Derrière Ascoval, un écosystème local (FR)

Métiers de la ferraille, services à l’industrie, tuberie voisine… : un millier d’emplois sont liés au destin de l’aciérie nordiste, selon les élus et les syndicats.

 Si tout le monde joue le jeu jusqu’au bout, Ascoval peut être sauvée et nous garderons une filière des aciers spéciaux en France », a lâché le président de la région Hauts-de-France Xavier Bertrand, à l’issue de la réunion à Bercy mercredi,  au terme de laquelle le gouvernement s’est accordé un délai d’un mois pour peaufiner le plan de reprise. De fait, au-delà de la seule aciérie nordiste et de ses 281 salariés, c’est tout un écosystème industriel qui Continue reading

Men who sold titanium to Pratt & Whitney contractor plead guilty to federal fraud charges (US)

The owners of a West Bridgewater metals firm that sold improperly sourced titanium to the aerospace industry have pleaded guilty to federal mail fraud charges, and could face prison time. John J. Palie Jr., 62, of Tiverton, R.I., and John J. Palie III, 42, of Plymouth, Mass., appeared in U.S. District Court in Bridgwater, Conn. on Wednesday. The two admitted they lied about the source and quality of the titanium, saying the metal was certified for advancedContinue reading

Kobe Steel chief apologizes to shareholders (US)

Participants arrive for the general shareholders meeting of Kobe Steel Ltd. in Kobe on Thursday

KOBE (Jiji Press) — The chief of Kobe Steel Ltd. apologized to shareholders on Thursday over a product data falsification scandal involving the company. “We deeply apologize for causing inconvenience to shareholders and clients,” Mitsugu Yamaguchi, Kobe Steel president and chief executive officer, said at a general meeting of shareholders in Kobe. “We are working in a unified manner to prevent similar misconduct from happening again,” said Yamaguchi, promising to revamp the corporate culture of the company to restore trust. The management was grilled by many participants at the shareholders’ meeting, the first since Kobe Steel announced the data Continue reading

Sheffield Forgemasters Orders Book Reaches a record of $150 million (US)

Highest value for new orders in over five years, highlighted by defense and material processing programs

The company, which has been pursuing diverse global contracts since the 2015 oil and gas market crash, counts UK and US defence orders, materials processing, and research and development projects orders as helping to support the order book. Forgemasters’ policy of heavy investment in technology and skill allows it to operate in a competitive worldwide market for large scale engineered components which have a high safety-critical requirement. Dr Graham Honeyman CBE, chief executive at Sheffield Forgemasters, said: “We are very pleased to report that our order book has breached the 100 million pound mark for the first time in five years. “This announcement follows a prolonged period of market austerity across all of our market sectors after the global recession started to take effect, which was further compounded by the collapse of oil and gas markets which closed off a key revenue stream almost overnight. “It is important toContinue reading

European Union aviation safety agency recommends companies suspend purchases of Kobe Steel products (US)

The European Aviation Safety Agency (EASA) advised manufacturers in a statement Wednesday to suspend their use of Kobe Steel (KBSTY) products after the Japanese firm admitted to falsifying data.  The regulator recommended that aircraft makers find alternative suppliers and conduct a “thorough review of their supply chain.” It’s the first such advisory to be issued by a major regulator since Kobe Steel came clean last week over faking strength andContinue reading