Hascor and Shieldalloy Metallurgical Form Alliance
May 30, 2006
The Hascor International Group and Shieldalloy Metallurgical Corp. reached an agreement to form a strategic alliance to supply ferroalloy powders to wear plate, welding electrode, and powder-metallurgy producers in the U.S. and Canada. The long-term alliance is effective immediately. The Hascor International Group (http://www.grupohascor.com), based in Tampico, Mexico, produces ferroalloy powders and nitrogen-bearing alloys. Shieldalloy Metallurgical Corp. ( http://www.shieldalloy.com), a member of the Metallurg Group of companies, produces specialty metals with operations in Brazil, the U.S., and the UK. As part of the alliance, Shieldalloy will transfer powder production equipment from its Newfield, N.J. facility to Hascor, which will allow Hascor to expand its production capacity and product portfolio.