Supply Chain RSS

  • Ellwood-Scot venture to install forging press May 07, 2014

    North American Forgemasters is spending more than $80 million to install a new press for large steel forgings.

  • Auto exec wary of aluminum use in pickups May 07, 2014

    Fiat Chrysler Automobiles (FCA) has flagged "reservations" about the use of aluminum for its lineup of pickup trucks, including the 2017 update to its Ram truck, chief executive officer Sergio Marchionne said during an earnings conference call May 6.

  • Russel bullish on plate after solid 1st quarter May 07, 2014

    Steel plate prices are a bright spot for Canadian service center chain Russel Metals Inc. and should remain so in the near term.

  • Reshoring drive bolsters Caterpillar, O’Neal ties May 07, 2014

    Reshoring efforts at Caterpillar Inc. have translated into more business and an expanded supply relationship for O’Neal Manufacturing Services (OMS).

  • Freeport selling Eagle Ford shale assets May 07, 2014

    Freeport-McMoRan Copper & Gold Inc.’s oil and gas subsidiary is selling its Eagle Ford shale assets in Texas for $3.1 billion to a subsidiary of Canada’s Encana Corp., the company said May 7.

  • Postle Aluminum expands Mich. extrusion plant May 06, 2014

    Postle Aluminum Co. has commissioned a new 7-inch extrusion press and vertical wet coat paint line at its extrusion plant in Cassopolis, Mich.

  • FreightCar America's loss swells in 1st qtr. May 06, 2014

    Harsh winter weather contributed to a more than doubling in FreightCar America Inc.’s first-quarter net loss, although the rail car builder sees signs of recovery in its key coal car market.

  • Weber’s aero press key for capacity: Creed May 05, 2014

    Bullish aircraft demand projections as well as larger forgings required for a new generation of airliners have created a market for a new 60,000-ton aerospace forging press planned by Weber Metals Inc., the company’s top executive said.

  • Spirit’s net soars in qtr. on stronger deliveries May 05, 2014

    Spirit AeroSystems Holdings Inc.’s net income soared 89.2 percent in the first quarter, due in part to stronger deliveries.

  • Aluminum not priced out of auto market: exec May 05, 2014

    Novelis Inc. lambasted an analyst’s claim that aluminum usage in automotive production is unlikely to exceed steel usage until cost efficiencies improve.

  • TMW enters venture to make, market EPS in China, Korea May 05, 2014

    Reverberations from the high-stakes industrial cleanup campaign being waged by the Chinese government have reached all the way to Red Bud, Ill., where Material Works Ltd. (TMW) has teamed with Zhejiang Jingu Co. Ltd. to form TMW Jingu Environmental Protection Equipment Manufacturing Co. Ltd.

  • Gibraltar narrows loss, sees orders picking up May 05, 2014

    Gibraltar Industries Inc. drew red ink in the first quarter due to the cold winter that froze much of North America, although it narrowed its loss by 42.8 percent compared with a year earlier.

  • L.B. Foster expects earnings to increase after chilly 1st qtr. May 05, 2014

    Cold weather chilled L.B. Foster Co.’s earnings in the first quarter, but the company expects to rebound as the mercury rises and business activity improves.

  • Ford slates Ohio plant closure for year-end May 05, 2014

    Ford Motor Co. plans to close its Walton Hills, Ohio, stamping plant by the end of the year.

  • Superior’s net dips on higher expenses May 02, 2014

    Superior Industries International Inc.’s net income slipped 2.3 percent to $4.82 million in the first quarter from $4.93 million in the same period last year due in part to increased selling, general and administrative expenses.

  • MRC logs lower earnings in quarter but remains upbeat May 02, 2014

    MRC Global Inc.’s profits fell 49.1 percent in the first quarter as its line pipe business was hit by adverse weather, but the company remains upbeat as conditions improve.

  • Euramax appoints Vansant to lead North America unit May 02, 2014

    Euramax Holdings Inc. has appointed R. Scott Vansant president of Euramax North America.

  • Greenbrier wins second barge order May 02, 2014

    An order for a second oceangoing barge will continue to boost a marine backlog at Greenbrier Cos. and increase steel plate requirements in the Pacific Northwest.

  • NOV distribution spin-off gets OK May 02, 2014

    National Oilwell Varco Inc.’s (NOV’s) directors have approved the spin-off of its distribution business, which will be named NOW Inc. and headquartered in Houston.

  • Oxbow Steel changes name to Optima Steel May 01, 2014

    Oxbow Steel International LLC has become Optima Steel International LLC, completing its name change following a 2013 management buyout from former parent company Oxbow Carbon & Minerals Holdings Inc.

  • Alcoa inks deal with Spirit AeroSystems May 01, 2014

    Alcoa Inc. has signed a long-term agreement to supply aluminum sheet to Spirit AeroSystems Inc., the company said May 1.

  • Drew’s earnings jump on stronger RV sales May 01, 2014

    Drew Industries Inc.’s net income surged in the first quarter due mainly to a 16-percent increase in sales in its recreational vehicles (RV) segment, the company said during an earnings conference call May 1.

  • Shale-Inland acquires Calif. valve distribution company May 01, 2014

    Shale-Inland Holdings LLC has acquired Flomax Products Inc., a distributor of small-diameter valves and actuators to the petrochemical, chemical, mining, refining and food and beverage industries, for an undisclosed amount.

  • Fields to succeed Mulally at Ford helm May 01, 2014

    Ford Motor Co. has tapped Mark Fields to take the company’s helm, succeeding Alan Mulally, who is retiring as president and chief executive officer July 1, the company said May 1.

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