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.
KPS 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.
Questek Ferrium M54 qualifies for Navy T-45 hook shank production
Questek Innovations LLC, Evanston, Ill., announces that its Ferrium M54 steel has qualified for Navy T-45 aircraft hook shank production.
Ipsen’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.
International 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.