Daily News

18. August 2017

Iran: Renault JV challenges state monopoly on local car market

Two leading state-run carmakers, Iran Khodro and SAIPA, are struggling to maintain their dominant roles on the Islamic Republic’s marketplace, but a new joint venture with French Renault is here to challenge the state-backed car...

17. August 2017

MERCEDES CAN NOW 3D PRINT METAL TRUCK PARTS

3D printing is going mainstreamFor automakers, some parts, like ones that are commonly replaced on current models, are easy to keep in stock. But what about the ones that are rarely needed? Continuing to produce and store those...

16. August 2017

USA - Iowa iron foundry receives state assistance

Former Fairfield Castings plant has new owner and an $855,000 state assistance package.The former Fairfield Castings LLC, Fairfield, Iowa, is now under new ownership and has received an $855,000 “assistance package” from the Iowa...

15. August 2017

NZ - Interest in buying A&G Price foundry after closure

About 100 workers lost their jobs after A &G Price foundry in Thames went into liquidation on July 26.Several parties are currently showing interest in buying the A&G Price foundry in Thames.About 100 workers, ranging...

14. August 2017

London - voestalpine orders continuous bloom caster from Primetals Technologies

- asting plant for four-strand operation designed to produce 950,000 metric tons per annum- Production can be expanded from four to five strands- World's most modern casting plant of its type- Plant is Industry 4.0...

14. August 2017

USA - Weston foundry melds ancient technique with modern casting method

Using a casting technique at least 5,000 years old, Don Marion and his sons at MCM Precision Casting, have been pushing the envelope in cast alloy technology since 1991.While other foundries have been closing their doors, the...

11. August 2017

Jenoptik sells 3D laser machines with an approximate value of 10 million euros to leading German car manufacturers

The 3D laser machines are used in new production processes, such as for the manufacture of innovative components of electric carsLeading German car manufacturers and automotive suppliers have ordered several laser systems with a...

11. August 2017

UK - Liberty saves 60 Kidderminster foundry jobs in Amtek buyout

Around 60 jobs have been saved at a Kidderminster aluminium foundry in a metals industry rescue deal.They are among 550 people employed by the Amtek group in the UK, which has been bought out of administration by the Liberty...

10. August 2017

Rheinmetall continues on growth path

Forecast slightly increased- Consolidated sales grow by 8.0% to €2,808 million in the first half of the year- Operating earnings for the Group improve by 30% to €134 million- Automotive increases sales to €1,465 million and...

10. August 2017

USA - Audubon Aluminum Plant to Expand in Henderson

An aluminum producer is expanding its plant in western Kentucky with an $8.3 million investment.Kentucky Gov. Matt Bevin's office says Audubon Metals is expanding its Henderson plant and creating an additional 39 jobs.The...

09. August 2017

IN - Tata Metaliks drill to move up value chain

Tata Metaliks Ltd is working on its "next phase" of growth to transform itself into a full-fledged ductile iron (DI) pipe producer from a pig iron maker.The Calcutta-based company plans to finalise its strategy to...

08. August 2017

NZ - A hundred jobs lost as Thames A&G Price goes into liquidation

Around 100 people have lost their jobs with A & G Price Limited in Thames announcing that the engineering company has gone into liquidation.Workers ranging from foundry tradesmen, machinists, fitters, welders and engineers...

07. August 2017

Componenta to sell its shareholding in Turkish company

Componenta Corporation Stock Exchange Release 4 August 2017 at 13:00Componenta has today signed an agreement to sell its shareholding in Componenta Dökümcülük Ticaret ve Sanayi A.S., amounting to 93.6% of the company’s shares and...

07. August 2017

AUS - SPEE3D Puts Supersonic Speed in Metal 3D Printing

This year alone, numerous companies have unveiled processes for 3D printing metals more affordably than previously possible, either through indirect methods—as is the case with Markforged, Admatec and Desktop Metal—or direct...

04. August 2017

KKR starts bankruptcy proceedings against Amtek Auto’s overseas assets

KKR has launched bankruptcy proceedings against Amtek Global Technologies, which owes the private equity firm close to $450 million in debtGlobal private equity giant KKR has launched bankruptcy proceedings against the...

04. August 2017

Climate-Neutral Driving: Continental Successfully Tests the Synthetic Diesel Fuel OME

• CO2 emissions reduced in proportion to the OME share: in the Continental diesel car, a 15 % OME share reduces CO2 emissions by approximately eight grams per kilometer • Entire technology chain being optimized, from the...

04. August 2017

USA - Solidscape S500 3D Printer Transforms Rapid Prototyping and Tooling for Precision Investment Casting

Swoosh Technologies - a partner of Solidscape, Inc - will be adding the new S500 3D printer to their hardware line. The high precision 3D wax printer can dramatically shorten production time and comes with various benefits for...

03. August 2017

Hydro acquires Sapa to create a global aluminium champion

Norsk Hydro has agreed with Orkla to acquire its 50 percent interest in Sapa for a total enterprise value of NOK 27 billion, giving full ownership in the global leader in extruded aluminium solutions and making Hydro a leading...

03. August 2017

USA - Alton Steel 2.0’: Company announces $4.75 million in upgrades

Alton Steel, Inc. has announced plans for a $4.75 million upgrade that will allow for the production of a new variety of processed steel.The plant, located in the southeast corner of the city, currently produces steel bars which...

02. August 2017

USA - EJ marks start of new foundry project

Infrastructure products manufacturer EJ last week hosted a groundbreaking ceremony for its new, $125 million foundry under development along U.S. 131 near Elmira.EJ, formerly known as East Jordan Iron Works, plans for the new...

01. August 2017

The bell tolls for Whitechapel Foundry, which made some of this nation's most beloved bells

What do churches in downtown Charleston and Sullivan's Island have in common with Independence National Historical Park in Philadelphia and London's Houses of Parliament?All have bells cast by Whitechapel Bell Foundry, which...

31. July 2017

HuntsmanClariant merger on track

• High confidence in meeting synergy target in excess of $400 million and $25 million tax saving target• Additional organic sales revenues of around 2% p.a. at approx. 20% EBITDA margin identified• Highly complementary product...

28. July 2017

Iranian, S. Korean private sectors ink 10 MOUs on technology transfer

Private sectors of Iran and South Korea signed 10 memorandums of understanding (MOUs) on Sunday for mutual cooperation and technology transfer. As IRNA reported, Iranian Deputy Minister of Industries, Mining and Trade Ali...

27. July 2017

BMW Group announces next step in electrification strategy

Flexible vehicle architecture to enable electrification of every model series +++ Fully electric MINI confirmed as MINI 3 door variant +++ Electric drivetrain Made in Germany, integrated into car in Oxford +++ - Flexible vehicle...

27. July 2017

CN - Aluminium China 2017 & Lightweight Asia 2018

The Aluminium China 2017, which held from July 19th to July 21st in SNIEC, has ended successfully by attracting over 21,590 professional industry visitors and buyers from 75 countries in total and around 500 exhibitors from 30...

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