Supply Chain

  • Abakan seeks $7.5M to fund business plan Aug 21, 2014

    Abakan Inc. is looking to garner $7.5 million from a private offering of up to 18.75 million shares in order to support ongoing operations, retire outstanding debt and bolster product development.

  • Nasmyth expands into US with deal for metal finisher Aug 20, 2014

    Nasmyth Group Ltd. has expanded into the United States with the acquisition of aerospace specialist Technical Metal Finishing Inc.

  • Fire erupts at Alexandria’s Ind. extrusion facility Aug 20, 2014

    A pre-dawn fire erupted Aug. 19 at Alexandria Extrusion MidAmerica’s facility in Indianapolis.

  • Kennametal’s top executive to retire Aug 20, 2014

    Kennametal Inc. chairman, president and chief executive officer Carlos Cardoso will retire effective Dec. 31, the company said.

  • Expliseat wins award for light airline seat Aug 20, 2014

    Expliseat SAS has won the International Titanium Association’s (ITA’s) application development award for a new commercial airline seat that the company claims weighs one-third the amount of conventional seats.

  • Evans Industries’ deal adds to nonferrous foundry reach Aug 20, 2014

    Private equity firm Evans Industries Inc. has acquired Meloon Foundries Inc. after the owners of the nonferrous foundry chose to retire from the business.

  • Evermetal sued for allegedly failing to pay fees Aug 19, 2014

    A California freight forwarding company has sued a major containerized scrap exporter for allegedly failing to pay overdue fees.

  • A.M. Castle's credit rating outlook cut Aug 19, 2014

    A.M. Castle & Co.’s credit rating outlook has been lowered to negative from stable by Standard & Poor’s Ratings Services (S&P), which cited weak operating results and potential refinancing risk.

  • Hitachi Metals to acquire Waupaca Foundry Aug 19, 2014

    Hitachi Metals Ltd. has agreed to acquire Waupaca Foundry Inc., the world’s largest supplier of iron castings, from private equity firm KPS Capital Partners LP for $1.3 billion.

  • Dynacast earnings soar on stronger second-qtr. sales Aug 19, 2014

    Zinc and aluminum die cast producer Dynacast International Inc. reported improved second-quarter results on a strong performance in North America and Europe, particularly a recovery in southern Europe and strong sales at its operations in Germany and the United Kingdom.

  • US, Canadian stainless shipments rise again Aug 18, 2014

    North American stainless steel shipments continued to show strength in July, according to the latest Metals Service Center Institute (MSCI) data, although distributor sources told AMM there have been some signs of softening end-market demand.

  • Boeing weighs boosting 737 output Aug 18, 2014

    Continuing strong demand for Boeing Co.’s 737 is spurring its builder to consider yet another increase in the airliner’s production rate, which would mean still-greater demand for aerospace aluminum alloy plate.

  • Autos help fuel aluminum shipment gains Aug 18, 2014

    North American service center aluminum shipments inched up last month as strong demand from a number of key markets, including automotive, aerospace and building and construction, continued to drive orders higher.

  • GM eyeing $27.3M investment in Ind. Aug 18, 2014

    General Motors Co. is assessing a potential $27.3-million investment at its casting plant in Bedford, Ind., as the automaker looks to overhaul and upgrade equipment used to manufacture aluminum transmission components.

  • Trinity Industries finalizes Meyer Steel buy Aug 18, 2014

    Trinity Industries Inc. has completed its $600-million acquisition of Meyer Steel Structures, the utility steel structures division of Thomas & Betts Corp.

  • Workers at Jorgensen Forge vote to join union Aug 16, 2014

    Workers at Jorgensen Forge Corp. have voted by a three-to-two margin to join the International Association of Machinists and Aerospace Workers (IAM).

  • Panama Canal project will use 121,200 tonnes of steel Aug 16, 2014

    Expansion of the Panama Canal has entered its final stages after the Panama Canal Authority and the Grupos Unidos por el Canal signed an agreement for the completion of the “third set of locks project.”

  • AARP joins suit vs. Spirit Aerosystems Aug 15, 2014

    An age and medical discrimination complaint filed against Spirit AeroSystems Inc. by its largest white-collar union has been joined by an affiliate of AARP Inc.

  • Empire Resources profits soar in 2d qtr. Aug 15, 2014

    Empire Resources Inc.’s net income surged in the second quarter due to stronger sales, particularly to Latin America.

  • Other distributors said defrauded by supplier Aug 15, 2014

    Lawrence Holdings Inc. (LHI) has alleged that distributors in California and Indiana also were defrauded by a supplier of enterprise resource planning (ERP) software.

  • Port of Oswego aluminum shipments to rise Aug 15, 2014

    Shipments of aluminum products through the St. Lawrence Seaway to the Port of Oswego in New York are expected to increase by 30 percent this year, according to the Chamber of Marine Commerce.

  • Boeing breaks ground on 777X wing facility Aug 15, 2014

    Boeing Co. has broken ground on a facility to build the composite wing of the new 777X.

  • Olympic sees specialty metals fueling growth Aug 14, 2014

    Olympic Steel Inc.’s specialty metals division has grown significantly, and the metals service center expects that to continue due to strength in automotive aluminum and stainless products, the company’s top executive said.

  • Ryerson’s profits surge in second quarter Aug 14, 2014

    Ryerson Holding Corp.’s earnings soared in the second quarter, due in part to increased sales and higher pricing.

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