Strategic Investment in Joinville The negotiated package includes an iron foundry, machinery, equipment, a 138-kV substation, land, and other assets in Joinville. Schulz had informed its shareholders in October about its intention to participate in the auction. Ovandi Rosenstock, Director of Investor Relations, stated: “The factory park and the business are strategically aligned with the company’s…

Reuters cited Mr Andre Gerdau Johannpeter CEO of Gerdau SA as saying that Brazilian steel makers face slower demand growth than expected as they struggle with higher costs and growing imports. He, on the sidelines of AMM's Steel Success Strategies conference in New York, told Reuters “Brazil steel consumption should grow by around 4% this year. It is not as much as we expected, but it is still some growth…

- Abrasive cutting machines - High-pressure grinding machines BRAUN is a specialized producer of state-of-the-art high performance abrasive cut-off machines (for cold and hot cutting, up to 2000 mm cutting wheel diameter) and high-pressure grinding machines for steels and non-ferrous metals. BRAUN technology is used in rolling mills, forges, special steel melt shops and foundries, pipe mills, peeling lines,…

After the already completed extension for high-grade products especially for auto-motive applications at their Dangjin integrated steel mill, the South Korean steelmaker Hyundai Steel now invests in downstream equipment. In connection with this increase in capacity, BRAUN Maschinenfabrik, the specialist for high performance cut-off machines and high-pressure surface grinding machines, has been awarded to…

BRAUN Maschinenfabrik GmbH is the leading producer of state-of-the-art cutting and grinding machines with associated material handling and automation systems for steels and non-ferrous metals. BRAUN was established in 1848. In regards to quality and technology, BRAUN has always been the market leader. Customer orientation, guaranteed delivery, extensive service and on-going research and development have…

Within 48 hours of each other, Mercedes-Benz and Volkswagen announced new car plant investments in Brazil. The two automakers, together with VW unit Audi (which made a separate announcement in September) will invest about the same amount each: BRL500m/US$230m each, totalling BRL1.52bn/US$690m. The first to complete its planning was BMW, almost two years before its rivals. Its plant will start producing here…

After a long and difficult period, the Brazilian industry is growing again. The third quarter started better than expected, and consultants are predicting a gradual recovery in the coming months. Proof of this is the constant growth presented in the last three years, in which the sector grew 16% between 2016 and 2019. The market of castings, according to the Brazilian Foundry Association (ABIFA), is driven…

From staff reports Blue Ridge Community College announced Thursday the creation of its Southeastern Advanced Molding Technology Education Center (SAMTEC), set to open in January. Fueled by a joint venture announced recently by Swiss Company Georg Fischer (GF) and Canada-based Linamar, the SAMTEC job-training initiative is specifically designed to meet the training needs of GF Linamar’s new high pressure die…

Columbus Castings, the biggest steel foundry in the nation, has told its employees they could lose their jobs, though efforts are under way to sell and continue the business. Executives of the south side manufacturer and employer of 750 workers informed employees Wednesday about the developments and are expected to give them formal notice as soon as Thursday, said Nick Crandall, Columbus Castings' human…

Brembo, a global leader in braking systems, celebrates the end of the 60 th year since its foundation in the best way, confirming its technological supremacy in motorsport with 62 world titles achieved in the major two and four wheel competitions in 2021. The Bergamo-based company reaches a new record. Throughout its 47 years of global presence in the different racing competitions, the company has never won…