There are signs that Japan's ferrous scrap export prices have returned to a relatively low level in the repercussions of a depreciating yen against the US dollar in the foreign exchange market, according to the parties concerned. On the afternoon of Feb 6, the exchange market indicated a temporary quotation of one US dollar to the level of JPY 94, a marked depreciation of the yen for the first time in two…

FerroPem is proud to announce the launch on the market of 3 new inoculants ! It has been more than 25 years since a new inoculant was fully developed and launched on the market… the last one was Spherix®… already by FerroPem (called PEM at that time). Today we present you one of these three new inoculants : Spherix+® (or SpherixPlus®) ! This inoculant is based on a complete new chemistry elaborated and…

Booth J14 - ZPF Group is global supplier of tailor-made, high-quality melting and holding as well as dosing furnaces for NF light metals – focussed on aluminium. ZPF Group includes ZPF Therm Maschinenbau GmbH, ZPF Services GmbH, ZPF Foundry4 GmbH, ZPF Asia Pacific and ZPF Industrial Furnaces Ltd. in China with own market responsibility. ZPF plants feature the most efficient technology in the market, with…

Global research organisation Frost & Sullivan has presented a Customer Value Enhancement Award to motor manufacturer WEG, following its Best Practices Research programme. The 2012 European Electric Motors for Water and Waste Water Customer Value Enhancement Award is a prestigious unbiased, third-party recognition of WEG's accomplishments in supplying electric motors to a fundamentally important industry.…

Another Syracuse manufacturer is closing its doors, taking nearly 90 jobs with it. Oberdorfer Aluminum Casting Foundry has announced plans to shut down, citing economic reasons for the decision. The plant on Thompson Road produces cast aluminum component parts and has been in business for more than a century. It currently employs 86 people, all who will lose their jobs. The foundry's last day of operation…

Ruukki is to deliver the steel frame and envelope structures for Mälarenergi's new combined heat and power (CHP) plant to be built at Västerås in Sweden. Ruukki's customer is Metso Corporation, which is responsible for supplying the world's largest recoverable fuel fired boiler for the project. The total value of Ruukki's deliveries for the project is around € 12 million. Ruukki is responsible for delivery…

Economic Times reported that Mytrah Energy Limited gears to become the largest wind based independent power producer in India by installing a capacity of 310 MW of power from wind assets. In Andhra Pradesh the company has a total capacity of 63 MW of wind assets in Vajrakarur in Anantapur district. Over INR 400 crore has been invested for the project in Vajrakarur. A capacity of 37.4 MW in Burgula in…

Koelnmesse to continue organizing India's leading foundry trade fair Institute of Indian Foundrymen (IIF) commissions Koelnmesse until 2017 Koelnmesse is further strengthening its position in the Indian trade fair market. The company's Indian subsidiary, Koelnmesse YA Tradefair, has been commissioned to continue organizing two trade fairs in India: IFEX, India's leading exhibition on foundry technology,…

According to the data released by the German Association of the Automotive Industry, In January this year, new passenger car registrations in the German market remained stable year on year at 192,100 units and were down six percent compared to December 2012. During January this year, a total of 310,700 passenger cars were exported from Germany, decreasing by eight percent compared to January 2012 and up…

Nissan said that its net profit during October to December quarter tumbled 34.6% from a year earlier but the Japanese automaker kept its full year profit forecast unchanged. The company said that it earned JPY 54.1 billion during the period on sales of JPY 2.21 trillion, down 5.3% YoY. It expects to book a net profit of JPY 320 billion in the fiscal year to March. Nissan’s global vehicle sales slipped 3.8%…