The Egyptian Ministry of Trade and Industry recently announced it will offer Twelve (12) new licenses to build steel mills to meet rapidly increasing demand and expected shortage by 2017. The deadlines for launch these factories licenses will be determined by the end of this month, based on the recommendations to be submitted to the Minister. According to the Egyptian Industrial Development Authority (IDA)…

KUKA Robotics demonstrates innovative robotic automated solutions for the Machine Tool Industry at IMTS 2010. Clinton Township, MI – KUKA Robotics Corporation booth #N-6200 will demonstrate 5 unique and innovative robotic solutions at IMTS for the machine tool industry in cooperation with the KUKA Robotics System Partner Network and the KUKA Robotics membership in Partners in THINC. As a proud member of the…

The University of Alabama at Birmingham (UAB), Birmingham, Ala., has officially opened its new Materials Processing and Application Development Center (MPAD), a laboratory announced last spring that includes state-of-the-art metalcasting capabilities. The ribbon on the facility officially was cut during a ceremony on Aug. 24. “Companies that don’t want to spend extra dollars in this economic time on…

South Korea's top auto manufacturer Hyundai Motor Group said that it will bid for a major stake in Hyundai Engineering & Construction Co, the country's top builder put up for sale. Creditor banks of Hyundai Engineering & Construction said that they will sell a 34.88% stake in the construction firm, which they acquired through a debt for equity swap in 2001 to save the builder from insolvency. Hyundai Motor…

Xinhua reported that Mr Zhang Dejiang Chinese Vice premier has urged more efforts to develop China auto parts industry and new energy vehicles to increase the international competitiveness of the nation auto sector. Mr Zhang said auto part producers should step up self-development of core technologies and form their own brands to advance the sector. He said that Quality should always come first. He added…

Saab Automobile and Bayerische Motoren Werke AG have agreed on a deal that allows the Swedish carmaker to use engines made by BMW, according to a person with direct knowledge of the matter. Saab will initially purchase BMW engines for the 9-3 model that is scheduled for release in late 2012, said the person, who asked not to be identified before a contract is signed. The carmakers plan to announce the pact…

AFS will cosponsor two North American Pavilions at GIFA and NEWCAST 2011. The event will be held June 28-July 2, 2011 in Düsseldorf, Germany. The North American Pavilion at GIFA will be an exhibiting area where metalcasting industry suppliers will be able to exhibit to casting producers; the North American Pavilion at NEWCAST will allow metalcasters to exhibit their casting abilities to buyers and design…

The Swedish Wind Power Technology Centre (SVTC) has been set up to support the Swedish wind power industry. The centre, funded by the Swedish Energy Agency, the industry and Chalmers, aims to support the Swedish wind industry with know-how on wind power design and to train engineers. The SEK100 million wind power centre hopes to ensure that the region becomes a leader in wind turbine technology. “It is…

The Australian reported that ALCOA soaring Chinese demand for alumina could allow it to revisit a decision to shelve an expansion of the Wagerup refinery in WA. Mr Alan Cransberg MD Alcoa of Australia warned that domestic factors including a possible carbon tax could keep the long planned USD 3 billion Wagerup expansion on hold despite the forecast rapid rise in China's alumina imports. He said that there…

Brazilian mining giant Vale said on August 27 that it would cut its prices of the mineral by 10% in October. The decision, made as part of a quarterly revision of market prices, comes after a fall in demand in China, the top global customer, a company spokesman said, confirming a report in the Estado de Sao Paulo newspaper. It also slightly reverses a 170% increase in iron ore prices seen this year in…