Cefival et Ruspolymet s’allient dans les anneaux réacteurs (Fr)

Cefival, filiale française de Siderval, et la société russe Ruspolymet allient leurs savoir-faire pour la vente de matière et d’anneaux de réacteur.

Le français Cefival et le russe Ruspolymet ont décidé de mettre en commun leurs savoir-faire respectifs pour coopérer dans la vente de matière et d’anneaux de réacteur. Un accord de partenariat exclusif. Inventeur du procédé de filage de l’acier, Cefival, filiale de Siderval, elle-même filiale du groupe Calvi, a développé un procédé de fabrication baptisé “near net shape”. Une technologie dont Ruspolymet vaContinue reading

Japan’s Sumitomo acquires Sweden’s Ovako (US)

Japan’s Nippon Steel & Sumitomo Metal Corporation said Monday that it completed the acquisition of Sweden’s Ovako Group on June 1, which will boost its special steel business and secure production and sales bases in Europe. “Demand of special steel is expected to grow further with firm demand from the automotive, industry machinery and wind power generation [sectors], so strengthening the special steel business [will] keep stable supply to customers,” a NSSMC spokeswoman said Tuesday. Ovako will continue to drive its business Continue reading

Mettis Aerospace Looking for Acquisitions (US)

A Worcestershire-headquartered manufacturer which was involved in the Spitfire programme and now supplies aerospace components to the likes of Airbus, Rolls-Royce and Boeing has reported a rise in both turnover and profits for its latest financial year. The company’s chief executive also exclusively told Insider that it is working on acquisitions in the UK, Europe and the US. Mettis Aerospace, which can trace its roots back to the 1930s, has posted a turnover of £75m for the year to 31 December 2017, up from £67.9m in 2016. The company, which moved to Redditch in 1938, also posted pre-tax profits of £10.3m, up from £5.5m. Mettis’ chief executive Gordon Fraser also told Insider that between 20 to 25 new jobs could be created in the next 12 months. Mettis Aerospace started life as High Duty Alloys andContinue reading

Jiangsu Shagang to acquire 45 % stake in Dongbei Special Steel (US)

DALIAN, China — Private-sector steelmaker Jiangsu Shagang will take Dongbei Special Steel Group under its wing, nearly a year after the state-backed company filed for bankruptcy. An investment firm affiliated with Jiangsu Shagang will acquire a 43% stake in Dongbei Special Steel for 4.46 billion yuan ($680 million). A degree of government influence over Dongbei Special Steel will remain, since Benxi Steel Group, another state-owned steelmaker, will also take an interest worth 1.03 billion yuan. Dongbei Special Steel was established as as a Continue reading