Dillinger Hütte & Saarland University Cooperate on Advanced Materials R&D (US)Dillinger Hütte & Saarland University Cooperate on... Dillinger Hütte will begin cooperating even more intensively with the materials science and materials engineering program at Saarland University. Over the next three years the company will provide...

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Tata Steels & Warwick University conclude pioneering R&D agreement (US)Tata Steels & Warwick University conclude pioneering... University of Warwick and Tata Steel are strengthening their collaborative research and education programmes providing a critical mass of research excellence which will position the UK at the forefront...

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Hong Kong University develops steel for car frames that is just 1mm thick (US)Hong Kong University develops steel for car frames... PHD Mechanical Engineering student He Binbin (left) and Huang Mingxin, Assistant Professor at HKU's Department of Mechanical Engineering, at a press conference on the breakthrough in a super light weight...

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Kimber Drop Forgings unveils £1m state-of-the-art forge (US)Kimber Drop Forgings unveils £1m state-of-the-art... More than £1 million has been invested into a state-of-the-art forge that will help a Black Country manufacturer increase sales in the automotive, petrochemical and rail markets and create five new...

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HAL chief calls of indigenisation of Aerospace Materials (US)HAL chief calls of indigenisation of Aerospace Materials... T. Suvarna Raju, CMD, HAL, speaks at a conference on advanced materials and manufacturing processes for strategic sectors in Thiruvananthapuram. (Credit Photo @ Hindu Business Line) “The indigenisation...

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Opportunities in Oil and Gas  Market remain for Advanced Materials (US)Opportunities in Oil and Gas Market remain for Advanced... US firm, Scot Forge is an example of  forgings manufacturers for Oil & Gas industry  (Credit Photo @ Scot Forge)  Falling oil prices and rising costs are putting pressure on companies operating...

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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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Weber Metals New 60,000 Ton Die Forging Press Will be ready in 2017 (US)

01-05-2014

Category : Strategy

Weber Metals

Alton Momig, Jr., left, congratulates Weber Metals President and CEO Rick Creed after presenting the company with a historic landmark plaque in front of Weber’s 38,000-ton hydraulic forging press which was declared a historical landmark in Paramount, CA on Wednesday, April 16, 2014. ASM International gave the company the honor for their press, which when in stalled in 1982 was the largest of its kind west of the Mississippi. The company also held a ground breaking ceremony for their planned 60,000-ton press. (Photo by Scott Varley, Daily Breeze)

 

PARAMOUNT >> The door opened revealing a mean, red-orange light and two glowing metal ingots that filled the large room with biting heat. A worker operating plant equipment took one of the 17,500-pound titanium cylinders to a metal forge press. The mammoth machine pressed down and the glowing metal crackled under the pressure. “How hot is that?” asked someone from the Continue Reading

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SCHMOLZ + BICKENBACH AG starts selling process for specific distribution units (US)

01-05-2014

Category : Strategy

SCHMOLZ + BICKENBACH

  • Board of directors starts selling process for specific distribution units in Germany, Belgium, the Netherlands and Austria
  • Restructuring programme will continue to be implemented according to plan

Emmenbrucke, Switzerland, April 22, 2014 – In its recent meeting, the Board of Directors of SCHMOLZ + BICKENBACH AG, a global market leader in special steel (such as tool steel, stainless steel, and engineering steel) listed on the SIX Swiss Exchange (SIX: STLN), has decided to start a selling process for specific distribution units in Germany, Belgium, the Netherlands and Austria. The final Continue Reading

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Sheffield Forgemasters embark on Singapore venture (US)

06-04-2014

Category : Strategy

Sheffield_Forgemasters_A002

Forgemasters in Singapore – Gareth Barker, Neil Maskrey, Paul Mockford, Dr Graham Honeyman, Ian Nicholls, Clive Pour and Daviyd Franckeiss. (Credit Photo @ Bdaily)

Sheffield Forgemasters International Limited (SFIL) have opened the firms new venture in Singapore. Sheffield Forgemasters Singapore Pte Ltd will operate from the International Business Park located between the Central Business District and the offshore and marine fabricators situated in Jurong. As a recognised international trade centre for the Asia Pacific region, Singapore was Continue Reading

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Sandvik opens oil and gas business unit (US)

06-04-2014

Category : Strategy

Sandvik oil gas business unit

Sandvik Oil & Gas manager Nigel Haworth said, by opening the North Sea sales office, the company will strengthen its teams in Stavanger, Houston, Brazil, Dubai and Singapore and provide enhanced customer support in the areas of oil and gas. (Credit Photo @ Offshore Technology)

 Swedish engineering group Sandvik Materials Technology has established a new oil and gas business unit in Aberdeen, in a bid to increase its business growth in the energy sector. The unit has been formed within the Tube Product Area of Sandvik Materials Technology, bringing together production facilities and sales and marketing functions into one organisation. The consolidation is Continue Reading

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Precision Castparts to Buy Aerospace Dynamics for $625 Million (US)

23-03-2014

Category : Strategy

 

ADI Aerospace Dynmics international

Boeing 777 Aft Cowl Skin in process on one of ADI’s fully nutating head 5 axis vertical machining centers. Aerospace Dynamics International (ADI) is widely recognized as one of the world’s leading suppliers of large complex machined parts and assemblies to the Aerospace and Defense industries

Dynamics International

PORTLAND, Ore., March 20, 2014 (GLOBE NEWSWIRE) — Precision Castparts Corp. (NYSE:PCP) has agreed to acquire Aerospace Dynamics International (ADI) from The Marvin Group for $625 million. ADI is one of the premier suppliers in the aerospace industry, operating a wide range of high-speed machining centers. ADI has developed particular expertise in large complex components, hard Continue Reading

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India’s Advanced Steel Rolling Mill Project (US)

16-03-2014

Category : Strategy

Rolling Mill India

Industries Minister P.K. Kunhalikutty inaugurating work on the rolling mill project at the Steel complex in Kolathara in Kozhikode on Sunday. (Credit Photo: @ K. Rages)

Industries Minister P.K. Kunhalikutty, on Sunday, inaugurated work on the steel rolling mill project of SAIL-SCL Kerala Limited- a joint venture of the Kerala government and the Steel Authority of India (SAIL) at the Steel complex at Kolathara. The Rolling Mill, being setup at a total project cost of Rs.65 crore, would produce TMT (Thermo-Mechanical Treatment) steel bars . In his inaugural Continue Reading

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How Baba Kalyani is making Bharat Forge diversify into non-auto segments (US)

08-03-2014

Category : Strategy

kalyani baharat forge

Over the last five years, Baba Kalyani is making Bharat Forge do more in sectors that have nothing to do with auto

Managing risk has been at the centre of many business moves made by Baba Kalyani in the past 15 years. The first was to actively look beyond the two customers that accounted for 60% of the revenues of Bharat Forge, his auto-component company that specialises in making forgings. The Continue Reading

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French steel firm Ascometal goes into administration (US)

08-03-2014

Category : Strategy

French steel maker Ascometal went into administration on Friday, putting at risk up to 2,000 jobs in a fresh headache for the Socialist government as it tries to bring down unemployment from record levels. Ascometal, whose roots lie in the former French steel firm Usinor that was later Continue Reading

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Otto Fuchs to build in USA a new 56,000 Tons closed Die Forging (US)

02-03-2014

Category : Strategy

 Otto Fuchs

 Weber Metals Inc. is in line to install the largest aerospace  press in North America as it takes aim at a growing market for big forgings,  industry sources said. Paramount, Calif.-based Weber has been tentatively selected by German parent  Otto Fuchs KG as the site for a 56,000-ton press, these sources said. Weber’s  largest press is currently rated at 33,000 tons, according to its website. Weber Continue Reading

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Times Have Changed’: New Plan For a Century-Old U.S. Steel Mill (US)

23-02-2014

Category : Strategy

US Steel

U. S. Steel’s sprawling Fairfield Works west of Birmingham, Ala., includes both flat-rolled and tubular steelmaking and finishing facilities. Fairfield Tubular Operations, the facility’s seamless pipe mill, can produce more than 750,000 tons of seamless tubular products every year, primarily for OCTG markets. Pipe produced at the facility ranges in size from 4-1/2” to 9-7/8” outside diameter. (Credit Photo @ US Steel)

U.S. Steel Corp.X -0.44% CEO Mario Longhi, who is under the gun after having to announce Monday that his Pittsburgh-based firm lost $2.1 billion in 2013, is starting to make real moves. On Tuesday — the day before he welcomes President Obama at a plant in Pittsburgh — Mr. Longhi said that the company would apply for permits to replace its blast furnace at a plant in Fairfield, AL with an Continue Reading

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VSMPO to supply Snecma with forgings for a thousand of aircraft engines (US)

22-02-2014

Category : Strategy

VSMPO TITANIUM

(Credit Photo @ Rostec)

In 2014, the VSMPO-AVISMA Corporation, OJSC plans to ship more than one thousand titanium billets for aircraft engine rotors to the Snecma aerospace company. The corporation’s press office told RusBusinessNews that a delegation from Snecma has visited VSMPO-AVISMA’s business in Verkhnyaya Salda. Foreign experts have studied the technology of producing titanium products Continue Reading

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Forgiatura Marcora to build a new 60 M$ plant in Brasil for Oil & Gas Market (US)

12-01-2014

Category : Strategy

Forgiatura Marcora

Forging Processes at Forgiatura Marcora  ; The forging process starts as soon as the correct workable temperature get to 900°C and 110°C. Through a process of reduction ( for crushing) we can get the most various shaps. It is the reduction of the material that really increase the quality of a forged product. (Credit Photo @ Forgiatura Marcora )

(Portugese)

Um projeto entre as italianas Forgiatura Marcora e Fomec com a brasileira Gaia Partners instalará em Seropédica, Região Metropolitana do Rio, uma unidade fabricante de aços especiais para a cadeia da indústria do petróleo e gás do Rio de Janeiro. A parceria prevê investimento de R$ 120 milhões e criação de 100 postos de trabalho. A Companhia de Desenvolvimento Industrial (Codin) negociou a vinda da forjaria para o Rio e já prevê a instalação de uma unidade de outro grupo estrangeiro no setor. “O interesse no setor de forjaria tem a ver com a cadeia de petróleo e gás, que continuará crescendo muito. São empresas que atraem fabricantes de partes e peças. Com isso, aumenta a oferta de conteúdo nacional”, disse a presidente da Codin, Conceição Ribeiro. A unidade de Seropédica entrará em operação em 2015 e fornecerá até 40 mil toneladas/ano em aços especiais para utilização em equipamentos de exploração em condições submarinas. Para o secretário de Desenvolvimento Econômico, Julio Bueno, o investimento se enquadra nos esforços que vêm sendo feitos com foco no mercado subsea.  “A instalação de uma forjaria adensa ainda mais a cadeia produtiva disponível para a indústria de óleo e gás. O investimento é fruto da política de atração do Governo”, explicou Bueno. O Estado dispõe de mecanismos para a atração de novos empreendimentos, como concessão de incentivos, infraestrutura e financiamento. Estima-se que, até 2020, serão investidos US$ 100 bilhões em equipamentos submarinos. Para atrair fornecedores do segundo e do terceiro elo da cadeia, a secretaria está desenvolvendo o polo fluminense de subsea.

(US)

Forjaria Marcora do Brasil (Marcora Forgery), a specialty steel maker, has announced its plans to build a new production facility in the Seropédica region, state of Rio de Janeiro in southeastern Brazil. The investment of approximately US$ 60 million is said to create one hundred jobs. Production foreacasts call for an output of 40 thousand tons per year of specialty steel, to be used in subsea equipment manufacturing. The project results from a partnership between Italian players Forgiatura Marcora and FOMEC and Brazilian investment firm Gaia Partners. Marocra currently supply its production to Brazil from its mabufacturing facility in Milan, Italy. “Setting up a new facility in Rio de Janeiro is a reward Continue Reading

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