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16 Quick Heat Treat News Chatter Items to Keep You Current

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Heat Treat Today offers News Chatter, a feature highlighting representative moves, transactions, and kudos from around the industry.

Personnel & Company Chatter

  • Global aluminum producer Constellium SE recently announced that its casting and rolling operations in Singen, Germany, will offer ASI-certified aluminum rolled solutions, having been granted the chain of custody certification by the Aluminium Stewardship Initiative (ASI).
  • An insulated metal panel manufacturing company was recently acquired by Nucor Corporation. TrueCore LLC, with a facility in Laurens, South Carolina, produces insulated metal panels serving the cold storage market, with future plans for additional commercial and industrial applications.
  • Michael K. Smith has joined Magnetic Specialties, Inc., as the company’s business development manager.
  • Leon J. Topalian and John H. Walker have been elected by the board of directors of Nucor Corporation as a director and non-executive chairman, respectively. Topalian is the president and COO of Nucor and will become the CEO on January 1, 2020. Walker, who has more than 35 years of experience in metal-related manufacturing and fabricating industries, has served as a member of Nucor’s Board of Directors since 2008 and as lead director since 2017.
  • Don P. Newman will join Allegheny Technologies Incorporated as senior vice president, finance and chief financial officer, effective January 6, 2020. Newman succeeds Pat DeCourcy, who will remain as senior vice president and special advisor to the CEO until his retirement on March 31, 2020, after a 31-year career with the company.
  • Mike Otero has been appointed chief operating officer of Braidy Industries, effective January 6, 2020.
  • GFG Alliance, owned by British commodities tycoon Sanjeev Gupta, recently reached an agreement to purchase the Duffel aluminum plant in Belgium from Novelis.
  • James K. Kamsickas has recently been elected president and CEO of Dana Incorporated. The board of directors elected Kamsickas to the additional post of chairman of the board. In addition, Keith E. Wandell, who has served on Dana’s board since July 2008 and as non-executive chairman since September 2016, will continue on the board as lead independent director.
  • The acquisition of Essar Steel India Ltd (ESIL) has reached completion. ArcelorMittal in a joint venture with Nippon Steel Corp. completed the acquisition. The venture, hereby called ArcelorMittal Nippon Steel India Ltd. (AM/NS India) will own and operate ESIL.

Equipment Chatter

  • To support rapid growth within their mechanical testing department, Solar Atmospheres of Western Pennsylvania has recently invested in a new Haas ST-10 CNC lathe.
  • A new special walk-in oven, No. 942, from Grieve Corporation, is currently being used for curing epoxy at the customer’s facility.
  • An Ecomelt-PS150 melting furnace and two tiltable holding and casting furnaces have been supplied to Otto Fuchs KG and installed in the company’s Meinerzhagen casthouse by Hertwich Engineering, a company of SMS group.
  • A new rotary furnace for recycling aluminum scrap was recently started at the Villadangos, Spain, facility of Latem Aluminium. The new 30-ton furnace was designed by GHI Smart Furnaces.

Kudos Chatter

  • Process Cooling Systems Inc was recently chosen along with 15 other companies to receive the Sixteenth Annual Team Massachusetts Economic Impact Award. MassEcon, the state’s private sector partner in promoting business growth in Massachusetts, recognized the sixteen companies for their outstanding contributions to the Massachusetts economy. The companies were selected on the basis of job growth, facility expansion, investment, and community involvement since January 1, 2018. The winners were honored at a luncheon on November 26, 2019.

    Paulo announces that three of its facilities have been awarded Gulfstream approval
  • Paulo announces that three of its facilities have been awarded Gulfstream approval following on-site audits in St. Louis, Cleveland, and Kansas City. The scope of the approval encompasses several Gulfstream specifications for various materials and processes. Paulo is approved for GAMPS 5101, 5102, 5103, 5104, 5105. Paulo’s Cleveland facility was also approved for hot isostatic pressing and furnace brazing.
  • LAI International marks its 40-year anniversary as a global leader in advanced manufacturing technologies for the aerospace, defense, medical, and industrial sectors. Founded in 1979 as a regional contract manufacturer specializing in laser welding and laser heat-treating processes, the company expanded its capabilities with proprietary waterjet machining, laser drilling, and additive manufacturing capabilities. Over the years, LAI has manufactured highly engineered components for some of the world’s leading innovators, including Lockheed Martin, Northrup Grumman, and GE.

Heat Treat Today is pleased to join in the announcements of growth and achievement throughout the industry by highlighting them here on our News Chatter page. Please send any information you feel may be of interest to manufacturers with in-house heat treat departments especially in the aerospace, automotive, medical, and energy sectors to editor@heattreattoday.com

16 Quick Heat Treat News Chatter Items to Keep You Current Read More »

Acquisition of EAF Mill Expands Industrial Group’s U.S. Operations

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A Texas-based steel products manufacturer with EAF capacity that produces a diverse line of high-quality value-added steel products was recently acquired by a global industrial alliance and added to the latter’s resources, energy, transportation, and infrastructure group.

Liberty Steel USA’s acquisition of Keystone Consolidated Industries, Inc. (KCI) from Contran Corporation, creates one of the country’s largest producers of wire rod. Liberty Steel USA is part of the GFG Alliance; a global group of energy, mining, metals, engineering, logistics, and financial services businesses, headquartered in London. Sanjeev Gupta is the Executive Chairman.

GFG North American CIO Grant Quasha

Keystone Steel and Wire, a division of KCI, has a 100+ year history in the steel and steel products business. The deal includes Keystone’s top-producing wire rod facility, which houses a 1.1mt capacity electric arc furnace (EAF), and an MBQ/SBQ bar mill.

Liberty Steel USA will have up to 1.8mtpa of EAF melting capacity, 2mtpa of wire rod rolling capacity, significant value-added downstream businesses and over 1,300 employees. The combined company will have operations in Illinois, Ohio, South Carolina, New Mexico, Texas, and Georgia.

“KCI and its businesses offer Liberty the chance to merge our existing U.S. steel business with one of the country’s most productive wire rod operations,” said GFG North American CIO Grant Quasha. “Combined with Liberty Steel Georgetown, KCI will increase our downstream capabilities, create critical synergies, add strong management and provide better value and products for customers as we advance our U.S. steel business to our 5mt pa goal.”

 

 

 

Main photo caption: GFG North American Chief Investment Officer Grant Quasha and Executive Chairman Sanjeev Gupta

Acquisition of EAF Mill Expands Industrial Group’s U.S. Operations Read More »

European Steel Acquisitions Set To Double Metals Production Capacity

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A British-owned international metals and industrial group, specializing in commodities, metals recycling, manufacture of steel, aluminum and engineering products recently announced a conditional agreement to purchase four European steel plants.

The Liberty Group, which is part of the GFG Alliance will acquire ArcelorMittal’s major integrated works at Galati in Romania and Ostrava in the Czech Republic, along with rolling mills at Skopje in Macedonia and Piombino in Italy.

Jay Hambro, chief investment officer of the GFG Alliance

Adding these major steel hubs more than doubles Liberty’s global metal manufacturing capacity in the U.K. as a steel and aluminum supplier to the automotive, aviation and specialist engineering sectors and in Australia supplying steel for building and infrastructure. The Group also makes steel in the USA for the automotive and other sectors.

The four sites in the package have a combined rolling capacity of around 8m tonnes a year and would give Liberty the ability to supply a full range of finished steels, including plate, hot rolled coil, cold rolled coil, galvanized sheet, tin plate, bar, wire rod, and rail. The plants serve domestic and wider European markets, including automotive, construction, industrial machinery, and oil and gas sectors.

“Following relevant approvals for this transaction, the GFG Alliance will have a number of new global hubs in Europe,” said Jay Hambro, chief investment officer of the GFG Alliance. “These steel operations are high-performing, profitable assets with modern equipment, excellent transport connections to key markets and high-skilled workforces. There is huge potential for expansion, further modernization and the application of GFG’s GREENSTEEL strategy.

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EAF, Rod Mill Acquired with Steelworks Purchase

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A 540,000-ton-a-year electric arc furnace and 680,000-ton-a-year rod mill serving the construction and automotive markets will re-start melting and rolling in Spring 2018 following the acquisition of a Georgetown, South Carolina, steelworks facility.

Sanjeev Gupta, executive chairman of the GFG Alliance

Liberty House, part of the global metals, industrials, and energy group, the GFG Alliance, recently completed the purchase of the 600,000-sq.-ft. rod and wire mill from ArcelorMittal, the first in a series of North American acquisitions and new projects targeted by the group founded and run by British industrialist, Sanjeev Gupta.

The company is already in discussions regarding the acquisition of other major US steel assets and new greenfield projects, which it expects to announce in the coming year.

Liberty House, will initially re-hire 125 former employees at Georgetown and then build the workforce to 250 in the medium-term. The group is targeting a major share of the US market for home-produced wire rod, demand for which is projected to grow substantially during 2018.

The steelworks was a pivotal part of the state’s industrial infrastructure for nearly 70 years until it was shuttered in 2015. Liberty House now aims to restore its role in the steelmaking industry and bring hundreds of skilled jobs back to the plant and to the local and state economy.

Under an agreement with the United Steelworkers, the company expects key roles on the furnace, casters and rolling mill to be filled by experienced former employees of the plant and it is also in discussion with Georgetown Council about training programs to prepare workers for the industry.

“Securing the Georgetown furnace and mill is a major milestone for us, marking our first major step in the USA,” said Sanjeev Gupta, executive chairman of the GFG Alliance said. “The melting and rolling facilities here give us a formidable entry to the American market and provide a strong platform for expansion. We see major prospects for the metals industry here.”

EAF, Rod Mill Acquired with Steelworks Purchase Read More »