Nucor Corp., Charlotte, N.C., has entered into an agreement to purchase all the equity of Gallatin Steel Company for a cash purchase price of approximately $770 million.
Continue readingWorcester Polytechnic Institute receives $424,000 to develop aluminum-matrix composites
Worcester Polytechnic Institute, Mass., has received a three-year, $424,000 award from the National Science Foundation to support the development of a new way of manufacturing aluminum-ceramic composites to make vehicles lighter and more energy-efficient.
Continue readingIpsen builds small-footprint heat treating system for Mercedes-Benz
Ipsen, Cherry Valley, Ill., developed and delivered a special atmosphere three-row pusher heat treating system that required comparatively little floor space and power consumption for a Mercedes-Benz facility.
Continue readingInternational Molybdenum Association reports on global molybdenum market
The International Molybdenum Association, London, reports that global use of molybdenum in the first quarter of 2014 decreased to 136.1 million pounds, down 2% from 138.2 million pounds in the previous quarter, but 7% higher than the same quarter in 2013.
Continue readingKPS Capital Partners to sell Waupaca Foundry to Hitachi Metals
KPS Capital Partners LP, New York, has signed a definitive agreement, through an affiliate, to sell its portfolio company Waupaca Foundry Inc., Waupaca, Wis., to Hitachi Metals Ltd. for $1.3 billion in cash.
Continue readingIpsen’s Titan furnaces used for aerospace, automotive, and sporting goods
Ipsen, Cherry Valley, Ill., announces that it shipped three Titan vacuum furnaces in a span of one week: two went to China for use in the aerospace and automotive industries, and the other was shipped to Arizona for an American company in the commercial sporting industry.
Continue readingInternational Molybdenum Association publishes emissions study
The International Molybdenum Association (IMOA), London, has published a study demonstrating that lightweight components manufactured from advanced high-strength steel (AHSS) can reduce attributable greenhouse gas emissions by around 29% compared with traditional component designs.
Continue readingVac Aero ships vacuum furnace to aerospace manufacturer in Mexico
Vac Aero, Burlington, Ontario, has shipped a VAH 6660 HV-2 horizontal vacuum furnace to an international company’s plant in Mexico to process aerospace parts.
Continue readingAl-Fe Heat Treating becomes Rolls-Royce approved supplier
Al-Fe Heat Treating’s Wadsworth, Ohio, plant has been named an approved supplier for Rolls-Royce Corporation of Indianapolis.
Continue readingSSAB merges with Rautaruukki to form a global steel company
SSAB, Stockholm, Sweden, announces that Rautaruukki became part of SSAB on July 29, 2014.
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