Gerdau signs  agreement with JFE Steel for heavy plates production (US)Gerdau signs agreement with JFE Steel for heavy plates... The heavy plates rolling mill will startup in July at the Ouro Branco Mill and strengthen Gerdau's positioning in the Americas' flat steel industry Gerdau has just signed a technical cooperation agreement...

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Sumitomo,  JSW and Gerdau Create JV for Wind Energy Forgings Business (US)Sumitomo, JSW and Gerdau Create JV for Wind Energy... By bringing the strengths of these two companies together with Gerdau's strong production base, Gerdau will focus on the production and sale of forged products for wind power generation in...

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Ascometal to Build the Biggest Atomization Powder Plant in the World (US)Ascometal to Build the Biggest Atomization Powder Plant... ASCO-INDUSTRIES, a French Company operating several steel plants and rolling mills in France, a leader in the market of special steel long products, is willing to offer, to its customers (automotive...

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OTTO FUCHS orders 54,000 Tons Closed Die Forging Press from SMS (US)OTTO FUCHS orders 54,000 Tons Closed Die Forging Press... The new 54,000 tons, closed die forgings  will produce extra-large forgings made of nickel- and titanium-based alloys for the aerospace industry. Otto Fuchs will install the equipment at its U.S. subsidiary,...

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Sheffield Forgemasters receive £30m loan from Britain's industrial giants (US)Sheffield Forgemasters receive £30m loan from Britain's... Three of Britain’s industrial titans have handed a secret £30m support package to Sheffield Forgemasters, Sky News is reporting. The Ministry of Defence is said to have brokered a deal under which...

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Solar Atmospheres  to house the largest vacuum furnace in the world (US)Solar Atmospheres to house the largest vacuum furnace... Hermitage, PA, January 27, 2016 - Within a short period of 2½ months from breaking ground, Solar Atmospheres of Western PA’s construction project to house the largest commercial vacuum furnace in...

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

19-11-2014

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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McKinsey au secours de Maghreb Steel

06-11-2014

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

03-11-2014

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)

03-11-2014

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)

03-11-2014

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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Bohler : ” we want to be Europe’s First aerospace high advanced materials supplier” (German)

27-10-2014

Category : Strategy

Bohler uddeholm Aerospace

(Credit Photo @ Bohler)

(German)

Lukrative Luftgeschäfte der Voestalpine

Die Steiermark ist die technologische Startbahn für die wachsenden Luftfahrtgeschäfte des Voest-Konzerns. “Werkstoffe von Böhler finden sich mittlerweile in allen Flugzeugmodellen von Airbus und Boeing”, betont Voestalpine-Vorstand und Divisionsleiter Franz Rotter. Von Manfred Neuper. Das Titan-Schmiedeteil ist gerade einmal 70 Kilogramm schwer. Als Bindeglied zwischen Triebwerk und Flügel muss es aber einem Schub von umgerechnet gut 200.000 PS standhalten. Temperaturunterschiede zwischen plus 50 und minus 65 Grad dürfen den Komponenten Continue Reading

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Algerian Steel Group Cevital Bids to buy Lucchini’s plant for € 300 Millions (US)

23-10-2014

Category : Strategy

CEVITAL Rebrab  Italy

Algerian food processor Cevital has filed a binding bid to acquire Lucchini’s steelmaking plant in Piombino in Italy’s Tuscany region, as announced by Lucchini on October 20. Lucchini added that special commissioner for Lucchini, Piero Nardi, will soon start to analyze Cevital’s offer, but also bearing in mind the advanced situation with regard to the proposal made by Indian steelmaker JSW Steel. The Algerian group had recently stated that it plans to invest more than €300 million in the construction of a logistics platform and an agro-industrial production complex for the various activities of the company in the Mediterranean area. The group’s CEO Issad Rebrab had said the company’s aim is to “resume steel production in Piombino up to two million mt of special and standard steel products, with the installation of two furnaces to replace Continue Reading

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FOMAS’s CEO Jacopo Guzzoni Growth Strategy (US)

23-10-2014

Category : Strategy

FOMAS CEO AJAX

Simon Ormerod, left, CEO of Ajax Rolled Ring and Machine in York talks with Jacopo Guzzoni, CEO of the FOMAS Group of Italy on Tuesday. The FOMAS Group recently purchased the York facility. (Credit Photo – DON WORTHINGTON) 

YORK — The new owners of Ajax Rolled Ring and Machine want to expand the company’s U.S. business, while also moving into Mexican and other Latin American markets. The FOMAS Group of Osnago in the province of Lecco, Italy, recently purchased Ajax Rolled Ring and Machine, a custom manufacturer of seamless rolled rings. Terms of the deal were not disclosed. Jacopo Guzzoni, CEO of FOMAS, said the acquisition helps complete the company’s expansion plans. FOMAS will now have plants in Italy, France, India, China and the United States. FOMAS started its Continue Reading
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Alcoa’s Strategic Shift Towards Value-added Products (US)

12-10-2014

Category : Strategy

Alcoa Forgings CEO

Eric Roegner, Chief Operating Officer, Alcoa Investment Castings, Forgings, and Extrusions, and President, Alcoa Defense, speaks during a dedication ceremony for Alcoa’s new aluminum-lithium plant Thursday, October 2, 2014, in Lafayette. The plant is the world’s largest aluminum-lithium plant where it produces advanced, third-generation aluminum-lithium alloys for the aerospace industry. (Credit Photo: Michael Heinz/Journal & Courier)

Eric Roegner – pictured above, chief operating officer for Alcoa investment castings, forgings, and extrusions – explains the company’s aerospace solutions role.

Alcoa does a lot more than supply aluminum. The company also is a global leader in lightweight materials engineering and manufacturing. It holds key market positions in aerospace sheet and plate produced by its midstream business, Global Rolled Products (GRP). Its downstream business, Engineered Products and Solutions (EPS), produces aerospace forgings, extrusions, investment castings, and fastening systems. In 2013, these two value-add businesses – GRP and EPS – accounted for 57% of Alcoa’s total revenues. Alcoa’s downstream component is composed of businesses heavily weighted toward aerospace. Unlike the sheet and plate business, most of the downstream businesses will both design and qualify parts such as fasteners or investment castings, where the company will work closely with a customer to optimize form, fit, and Continue Reading

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Bharat Forge Inks Deal With French Aerospace Giant Safran (US)

10-10-2014

Category : Strategy

Baba Kalyani, Chairman and Managing Director, Bharat Forge (Credit Photo @Business India)

Bharat Forge, India’s high technology component firm has entered into a partnership with French multinational aerospace and security giant to supply high integrity forged and machined components for commercial aircraft applications of Safran’s global affiliates. The companies have been working together for the past 18 months on a demonstrator phase for trial production of critical forgings in several Continue Reading

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Amit Kalyani : “We want to evolve from a component maker to a solutions provider’

10-10-2014

Category : Strategy

AMIT Kalyani 002

Bharat Forge Ltd has chalked out a two-level strategy to double its annual revenue by 2018 from around ₹3,500 crore now. Nearly half of this will come from non-auto businesses. The strategy essentially involves moving from components into systems, and then become a provider of complete solutions in both the auto sector and non-auto industries. In a conversation with BusinessLine, Amit Kalyani, Executive Director, spelt out the Pune-based forging company’s plans.

You plan to double revenue in a little over three years. How will you achieve this?

We want to increase productivity, and also raise the share of value-added products (systems). Essentially, we are turning our present model on its head. Earlier, our model would first set up capacity, develop products, get a customer and then Continue Reading

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Baba Kalyani’s Defense Strategy (US)

10-10-2014

Category : Strategy

Baba layani defense Strategy

MUMBAI: Flashback to 1999, and the Kargil war. The military is forced to abort missions due to heavy casualties. Then it decides to deploy the controversial Bofors gun to destroy Pakistani outposts from various vantage points. The strategy pays off, but the military realises it will soon run out of ammunition to feed the howitzers. At the urging of army commanders, the defence ministry turns to Baba Kalyani and his company Bharat Forge to make shells for its Bofors 155mm howitzers. Kalyani, chairman of the Bharat Forge Group, recalls how the company got the “emergency order” to make 1 lakh shells. That’s how the company’s ability to turn out high-quality products at short notice, which helped Continue Reading

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Kleinfeld: Alcoa’s transformation delivering substantial results (US)

09-10-2014

Category : Strategy

ALCOA CEO

(Credit Photo @ Chris Ratcliffe/Bloomberg)

Alcoa Inc. Chairman and CEO Klaus Kleinfeld said the company has reached the point where its transformation is starting to deliver substantial results. “I think there is no other way to describe it,” Kleinfeld said. “It has been a standout quarter with all of Alcoa’s businesses firing.” Speaking on a conference call with industry analysts Wednesday evening, Kleinfeld attributed the company’s results to a focus on smart investments and innovation.

“We are to the point where we are seeing our transformation deliver,”

Alcoa Inc. Chairman and CEO Klaus Kleinfeld

Shortly before the call the company reported net income of $149 million, or 12 cents per diluted share, for the third quarter. This compares to net income income of $24 million, or 2 cents per diluted share, in the year-ago quarter. In recent years, Alcoa (NYSE: AA) has been aggressively transforming its portfolio away being commodity-dependent by placing a strong focus on its Continue Reading

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ATI: “Our number-one priority is to qualify ATI’s products”

28-09-2014

Category : Strategy

ATI Harshman

Rich Harshman, CEO of Allegheny Technologies Inc. (Credit Photo @ Joe Wojcik -BizJournal )

United States Steel Corp. is among those likely to consider a joint venture partnership with Allegheny Technologies Inc. on its new hot-rolling and processing facility in Brackenridge, according equity research firm Cowen and Co.  ATI (NYSE: ATI) has said it is working with two different steel companies on securing a joint venture, but the company has not identified the companies. ATI spokesman Dan Greenfield said the company has no intention of releasing any names until an agreement is reached.”Our number- Continue Reading

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USS, AK, ArcelorMittal ‘likely’ to JV with ATI (US)

22-09-2014

Category : Strategy

  ATI Hot  rolling

NEW YORK — U.S. Steel Corp., AK Steel Corp. and ArcelorMittal SA are among the steelmakers “likely to consider” a joint venture partnership at Allegheny Technologies Inc.’s (ATI) new hot-rolling and processing facility in  Brackenridge, Pa., according to Continue Reading

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New head office in Turkey for Böhler and Uddeholm (US)

22-09-2014

Category : Strategy

Bohler Uddeholm Turkey

The steel-based technology and capital goods Group voestalpine is continuing to expand its international market position in the special steel segment. In September, the voestalpine Special Steel Division is opening a new location in Gebze near Istanbul jointly with a Böhler Uddeholm sales company. For many years, the voestalpine Group has been operating successfully in Turkey; in the last business year alone, it generated revenue of EUR 160 million in that country. The Special Steel Division, which is expanding dramatically in Turkey, is responsible for a significant share of this business. “The new head office is meeting the requirements of Continue Reading

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Voestalpine to Decide on its Austrian Branches by 2019 (German)

22-09-2014

Category : Strategy

The CEO of the listed steel group Voestalpine, Wolfgang Eder has long been looking into the group’s steel production in Austria. “In Linz two out of three, and in Donawitz both furnaces will come to the end of their life cycles in 2019/20. By then the decision on Continue Reading

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Bharat Forge Hope to Generate revenue from Aerospace in next two years (US)

14-09-2014

Category : Strategy

 AMIT Kalyani

Amit Kalyani, Executive Director of Bharat Forge Ltd.

Do you think the revival of the US economy has got translated into better business for you or as of now sentiment has improved and business environment has not improved ?

Amit B Kalyani: It is translating into the business improvement for us and this quarter we are seeing a significant improvement in the demand from the US. This will accelerate in the next two-three quarters. After a period of poor sentiment in the US, the US industrials are still being a little cautious as far as expanding orders is concerned, but we are seeing a significant increase in the sentiment and order visibility.

What kind of new orders are flowing your way and what are the kind of negotiations that you are having with your existing as well as new clients, when it comes to India as well as North America?

Amit B Kalyani: We are not really having negotiations. It is about ramping up and increasing the volume of business that we are doing with our existing customers. We have long-term business contracts with most of our customers, which is either defined by Continue Reading

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Luchinni acquires 49 % of Forgiatura Mamé (Italian)

07-09-2014

Category : Strategy

Forgiatura Mamé V02

  • Italian long products special Steels maker Luchinni considering the acquisition of 49 % of  Italian Forgemasters Forgiatura Mamé.
  • The agreement was signed by  Mamé Antonio  the President of Mamé Group and  Giuseppe Lucchini The President of Luchinni

 

2013 (Million Euro)

2013 (Million Euro)

 

Luchinni

Forgiatura Mamé

Revenue

270

85.8

EBITDA

47.1

8.2

EBIDTA %

17.4

9.6

Net Result

16.6

-4.5

  • This agreement will be achieved by the end of the year 2014 after the due deligence procedure
  • Luchinni has taken an option on 100 % full parts of Continue Reading
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S+B CEO Denies intention to buy ThyssenKrupp VDM (German)

07-09-2014

Category : Strategy

SCHMOLZ + BICKENBACH CEO

Clemens Iller, CEO of  Schmolz + Bickenbach (Credit Photo @ Yvon Baumann)

(German)

Der neue Chef von Schmolz + Bickenbach, Clemens Iller, sieht den Stahlhersteller auf gutem Weg, wie er im Interview mit der FuW erklärt. Das Gerücht, S+B wolle für die ThyssenKrupp-Tochter VDM bieten, dementiert er. Der Spezialstahlhersteller Schmolz + BickenbachS+B) hat im zweiten Quartal die Erwartungen in etwa erfüllt. Das Umfeld ist aber von Preisdruck geprägt, so dass der Umsatz trotz Absatzsteigerung gesunken ist. CEO Clemens Iller führt im Gespräch aus, wie sich die Abnehmerbranchen entwickeln und erläutert die Portfoliostrategie.

Herr Iller, S+B hat im ersten Quartal die Bruttomarge verbessert. Wie nachhaltig ist dieser Fortschritt?
Wir sind mit unserem Effizienzsteigerungsprogramm auf einem sehr guten Weg, was sich nun in einer höheren Bruttomarge niederschlägt. Es geht dabei nicht nur um die Produktionskosten, sondern beispielsweise um Markt- und Kundenmassnahmen, und es Continue Reading
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Alcoa Expands in Indiana to Capture Growing Aerospace Demand for Advanced Jet Engine Parts (US)

01-06-2014

Category : Strategy

Alcoa la paorte

Leading aerospace manufacturer Alcoa today celebrated the start of construction of its state-of-the-art, $100 million aerospace expansion in La Porte, Indiana

Capacity Broadens Reach into Large Commercial Jet Engine Market

  • New, $100 million facility to produce nickel-based structural components for industry’s best-selling jet engines
  • State-of-the-art plant to use latest in advanced manufacturing technologies including digital x-ray, 3D printing and robotics
  • Expansion to create 329 new jobs by 2019
  • Investment supported by customer contracts

NEW YORK & LA PORTE, Ind.–Leading aerospace manufacturer Alcoa (NYSE: AA) today broke ground on its state-of-the-art, $100 million aerospace expansion in La Porte, Indiana where it will produce nickel-based superalloy jet engine parts. The new 320,000-square-foot facility will expand Alcoa’s reach from structural engine Continue Reading

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L&T inks tech transfer pact with Japan Steel Works (US)

29-05-2014

Category : Strategy

Larsen & toubro

L&T Special Steels and Heavy Forgings (LTSSHF) has entered into a technology transfer agreement with The Japan Steel Works, Ltd. (JSW) – an acknowledged world leader in the field of heavy steel forgings. The five year agreement covers transfer of critical technology for steel melting & heavy forgings made from ingots weighing  up to 200 MT, for hydrocarbon, thermal power, steel & cement sectors. LTSSHF is a subsidiary of M/s Larsen & Toubro (L&T).  It supplies critical heavy stainless steel & alloy steel forgings for high pressure reactors & heat exchangers, as well as rotors, shafts, forged slabs and special steels. Direct access to Continue Reading

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Tata Steel to kickstart $7 billion refinancing plan (US)

21-05-2014

Category : Strategy

Tata steel debt 2 

MUMBAI: On the back of a cyclical upturn in European demand, Tata Steel is planning to raise $1.24 billion overseas through the sale of bonds by one of its Singapore entities. This is part of a mega $7 billion debt refinancing initiative for Tata Steel Europe, formerly known as Corus. This is among the largest such exercises by an Indian company and will also see it raise fresh loans to refinance existing term loans and revolving credit facilities. It will also lower the debt on Tata Steel Europe’s books by over $1 Continue Reading
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Airbus Explores Titanium Supply Options Amid Russia Sanctions (US)

21-05-2014

Category : Strategy

Rostec Titanium

  • Company’s New A350 Model Has 14% Titanium Content.
  • Airbus  says it is exploring alternative titanium supply options in case Western sanctions on Russia disrupt supplies that are vital to its newest plane, and has entered talks with potential alternative suppliers to make up any shortfalls.
  • Titanium is increasingly important on commercial airliners, as Airbus and Boeing (BA) increase their use of composites; the Continue Reading
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India’s Largest Aerospace Hydraulic Forging Press (US)

16-05-2014

Category : Strategy

Squad

BELGAUM, India, April 24, 2014 – SQuAD Forging announces the arrival of its 10,000 ton capacity aerospace hydraulic forging press at its manufacturing facility in Aequs SEZ (special economic zone) at Belgaum, India. This closed die hydraulically operated hot forging press is the largest of its kind in India and will be used to forge large airplane components and parts such as landing Continue Reading

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Marwan Lahoud : “Russian Ukranian Crisis threats Titanium sourcing “

10-05-2014

Category : Strategy

Rostec

Airbus Group Strategic Director Marwan Lahoud stated by the end of the April that aerospace Industry is not yet affected by the Ukrainian crisis, but this geopolitical issue may threat the  titanium sourcing”. Russia exports more than of 50 % our world titanium production and nearly 80 % of the airbus titanium comes from Russia. Continue Reading

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NASA : ” Russians are very good at creating alloys for aerospace” (US)

09-05-2014

Category : Strategy

Nasa  Chrales Bolden

The Russians are “very, very good at” creating alloys that allow the engine to withstand certain temperatures and pressure. “It’s an extraordinary engine, We don’t know all the techniques of how they blend all those metals to have that kind of thrust,” said NASA Administrator Charles Bolden

NASA Administrator Charles Bolden blasted Congress last month, writing in a blog post that it is “unacceptable” that the United States relies on Russia to ferry astronauts to the space station. Russia charges about $71 million per seat on the Soyuz. (And you thought a plane ticket was expensive. In the 1990s, the United States started buying Russian-made engines for the Atlas V rocket. The rockets help launch spacecraft and Continue Reading

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Ellwood ScotForge JV to install new 9000 MT Open Die Forging Press (US)

08-05-2014

Category : Strategy

Ellwod NAF forgemasters 2

in 1997, Ellwood City Forge, as 50/50 partner with Scot Forge of Illinois, opens 4,500 ton open die hydraulic forging press adjacent to the Ellwood Quality Steels plant in New Castle, PA. The joint venture is called North American Forgemasters.  (Credit photo @ stahlseite)

Ellwood Group Inc. and Scot Forge are expanding the capabilities of North American Forgemasters (NAF) in New Castle, PA, marking the second chapter in the 50-50 joint venture partnership between the two companies.  NAF was established by the two partners in 1997 when together they built a 4,500 ton open die forging press. The thirty year relationship continues to grow and, Continue Reading

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Speculations over possible selling of Tata Steel’s European assets (US)

02-05-2014

Category : Strategy

Tata steel CEO

Dr Karl-Ulrich Kohler CEO Tata Steel Europe Ltd. Press launch of Report; The Shard, London. 16th January 2014 (Credit Photo @ Pete Jones Productions)

The PRESSURE has eased on Tata Steel to sell off stake and assets in its European operation, which includes the Scunthorpe site, to pay off debts, according to industry analysts in India. Alok Agarwal, the head of research at Networth Stock Broking, said: “Right now selling assets cheaply may not be a good option. Tata Steel could look out for two things – a smarter recovery in Europe and higher Continue Reading

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Sanctions against Russia : Boeing has a plan B

01-05-2014

Category : Strategy

Boeing VSMPO

Boeing delegation headed by Kent Fisher, Boeing Commercial Airplanes vice president and general manager of Supplier Management visited all major VSMPO production areas on May 21, 2013  (Credit Photo @ VSMPO)

Russian newspaper  RBC daily  published  on April 25th a paper entitled  :  “Boeing has a plan B”   

 Here under  the main  facts of this paper :

  •  Boeing has an action plan in case of problems with supplies from Russia related to Ukraine situation
  • Right now,  Boeing has not taken any action
  • It will be very difficult to Boeing to  found an alternative source to the 40 % of titanium parts supplied from VSMPO
  • Asked about the risk of supply disruptions from Russia, Boeing’s CEO James McNerney said  “the company has not yet experienced a disruption of supplies”  
  • He added “Boeing has a plan action in unforeseen circumstances” if the geopolitical issue becomes more complicated
  • “The company is monitoring the situation in all regions where it has interests” said a spokesman for Boeing in Russia and the CIS
  • Boeing refuse to disclose details of a backup plan
  • VSMPO produced 28,900 tons of titanium product in 2013, with a turnover of 43.13 billion rubles Continue Reading
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