GE Industrial Systems, a division of General Electric has signed an agreement to purchase NovaSensor Inc, a provider of high-technology products and services to the automotive, space, medical and industrial processes mar...
GKN Sinter Metals has just completed its acquisition of Mahindra and Mahindra Limited’s 51% share in Mahindra Sintered Products Limited (MSPL). The acquisition cost GKN US$13.33 million and gives GKN a 100% shareho...
The Swiss industrial group Gurit-Heberlein has agreed to acquire UK-based composites company SP Group. The acquisition involving cash and shares will come into effect on September 1.
The deal suited SP’s desire ...
Dofasco has signed a letter of intent to acquire the assets of LTV’s Marion, Ohio automotive tubular manufacturing facility.
LTV filed for Chapter 11, voluntary bankruptcy on December 29, 2000. The acquisition o...
Following the collapse of LTV Steel, Sumitomo Metals will be pulling out of L-S Electro-Galvanizing (LSE), the joint venture it established with LTV in 1985. Sumitomo intends to sell its 40% share in LSE to AK Steel Corp...
On June 14th, Posco commenced work on their new tailored welded blanks (TWB) plant at the Kwangyang Works. When completed, the plant will have a capacity of 1.7 million sheets.
The first phase of construction will inv...
Japans, Nippon Steel, together with Europe’s Arcelor, will jointly assist Tata Steel of India to develop steels for the Indian Automotive market. After this primary goal has been achieved, the second target will be...
Collaboration between scientists at DuPont and the University of North Carolina has resulted in a new processing technology for the manufacture of Teflon fluoropolymer.
The new technology differs from the existing tec...
BP have just opened their first large-scale self reinforced polypropylene composite (Curv TM) plant. The facility has been integrated into the BP fabrics and fibres division at Gronau in Germany.
The plant will initia...
Leading bearing manufacturers NSK and Timken Company are to form a joint venture and set up a manufacturing operation near Shanghai in China. Construction of the plant will commence later this year, with production due t...
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