Novelis, the world leader in aluminum rolling and recycling, today announced it will invest an additional $205 million to further expand its global manufacturing operations serving the rapidly growing automotive market. The company will build new finishing lines at its plants in Oswego, N.Y. and Nachterstedt, Germany, dedicated to the production of aluminum automotive sheet.
Five decades ago, Ernie Samuel, president of Samuel, Son & Co., Limited, recognized that Samuel required an in-house trucking company to effectively and efficiently handle the growing volume of metal processing. As such, just before New Year’s Eve 1964, Kim-Tam Trucking was created as an independent trucking affiliate of Samuel, Son & Co., Limited. The name was derived from the names of his two daughters Kimberly and Tammy.
Wise Metals Group LLC today announced the closing of its new senior secured notes and a new working capital revolver. The Company’s private offering of $650 million 8.75% senior secured notes due 2018 are secured by certain of its assets. Bank of America Merrill Lynch, Wells Fargo Securities and Houlihan Lokey were underwriters of the Notes.
Toyota Tsusho Corp. and Wise Metals Group LLC announced today that they have entered into a Memorandum of Understanding to study the feasibility of creating a joint-venture for the purpose of producing aluminum sheet for use in the automotive industry.
In continuation with their regional growth and sales coverage expansion, Mazak Optonics Corp. has created a new Central Region territory. The territory will encompass all of Illinois and the St. Louis area and will be led by Keith Leuthold, Mazak Optonics Corp. technical sales director.
A growing shortage of skilled manufacturing professionals is one of the biggest threats facing America’s manufacturing industries. This pressing topic will be addressed during a special “Workforce Tools and Applications” seminar, 11:20-1 p.m. Thursday, Oct. 10 at Jet Edge, Inc., 12070 43rd Street N.E., St. Michael, Minn.
To honor employees’ participation in the Quality Improvement Process over the past year, all of Marmon/Keystone’s 30 locations across the United States each gathered for an afternoon of recreational outings, team building and prize giveaways on Friday, September 13.
North American Steel Alliance Board of Directors announced that with the addition of five new metal service centers as member/owners of the metal distribution industry’s first and largest cooperative, the co-op continues to grow at a steady and sustainable pace. NASA’s 121 service center owners represent approximately 375 operating locations servicing metal-consuming customers across all of the US and Canada.
MassEcon recently named LENOX, a leading manufacturer of premium band saw blades, power tool accessories and hand tools, as one of the 23 companies from across the state to have been selected as finalists for the 2013 Team Massachusetts Economic Impact Awards.
Jet Edge Inc. announced that Hsiang Yu Machinery Co., Ltd. has been selected as its newest waterjet systems dealer for Taiwan, R.O.C. Hsiang Yu Machinery carries Jet Edge’s full line of waterjet cutting and surface preparation equipment, including waterjet cutting machines, waterjet intensifier pumps and portable waterjetting systems.