In July this year, Liberty Commodities had officially confirmed its negotiation and completion of the acquisition of Wales-based hot rolled coil (HRC) producer MIR Steel (formerly known as Alpha Steel) on behalf of a consortium of ...
German carmaker Volkswagen Group is planning to invest BRL520m ($235.5m) to set up a a new production plant in Parana, Brazil, to initiate the assembly of its newest Golf model. The company has commenced the construction and the plant is ...
Tags: Volkswagen, German carmaker
Mitsui Chemicals had shut a naphtha cracker located in Osaka, Japan for maintenance turnaround on September 19, 2013, and the plant is likely to restart operations in the beginning of October 2013. “The naphtha cracker has ...
Tags: Mitsui Chemicals, naphtha cracker
It is reported that Venezuelan government invested US$3.5 million in local Aluminum manufacturer CVG Alcasa. Alcasa was shut down from 2010-2011 due to an energy crisis and about half of its 600 cells closed to save energy. The company ...
Tags: Aluminum, Metallurgy, Mineral
Mattress industry veteran Normand Ricard has taken back the company he founded almost 40 years ago, having acquired what is now known as Rev Sleep Corp. from Bedford Capital, a private equity firm based here. The terms of the deal, which ...
Tags: Mattress, Light Industry, Daily Use
German automaker Volkswagen is planning to invest $529m to commence the local assembly of new Golf model as well as restart production by its Audi division in Brazil. The automaker's subsidiary Audi will also invest about $200m to expand ...
Tags: Auto Parts, Volkswagen
Italy's Riva Acciaio is starting to discuss with the judicial custodian on the issue of whether they are able to resume the mills' operations. Riva Acciaio plants are under examination. The Italian steel federation, Federacciai, requested ...
Tags: Construction, steel
Eastern US miner James River Coal has cut about half of its annual Central Appalachian coal production "in response to continued weak coal markets," the company said Monday night after the close of markets. The cutbacks amount to about ...
Tags: Coal, Metallurgy, Mineral, Energy
Venezuela's CVG-Bauxilum alumina sales totaled 55,412 mt in August, up 15% on sales of 48,049 mt in August 2012, Bauxilum said Tuesday. August sales were down 8%, however, on sales of 59,997 mt in July 2013. Of August sales, 30,201 mt ...
Tags: Alumina, Metallurgy, Mineral, Energy
Following international lighting giants Philips, OSRAM, and GE shift towards LED lighting, local manufacturers from various countries followed suit. CLSA Asia-Pacific Markets most recent report showed a good outlook for LED lighting market ...
Tags: MOCVD Production, Lighting
Tycoons Group, one of the major wire and fastener manufacturers in both Taiwan and Thailand market said that since Taiwan's China Steel Corp. has cancelled its low price wire rod promotion, it helps Tycoon's wire rod customers to restart ...
Tags: Construction, steel, taiwan
Drummond Ltd., one of the largest coal producers in Colombia, partially restarted operations Saturday night after the government stepped in to resolve a strike that has stifled the country's coal exports. Edgar Munoz, a spokesman for the ...
Tags: Coal, Metallurgy, Mineral, Energy
Uranium prices are at their lowest level in nearly eight years, as investors and utilities give up on a quick revival for nuclear power. The market for the radioactive fuel hasn't recovered from the 2011 earthquake and tsunami that ...
Tags: Chemicals, Metallurgy, Mineral, Energy, Uranium
Taiwan's Formosa Chemical and Fiber Corp is maintaining run rates at its three aromatics plants at 90-100% of capacity despite paraxylene production margins remaining poor, a company source said last Friday. The price spread between Asian ...
The global LNG market is expected to see a peak in supply tightness in 2014, rising Asian demand will likely match the average 0.9 Bcf/day additional liquefaction capacity expected to come onto the market in the year, Barclays Research said ...