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Showing posts with label investments. Show all posts
Showing posts with label investments. Show all posts

Saturday, March 5, 2011

TMK IPSCO expands pipe threading line at Ohio facility


Saturday, Mar05, 2011

Downers Grove, Illinois-based steel energy pipe manufacturer TMK IPSCO announced Friday that its Premium pipe threading facility in Brookfield, Ohio has begun a two-week commissioning phase for its second thread line, which will allow the facility to thread more and larger pipe products.

The second thread line will allow the Brookfield plant to thread pipes up to 13 5/8" in diameter, up from the previous size range of 4"-7 5/8" under the first thread line.

"What this means for the industry is that we are now able to provide an even quicker response to the growing needs of the Marcellus drilling region," said Piotr Galitzine, chairman of TMK IPSCO. "Marcellus will play a major role going forward as natural gas finds new uses in electricity generation and municipal transportation."

Friday, March 4, 2011

Italy’s ARINOX installs new stainless production and finishing lines


Friday, 04 March 2011

Genoa-based steelmaker ARINOX S.p.A., a company of Italy's Arvedi Group, has recently concluded its important production development and expansion plan consisting in the installation of new production and finishing lines for precision rolled stainless thin strips in width of 1,270 mm.

ARINOX stainless steel strip is aimed mainly at sectors of application with high technological content such as the car, chemical, petrochemical, electronics, precision mechanics and biomedical industries.

SteelOrbis learns from a company release that the plan has included the installation of a new 20-hi Sundwig rolling mill, an Ebner bright annealing line with in-line tension leveller, a new Ungerer tension levelling line and new automatic packaging lines serving the new cutting lines.

ARINOX now has an annual production capacity of over 50,000 mt of precision strip and has increased its competitive edge with the widening of its size range.(By steelorbis)

Nippon Steel extends interest in Integra Coal Joint Venture in Australia


Friday, 04 March 2011

Japan's largest steelmaker Nippon Steel Corporation has announced that it has concluded a sales agreement with Toyota Tsusho concerning the purchase of 2.35 percent interests owned by Toyota Tsusho via its Australian subsidiary in the Integra Coal Joint Venture in the province of New South Wales, Australia.

Nippon Steel, already holding an interest of 3.6 percent in this JV, with this additional purchase will own an interest of 5.95 percent.

"This additional purchase of interests in this JV will add strength to Nippon Steel's capabilities and endeavors to ensure stable procurement of semi-soft coking coal for the future," reads Nippon Steel's statement.

Integra Coal Joint Venture, heretofore operated by the respective Australian subsidiaries of Vale, a global resources company, POSCO, a Korean steel company, JFE/JFE Shoji Trade, Toyota Tsusho, and Nippon Steel, produces about 3.3 million mt a year of semi-soft coking coal and steaming coal.(sourced:Thomson Reuters)