December 15, 2016 - The parties expect the transaction to close on or by March 1, 2017. The agreement will be structured as an asset purchase and will exclude galvanized product and ornamental tubing products. The purchase price for the transaction, which excludes real estate and certain other assets, is expected to range between $15 and $16 million.
December 15, 2016 - The company will begin processing slabs on the currently idled hot strip mill at Granite City Works in Granite City, Ill., in mid-February 2017. U.S. Steel intends to source slabs from its own domestic facilities.
December 15, 2016 - Nucor expects fourth quarter results to be in the range of $0.30 to $0.35 per diluted share. This range is a decrease compared to the third quarter of 2016 consolidated net earnings of $0.84 per diluted share and a decrease compared to the fourth quarter of 2015 adjusted net earnings of $0.45 per diluted share.
December 15, 2016 - General Motors Co. announced investments of $552 million for U.S. manufacturing facilities: Tonawanda, Lockport and Rochester, New York and Parma, Ohio.
December 14, 2016 - CCS is a fabricator of post-tensioning cable and related products for commercial and public construction projects with a facility in Alpharetta, Georgia. In addition, CCS provides professional design and value engineering services to the construction industry throughout North America.
December 14, 2016 - Nippon Steel & Sumitomo Metal Corporation announces that it has entered into an agreement with Wheatland Tube to sell the shares of Western Tube & Conduit Corporation, a subsidiary of NSSMC in the United States.
December 13, 2016 - AISI encourages proposals from industry, universities, government and private laboratories located in North America. The solicitation is based on the technological needs of the industry that have been identified by the AISI Committee on Manufacturing Technology.
December 13, 2016 - Aluminum extruder Gateway Extrusions continues its multi-phase expansion program with the acquisition of a new 9-inch aluminum extrusion press manufactured by Mei Ruey Industrial. Purchased this summer and installed this fall, the equipment is in final stages of testing and calibration before being brought into full operation.
December 12, 2016 - New technology and laser center in Santa Clara – focus on coating technology and laser processing – close proximity to key customers and partners in consumer electronics and e-mobility sectors.
December 6, 2016 - The catalog showcases a new approach to product presentation with separate sections for insulated metal panels (IMPs) and rainscreen systems, encompassing single-skin metal and backup panels.
December 6, 2016 - Nucor Corp. announced today that it has agreed to acquire Southland Tube, an independent manufacturer of hollow structural section (HSS) steel tubing, for $130 million, or approximately 8x average EBITDA over the 2011-2016 period.
December 1, 2016 - The Aluminum Association announced today the addition of three new member companies – Cerro Wire LLC, Granges Americas Inc. and Reynolds Consumer Products. The companies join the Association as producer members – firms that make or fabricate aluminum products.
December 1, 2016 - Zekelman Industries announced today the formation of Z Modular, a new modular construction business unit. Z Modular consists of VectorBloc Corp., Z Modular Fabrication and Connexio Building Systems Inc. (Connexio). These entities will design, build and install modular construction solutions.
November 29, 2016 - voestalpine as a technology partner to the automotive industry enters the next stage of its internationalization with continued expansion in the NAFTA region, as well as in Europe and Asia. The deciding factor was an order worth almost USD 600 million in the automotive sector which the Group has recently signed with a premium manufacturer.
November 22, 2016 - During the Fabtech 2016 show in Las Vegas, TECHNI Waterjet featured the Intec 510-G2 (5 ft. by 10 ft.) Waterjet Cutting Machine complete with the latest Generation Four QUANTUM NXT (Electric Servo Pump) ESP66, the PAC 60 Five-Axis Cutting Head for taper elimination and 60 degree bevel cutting as well as our Advanced Diagnostics package with virtual maintenance intelligence.
November 18, 2016 - At the recent staging of indometal, International Metal & Steel Trade Fair for Southeast Asia, 200 exhibitors from 24 nations showcased a comprehensive range of products to 5,836 visitors from 30 countries. The next edition of indometal will take place from October 17 – 19, 2018 in Jakarta, Indonesia.
November 17, 2016 - Red Bud Industries recently received an order for a .625 in. (16 mm) by 84 in. (2100 mm) Cut-To-length Line with Stretcher Leveling from Kloeckner Metals, Chicago.
November 16, 2016 - Mark Saturday, November 12 as another milestone in Amy Ruman’s racing career. Her win at Daytona International Speedway catapulted her to the 2016 Trans Am Class Championship for the second consecutive year.
November 10, 2016 - Axalta Coating Systems announced that Mike Withers, responsible for Axalta’s architectural powder coatings in North America, will lead a technical session at the Fabtech 2016 tradeshow.