Blackstone, Carlyle, Onex, and CPPIB Plan to buy ARCONIC (US)

  • Blackstone, Carlyle Group, Onex Corp., and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic, according to people familiar with the matter.
  • Earlier this month, a Blackstone-led consortium completed the largest leveraged buyout since the crisis, taking over the financial data arm of Thomson Reuters, the parent of Reuters News.
  • Arconic has the potential to rival that deal should the private-equity firms that are seeking to acquire it decide to pay a significant premium. Arconic has a market capitalization of $10.6 billion and total debt of $6.3 billion.

Blackstone, Carlyle Group, Onex Corp., and Canada Pension Plan Investment Board have joined forces in a bid to acquire aluminum products maker Arconic, according to people familiar with the matter. Earlier this month, a Blackstone-led consortium completed the largest leveraged buyout Continue reading

Eramet: a new brand identity for a new leap forward (US)

“This new logo symbolizes the Group’s current and future transformation. Its graphic design represents the dynamics we want to give to Eramet. And our new symbol, the leap, represents the energy, the projection into the future, making Eramet a moving, modern and ambitious brand. This is the new Eramet”.

Christel Bories, Eramet CEO:

Energy transition, optimization and preservation of resources, sustainable development: mining and metallurgical activities are at the heart of the challenges of the planet. In pursuit of those stakes, Eramet takes a new strategical leap and aspires to become the leader of the metals for energy transition. Launched a year ago, the managerial transformation program intends to create Continue reading

U.S. grants most of Voestalpine’s requests for exemptions to steel tariffs (US)

VIENNA (Reuters) – The United States has granted more than half of the exemptions to its steel import tariffs that Austrian steelmaker Voestalpine and its customers applied for, the company said on Tuesday. Washington in May announced tariffs of 25 percent on steel imports and 10 percent on aluminum from the European Union, Canada and Mexico. Of the 4,300 product exemptions that the company and its customers applied for, 2,640 haveContinue reading

Carpenter, Arconic, P&W, and Siemens awarded funding for advanced materials research programs (US)

Carpenter Technology Corporation will partner with LLNL to develop a predictive model of APB energy for superalloys to improve the “virtual synthesis” process in industry in a project titled “Development of a Predictive Model of Antiphase Boundary Energy for L12 Strengthened Superalloys”.
Arconic Inc. will partner with LLNL and ORNL to develop advanced understanding of the non-equilibrium metallic phases established during metal additive manufacturing (AM) processes in a project titled “Multiscale Modeling of Microstructure Evolution During Rapid Solidification for Continue reading

A high-entropy alloy with hierarchical nanoprecipitates and ultrahigh strength (US)

High-entropy alloys (HEAs) are a class of metallic materials that have revolutionized alloy design. They are known for their high compressive strengths, often greater than 1 GPa; however, the tensile strengths of most reported HEAs are limited. Here, we report a strategy for the design and fabrication of HEAs that can achieve ultrahigh tensile strengths. The proposed strategy involves the introduction of a high density of hierarchical intragranular nanoprecipitates. To establish the validity of this strategy, we designed and fabricated a bulk Fe25Co25Ni25Al10Ti15 HEA to consist of a principal face-centered cubic (fcc) phase containing hierarchical intragranular nanoprecipitates. Our results show that precipitation strengthening, as one of the main strengthening mechanisms, contributes to a tensile yield strength (σ0.2) of ~1.86 GPa and an ultimate tensile strength of ~2.52 GPa at room temperature, which heretofore represents the highest strength reported for an HEA with an appreciable failure strain of ~5.2%.

The traditional alloy design concept combines one or two principal elements with additional minor elements, an approach that restricts the development and application of alloys due to the limited compositional space explored (1). Thus, to enable the pursuit of alloys with special microstructures and properties, such as high strength, new design concepts are needed. Recently, a brand new class Continue reading

Saarstahl’s CEO: “We want to remain the market leader” (German)

Völklingen. Saarstahl is not only the leading company in Völklingen, but has a worldwide reputation. The steel cookers not only want to maintain their leading position, but also expand it further, says Martin Baues, Chief Technology Officer.

When Martin Baues slept in his nursery in his Wehrden home, he heard the saw in the steelworks. Today, the blast furnace group is part of the Unesco World Cultural Heritage and the 58-year-old technical director in the still active part of the former Völklinger Hütte, Saarstahl Continue reading

Hayange: Les hauts-​​fourneaux ne redémarreront pas (FR)

Philippe Darmayan a clairement laissé entendre que la production d’acier n’avait plus d’avenir en Lorraine. «Il n’y a pas de suspense à entretenir. Des raisons structurelles nous ont amenés à concentrer nos hauts-fourneaux sur les sites côtiers de Dunkerque et de Fos. Et je ne vois pas ce qui pourrait changer d’ici décembre», 

Les hauts fourneaux de Hayange n’ont pas vocation à rouvrir. Le président d’ArcelorMittal France, Philippe Darmayan, vient de le confirmer ce jeudi après-midi à Thionville où il était de passage. Le doute était jusqu’ici permis. Il ne l’est plus : les hauts fourneaux de la vallée de la Fensch sont définitivement morts. Hier, à l’occasion d’un déplacement à Thionville, Philippe Darmayan, président d’ArcelorMittal France, a confirmé entre les lignes que les unités de production d’acier Continue reading

Le Ministre des finances luxembourgeois visite le centre de recherche d’ArcelorMittal à Esch/Alzette (FR)

Lors de sa visite, le ministre a découvert les domaines d’intervention du Centre de recherche et, plus particulièrement, les produits phares du groupe ArcelorMittal. Ce fut également une occasion pour parler, ensemble avec les intervenants, sur les implications de la digitalisation dans l’industrie sidérurgique. Le ministre a également visité des installations dédiées à la métallographie. Il s’agit de laboratoires où sont notamment analysées les structures des aciers via un Continue reading

Aero Metals Alliance (AMA) at a glance (US)

(L-R) AMA’s vice president business development, Mark Brown, Sunshine Metals, vice-president and general manager, Marc MacDuff, PASU’s general manager, John Olson.

Globally-focused aerospace metals organisation, Aero Metals Alliance (AMA), took to the last Farnborough Airshow to explain the close collaboration between its Group members. Mike Richardson reports.

The five leading aerospace metals distribution businesses of Gould Alloys, Service Centres Aero, Progressive Alloy Steels Unlimited (PASU), Sunshine Metals and Wilsons comprise the Group members of Aero Metals Alliance (AMA), an organisation created to meet the demands of the Continue reading

Aubert et Duval s’engage 7 ans de plus avec Framatome et sa «forge de l’excellence» (FR)

C’est un accord en forme de reconnaissance qu’Aubert et Duval a signé, jeudi, avec Framatome au Creusot. Les presses de la forge vont être mise à contribution pour des pièces à très très haute valeur ajoutée.

Le travail des lingots creux n’est pas la seule spécialité de la Forge du Creusot et de Framatome. Une nouvelle preuve en a été apportée ce jeudi en fin d’après-midi, quand Jérôme Fabre, président d’Aubert et Duval a signé un contrat avec David Emond et David Haguet, respectivement directeur en charge des composants et directeur du site du Creusot de Framatome. Un contrat qui, soulignons le avec le sourire, réhabilite le septennat qui a disparu de la constitution de la 5ème République… Un accord de 7 ans qui aura donc été signé le jour du 50ème anniversaire de la Continue reading