February 23, 2016 - Net cash proceeds of the transaction are expected to be approximately $27.5M, with ninety percent of the gross consideration paid at closing, and the remainder, subject to certain adjustments, payable by December 31, 2016. Net proceeds will be used to reduce borrowings outstanding under the Company’s revolving credit facility.
February 18, 2016 - Talan Products, Cleveland, is pleased to announce it will receive a 2016 Evolution of Manufacturing award, recognizing the company as a regional leader in manufacturing practices and innovation. Talan is among 11 area companies that will be recognized at the annual Evolution of Manufacturing awards program Feb. 18 at the 925 Euclid Building in Cleveland.
February 16, 2016 - The Board of Directors of the International Titanium Association (ITA) has approved a proposal by the ITA Safety Committee to proceed with a project to create data to determine whether there should be further updating of key safety standards related to the flammability of titanium, in order to more accurately reflect the rapidly changing types of products and manufacturing technologies being developed by the titanium industry.
February 16, 2016 - AP&T has delivered the world's first production line for hot forming of aluminum with a new method – HFQ. The technology enables parts to be manufactured that have low weight, high strength, complex shapes and high dimensional stability in one single step.
February 11, 2016 - Houghton International has received approval from Pratt & Whitney for the use of Hocut 4940 Metalworking Fluid in the production of its aircraft engines and military power units under the Pratt & Whitney reference PMC 9151.
February 9, 2016 - Alliance Steel LLC, Bedford Park, Illinois, is pleased to announce the acquisition of the working capital assets and customer list of Standard Steel & Wire Inc., Chicago. Alliance Steel will concurrently form the Specialty Steel Division of Alliance Steel. Dennis Barista, formerly of SS&W, will be heading up this new Division.
February 9, 2016 - Walter Surface Technologies announced today the launch of the new Walter Abrasives Selector app available for all iOS and Android smartphones. The free app is designed to help metalworking professionals select the optimum abrasive solution for any possible application they may encounter.
February 8, 2016 - Simonds Saw has recently reintroduced two major bi-metal band saw blade lines that combine new features with advanced manufacturing methods to substantially increase cutting rates in production metal sawing applications by up to 20 percent.
February 4, 2016 - Continental Machines Inc., manufacturer of the DoALL Sawing Products brand of metal cutting band saws, announced today its two-year plan to transition from a manufacturing-based company to a service- and distribution-based company to better address customer demand.
February 2, 2016 - Beck’s Light Gauge Aluminum, a cut to length toll processor in Elk Grove Village, Illinois, has recently installed a Herr-Voss 6 hi light gauge corrective leveler to enhance the processing of non-ferrous coil for surface critical (jewelry) type applications.
February 2, 2016 - AMI Metals Inc., Brentwood, Tennessee, won a five-year contract with BAE Systems to provide aluminum plate to support the requirements for the F-35 Joint Strike Fighter, Hawk and Typhoon programs.
February 2, 2016 - Steelmaker Gerdau and Danieli Centro Recycling, are partnering on a $10 million project to upgrade the nonferrous scrap separation system at Gerdau’s steel mill in Whitby, Ontario. Construction will begin during the first half.
February 2, 2016 - JM Bastille Acier neuf, a trader and distributor of ferrous and nonferrous metals across eastern Quebec and New Brunswick, has changed its name to Acier Quebec-Maritimes. In the wake of obtaining Cdn $1 million in funding from public and private sources, company leader Jean-Claude Chouinard has expanded the company over the past three years.
February 2, 2016 - Laser Mechanisms Inc. announced today that it has acquired Livonia, Michigan-based Visotek, a provider of Smart Laser Tools that simplify the use of lasers in any environment.
February 2, 2016 - Fronius USA has recently announced its Fronius Service Provider (FSP) program training opportunities and new online webinars available to individuals interested in learning more about their solar products.
January 29, 2016 - Société Internationale Métallique (SIM) selected Midrex Technologies Inc. and Primetals Technologies (formerly Siemens VAI) to furnish equipment and manage installation of a 2-million-ton hot briquetted iron (HBI) plant.
January 28, 2016 - Talleres y Aceros (TYASA) ordered a two-cell EPS Coil Line, built by Red Bud Industries, to complete its minimill steelmaking complex in Mexico. The Eco Pickle Surface line will descale hot-rolled strip up to 1.9 mm (0.075-inch) thick and 1830 mm (72-inch) wide in coils up to 33,100 kg (73,000 pounds). Startup is projected for 1Q 2017.
January 27, 2016 - The grand opening event is scheduled for March 30-31. Industry professionals and media are invited to visit the new facility, meet the product team and see live machinery demonstrations 10:00 am – 5:00 pm each day.