Chips
By Staff -- Purchasing, 4/5/2007 2:00:00 AM
-
Norway's Hydro will close aluminum extrusion operations at its Ellenville facility in upstate New York by the end of June 2007, after failing to find a buyer, says Fernando Simões Henriques, head of Hydro's North American extrusion operations. The firm will continue to cast secondary ingot at the plant.
-
Japanese conglomerate Mitsui has bought the Steel Technologies Inc. steel processing distributor for about $532 million including debt. Steel Technologies will keep its name, remain headquartered in Louisville, Ky., keep its management team in place and continue operating metals-processing plants in the U.S., Canada and Mexico.
-
Steel Dynamics Inc. is planning a $35-million investment in the steel mill at Pittsboro, Ind., to increase annual capacity for special-bar-quality steels by 45% to about 725,000 tons per year. SBQ is a designation for various higher-quality carbon and alloy bars used in forging, machining and cold drawing to make certain automotive parts, hand tools, electric-motor shafts and valves.
-
Although steelmaking won't begin until the third quarter, the sheet steel pickling line is operational at SeverCorr in Columbus, Miss. The plant eventually will produce 1.5 million tons of flat-rolled steel annually, says Mike Wagner, chief commercial officer.
-
French stainless steel and nickel alloy plate distributor Jacquet Metals has opened North American service centers in Houston and in Pottstown, Pa., and is looking to open more plants in Chicago and Los Angeles in coming months.
-
Steel pipe and tube manufacturer John Maneely Co. of Collingswood, N.J., has acquired Sharon Tube Co., a western Pennsylvania-based manufacturer of mechanical tube and seamless pressure pipe.
-
All Metals Service & Warehousing plans to purchase and install a 72-in multi-blanking line that will be operational by January 2008 at its Spartanburg, S.C., steel warehousing and processing facility.
-
Bushwalk Metals of Bridgeport, Conn., a Marmon/Keystone affiliate, has acquired general line steel service center Koons Steel of Parker Ford, Pa. The purchased company has been renamed Bushwick-Koons Steel. Its inventory includes flat-rolled products, wide-flange beams, pipe and tubing.
-
Metals producer, recycler and trader Commercial Metals Corp. (CMC) of Texas has purchased the Polish government's 27% minority stake in CMC Zawiercie for $59.5 million and now holds approximately 99% of all CMCZ shares. CMC Zawiercie is the third-largest steel producer in Poland. (Note: Analyst Mike Gambardella at J.P. Morgan Securities says the buyout is part of CMC's growth strategy to increasing its supplier exposure in the rapidly developing economies of Central and Eastern Europe.)
Now Playing: 