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ISG Look to Acquire the Assets of Bethlehem Steel

International Steel Group have announced that they have made a bid to acquire all the assets of Bethlehem Steel. If the deal is approved by Bethlehem Steel and goes ahead, the new company will become the largest integrat...

7 Jan 2003

Rhodia Completes Sale of Eurpoean Basic Chemicals Activities

Rhodia have just completed the sale of their industrial and commercial activities in Europe related to basic chemicals. These businesses were sold to Bain Capital, an investment firm. The sale involves business units ...

6 Jan 2003

Xstrata Complete Acquisition of Nordenham Zinc Smelter

Following the announcement of its intention to acquire the Nordenham Zinc Smelter from Metaleurop, announced on December 12, 2002, Xstrata have successfully completed all necessary requirements and have concluded the tra...

6 Jan 2003

Polymer Group Expect to Emerge from Bankruptcy within 50 Days

Polymer Group Inc, have announced that the company’s Joint Second Amended Modified Plan of reorganisation has been approved by the US Bankruptcy Court. The plan for Chapter 11 Bankruptcy was approved by creditor...

6 Jan 2003

Placer Dome Completes Acquistion of Aurion Gold

Placer Dome, through its wholly owned subsidiary Placer Dome Asia Pacific Ltd have completed the acquisition of Aurion Gold. Aurion Gold is now owned 100% by Placer Dome, with the acquisition being concluded on Decemb...

6 Jan 2003

Slater Steel Successfully Start Up Lemont Rolling Plant

Slater Steel have successfully recommissioned their recently acquired rolling mill facility, Slater Lemont in Illinois, USA. The plant has been idle since February 2001, and Slater intend to commence trials on various...

6 Jan 2003

Korea Zinc to Build 7th Ausmelt Furnace

Ausmelt have just signed a contract to construct a seventh furnace for Korea Zinc, the world’s largest manufacturer of zinc metal. They will use the furnace to treat copper secondary materials and to recover cop...

6 Jan 2003

Alcan Sign Agreement to Buy VAW Packaging

Following the press release of late November, Alcan have signed a definitive agreement with Norsk Hydro to purchase VAW Packaging (FlexPac). They expect to gain approvals for the acquisition during the first half of 2003...

6 Jan 2003

Simula Awarded Patent for Body Armour Technology

Simula have been granted a patent for their latest body armour design. Their light weight design offers the wearer protection from handgun attacks. The soft design, utilises Simula’s ballistic fabric architectur...

20 Dec 2002

SGL Carbon to Appeal 27.75 Million Euro Fine

SGL Carbon intend to lodge a second appeal against the European Commission fine of 27.75 million Euro fine imposed on them following an investigation into the graphite industry. The investigations which have been ongo...

19 Dec 2002

Sumitomo and Mitsui Chemical Companies Merger Approved

Japan’s Fair Trade Commission have approved the merger between Sumitomo Chemical Co and Mitsui Chemicals Inc, with certain conditions. The merger will create the worlds fifth largest chemical company and Japan&rsqu...

19 Dec 2002

LG Chem Become World's 3rd Largest ABS Producer

LG Chem, Korea’s largest chemical company have just become the third largest producer of Acrylonitrile Butadiene Styrene (ABS) after completing expansions to both Korean and Chinese operations. They now boast an AB...

18 Dec 2002

DuPont and UDC to Jointly Develop PHOLED Technology

DuPont and Universal Display Corporation (UDC) have agreed to jointly develop a new generation of soluble Organic Light Emitting Diode (OLED) materials and technologies. They intend to combine the ground breaking work...

18 Dec 2002

3M Complete Acquisition of Corning Precision Lens

3M have completed their acquisition of Corning Precision Lens Inc. Cincinnati based Corning Precision Lens are the largest producer of lens systems for rear projection televisions in the world. Corning Precision Lens ...

18 Dec 2002

Noranda Postpone Development of Zinc Deposit

It was announced today that Noranda will postpone plans to development of the Perseverance Zinc deposit located near Matagami, Quebec, Canada. Noranda have sighted depressed zinc prices and their current finacial situ...

17 Dec 2002