SK On to expand South Korean facility
SK On will spend won 1.5 trillion to build a third factory at its battery production facility in South Korea.
SMS Group receives cold pilger mill order from TUBACEX
Tubacex S.A., a global manufacturer of seamless stainless steel tubes, has placed an order with SMS group for a cold pilger mill, type KPW 290 L, at its new greenfield site close to Abu Dhabi.
CTA acquires Raccortubi Group
CTA Group acquires 100% of Raccortubi Group. The operation seals the strategic alliance and the fruitful collaboration already started in 2020 and strengthens the positioning of both companies.
Tangshan Steel develops acid-resistant pipeline steel
The first batch of 18.55mm highest grade acid-resistant pipeline steel X65MS developed by Tangshan Iron and Steel Company of HBIS Group has successfully passed the SSC test which is for resisting H2S and other acid gas corrosion.
Borr Drilling secures LoA for 2 jack-up rigs
Offshore drilling contractor Borr Drilling has secured letters of award (LOA) for two premium jack-up drilling rigs, which increase the company’s firm backlog by approximately 421 days, excluding optional periods.
Tenova roll grinders selected for Vietnamese mill
Vietnam’s Hoa Phat Group has contracted Tenova Pomini to supply roll grinders at the steelmaker’s new hot rolling mill in Dung Quat, Quang Ngai province.
Masdar plans to develop 2GW clean energy in Malaysia
Abu Dhabi Future Energy Company – Masdar, the UAE’s clean energy powerhouse, and Citaglobal Berhad, have tied up for the joint development of 2GW renewable energy projects in Malaysia.
Union Steel Ministry frames new stainless steel policy
The Union steel ministry has started industry consultations to frame India’s first stainless steel policy. The policy will aim to raise domestic capacity by nearly fivefold by 2047, from the current 6.6 million tonnes (mt) to 30 mt.
thyssenkrupp Uhde secures a contract from BASF
thyssenkrupp Uhde Thailand has been awarded a contract by BASF for engineering services and proprietary equipment supply for its new non-ionic surfactant (NIS) plant at its Zhanjiang Verbund Site Project, Guangdong Province, China.
Conares signs a partnership with C&D
Conares has officially announced a partnership with C&D. This groundbreaking collaboration will empower the Chinese corporation to distribute high-quality steel from China in the GCC region.