Oman's Muscat Steel proceeds with its investment projects. The company launched construction of a new steelmaking complex in September and currently it performs foundation work. Equipment is expected to arrive in December, with ...
Tags: Oman's Muscat Steel, steel, investment, new steelmaking, second rebar mill
Metinvest Group, a vertically integrated group of steel and mining companies continues to invest in new mining machinery for its Mining Division. Metinvest Group acquired a new BelAZ dump truck for the Annovsky open pit of Severniy GOK. ...
Tags: mining machinery, steel, mining, Mining Division
Packaging manufacturer for the food service industry Anchor Packaging has announced plans to invest more than $7.6m in order to establish operations in Rockcastle County, Kentucky, US, creating 150 new jobs. According to the company, the ...
Tags: packaging manufacturer, food service industry, productive future
BP is to establish a $100 million international research center known as the BP International Centre for Advanced Materials, or BP-ICAM. This center will lead research aimed at advancing the fundamental understanding and use of materials ...
Tags: BP, international research center, energy, University of Manchester
During the SteelOrbis fall 2012 conference&67th IREPAS meeting held in Munich on September 30-October 2,Peter Marcus from World Steel Dynamics(WSD)has assessed the current situation in the world steel industry and provided an outlook for ...
Tags: SteelOrbis, 67th IREPAS meeting, Munich, WSD
The boss of Toyota Australia has pledged his company's commitment to the local automotive industry at the unveiling of the Japanese car maker's new petrol and hybrid engine plant in Melbourne. Toyota Australia president and CEO Max Yasuda ...
Tags: Toyota, local automotive industry, petrol and hybrid engine
Mr Ralf Nordén takes over as CEO of Dannemora Mineral on Thursday 13 December. Consequently, Mr Staffan Bennerdt, who has successfully led the development of Dannemora since 2008, is relinquishing his position as CEO but will ...
Tags: Dannemora Mineral, mineral, mineral market, company news
Reuters reported that ArcelorMittal vowed on Friday to kick start a EUR 180 million, five year investment program at its Florange site in eastern France in the first quarter of 2013, seeking to allay union concerns over job cuts. ...
Tags: ArcelorMittal, steelmaking, blast furnaces
Reuters reported that Brazil's Vale, the world's second largest mining company, cut estimated 2013 capital spending by 24% after a global slowdown and a drop in iron ore prices led the company to rethink its outlook for expansion. Vale ...
Tags: iron ore price news, job mining, pipeline job, copper mining news
Reflecting an improvement in demand for its products,Ply Gem Windows has announced plans to add of 200 jobs and make a significant capital investment at its Rocky Mount,Va.-manufacturing facility by the end of 2014., "The investment in ...
Tags: Ply Gem Windows, Virginia, manufacture
Sabra Dipping Co., the dips venture run by PepsiCo and Israeli food group Strauss, is to set up an R&D facility in the US. The company is spending US$28m on a facility in Chesterfield County in Virginia. Strauss decided to run its US ...
Tags: PepsiCo, food group, food manufacturing, food industry
Samsung will invest €503m to acquire 3% in ASML Samsung Electronics has signed an agreement with Dutch chipmaker ASML to invest €779m in the latter's Customer Co-Investment Program that aims to develop new chip making ...
Tags: new chip, Samsung, ASML, semiconductor
TSMC will invest €838m to acquire 5% in ASML Taiwan Semiconductor Manufacturing Company (TSMC) has signed an agreement with Dutch firm ASML to invest €1.1bn in the latter's Customer Co-Investment Program that aims to develop new ...
Tags: extreme ultraviolet, TSMC, ASML, new chip, semiconductor
Taipei,Dec.7,2012(CENS)--The government's program of"pushing Taiwanese enterprises to return Taiwan for investments"has achieved the first result,as the Industrial Development Bureau(IDB),under the Ministry of Economic ...
Tags: IDB, Investments, Largan and Catcher
UK-based Contego Packaging, acquired by Platinum Equity in 2011, has invested in a new 6,200 sq m factory in Wolfen, Germany to replace its existing facility. The new factory enables production and warehousing to be located under one roof ...
Tags: new factory, packaging, technology