BASF have invested in Korean plastic film manufacturer I-Components. Through their venture capital investment company BASF Venture Capital GmbH, they will provide I-Components with 2.5 million Euros. STIC Ventures is ano...
Nippon Steel is to increase its involvement with the privately owned British steel company, LNM. Through this alliance, they plan to increase their supply of sheet metal into the US automotive industry.
Nippon Steel w...
Japan’s Kuraray Co are to increase their production capacity of thermoplastic elastomers, in particular hydrogenated styrene elastomers from their Kashima plant.
The capacity increase will see production rise 4,...
Swedish-based Trelleborg Group have completed their acquisition of Polymer Sealing Solutions from the UK’s Smiths for approximately £495 million. The acquisition will form a new business division which will b...
Korea's Posco have started construction of China’s largest automotive steel sheet processing facility, Posco Suzhou Automotive Processing Center Co. Ltd.
The new facility is located in the city of Kunshan, n...
JFE Steel and Guangzhou Iron and Steel Enterprises Holdings have agreed to set up a joint venture that will produce and market hot dipped galvanised steel sheets for the automotive industry.
The facility will be locat...
Auto giant General Motors and the United Auto Workers have finally reached a tentative agreement, which it is hoped will form the basis for a four year labour agreement.
Under the terms of the agreement, GM has three ...
Norsk Hydro are set to close their Hydro Aluminium Motorcast Ltd plant in Leeds, UK. The plant is scheduled to cease operations in early 2005 pending the outcomes of negotiations.
The closure was brought about by the ...
Plastics processing equipment supplier, Milacron have sold their Talbot round tool business to Harpoint Holdings. Details of the transaction were not disclosed.
The Talbot stable includes brands such as Data Flute CNC...
Ohio (USA) – based WCI Steel have filed for protection under Chapter 11 of the bankruptcy code. This adds another chapter to the demise of the American steel industry.
WCI had been carrying out restructuring prior to ...
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