EVRAZ PLC to sell North American holdings that include its Colorado wire rod plant
Russia’s EVRAZ PLC is seeking to divest the holdings of EVRAZ North America (ENA), which include Rocky Mountain Steel Mill, a plant in Pueblo, Colorado that produces wire rod.The scope of the story is far larger as a key investor in the parent company is Roman Abramovich, a Russian billionaire who was on the list […]
Barnes Group plans to close Bristol plant, cites shift to electric vehicles a factor
Barnes Group announced that it plans to close the production operations at its Engineered Components facility in Bristol, Connecticut, which has a manufacturing focus of producing transmission springs and washers.Per multiple reports, the demand for such products has declined as there is more production of electric vehicles that do not need those parts. The company […]
Finland’s Outokumpu to sell most of its long products business to Italian industrial steel group
Outokumpu has agreed to sell the majority of its stainless-steel long products business to the Marcegaglia Group, an Italian entity that owns some 30 steel plants.A press release said that Outokumpu has signed an agreement to divest the majority of its long products business operations to Marcegaglia Steel Group, a leading industrial group in the […]
Leoni subsidiary sold to India’s Ravicab
Ravicab Cables Private Limited announced that it has acquired Leoni Cable Solutions (India) Private Limited (LCSI), a subsidiary of Leoni AG located in Bengaluru. A press release said that the acquisition of India’s LCSI “provides an expansion in market reach, extension in product range and finds a perfect synergy with the growth aspirations of Ravicab.” […]
New England Chapter reports names of 6 scholarship winners for 2022
hips it is issuing for 2022, each of which will receive $2,500. Below are the winners.Alyssa Hicks is the daughter of William Jason Hicks, technical support engineer, Gem Gravure Co., Inc. She is attending Jacksonville State University, where she is majoring in family and consumer sciences.Owen LaRoss is the son of Michael LaRoss, corporate controller, […]