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Worthington/Viking Form Steel Joint Venture

Worthington Industries and Viking Industries have formed a joint venture that will be located in Ohio, USA. Viking Industries will hold 51% of the joint venture, with Worthington Industries holding the balance. The jo...

10 Jul 2003

Cabot Opens Thin Film Research Facility

Cabot Supermetals, a business of Cabot Corp has opened a new facility in Ohio, USA for the development of materials for thin film applications. The facility will be located in the Business Technology Center, Ohio, a b...

9 Jul 2003

Republic Technologies Plant and Pittsburgh Tool Steels Operations to be Combined

After having purchased the dormant Republic Technologies plant in Beaver County in June, BVV Acquisitions have just acquired Pittsburgh Tool Steel for an undisclosed price. BVV’s intention is to combine the two ...

9 Jul 2003

Alcan in Hostile Take Over Bid for Pechiney

In an attempt to cement its position as one of the worlds largest aluminium and packaging companies, Alcan intends to make an unsolicited offer to acquire Paris-based Pechiney. If successful, they would combine to form t...

8 Jul 2003

Russel Metals Acquire Leroux Steel

Leroux Steel stock and debt holders have unanimously supported the $185million takeover bid of Russell Metals. The deal has also been approved by Canada’s Federal Competition Bureau. The acquisition of Quebec-ba...

7 Jul 2003

Reliance Steel Completes Precision Strip Acquisition

Reliance Steel and Aluminum has just completed its acquisition of Ohio-based Precision Strip Inc for approximately $220 million, including about $26 million of debt. Precision Strip is a metals processing operation co...

7 Jul 2003

Smorgon Steel Pursue International Expansion Strategy

Following its strategy for international expansion, Smorgon Steel has announced that it will acquire a scrap metal business and open a trading office in India. Pending due diligence, Smorgon Steel have agreed to purch...

4 Jul 2003

Universal Alloy to Double in Size

Aircraft part manufacturer Universal Alloy has announced its plan to double the size of its Canton, Georgia, USA, plant, in the process adding some 150 jobs. The plant is currently geared up to make fuselage parts for...

4 Jul 2003

Timken Sell Share in NSK Joint Venture

Timken have agreed to sell their share in their needle bearing joint venture with NSK for $146 million. Timken acquired the share in the Japanese joint venture when they purchased bearing manufacturer Torrington. At t...

From The Timken Co. 3 Jul 2003

LG Chem to Build $15m Polarizer Plant in China

LG Chem has signed a deal with Nanjing City in China to set up a local subsidiary to produce TFT-LCD polarizers. The project will see LG Chem invest $15 million until 2004, for a facility with capacity of 14 million s...

3 Jul 2003

Alcan Complete Acquisition of Composites Materials Manufacturer Baltek

Alcan have just completed their acquisition of composite materials manufacturer Baltek. The $35 million deal closed after having been approved by Baltek shareholders. Following the acquisition, Baltek will be renamed ...

2 Jul 2003

Why Do Liquid Metals Resist Solidification?

NASA funded research has yielded the first proof of why liquid metals resist the transformation into solids and in the process have validated a 50 year old hypothesis. This phenomenon was observed by German physicist ...

2 Jul 2003

Air Products to Acquire Ashland’s Electronic Chemical Business

Air Products have signed a definitive agreement to acquire the electronic chemicals business of Ashland Specialty Chemical Company. The deal is worth approximately $300 million, with closing dependent on regulatory appro...

1 Jul 2003

BHP Steel to Change Name

Following its demerger from BHP Billiton, BHP Steel Ltd will be changing its name during the year 2003/4. BHP Steel licensed the acronym "BHP" from BHP Billiton at the time of the demerger until June 30, 200...

1 Jul 2003

IPL Plastics to Suspend Production at Ontario Plant

Canadian-based IPL Plastics will suspend operations at its Ontario plant on September 5. The company has cited a poor sales outlook for the suspension which will result in 150 workers being laid off. Other factors tha...

30 Jun 2003