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voda 12 september 2019 16:51

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Steel Built Rides Bring Thrills to Theme Parks across the Globe - worldsteel

One of the world’s most prestigious rollercoaster and ride manufacturers is reliant on steel to move people in new and exciting ways in some of the world’s biggest theme parks - Disneyland Paris, Universal Studios, Coney Island. You could name almost any large theme park in the world and the odds are their visitors will have enjoyed a Zamperla ride. From traditional family rides, all the way to modern, white-knuckle feats of engineering, this family-run company has a global presence and sits at the cutting edge of modern entertainment. Beginning life in the early 20th century as an equestrian circus, before moving via street cinemas into the amusement ride business in the 1960s, the Italian manufacturer has risen to become a premium and preferred supplier of theme park rides.

Chief Innovation Officer Antonio Zamperla outlines the company’s unique position, saying that “We are the world’s biggest amusement rides manufacturer in terms of the number of rides. We produce more than 250 rides a year, ranging from $40,000 to several million dollars for big projects like those with Disney and Universal. Basically, we cover the whole world.”

Source : Strategic Research Institute

Bijlage:

voda 12 september 2019 16:57

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Hydro Initiates Comprehensive Restructuring of Rolling Business

As part of the strategic review of Rolled Products, Hydro has decided to initiate a comprehensive restructuring program in its rolling business with the aim to significantly improve profitability. Hydro’s rolling business has shown disappointing financial performance over the last years. Mr Einar Glomnes Executive Vice President Rolled Products said that “We are taking forceful actions to improve our profitability. Our cost position in parts of our foil business is too high, mainly due to manning intensive and manual production processes, and we are also facing strong competition in this market segment. As a consequence, we are planning to close our foil mainline.”

The restructuring includes the planned closure of parts of the foil production at Grevenbroich as well as efficiency measures across the organisation.

In September 2018, Hydro announced the exit of the foil conversion business by December 31, 2019. These closures combined represents approximately 30% of the overall foil production of Rolled Products.

The total restructuring consists of a planned reduction of personnel cost of up to EUR 60 million per year. This will lead to a redundancy of up to 735 full time equivalents.

Source : Strategic Research Institute

voda 12 september 2019 16:58

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Alcoa Corporation Announces New Operating Model

Alcoa Corporation global leader in bauxite, alumina, and aluminum products, announced that, effective November 1, 2019, it will implement a new operating model that will result in a leaner, more integrated, operator-centric organization that accelerates the Company’s strategic priorities. Alcoa will eliminate its business unit structure and consolidate sales, procurement and other commercial capabilities at an enterprise level. Under the new operating model, the Alcoa Executive Team will also be streamlined from 12 to seven direct reports to the Chief Executive Officer. The new structure will reduce overhead, promote operational and commercial excellence, increase connectivity between the Company’s plants and leadership, ensure a continued focus on safety as our highest priority, and position Alcoa for sustainable profitability.

Harvey announced the following individuals as members of his Executive Team, effective as of November 1, 2019:

Leigh Ann Fisher, currently Executive Vice President and Chief Administrative Officer, has been named Executive Vice President and Chief Human Resources Officer. Fisher will focus exclusively on people, including: talent management and recruitment; compensation and benefits; training and development; and industrial relations.

Jeffrey Heeter, Executive Vice President, General Counsel and Secretary, will continue to be accountable for legal, corporate secretary, ethics and compliance, and global security functions.

Benjamin Kahrs, currently Senior Vice President, Manufacturing Excellence and R&D, has been named Executive Vice President and Chief Innovation Officer. Kahrs will focus on implementing the new operating model and transforming manufacturing capabilities critical for future success, including through Alcoa Business Systems. He will also continue to have responsibility for the Alcoa Technical Center.

Michelle O’Neill, currently Senior Vice President, Global Government Affairs and Sustainability, has been named Executive Vice President and Chief External Affairs Officer. O’Neill will be accountable for: government affairs; community relations and communications; sustainability; and the Alcoa Foundation.

William F. Oplinger, Executive Vice President and Chief Financial Officer, will continue to be responsible for finance functions and transformation assets, with added responsibility for corporate development.

Timothy Reyes, currently Executive Vice President and President, Aluminum, has been named Executive Vice President and Chief Commercial Officer. Reyes will be accountable for: creating customer-focused commercial strategies across the bauxite, alumina, aluminum, and energy markets and the procurement function to maximize the capabilities of Alcoa’s operating locations and capitalize on market opportunities; business development focused on new areas of growth; strategic analysis and planning; supply chain management; and customer service.

John Slaven, currently Executive Vice President and Chief Strategy Officer, has been named Executive Vice President and Chief Operations Officer. Slaven will be accountable for the Company’s operating locations, ensuring safety, maximizing the operating performance and reliability of the operations, and enhancing the long-term value of Alcoa’s assets through a manufacturing center of excellence.

Mr Roy Harvey President and Chief Executive Officer said that “These changes to our operating model build on the important progress we’ve made since our 2016 Separation to reduce complexity, drive returns and strengthen the balance sheet, all with the goal of creating a stronger Alcoa. Most importantly, this new organizational structure reinforces that our operations are the heart of Alcoa. Among other benefits, it will promote stronger connectivity between our plants and executive leadership and swift decision-making.”

Source : Strategic Research Institute

voda 13 september 2019 15:58

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Elevator Proceeds Must Stay With Thyssenkrupp - Labor Boss

Reuters reported that proceeds from a potential sale of Thyssenkrupp’s elevator division must stay with the group. A leading labor representative rejecting the idea of a special dividend for shareholders said that “We won’t let that happen. The steel unit needs sufficient funds just like the other business areas."

His remarks come a day after Thyssenkrupp’s supervisory board reviewed first expressions of interest for the division, which some analysts say could be worth up to 17 billion euros.

Source : Reuters

voda 13 september 2019 16:01

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JSPL Will Reduce Debt This Year - MD Mr VR Sharma

Economic Times reported that Jindal Steel & Power Ltd MD Mr VR Sharma in an interview with ETNOW, while replying to a question “How much of your debt is coming up for maturing in FY20? What exactly is your plan to service the same?” said that “Debt is a financial mechanism. No industry will survive without debt, but how much debt is the question. The more you grow, the more debts will come, more profit you will make and more prepayments you will do. We were at INR 39,000 crore in the beginning of the year and we will close at about INR 34,000 crore by the end of this year. We will reduce debt by INR 5,000 crore.”

He added “However, we are not investing in CAPEX. There is no increase in debt because there is no CAPEX on the anvil. The policy we have opted for is called earn and invest. So, whatever we earn out of our EBITDA and out of our profits, a part of that will go to CAPEX. The main aim is to sweat out the existing facilities and we are sure we will be in a position to do that.”

Source : Economic Times

voda 13 september 2019 16:01

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JSW Steel to Move NCLAT for Bhushan Steel Ltd on Sept 13

Business Line reported that JSW Steel will move the National Company Law Appellate Tribunal on Friday to seek immunity from the ongoing criminal fraud cases against Bhushan Power and Steel Ltd. JSW Steel is the new owner of Bhushan Power after it emerged the top bidder through the insolvency process. JSW Steel will also appeal to retain the profit made by Bhushan Power and Steel in its books during the last two years of insolvency period, said legal sources close to the company.

Earlier this week, the National Company Law Tribunal approved the INR 19,700-crore bid placed by JSW Steel but directed the company to seek relief from ongoing cases from the competent authority.

Source : Business Line

voda 13 september 2019 16:05

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SC Sets Aside Delhi HC Order Granting Bail to Former CFO of Bhushan Steel Ltd

India Today reported that India’s Supreme Court has set aside the Delhi High Court order granting bail to Bhushan Steel's former CFO Mr Nittin Johari, who was arrested by the SFIO for alleged fraudulent activities. A bench headed by Justice N V Ramana delivered the verdict on an appeal by the Serious Fraud Investigation Office challenging the August order of the high court.

Mr Johari was arrested by the SFIO on May 2 for alleged fraudulent activities, including filing false documents with various banks. The SFIO has alleged that Johari was managing the affairs of Bhushan Steel and was looking after raising of funds from banks and financial institutions and was also one of the signatories to the financial statements of the company till fiscal year 2016-17. The SFIO has alleged that during the probe, they have found that there were several alleged fraudulent practices at the company, including manipulations of accounts and financial statements during the term of Johari.

Source : India Today

voda 13 september 2019 16:06

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Liberty Steel Ostrava & Trade Unions ink pact

Czech media reported that management of the Liberty Ostrava steelworks signed an agreement with the trade unionists on the future of the company. It concerns future investments, production and employment, but also extends the current collective agreement until 2023. The agreement of the company with the trade unions enshrines, for example, the minimum annual steel production, the new owner is committed to maintaining employment and labor and social standards for all steel workers. It also sets out how emission allowances will be managed.

Mr Jon Bolton Managing Director of Liberty Steel Continental Europe said "We are aware of the importance of the smelter for the Ostrava region and the whole country and we want to continue developing and investing in steel production here. An important point is also the commitment to intensive negotiations on the purchase of the energy company TAMEH Czech, which supplies the steelworks with all the energy needed to produce steel and which remained the property of the joint venture between the original owner of the steelworks, ArcelorMittal and the Polish energy holding Cerna Dvorakova.”

The agreement was established for more than a year, and negotiations between the unionists and the new owner were initially intensified. For example, the trade unionists feared that the sale of the company to the Liberty Group would irreversibly damage the Ostrava steelworks. But when they took over the new owner, the situation looked much better.

Source : CT24

voda 13 september 2019 16:06

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Nucor Opts for Daniele QTB Process for Marion Bar Mill

Following last year’s order for a new 18-stand rolling mill, Nucor Steel has chosen Danieli to supply a new Quenching and Self-Tempering system, to be installed at the same mill in Marion, Ohio. The Quenching and Self-Tempering process improves the mechanical properties of deformed bars, in particular the yield strength, using billets with lower alloy content. The result is a product with final technological characteristics equal to or even better than those obtained by low-alloyed/micro-alloyed steels. The new system is designed for rolling speeds up to 13 m/s for single and multi-strand rebar, and it is controlled by a dedicated stand-alone system provided by Danieli Automation.

Commissioning is expected in the next few months.

Source : Strategic Research Institute

voda 13 september 2019 16:07

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USITC Keeps AD Duty on Imports of Diffusion-Annealed, Nickel-Plated Flat-Rolled Steel Products from Japan

The US International Trade Commission has determined that revoking the existing antidumping order on imports of diffusion-annealed, nickel-plated flat-rolled steel products from Japan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result of the Commission’s affirmative determination, the existing antidumping duty order on imports of these products from Japan will remain in place.

The five-year (sunset) review concerning Diffusion-Annealed, Nickel-Plated Flat-Rolled Steel Products from Japan was instituted on April 1, 2019. On July 5, 2019, the Commission voted to conduct an expedited review.

Source : Strategic Research Institute

voda 13 september 2019 16:07

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MMK Continues Robotisation of Business Processes

As part of the project to implement business process automation at the Magnitogorsk Iron and Steel Works, MMK-Informservice has entered into a general partnership agreement with UiPath, a world leader in producing software platforms for robotic process automation. The partnership will improve the efficiency of MMK's large-scale project to automate business processes by reducing the cost of the software used, in addition to allowing MKK to adopt best practices in the application of RPA technology used by other UiPath partner companies, including Deloitte, Oracle, Microsoft, IBM and others.

In July 2018, MMK-Informservice (part of MMK Group) established the RPA Expertise and Innovation Centre to coordinate the implementation of software robotics technology. At present, dozens of software robots are already successfully functioning at MMK Group. According to MMK-Informservice Director Vadim Feoktistov, the global experience of automation through RPA technology shows the high efficiency of this tool on the path towards the digital transformation of business. This process lies at the heart of MMK's comprehensive strategic initiative, Industry 4.0.

UiPath is a recognized leader among RPA software robotics solution providers. The company employs 2,500 employees in 53 offices in 20 countries, including Russia, USA, India, China, Japan, Germany, France and Britain, to develop the RPA platform.

Source : Strategic Research Institute

voda 13 september 2019 16:09

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Quality Circles help cut down costs & create healthy work environment - CMD RINL

Mr PK Rath CMD of RINL inaugurated the two day 19th Chapter Convention on Quality Concepts organized by Quality Circle Forum of India in Visakhapatnam. The theme was Quality concepts for cultural breakthrough. Speaking on this occasion, Mr Rath mentioned that a quality-focused culture creates a healthy work environment and leads to satisfied customers and to achieve this, quality concepts play a vital role in Total Quality Management and stressed the need to practice continuously by the organizations with total employee involvement. He said that over the last few years, quality and productivity have emerged as major areas of focus for business and the main ingredients for quality culture are togetherness, host communication, access to information, focus on processes and doing best for improvement.

Mr Rath said that Quality circle is a unique tool for having an impact on productivity, quality, cost reduction, safety, customer satisfaction, team work and motivation and added that as employees are involved with problem-solving and overall improvement of the working process, quality circles represent bottom-up innovations in productivity management. He observed that continual improvement is one of the guiding philosophies that have contributed for the success and glory of many organizations. Besides financial benefits, quality circles and 5S teams contribute significantly in bringing participative work-culture and also towards improved quality of work life for the quality management.

He added that RINL has been constantly encouraging on employee empowerment to enhance the quality of work life through participative fora like QCs, 5S, Suggestion schemes etc. RINL has been consistent through implementation of several QC projects every year setting a bench mark in the steel industry. He called upon the industries to see that more and more employees are involved in this movement of Quality Circles, 5S etc.

Source : Strategic Research Institute

voda 13 september 2019 16:10

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Russian Steel Congress on Industrial Safety & Environmental Protection Takes Place at Metaloinvest EMK

OEMK hosted the Second Congress of the Russian Steel Association on labour protection, industrial and environment safety, entitled Russian Steel: Safe and Green Steelmaking. Congress participants included representatives of the World Steel Association and the largest Russian companies in the steelmaking industry and other sectors of the economy: Gazprom Neft, EVRAZ, Metalloinvest, Mechel, MMK, NLMK Group, OMK, PMH, UC RUSAL, Severstal, SIBUR Holding, TMK, ChelPipe Group and many more. Government agency representatives, including the Ministry of Natural Resources, Rostechnadzor, Rosprirodnadzor, scientific, educational and expert organisations, also actively participated in the Congress.

At the event, participants exchanged experience and knowledge of best practice to ensure safe and environmentally friendly production, discussed the principles of an effective system of labour protection, industrial safety and environmental protection, and considered issues relating to state regulation of the industry.

Source : Strategic Research Institute

voda 13 september 2019 16:11

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A single blockchain-based industrial register of certificates will fight against falsification on the Russian metal products market

Within the framework of the 4th International Mining and Metallurgical Summit SAP, an initiative was announced to create a unified industry register of blockchain-based certificates of metal products. The idea was supported by Russian metallurgical companies Severstal, Zagorsk Pipe Plant, as well as industry associations. The system can be launched as early as next year and will unite key market participants in the fight against fraud.

Distributed registry technologies will create a unified industry-wide solution that will be equally managed by all participating companies (metal producers). Such a system will provide a transparent and fair competitive environment: all participants in the initiative will receive rights to manage the registry, and the data that will be stored on the blockchain will remain unchanged. Consumers of products by certificate number and manufacturer will be able to verify their accuracy.

Source : Strategic Research Institute

voda 13 september 2019 16:14

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Miners Companies Welcome Indonesian Export Ore Ban

Reuters reported that large mining companies welcomed a recent decision by the Indonesian government to move forward a ban on exporting nickel ore, as the firms aim to increase smelting output. Top nickel ore supplier Indonesia last month said the country will stop ore export from January 1, 2020, pushing forward a ban by two years and raising concerns of supply shortage as well as causing financing issues for smaller players. But major industry players gathering at the Asian Nickel conference said the ban would further support the development of the nickel processing industry in the country.

Mr Steven Brown a general manager at PT Vale Indonesia told that “For Vale, we see Indonesia as a great opportunity to expand our production.”

The country first placed the nickel ore export ban in 2014, causing a price surge at the time, then relaxed it in 2017 under a quota system. Nickel prices have surged as much as 76% this year.

Source : Reuters

voda 13 september 2019 16:20

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Xinjiang Hoshine Project to Come Online in October

SMM reported that Xinjiang based metal materials processor Hoshine Innovative Material will later this month conduct equipment adjustment for its aluminium alloy special materials project, designed with an annualised capacity of 20,000 tonne. The phase-one project is expected to commission in October. It involves a capacity of 4,000 tonne per year silicon carbide particles, alumina particle, and high-end aluminum alloy composite billet.

Source : SMM

Koffiezondersuiker 13 september 2019 16:43

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Wat een ongekende veerkracht van het aandeel Arcelor Mittal. Gisteren was de min te verwaarlozen op een toch wel belangrijke en spannende dag met veel volatiliteit.

Vandaag gestage, opnieuw sterke stijging en even wat gas terug maar opnieuwe terug naar 15,60. wtf.

Ik ben er te vroeg uitgegaan máár ik zou weleens willen zien wat er bij de 15,90-16,10 gebeurt. Dan verwacht ik wat slechte dagen achter elkaar, omdat de koers daar in de 1e helft vd zomer continue ronddraaide.

Geen TA-ers hier. Jammer is dat.

voda 13 september 2019 18:21

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Kone zet in op fusie liftentak Thyssenkrupp

Gepubliceerd op 13 sep 2019 om 17:57 | Views: 65

ESPOO (AFN/BLOOMBERG) - Liftenmaker Kone wil fuseren met de liftentak van industriegigant Thyssenkrupp. Het Finse bedrijf werkt aan een voorstel waarmee het hoopt investeerders die ook interesse hebben in het onderdeel van Thyssenkrupp te snel af te zijn.

Kone-topman Henrik Ehrnrooth ziet een samensmelting voor zich waarbij Thyssenkrupp als belangrijke aandeelhouder verbonden blijft aan het fusiebedrijf. Volgens hem zijn er flinke synergievoordelen te behalen en zijn er geen onoverkomelijke bezwaren van mededingingsautoriteiten te verwachten.

Eerder gaf Thyssenkrupp aan de voorkeur te hebben voor de verkoop van een minderheidsbelang aan investeerders. Een eerdere fusiepoging van de staalactiviteiten met de Europese staaldivisie van Tata Steel liep namelijk stuk op mededingingsbezwaren. Thyssenkrupp keek ook naar een eventuele beursgang van het onderdeel, dat wordt gewaardeerd op 15 miljard euro.

voda 13 september 2019 21:32

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Strijd om liftendivisie Thyssenkrupp nadert eindfase

Het Finse liftenbedrijf Kone wil een volledige fusie met de liftendivisie van het Duitse staalconcern Thyssenkrupp. Dat heeft de Finse topman van Kone, Hendrik Ehmrooth, in Helsinki gezegd in een interview met financieel persbureau Bloomberg.

In het gefuseerde combinatiebedrijf zou Thyssenkrupp volgens Ehmrooth een meerderheid van de aandelen kunnen verwerven. Kone zal op korte termijn een bod uitbrengen op de liftendivisie van het staalconcern. Eerder had Ehmrooth tegenover de krant Rheinische Post verklaard dat een samensmelting van Kone en de Duitsers een 'perfecte match' zou opleveren.

Ehmrooth zou ook niet bang zijn dat een samensmelting vanwege mededingingsbezwaren niet door zou kunnen gaan. De Europese Commissie verbood eerder dit jaar een fusie tussen Tata Steel Europe, waaronder IJmuiden, en Thyssenkrupp tot een nieuw Europees staalbedrijf.

Kone is echter niet de enige partij die interesse heeft in de liftendivisie van Thyssenkrupp, waar circa 50.000 mensen werken. Volgens Bloomberg heeft het Duitse staalconcern deze week tien private equity-concerns en vier branchegenoten, waaronder Kone dus, uitgenodigd een bod uit te brengen. De (gehele) liftendivisie zou circa €15 mrd waard zijn.

Veel belangstelling
Tot de belangstellende partijen voor de liftendivisie behoren onder meer investeerders als CVC Capital Partners en KKR & Co. Behalve branchegenoot Kone zouden ook staatsfondsen en pensioenfondsen op het vinkentouw zitten. Ook de namen van durfinvesteerders als Apollo Global Management, EQT Partners, Blackstone en Cinven zijn in dit verband genoemd. De Japanse branchegenoot Hitachi zou ook interesse hebben.

Bloomberg meldde deze week ook dat topman Guido Kerkhoff van Thyssenkrupp een voorkeur heeft om een minderheidsbelang van de liftendivisie te verkopen. Thyssenkrupp zou een meerderheid van de aandelen willen behouden om greep te houden op de kasstroom die de divisie oplevert en om pensioenverplichtingen te kunnen financieren.

Beurs
Tegelijkertijd heeft het financieel kwakkelende Thyssenkrupp ook nog steeds plannen een deel van de divisie naar de beurs te brengen. Een gehele of gedeeltelijke verkoop zou voor Thyssenkrupp meer geld kunnen opleveren.

fd.nl/ondernemen/1316837/strijd-om-li...

voda 16 september 2019 13:42

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ArcelorMittal wil waterstoffabriek in Hamburg bouwen

ArcelorMittal heeft zich als gegadigde gemeld voor de bouw van de waterstoffabriek in Hamburg, die de grootste ter wereld moet worden. Directeur Uwe Braun van de ArcelorMittal-locatie in Hamburg zegt dat in een interview met de Duitse zakenkrant Handelsblatt.

Het plan van de wereldmarktleider komt nog geen twee weken na de bekendmaking van Michael Westhagemann, de partijloze stadsminister van Hamburg, dat de Duitse havenstad graag ook de thuishaven wil zijn van grootste waterstoffabriek ter wereld.

Concurrerende plannen

In de zwarte industrie wemelt het van waterstofplannen, maar tot dusver zijn de intenties niet verder gekomen dan de tekentafel. Concurrent Tata Steel en Dow Chemical koesteren al langer ambities op waterstofgebied.

ArcelorMittal in Hamburg heeft onlangs opdracht gegeven voor een technisch ontwerp voor een speciale bakoven waarin met behulp van waterstoftechnologie van ijzererts halffabricaten als pellets en sinters kunnen worden gemaakt die nodig zijn voor de productie van vloeibaar ijzer en staal zonder dat dit gepaard gaat met de uitstoot van het broeikasgas CO2. 'Over ongeveer vijf jaar willen we dit proces gebruiken om 100.000 ton blokjes ijzer per jaar te produceren', aldus Braun.

Klimaatneutraal staal

Het project gaat het staalconcern €65 mln kosten. De bakoven wordt ontworpen door technologiebedrijf Midrex, dochter van de Japanse staalfabrikant Kobe Steel dat in de jaren zeventig van de vorige eeuw ook al betrokken was bij het ontwerp van de huidige bakoven in Hamburg waarin met behulp van aardgas ijzererts wordt omgevormd tot de ingrediënten. ArcelorMittal wil op termijn de met waterstof vervaardigde pellets samen met schroot in een elektrische oven tot staal om te smelten. Dat kan klimaatneutraal gebeuren zodra voldoende groene waterstof beschikbaar is dat met stroom uit windenergie moet worden gemaakt. 'Tegen 2050 willen we klimaatneutraal staal maken', aldus Brown.

Met sublinks in het artikel, zie link:

fd.nl/ondernemen/1317030/arcelormitta...

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