Reuters reported that German truck maker MAN SE expects order intake in its Diesel & Turbo unit to rise above EUR 3 billion in 2010, more than the 2009 level. In 2009, the unit's order intake was EUR 2.9 billion. However, Mr Klaus Stahlmann head of MAN SE said that revenues of the unit, which also makes turbines for power plants and produces engines for container and cruise ships, would remain stable in…

Bangkok Post reported that Ford Motor Co is investing USD 450 million to construct a new passenger vehicle plant in Thailand. The initiative is the first major foreign investment in the country to be announced since last month's deadly political unrest. Mr Alan Mulally global president & CEO of Ford said that "The region is arguably the world's most dynamic and there is no doubt it will continue to be a key…

JMB reported that Japanese ferrous scrap market price shows sign to hit bottom recently. Steel makers' scrap purchase price around Osaka increased for the first time in near 2 months when local integrated steel and special steel plants keep high level consumption while the price didn't increase in other areas. A yard dealer source sees the better market is partly due to lower dealers' inventory under…

COROSAVE – Corrosion Protection, Preservation and Packaging in Stuttgart, Germany Temporary Corrosion Protection – Indispensable in the Production Process Whether it results in the impairment of downstream work steps, scrap or customer complaints – corrosion may lead to significant economic losses. The COROSAVE product range presented at parts2clean offers solutions to the problems of corrosion during…

Yonhap reported that the number of foreign made vehicles registered in South Korea has surged in 2010 on the strength of improving economic conditions that help spur consumer demand. According to the report by the Ministry of Land, Transport and Maritime Affairs, the total number of foreign cars registered with the government jumped 20% YoY to 460,892 as of May 31st 2010.

Reuters reported that German steel and industrial group ThyssenKrupp is in exploratory talks to dispose of its Metal Forming business that supplies body and chassis stampings and assemblies to carmakers. A spokesman for ThyssenKrupp Steel Europe said that "We are looking for a best owner who can further develop the business. We are in talks with several interested parties but we are still at an early…

ArcelorMittal South Africa said that it will lower the prices of some of its steel products and reduce the Sishen surcharge due to a fall in international iron ore prices. The price reduction will take effect for deliveries from July 1st 2010. It added that it will decrease the price of flat steel products by between ZAR 190 a tonne and ZAR 715 a tonne, depending on the product. Its long steel products will…

Vestas will deliver 44 of its V100-1.8 MW and 35 of its V90-1.8 MW wind turbines to Capital Power Corporation for its proposed Quality Wind Project in British Columbia, Canada. The Vestas wind turbines will be delivered and commissioned in 2012. Capital Power will be responsible for the installation of the wind turbines and towers. The order also includes a 10-year service and maintenance agreement. In…

Offshore Wind Power Marine Services Ltd (OWPMS) and the Brook Henderson Group have formed a joint venture (JV) to build 60 crew transfer vessels for offshore wind farm construction and operation & maintenance (O&M). Brook Henderson has set aside upwards of £20 million of equity over the next two years and is negotiating 90% funding for new builds. Commercial Director Rob Stewart, formerly of South Boats…

Metals Service Center Institute announced that US and Canadian metals service center shipments aluminum products rose in May at double digit rates from depressed year ago levels. Inventories were flat or rose during the month. MSCI said that May shipments of aluminum products from US service centers totaled 97,000 tonnes, the third straight month of decline but 18.3% above year ago volume. US aluminum…