China TOP 10 most profitable steel compagnies (US)China TOP 10 most profitable steel compagnies (US) China Economic Weekly has released the latest ranking of China's most profitable  steel companies fro 2012 . Baoshan Iron & Steel Co., Ltd., also known as Baosteel, is the biggest winner, with...

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Daye Special Steel to build a new 900,000 tons long products facility (US)Daye Special Steel to build a new 900,000 tons long...   Construction work begins on Daye Special Steel's steel bar project On November 18, Beijing-based state-owned China Metallurgical Group Corporation (MCC) announced that its subsidiary China...

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Platestahl to invest  more than €20 million (German) Platestahl to invest more than €20 million (German)... 3 Millionen Euro investiert Platestahl Lüdenscheid in eine neue Ringwalzanlage (Credit Photo @ Florian Hesse ) Focus  A new 2000 tons press expected for 2016 €13 million for a new ring...

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SMST investit 11 millions d’euros sur son site de Montbard SMST investit 11 millions d’euros sur son site de... Un programme de 11 millions d'euros d'investissement sur 2014 et 2015 permettra d’augmenter la capacité de la presse à filer de 3400 tonnes à 4000 tonnes. (Credit Photo @ SMST) L’usine française...

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Jean-Christophe Chassaigne nouveau patron de SMST MontbardJean-Christophe Chassaigne nouveau patron de SMST Montbard (Credit Photo @ SMST) Qui est Jean-Christophe Chassaigne ? Ce dirigeant de 46 ans a une tête bien faite. Docteur ingénieur de l’École Supérieure de Physique de Grenoble, il est aussi titulaire...

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Geopolitical derisking strategy helps RTI to increase sales volume (US)Geopolitical derisking strategy helps RTI to increase... RTI’s forge presses at Niles, Ohio, (two 3,000T hydraulic presses and one GFM press) and Martinsville, Va., (5,000T hydraulic) produce machined and ultrasonic-inspected round billet from 4-inch diameter...

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China TOP 10 most profitable steel compagnies (US)

Category : Market

China Economic Weekly has released the latest ranking of China’s most profitable  steel companies fro 2012 . Baoshan Iron & Steel Co., Ltd., also known as Baosteel, is the biggest winner, with a net profit of 10.43 billion yuan (US$1.7 billion).

 Focus 

China’s top 10 most profitable steel companies in 2012

  1. Baoshan Iron & Steel Co., Ltd.(宝钢股份): 10.43 billion yuan (US$1.7 billion)
  2. Xinxing Ductile Iron Pipes Co., Ltd.(新兴铸管): 1.52 billion yuan (US$246.93 million)
  3. Shanxi Taigang Stainless Steel Co., Ltd.(太钢不锈): 999 million yuan (US$162.72 million)
  4. Inner Mongolia Eerduosi Resources Co., Ltd.(鄂尔多斯: 944 million yuan (US$153.76 million)
  5. Fangda Special Steel Technology Co., Ltd.(方大特钢)537 million yuan (US$87.46 million)
  6. Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd.(酒钢宏兴): 477 million yuan (US$77.69 million)
  7. Inner Mongolia Baotou Steel Union Co., Ltd.(包钢股份): 258 million yuan (US$42.02 million)
  8. Jiangsu Changbao Steeltube Co., Ltd.(常宝股份): 230 million yuan (US$37.46 million)
  9. Daye Special Steel Co., Ltd.(大冶特钢): 218 million yuan (US$35.51 million)
  10. Zhejiang Jiuli Hi-tech Metals Co., Ltd.(久立特材) : 161 million yuan (US$26.22 million)

AA 

The Chinese steel industry was entering a long period of adjustment, based on the 2012 annual reports of China’s public companies. Continue Reading

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Daye Special Steel to build a new 900,000 tons long products facility (US)

Category : Actualités

Daye Special Steel

 

Construction work begins on Daye Special Steel’s steel bar project

On November 18, Beijing-based state-owned China Metallurgical Group Corporation (MCC) announced that its subsidiary China MCC5 Group has started construction work on Daye Special Steel’s new steel bar project in Huangshi in Hubei Province. The project in question has a Continue Reading

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Platestahl to invest more than €20 million (German)

Category : Entreprises

Platestahl

3 Millionen Euro investiert Platestahl Lüdenscheid in eine neue Ringwalzanlage (Credit Photo @ Florian Hesse )

Focus 

  • A new 2000 tons press expected for 2016
  • €13 million for a new ring rolling mill
  • Production  around  25,000 ton/year 
  • Turnover : €50 to €60   Million
  • Employees : 240 

AA

Lüdenscheid  – Es ist die größte Investition der langen Firmengeschichte, doch deshalb hebt man im Versetal nicht ab. 13 Millionen Euro steckt Platestahl in eine neue Ringwalzanlage. Zusammen mit dem Neubau zweier Hallen sind es schon 20 Millionen Euro, die Plate in den Standort investiert. Die neue Halle wird auch die neue Anlage aufnehmen. Im Vordergrund liegt Ausgangsmaterial. Rund 25 000 Stahl verarbeitet Plate Continue Reading

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SMST investit 11 millions d’euros sur son site de Montbard

Category : Entreprises

SMST 002

Un programme de 11 millions d’euros d’investissement sur 2014 et 2015 permettra d’augmenter la capacité de la presse à filer de 3400 tonnes à 4000 tonnes. (Credit Photo @ SMST)

L’usine française d’un des quatre principaux fabricants mondiaux de tubes sans soudure en acier inoxydable vient de fêter ses 20 ans à Montbard (Côte-d’Or). Salzgitter Mannesmann Stainless Tubes muscle ses équipements stratégiques pour doper sa capacité et réduire ses coûts. Avec une bonne année 2014, l’entreprise recrute une trentaine d’intérimaires et gonfle ses effectifs permanents de 20 personnes. Cela va plutôt bien pour l’unité qu’exploite l’Allemand Salzgitter Mannesmann Stainless Tubes à Montbard (Côte-d’Or). L’industriel bourguignon, plus connu sous son Continue Reading

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Jean-Christophe Chassaigne nouveau patron de SMST Montbard

Category : Portrait

Jean-Christophe Chassaigne  SMST

(Credit Photo @ SMST)

Qui est Jean-Christophe Chassaigne ?

Ce dirigeant de 46 ans a une tête bien faite. Docteur ingénieur de l’École Supérieure de Physique de Grenoble, il est aussi titulaire d’un DEA de sciences et génie des matériaux de l’Ecole Nationale d’électrochimie et électrométallurgie,  toujours à Grenoble. Il commence sa carrière dans la Continue Reading

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Geopolitical derisking strategy helps RTI to increase sales volume (US)

Category : Strategy

RTI titanium forging

RTI’s forge presses at Niles, Ohio, (two 3,000T hydraulic presses and one GFM press) and Martinsville, Va., (5,000T hydraulic) produce machined and ultrasonic-inspected round billet from 4-inch diameter to 18-inch diameter, as well as rectangular billets and shaped forgings spanning a wide range of sizes and weights. (Credit Photo @ RTI)

 ” In the third quarter, we ended up receiving some customer commitments that we weren’t previously forecasting. These were mainly due to implementation of de-risking strategies to manage growing geopolitical risk that was created by developments in the Ukraine and the Middle East. As it turns out, these volumes are now taking the place of, and surpassing, the previously expected ramping Joint Strike Fighter volumes, which we now see shifting into first half of 2015. So while we continue to expect the aggregate of our full year financial results to be in line with our previous outlook, we now expect to get there with a somewhat different mix. We will have higher volumes of lower-priced products than previously forecast, while we will continue to see improved product cost in our Titanium segment.”

RTI CEO Dawne Hickton

Titanium sales powered RTI International Metals Inc. to higher revenue in the third quarter although profits were flat. RTI (NYSE: RTI) reported net income of $12.29 million, or 38 cents a share, in the three months ended Sept. 30, compared with $12.29 million, or 38 cents a share, in the same period a year ago. Revenue was $202.26 million, up from $194.94 million a year ago.Titanium was the big story in the third quarter, with Continue Reading

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Solar Atmospheres Helps RTI to serve Boeing (US)

Category : Entreprises

 RTI titanium

Solar Atmospheres of Western PA Extends Boeing  Dreamliner Contract with RTI Claro in Canada

 Hermitage, PA. November 17, 2014 – Solar Atmospheres of Western PA, announced today that it has signed a Memorandum of Agreement (MOA) with RTI Claro, a business unit of RTI International Metals, Inc. located in Laval, Quebec, Canada, to extend its contract for the Vacuum Continue Reading

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Gregory A. Pratt Returns at Carpenter as new CEO (US)

Category : Actualités

Gregory A. Pratt Carpenter Technology

Mr. Pratt currently serves as Chairman of the Board of Directors of Carpenter Technology Corporation, a leading global manufacturer of specialty stainless steels and high temperature alloys. Recently, he served as interim President and CEO and has been a board member since 2002. (Credit Photo @ Operation Warm)

WYOMISSING, Pa., Nov 14, 2014 (BUSINESS WIRE) — Carpenter Technology Corporation’s Board of Directors today announced that Gregory A. Pratt will return as CEO of the Company, effective immediately. Mr. Pratt was Carpenter’s CEO in 2009 – 2010, and has been a Board member since 2002. Pratt will also continue as the Chairperson of Carpenter’s Board, a position he has held since 2009. During his tenure as Chairperson, Carpenter has made numerous investments in its business, acquired Amega West and Latrobe Specialty Metals, and built Carpenter’s new Athens facility. Pratt has a distinguished career in metals, materials, and information technology serving as CEO of both Carpenter Technology and OAO Technology Solutions. Mr. Pratt received a Bachelor of Science in business Continue Reading

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Carpenter’s CEO and President William A. Wulfsohn Resigns (US)

Category : Entreprises

William A. Wulfsohn, Former president and chief executive of Carpenter Technology Corp. (Credit Photo @  Ryan McFadden -Reading Eagle) 

President and CEO of Carpenter Technology to succeed retiring Jim O’Brien effective January 1, 2015; Wulfsohn brings nearly 30 years of global chemicals and industrial experience

Covington, Ky., Nov. 14, 2014 – Ashland Inc. (NYSE:ASH) today announced its board of directors has moved forward with its ongoing integrated succession and strategic plan by electing William A. Wulfsohn as the company’s new chairman and chief executive officer, effective January 1, 2015. He succeeds James J. O’Brien, who earlier this year announced plans to retire at the end of December after serving 12 successful years as chairman and CEO. Wulfsohn, 52, brings nearly 30 years of world-class chemicals and industrial manufacturing experience to his new role with Ashland. Since 2010, he has served as president and CEO of Carpenter Technology Corp. (NYSE: CRS), a global leader in the development, manufacture and distribution of cast/wrought and powder metal stainless steels and specialty alloys used in aerospace, energy, medical, transportation, consumer and industrial products. He also has served on Carpenter’s board since 2009. Wulfsohn has led Carpenter’s Continue Reading

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OMZ-Special Steels completes production of a pressure vessel shell for VVER-TOI project (US)

Category : Entreprises

OMZ special Steel

6 meter sheel in 15X2HMFA steel grade for the  Russian VVER -TOI Nuclear Reactor (Credit Photo @ OMZ Special Steels)

OMZ-Special Steels, part of OMZ Group, completed main heat treatment of a unique 6-meter pressure vessel shell for nuclear reactor core for the next-generation VVER-TOI project. Experimental shell of nuclear reactor core for VVER-TOI project developed by Rosatom subsidiary Atomenergoproekt, general designer of nuclear power plants, was produced at OMZ-Special Steels in January, 2014. The component was manufactured from a 420-tonne ingot at AKK-12000 forging plant. The ingot Continue Reading

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Fire damages Ellwood Forge (US)

Category : Sécurité

Ellwood City Forge 002

First responders were summoned to Ellwood City Forge in Ellwood City at around noon on Monday. Firefighters from seven departments were seen arriving and leaving the premises, but Ellwood City Forge representatives at the site would not comment or allow a photographer access to whatever was taking place. (Credit Photo @  Dawn Wehman – Elwood City Ledger)

ELLWOOD CITY — An employee monitoring operations at Ellwood City Forge may have prevented a catastrophic fire at the plant. Ellwood City Fire Chief Rick Myers said the “de-mag” section of Ellwood City Forge’s facility on Commercial Avenue was significantly damaged by the fire, which began shortly before noon Monday, but no one was injured. Forge officials said in a press release issued Monday afternoon that the fire’s cause was under investigation. The fire began when a hydraulic pump on Continue Reading

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Superalloy Technology Aids Ford Fusion 2.0-Liter Turbo Durability (US)

Category : Recherche & Développement

Ford Ecoboost

DEARBORN – Enthusiasts will say the all-new Ford Fusion equipped with the 2.0-liter EcoBoost® turbo engine is a rocket ship. Fusion engineers will tell you parts of its engine depend on technology from one. To prolong turbo life and combat thermal fatigue, powertrain engineers for the new Ford Fusion, in conjunction with a team at supplier BorgWarner, went to the upper limits of commercially available turbo materials when deciding on the turbine wheel for the turbocharger fitted to 2.0-liter EcoBoost variants. The same material has been tried and tested in outer space, as a version of it was used on the Space Shuttle main engine’s high-pressure fuel turbo pump and the blades of its high-pressure Continue Reading

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Superalloys: the marvellous metals that take us to the skies (US)

Category : Recherche & Développement

Superalloys blade materials

Progress in turbine blade capability has continued for over 50 years. Recent advances have been spurred by the advent of single crystal casting technology (Credit Photo @ NASA)

Able to stand the heat where other metals fail, flight would be the sole preserve of the rich without these impressive nickel alloys

Next time you find yourself on an aeroplane speeding down a runway, perhaps on your way to somewhere hot, consider for a brief moment that the jet engines taking you there will have already reached temperatures of 1,500C (2,732F). This temperature exceeds the melting point of the metals that make up the engine, and the fact that the whole thing doesn’t just turn into a molten pool of liquid is down to some nifty materials. So remarkable are they that when they were developed in the 1940s, the heyday of comic-book superheroes, the alloys were given the name “superalloys”. Unlike their fictional counterparts, the super powers of these alloys can now be understood rationally, although at the time they were a mystery. If you have ever blown up a balloon and then let it go, allowing it to zoom and fart its way around a room, you will have a good Continue Reading

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Midhani to Invest in 17,000 forging Press and Steel Facility for $ 120 Million (US)

Category : Entreprises

On photo,  in 2010, Defence Minister A.K. Antony listening to CMD, Mishra Dhatu Nigam Limited Narayana Rao about the Rs. 700 crore extensive expansion of MIDHANI after laid foundation stone at Kanchanbagh campus in Hyderabad on Friday. (Credit Photo @  Mohammed Yousuf -The Hindu) 

Public sector undertaking Mishra Dhatu Nigam Limited (Midhani) would approach the Centre to invest in its proposed large greenfield facility for indigenous production of high-quality steel forge, refining and melt facility in the country. According to Midhani, establishment of such a facility is of strategic importance to the country and also to compete with China, which has created huge capacities and was functioning as a strong base for global contractual works. Speaking to Business Standard, Midhani chairman and managing director, Narayana Rao, said the proposal for creating a national 17,000-tonne large common steel forge, refining and melt facility is being actively discussed by it with key Continue Reading

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1941: the birth of First U.S. Jet Engine by GE (US)

Category : Histoire de la métallurgie

First US engine

First U.S. Jet Engine: In the fall of 1941, a top secret group of GE engineers nicknamed the Hush-Hush Boys (above) used Sir Frank Whittle’s Continue Reading

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Aequs to spend $100 million on expansion (US)

Category : Actualités

aequs CEO 001

Aravind Melligeri, Chairman and Chief Executive of Aequs (Credit Photo @ The Hindu)

 

Manufacturing firm to fund expenditure through debt, equity

Capital structure

The Karnataka-based company, which was formerly known as QuEST Global Manufacturing, will fund its capital expenditure programme through a mix of promoter’s equity (50 per cent) and debt (50 per cent), Aravind Melligeri, Chairman and Chief Executive of Aequs, told BusinessLine in a telephonic conversation. Aequs specialises in precision machining, sheet metal fabrication, assembly, forging, and special processing. Its clients include marquee names such as Airbus, Saab, Bosch and others. Melligeri said Aequs is on track to clock $30 Continue Reading

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Aravind Melligeri, Chairman & CEO, Aequs (US)

Category : Portrait

Aequs CEO 002

Aravind Melligeri, Chairman & CEO, Aequs (Credit Photo @ The Machinist)

With India having emerged as a major auto component procurement hub for global OEM players, there is a rising thrust on technology innovation and cost optimisation for manufacturers. His passion for manufacturing drove Aravind Melligeri, Chairman & CEO, Aequs, to enter this field from an engineering services background. “At the end of the day, I believe that we need to have a physical product to realise anything virtual. The fact that Aequs has investments in every stage of making something from the conceptual stage to reality in mechanical products is what inspires me to strive for more and achieve perfection at every stage of delivery. My biggest strength is to visualise what can bring value to Continue Reading

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China’s Largest Steel Ring Forging was Born (US)

Category : Actualités

AVIC forging ring

(Credit Photo @ Avic Forgings)

Focus  :

  • Manufacturer : AVIC Forgings
  • Forming : Ring Rolling
  • Diameter : 8,700 mm
  • Height : 309 mm
  • Weight : 32 tons
  • Materials : Steel 

AA

March 15, 2014, after many hours of research, Avic Excellence forging (Wuxi) Co., Ltd. successfully make the largest diameter alloy ring forgings so far,8700 mm in diameter , 309 mm in height , single-piece weight 32 tons ,which could be rated as top grade of steel ring forgings. It Continue Reading

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ASCO celebrates 60 years with open house (US)

Category : Entreprises

ASCO

ASCO Aerospace USA workers prepare to work on one of the aluminum supports the company manufactures for the Boeing 787. (Credit Photo @ ST News Press)

When Belgian aerospace firm ASCO Industries purchased the shuttered Mercruiser plant in 2012, Stillwater’s leaders looked forward to a brighter future for that facility and the city. They saw what that future looks like Wednesday, when ASCO Aerospace USA celebrated its parent company’s 60th anniversary by hosting an open house and plant tour. ASCO Industries vice chairman Trudo Motmans welcomed guests, saying the company bought an empty factory and promised to have it equipped by 2014. At the time, the company said it expected to invest up to $100 Continue Reading

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Tata Steel starts rolling bigger product in Scunthorpe (US)

Category : Actualités

Tata steel 004

TATA STEEL, SCUNTHORPE, Finishing stands at the rail mill. (Credit Photo @STAHLSEITE

A SERIES of trials in the Rod Mill on the Tata Steel works in Scunthorpe has led to a breakthrough in production methods. For the first time, employees are able to supply steel for a wider range of products. The 18-month trial programme resulted in the maximum diameter of wire rod Continue Reading

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Alcoa to invest $190 million in Davenport Works plant (US)

Category : Actualités

Alcoa Davenport

Less than a year after completing a $300 million expansion at its Quad-City manufacturing facility, Alcoa Inc. announced Monday that it will invest an additional $190 million to expand its product offerings in the aerospace and industrial markets. Alcoa Davenport Works is installing manufacturing technology to enhance the performance of thick aluminum and aluminum-lithium plate in various applications, including wing ribs and fuselage frames. The investment in the world’s largest rolling mill is the installation of a new “very thick-plate stretcher,” company officials said. The stretching process reduces stress introduced into the plate as part of the manufacturing process, resulting in a part that can Continue Reading

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McKinsey au secours de Maghreb Steel

Category : Strategy

Maghreb Steel McKinsey

AMINE TAZI-RIFFI, DIRECTEUR, MCKINSEY, GENÈVE (Credit Photo @ Forum Africa)

Un plan de sauvetage du géant marocain de l’acier Maghreb Steel, confronté à de graves difficultés financières depuis plusieurs années, a été accepté par les différentes parties impliquées. C’est le fruit d’un travail piloté par Amine Tazi-Riffi, du cabinet de conseil McKinsey. Empêtré dans des difficultés financières, le géant marocain de l’acier Maghreb Steel peut enfin souffler. Un plan de sauvetage piloté par Amine Tazi-Riffi, directeur du bureau de Genève du cabinet de conseil McKinsey, vient d’être Continue Reading

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Saarchimiede main supplier of forgings for the world’s most powerful gas turbine (German)

Category : Entreprises

Siemens  SGT5-8000H

Focus 

  • Name : SGT5-8000H
  • Manufacturer : Siemens
  • Output Power  : 400 MW
  • Efficiency : 60.75
  • Weight  : 440 T
  • Parts : The turbine is made with 95 % of forgings and castings parts 
  • Main Forgings Supplier : Saarschmiede 

AA

(German)

Düsseldorf steuert auf einen Weltrekord zu: Im Hafen der nordrhein-westfälischen Landeshauptstadt entsteht das größte und effizienteste Gaskraftwerk der Welt. Herzstück der Anlage ist die Siemens-Gasturbine SGT5-8000H – ein gigantischer Continue Reading

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ASO Siderurgica elected as 2013 best performed italian steelmaking company (Italian)

Category : Awards

ASO Siderurgica

Focus 

Italian Special Steelmaking Aso Siderurgia was elected by Siderweb as the best 2013  italian steelmaking company. ASO Siderurgica, the ASO Group’s parent company, was established in 1971 and specialises in the production of large special steel ingots and forged bars, mainly for application in the oil & gas, petrochemicals, power generation, aerospace, mechanical and naval industries.  The company’s background combines Brescia’s traditional vocation for steel-making with state-of-the-art plant engineering and metallurgical technologies.

 AA

(Italian)

Brescia – La sesta edizione di Bilanci d’Acciaio è stata anche l’occasione per consegnare il riconoscimento Bilancio d’Acciaio a cinque aziende del settore.Siderweb, infatti, ha deciso quest’anno di premiare le imprese che si sono distinte nel 2013 per crescita, redditività e scelte di Continue Reading

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CVMR and AREVA to deploy metal powder production in the United States. (US)

Category : Recherche & Développement

CMVR CEO Powder

Kamran M. Khozan & Chairman & CEO of CVMR  (Credit Photo @ CVMR)

Chairman and CEO of CVMR® Corporation (CVMR®) of Canada, Kamran M. Khozan, and Tara Neider, President and CEO of AREVA Federal Services LLC (AFS), a U.S. subsidiary of AREVA, announce an alliance for the deployment of metal powder production, refining and manufacturing plants in the United States. The plants will position CVMR® as the industry leader for powdered metal production based on their proprietary systems and technology. The projects will include research Continue Reading

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GE Oil & Gas wins top award for nickel base shrouded impeller (US)

Category : Recherche & Développement

GE Impller 625

As shown in the left-most CAD image, (a), the shrouded impeller consists of a number of complex vanes sandwiched between solid surfaces. The part is difficult to machine from a solid billet. As seen on the right, (b), HIP PM net shape techniques offer a method by which the complex inner surfaces can be manufactured to net shape dimensions, leaving only the easily accessed outer surfaces that require machining. The alloy is a NACE-MR0175 compliant material,  that exhibits outstanding corrosion properties and resists liquid droplet erosion. HIP and Heat Treatment parameters were optimised for Alloy 625M and sour acid gas applications (Credit Photo @ IPMD)

The International HIP committee (IHC) presented its ‘HIP Parts of Excellence’ award winners at HIP’14, the 11th International Conference on Hot Isostatic Pressing, Stockholm, Sweden, June 9-13. GE Oil & Gas, Italy, together with Synertech PM, Inc. and LNT PM, Inc. received the Grand Prize in the competition for an Alloy 625M shrouded impeller manufactured for use in centrifugal compressors used in the oil and gas Continue Reading

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Coal Power Plant Materials Edited by Ahmed Shibli (US)

Category : Livres

Coal Power plant Materials

Author : 
A. Shibli

Ahmed Shibli is the managing director of European Technology Development Ltd, Surrey, UK
 
Coal Power Plant Materials and Life Assessment, 1st EditionDevelopments and Applications

Editor :A Shibli
Release Date:07 Jul 2014
Imprint:Woodhead Publishing
Print Book ISBN :9780857094315
eBook ISBN :9780857097323
Pages:42

Key Features

Summarizes key research on coal-fired power plant materials, their behavior under operational loads, and approaches to life assessment and Continue Reading

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Sandvik to set up $45 M facility at Chakan, India (US)

Category : Strategy

Sandvik India

Sandvik AB President and CEO Olof Faxander (right) and Country Manager Parag Satpute at a press conference in New Delhi on Wednesday. (Credit Photo: Ramesh Sharma – The Hindu)

To make phased investment spread over five years

Swedish industrial group Sandvik is planning to set up a world-class manufacturing facility at Chakan near Pune. The company is expected to make phased investment, spread over five years, in the proposed plant. In the first tranche, the company will invest $45 million (Rs.270 crore) to start development of the site by mid-2015. The facility is expected to become operational by 2016. Sandvik has strong presence in India since 1960. It was one of the first Swedish companies to set up a subsidiary with a Continue Reading

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Voestalpine Plans to open 15 new plants in China by 2020 (US)

Category : Strategy

Voestalpone China 02

Kevin Hu, Managing Director voestalpine Profilform China (Credit photo @ Veostalpine)

In the business year 2013/14, the voestalpine Group generated around EUR 750 million (7% of Group revenue) in Asia. It is intended to almost triple revenue by the end of 2020, to around EUR 2 billion annually. voestalpine plans to invest between EUR 400 and 500 million in the region. The major Continue Reading

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Voestalpine special steel to open new plant in China (US)

Category : Strategy

Voestalpone China

Board member Franz Rotter (left) signed the letter of intent with Kocel Group (Credit Photo @ Voestalpine)

The technology and capital goods group voestalpine is again driving forward its activities in the promising Asian market. The Special Steel Division, the Group’s special steel sector, yesterday signed a Letter of Intent to cooperate with Chinese foundry Kocel Machinery Co., LTD. Over the next few years voestalpine will invest around EUR 140 million, constructing a new plant which will produce premium special steel products for the Chinese market. Construction is scheduled to start in 2015, and the new company will create 400 jobs.

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