Times of Oman reported that Dubai Gulf Oil set the interest rate it will pay on USD 785 million of loans it's seeking to back its acquisition of Houghton International Inc. A USD 535 million first lien term loan will pay 4.5 % points ...
Tags: acquisition, Dubai Gulf Oil, interest rate
Business Line reported that TATA Power Solar, a 100% subsidiary of TATA Power, has commissioned two 1 KW solar photovoltaic plants to power the porta cabin center of Residents Welfare Associations across New Delhi. The company in a ...
Tags: Business Line, TATA Power Solar, solar photovoltaic plants, solar sources
Trade Arabia reported that Dubai's ship building unit Drydocks World has won a multi million contract from leading oil exploration and production company Premier Oil to build a subsea facility for Solan oil field located on the UK ...
Tags: Drydocks, oil exploration and production, oil and gas discovery
AFP reported that Sudan and Saudi Arabia are targeting 2014 start for deep water mining of a Red Sea basin believed rich in gold and copper. Mr Ali al Naimi Saudi Minister of Petroleum and Mineral Resources said that Manafa ...
Tags: deep water mining, gold exploration, copper exploration
The premier trade event of the UAE’s aluminium industry, the 16th Arab International Aluminium Conference (ARABAL 2012) was held at the Grand Hyatt Doha, Qatar from 20 to 22 November. The conference, taking place under the patronage ...
Tags: UAE's aluminium industry, ARABAL, aluminium conference
Reuters reported that Saudi Arabia's first aluminium smelter will reach full production more slowly than planned due to long delays to a power plant it needs to run flat out. Saudi Arabian Mining Company expects to begin operations at ...
Toyota Tsusho Corporation has established Toyota Tsusho Processing de Mexico SA de CV in central southern Mexico as a new steel processing center. Toyota Tsusho has also increased the capital of Techno Steel Processing de Mexico SA de ...
Tags: Toyota, Toyota Tsusho Processing, steel processing center
URB Group, Europe's biggest manufacturer and producers of bearings marked its India entry with the announcement of the launch of its first ever manufacturing factory in India. URB group, the world leaders who have 60 years of experience, ...
Tags: india railway map, URB Group, import export india, steel manufacturer
The Associated Chambers of Commerce and Industry of India has welcomed the provisions of spending of at least 2% of net profit on corporate social responsibility activities in the Companies Bill, mandatory for some of the select corporate, ...
Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel
Business Line reported that BEML Ltd has bagged orders worth INR 500 crore from Saudi Arabia and the Indian Railways. The company has recently bagged a INR 73 crore order from The Kingdom of Saudi Arabia for the supply of dumpers and ...
Tags: BEML Bags, Saudi Arabia, Indian Railways, dumpers, excavators
BERNAMA reported that Malaysia Steel Works Bhd has posted a lower pre tax profit of MYR 7.55 million for the third quarter ended September 30, 2012, compared with MYR 17.46 million in the same period last year. The company revenue, however, ...
The Japanese government confiscated what appeared to be North Korean aluminum alloy bars from a Singaporean cargo ship at the end of August, the Asahi Shimbun reported Saturday. They were apparently bound for Burma and could have been used ...
Reuters reported that Shanghai steel futures jumped 1.6 percent on Wednesday, tracking gains in equities, after China's next president said the state will fine tune policies to ensure stable economic growth next year, boosting the outlook ...
Tags: steel scrap price, buy steel pipe, steel tank, iron ore price news
INTERFAX-CHINA reported that State Grid Corp of China absorbed 52% more wind power in October and November than in the same period a year ago as output surged. SGCC, the monopoly grid operator in 26 of China's 31 administrative regions, ...
Reuters reported that China's boycotts of Japanese cars over a territorial dispute will shave about 550,000 tonnes, or about 2%, off Japan's fourth quarter steel output. A government survey of steelmakers showed that violent protests ...
Tags: steel market, steelmaker, boycotts of Japanese products