company, one of the world's leading manufacturers of precision motor and transformer laminations for the electrical steel market. Tempel is a global business and manufactures in five facilities located in Chicago, Canada, China, India and Mexico. “Acquiring Tempel will immediately make us a market leader in the rapidly growing electrical steel market th
Read more...29 October 2021
Tata Steel and Tata Power, the two flagship companies of the Tata Group, have come together to develop a grid-connected solar project in Jharkhand and Odisha. The two companies have signed a Power Purchase Agreement (PPA) for a duration of 25 years to set up 41MW solar project, which will be a combination of rooftop, floating and ground mounted solar panels. Under the project, Tata Power will develop Photo Voltaic (PV) capacities for Tata Steel at Jamshedpur (21.97MWp) and Kalinganagar(19.22M
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