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Airgas Reports First Quarter EPS of $0.66
? Sales down 12 percent, same-store sales down 17 percent ? Effective expense reductions mitigate impact of sales decline; operating margin of 11.0 percent ? Diluted EPS of $0.66, down 19 percent, consistent with Company guidance ? Adjusted cash from…
European Unemployment on the Rise
Unemployment in the Euro-area (the 16 countries currently using the euro as currency) rose to 9.5 percent according to a report recently released by Eurostat, the Statistical Office of the European Communities. This marks the highest unemployment rate in a…
With Bankruptcy Over, What's Next for GM'
Now that General Motors Corporation (GM) (Detroit, MI) has emerged from its 40 days in the hole, so to speak, it's time for the new GM to step forward and make the necessary changes to get the automotive giant back…
India's SAIL and RINL to Boost Steel Production with $14 Billion Investment
Leading Indian steel manufacturers, Steel Authority of India Limited (SAIL) (New Delhi) and Rashtriya Ispat Nigam Limited (RINL) (Faridabad, Haryana) are currently undertaking capacity expansion programs to increase combined steel production from the companies' present 17.4 million tons per year…
China's Import and Export Value Drops 17.7 percent Year Over Year in June
In June 2009, the import and export value in China reached $182.57 billion, a drop of 17.7 percent year over year, or an increase of 11.2 percent over the previous month when the export value reached $95.41 billion, a drop…
Aluminium Long-Term Outlook Q2 Update
According to Brooke Hunt & Associates, Ltd. (Surrey, England), a consulting firm to the base and precious metal industries and markets, industrial production growth is set to average 3.1 percent p.a. over the period 2009 to 2020, up slightly from…
Metal Powder Society Names Fellow
APMI International, professional society for the powder metallurgy (PM) industry, has named Animesh Bose, President, Materials Processing, Inc., Haltom City, Texas to the 2009 Class of Fellows. He received the award here during PowderMet 2009?2009 International Conference on Powder Metallurgy…
Sweden's Sandvik Secures Order for Nuclear Steam Generator Tubes from Areva
According to Industrial Info Resources (Sugar Land, TX), Swedish company Sandvik Materials Technology, a division of the Sandvik AB Group (Sandviken, Sweden), secured a multi-year contract worth $256 million (184.1 million euros) from Areva SA (Paris, France) to supply steam…
U.S. Minimum Wage to Increase this Month
Effective July 24, minimum wage will rise 70 cents, from $6.55 per hour to $7.25 per hour. This increase completes the third and final phased increase in minimum wage from 2007-09 as regulated by the Fair Labor Standards Act. Minimum…
Italy's Legnano Teknoelectric to Set Up Factory in Jebel Ali Free Zone
Italian steel manufacturer Legnano Teknoelectric Company SpA (LTC) (Milan), which specializes in electrical steel, plans to set up a factory in the Jebel Ali Free Zone (JAFZA) in United Arab Emirates to process grain-oriented electrical steel, from coils to magnetic…
RathGibson Files Chapter 11
RathGibson, Inc. (Lincolnshire, IL) and its domestic affiliates ("RathGibson" or the "Company") announced that they have begun reorganization proceedings under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. In…
WATERJET GANTRY FEATURES EXPOSED TANK FOR EASY OVERHEAD LOADING
Jet Edge, Inc. offers its new 5 ft series Mid Rail Gantry Waterjet System. The 5 ft series Mid Rail Gantry Waterjet System is available in 5 ft x 5 ft, 5 ft x 13 ft, 8 ft x 5 ft, and 21 ft x 5 ft work envelopes. The Jet Edge Mid Rail Gantry Waterjet System features an exposed tank that easily accommodates overhead loading. It comes standard with one abrasivejet cutting head; a second cutting head can be added to increase productivity.
