Supply Chain

  • 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.

  • Judge triples MM Steel jury award Apr 30, 2014

    A federal judge has awarded MM Steel LP triple damages, or $156 million, in an antitrust lawsuit against a number of service centers and steel mills.

  • Copper consumer demand strengthens in 2014 Apr 30, 2014

    Lead times for copper products have lengthened this year, with consumer demand showing strength across several end markets.

  • Stebbins succeeds Borick at Superior Apr 30, 2014

    Superior Industries International Inc. has appointed Donald J. Stebbins president and chief executive officer, effective May 5, succeeding Steven J. Borick, who retired at the end of March.

  • Olympic Steel upbeat on sheet prices Apr 30, 2014

    Olympic Steel Inc. is seeing robust flat-rolled pricing following recent supply disruptions in the sector, according to a top executive.

  • MRC Global unit inks supply contract with ConocoPhillips Apr 30, 2014

    MRC Global Inc.’s McJunkin Red Man Corp. subsidiary has signed a five-year contract with ConocoPhillips Co. to supply pipe, valve and fitting (PVF) products for maintenance, repair and operations at the Houston-based company’s operations in the lower 48 states.

  • Boeing reviewing sanctions set on Russian titanium exec Apr 29, 2014

    Boeing Co. is “reviewing” the impact of the U.S. government’s expanded Ukraine-related sanctions against individual Russians that include a top executive of one of its major titanium suppliers.

  • Mergers altering terrain for centers: Immell Apr 29, 2014

    Consolidation in the copper service center industry and price increases by mills have affected the way service centers function, former Copper and Brass Servicenter Association president Scott F. Immell said.

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