Germany’s SMS group is investing in the acquisition of shares in two Brazil-based companies, Viridis and Vetta, expanding its market presence in Latin America. Part of the transaction is the merger of these two Brazilian companies to create a competency center for industrial digitalization, with emphasis on efficiency and sustainability technologies. The new business will operate under the name Vetta in conjunction with SMS digital, an SMS group subsidiary specialized in digital solutions.
When I realized that my metallurgical career began four decades ago in May, I decided to take a look at one 40-year career in this field. A motivation to do so is some recent condescension of Baby Boomers by younger generations because we have not had it as tough as they. That may be true, but I’ll let you decide.
Tokai Carbon GE LLC, a manufacturer of graphite electrodes for the U.S. steel industry, plans to create up to 15 full-time jobs with a $25 million investment in its facility in Hickman, Ky. The investment would cover the cost to install new equipment, which will allow the company to increase production to better serve customers throughout the U.S. Tokai Carbon GE LLC is a subsidiary of Tokai Carbon Co., which is headquartered in Tokyo, Japan. Tokai Carbon purchased the U.S.-based graphite electrode business of SGL Carbon in November 2017 and operates production facilities in Hickman and Ozark, Ark. The Tokai Carbon Hickman site currently employs 50 people.
HarbisonWalker International (HWI), a supplier of refractory products and services, completed the first phase of a $9 million expansion at its manufacturing operations in White Cloud, Mich. The project will significantly increase warehousing space and add advanced-manufacturing and hydraulic press technologies. HWI’s 110,000-square-foot White Cloud facility currently employs approximately 140 people and produces brick and monolithic refractories utilized by the steel industry.
Tata Steel and thyssenkrupp AG signed a definitive agreement to create a new company by combining their European steel businesses in a 50/50 joint venture. This follows the signing of a Memorandum of Understanding in September 2017. The proposed new company, to be named thyssenkrupp Tata Steel B.V., will be positioned as a leading pan-European high-quality flat-steel producer. The joint venture will be managed as one integrated business through a holding company headquartered in the Amsterdam region of the Netherlands.
The introduction of additive-manufactured (AM) advanced silicon carbide (SiC), including 3D-printed shapes, opens up a new window of opportunity for end-users, designers and manufacturers of high-temperature heating equipment.