Wales Online reported that an ecstatic Mr Carwyn Jones has returned from a trade mission to India with the promise of up to GBP 800 million investment in Wales from TATA Steel over the next five years. The announcement follows a meeting in Mumbai between Mr Jones and TATA vice chairman Mr Balasubramanian Muthuraman. Mr Jones said that "I was delighted to meet Mr Muthuraman and to reaffirm personally the…

ET reported that Indian operations of Japanese car giant Toyota is understood to have asked its parent to consider setting up of a diesel engine plant here, buoyed by the rapidly increasing demand for diesel vehicles. According to sources, Toyota Kirloskar Motor, the Indian joint venture with the Kirloskar Group has put forward its proposal to set up a diesel engine plant in the country after the Budget for…

The first ever mega gathering of steel technology & equipment suppliers and steel makers Steel Technology Conclave was inaugurated on April 16th 2012 by Mr S Machendranathan, Additional Secretary & Financial Advisor Ministry of Steel Government of India at The Leela Kempinski Gurgaon. Guest of honour Dr SR Jain Former Chairman of SAIL called upon the technology suppliers to support the Indian steel makers…

Recently, it's received from the committee of Phoenix Automation Application Competition in Germany, the project researched by a group which consist of three advanced technical person which is Mr Wang Hui, employee of Environment Department of Baosteel Energy, Mr Qin Tong employee of Iron make factory and Mr Zhou Yao employee of coll rolled mill and led by Mr Li Yimin a teacher of Human Resource Development…

For the 2012-13 business year just begun, voestalpine is increasing R&D expenditure to a record level of EUR 132 million. Despite economic crises and cost reduction programs, over the past decade expenditure in this key area has increased by 11% per annum on average. 60 years have passed since the Linz Donawitz (basic oxygen) process was developed, and the group intends to continue to extend its…

Financial Chronicle reported that Essar Steel is planning to acquire coking coal mines in Africa or Australia to help the company that has few captive sources of crucial raw materials integrate backward to protect its profit margins. Mr Dilip Oommen MD and CEO of Essar Steel told Financial Chronicle that “Given the uncertainty on mining, it is important to secure our raw material supply. Like other players…

General Kinematics Spira-Cool Vibratory Casting Cooling spirals save you space and reduce your foundation and maintenance costs. Custom designed to your process, each Spira-Cool can replace over 400 feet of vibrating casting cooling conveyors in a single, small footprint. Our patented air chamber design cools castings efficiently and quietly. The vibratory spiral design shuffles castings in an oriented path…

“Superior Clamping and Gripping” are the words Schunk GmbH has chosen to characterise its strategic focus for the coming years. And to promote visibility during this period, the machine engineering company has named soccer goalkeeper Jens Lehmann its brand ambassador. At a press conference, the specialist for clamping technology and gripping systems presented an overview of its strategy. Until 2020, the…

Reuters reported that China Baoshan Iron & Steel will keep its main steel product prices unchanged for May bookings, mirroring its caution over slower growth in steel demand. It was the third time for the Shanghai-based company to keep prices flat after leaving them unchanged for April. Baosteel pricing moves are regarded as a bellwether for the industry. The company earlier warned that the Chinese steel…