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Briggs & Stratton Corporation Announces Retirement of CEO
Briggs & Stratton Corporation (Milwaukee, WI) announced that John S. Shiely plans to retire as Chief Executive Officer effective December 31, 2009. It is expected that the Board of Directors will appoint Todd J. Teske, currently President and Chief Operating…
Justice Department Requires Divestiture in Sapa Acquisition of Indalex
The Department of Justice (Washington, DC) announced that it has reached a settlement that will require Sapa Holding AB (Stockholm, Sweden) and Indalex Holdings Finance Inc. (Lincolnshire, IL) to divest a North Carolina aluminum sheathing facility in order to proceed…
Capitalism: The Word is a Bad One
?Sticks and stones may hurt my bones, but words will never hurt me.? Isn?t that how it goes? Of course, that?s a great pile of nonsense and everybody over four years old knows it. Words explain and complain. They champion…
POSCO Starts Operation of World's Most Productive Steel Furnace
South Korean steel manufacturer POSCO (Pohang-Si, South Korea) completed the upgrade project of the Number 4 Blast Furnace at the Gwangyang steel plant in South Jeolla and restarted the unit on July 21. The upgrade project began February 2009. Industrial…
China Predicted to Become World's Largest Tool Market
Himfr.com, one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, predicts that China will become the world's largest tool market. Due to rapid development of the manufacturing sector, the cutting tool market…
Wisconsin Machinists at Mercury Marine Seek State Presence at Bargaining Table
The International Association of Machinists and Aerospace Workers (IAM) requested Wisconsin Governor James Doyle take an active part in any negotiations with Mercury Marine (Fond Du Lac, WI) that could result in the closing the Fond du Lac facility. Mercury…
Vietnam Opens New Titanium Plant and Plans for Steel Mill
The largest titanium and high-intensity steel plant in Vietnam commenced operations this week on a 10-hectare site in the Phu My district of Binh Dinh province. According to Industrial Info Resources (Sugar Land, TX), the plant was commissioned by Saigon…
Ukraine's Vorskla Steel to Develop $920 Million Mill in Hungary
Ukraine-based steel manufacturing company Vorskla Steel AG (Kiev, Ukraine) plans to develop a steel mill with an investment of $920 million (?650 million). The mill will be located in an upcoming industrial and logistics park in Zahony, Hungary, near the…
Japan's Steel Industry on the Rise Driven by Exports to China
Following the worst half-year production figures in 41 years during the period January-June 2009, the Japanese steel industry appears to be picking up, fuelled by exports to China, which makes and purchases almost half the world's steel. In addition, according…
Industry Watch – People
Tom Erixon Sandvik Coromant (Fair Lawn, NJ) . . . announced the appointment of Tom Erixon to the position of president of its global operations in Sandviken, Sweden. Effective September 1, 2009, Mr. Erixon will replace Kenneth Sundh, current president…
Industry Watch – Business
D&S Manufacturing (Black River Falls, WI) . . . announced that the company presented scholarships for the STEPS for Girls summer program to two local students from Black River Falls Middle School. Jessa Ammann and Kyleigh Nandory were selected, based…
Metals USA Reports Second Quarter 2009 Results
Metals USA Holdings Corp., a provider of a wide range of products and services in the heavy carbon steel, flat-rolled steel, non-ferrous metals, and building products markets, today announced its operating results for the quarter ended June 30, 2009. Sales…