Republic Steel ordered by judge to pay some $4.6 million for trucking services
Republic Steel ordered by judge to pay some $4.6 million for trucking services Republic Steel, which in August announced it would close two of its U.S. plants and move production to Mexico—which is home to its parent company, Grupo Simec—has been ordered to pay trucking company Beemac nearly $2.6 million for failing to pay for […]
South Korean body to assess the potential of LK-99 for superconducting cable
The below piece ran in the Asia Focus section of WJI’s October issue The search for a room-temperature superconductive material has long been pursued, but so far it has remained a scientific theory. There is widespread interest in recent claims from South Korean researchers who believe that LK-99 could be for real. While further assessment […]
Republic Steel owners to mothball 2 U.S. plants, shift that production to Mexico
Mexico’s Grupo Simec, which acquired Republic Steel in 2005, announced that it plans to indefinitely idle its operations in Canton, Ohio, and Lackawanna, New York, and move that production to a newer plant in Mexico. Per multiple reports, Grupo Simec said that it plans to idle steelmaking operations at the two mills. Production will shift […]
Germany’s TenneT awards €1.65 billion in cable contracts to 8 industry partners
TenneT, the largest electric grid operator in the Netherlands and Germany, announced that it has awarded contracts approximately €1.5 billion to multiple companies building high-tension wires. A press release said that TenneT has signed a multi-year contract (Corporate Framework Agreement) with the following eight contract partners following a tendering procedure: Brugg Kabel of Switzerland, LS […]
Is Prysmian ready for another acquisition?
The last acquisition by Prysmian, the world’s largest cable manufacturer, was its largest ever: a $3 billion deal for U.S.-based General Cable that was completed in 2018. Per a report in Reuters, the company may make another deal in the year or two. The Reuters story said that during an analyst call, Chief Executive Valerio […]