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Pilz hit by cyberattack
The Pilz GmbH & Co. KG is suffering from a targeted cyberattack. From Sunday, October 13th 2019, on all server and computer based workplaces including communication network of the automation company have been affected. The website is currently only partially... Read more
Pyrotek Inc. is scheduled to complete construction of a new manufacturing facility in Dubai, United Arab Emirates, in November to serve and supply the rapidly growing aluminum smelting operations of the region. The first phase of construction will provide 66,000... Read more
Automotive › The Future of Medium-Duty Truck Engines
A few, specific factors are influencing the future of medium-duty trucks, which includes emissions regulations, electrification and alternative fuels, the driver shortage, autonomous vehicles, and last-mile delivery, to name a few. Trucks are an integral part of our economy. Trucks... Read more
SCANIA IS INVESTING £129 MILLION TO BUILD A NEW STATE OF THE ART GREENSAND FOUNDRY. Scania aim to have a melted capacity of 90,000 Tons per annum for predominately their cylinder head and block castings used in their global truck... Read more
Sentiment in the market for pig iron exports from the Commonwealth of Independent States has improved, with demand appearing in China and mills able to avoid further price reductions to their traditional outlets, Fastmarkets heard on Friday October 11. Fastmarkets’... Read more
s part of the strategic focusing of its portfolio, GF Casting Solutions, a division of GF, is divesting its iron foundry in Herzogenburg (Austria) to MRB FerCon GmbH. The transaction will have a negative one-off effect of CHF 10 million... Read more
ISLAMABAD: Prime Minister Imran Khan said on Friday that the revival of Pakistan Steel Mills is a top priority of the government, adding that the mills suffered heavily due to the negligence of the past governments. Prime Minister Imran Khan... Read more
Dutch engineering and contracting firm GEMCO has been awarded a EUR 18.7 mn to build a steel and cast iron foundry for state-owned Delta Steel on a turnkey basis, Al Mal reports.
Foundry › AAM Sells U.S. Casting Operations
American Axle & Manufacturing Holdings Inc. (AAM) entered into a definitive agreement to sell its U.S. iron casting operations (Grede) to funds managed by Gamut Capital Management for $245 million. Across 10 manufacturing facilities, Grede develops, manufactures, assembles and supplies... Read more
Benchmark iron ore prices sank on Thursday as doubts about the efficacy of Chinese economic stimulus resurfaced, while coking coal prices plummeted amid oversupply and import restrictions imposed by Beijing. The Chinese import price of 62% Fe content ore fell... Read more