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voda 12 december 2019 16:50

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Liberty Steel and Big River Steel interested in Orb Steel Plant of Tata Steel UK

BBC reported that 2 companies have expressed an interest in Tata's Orb steelworks in Newport. BBC Wales understands that Liberty Steel, which has a base in Newport, has been looking at taking over the plant and US company Big River Steel would like to use the site but only with another company operating it.

Tata is mothballing rather than closing the plant as it searches for a new buyer. Tata Steel announced plans to shut the plant in September putting up to 380 jobs at risk. But the workers at the site will be redeployed to other parts of the business, including Port Talbot. No compulsory redundancies are expected.

Source : BBC

voda 12 december 2019 16:51

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SPL Commissions 4th Coke Oven Battery at Angul Steel Plant

Jindal Steel & Power Ltd announced that it has commissioned its 4th Coke Oven Battery at Angul plant making it self-sufficient in coke requirement. The Coke Oven consists of 4 nos. batteries of 45,000 tonnes each per month will be producing a total coke of 2 milion tonnes per annum. This plant is feeding Coke to India's largest Blast Furnace having 4554 cubic meter volume which is already in operation at Angul and 2 Blast Furnaces at Raigarh in Chattisgarh.

Source : Strategic Research Institute

voda 12 december 2019 16:52

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Settlement over bad air in Clairton calls for U.S. Steel to cough up $2 million

According to a tentative settlement struck with residents in a 2017 class-action lawsuit US Steel will pay residents USD 2 million and invest USD 6.5 million to upgrade equipment at its Clairton Coke Works facility. The proposed settlement was outlined in court documents signed by an Allegheny County Court of Common Pleas judge. Members of the class will be notified by mail that they are eligible to participate and will have 45 days to submit a claim form

U.S. Steel would also be required to make $6.5 million worth of equipment improvements at the Clairton Coke Works intended to reduce air emissions within one year of the settlement’s effective date. This would include the installation of mass air coolers at the pushing emission control baghouses as well as battery machinery and refractory improvements, according to court documents.

The suit alleged that due to US Steel’s negligence, odors and pollution from the Clairton Coke Works interfered with residents’ quality of life and ability to fully enjoy their homes. More than 5,600 households fall within the class area, which extends from 1.8 kilometers to 3.2 kilometers from the facility.

Source : Strategic Research Institute

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voda 12 december 2019 17:00

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SSAB, LKAB and Vattenfall Welcome Higher Ambitions to Reach Climate Targets

HYBRIT's owners SSAB, LKAB and Vattenfall welcomed the higher ambitions to reach climate targets discussed at the COP25 climate summit in Madrid. The companies cite the need for powerful measures to secure industrial transition. The HYBRIT initiative for fossil-free steel production shows that zero net emissions is possible. CTO of SSAB and HYBRIT Chairman Martin Pei said “We welcome further concrete steps to reach the global climate targets. The EU has an opportunity to lead the industrial transition. A European Green Deal must include an ambitious Industrial strategy that focuses on innovation, supports the upscaling of new technologies, and facilitates access to private and public funding. It should also emphasize creating markets for low carbon products, for example through an effective ETS system, and facilitate the necessary infrastructure for fossil-free electricity and hydrogen. Our goal is to create a completely fossil-free value chain, from the mine to the finished steel product. A fossil-free steel industry has the potential to reduce the world’s total carbon dioxide emissions by 7 percent, and the transition is a necessity if we are to meet our shared climate goals.

Hybrit Development AB is a joint venture of SSAB, LKAB and Vattenfall with the aim of advancing HYBRIT technology from laboratory scale to full production scale to enable the world's first fossil-free ore-based steelmaking. By using fossil-free electricity and hydrogen instead of coke and carbon for iron ore reduction, the byproduct will be normal water instead of carbon dioxide. At Luleå in northern Sweden, HYBRIT is now building the world's first pilot plant based on direct reduction of iron ore with hydrogen, which will be ready in 2020. SSAB´s goal is a market launch of the first fossil-free steel products in 2026.

Source : Strategic Research Institute

voda 12 december 2019 17:00

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Kaohsiung City to push CSC for Emission Reductions

CAN reported that the Kaohsiung City government pledged Wednesday to continue to push China Steel Corporation to speed up its efforts to reduce emissions to improve air quality following a local media report that named the largest steel maker in Taiwan as the country's No 1 source of air pollution. The Kaohsiung City government, which is in charge of supervising China Steel, meanwhile, said it has continued to ask China Steel to improve its emission reduction efforts. Recent inspections show that China Steel's emissions are all within the maximum allowable levels issued by the government, but the city government said these levels were set years ago and were designed to be lenient, in order to encourage heavy industries to continue to base themselves in Taiwan. The city is considering lowering the maximum allowable levels to pressure polluting companies to speed up their emission reduction efforts.

Citing air pollutant emissions data from June to December 2018, the Chinese-language Apple Daily ran a front page story Wednesday that lists the top 10 air pollution sources in Taiwan. The state-run company emitted a total of 1.18 million kilograms of PM2.5 and PM10 particulates during the six-month period, according to the report.

Source : Strategic Research Institute

voda 12 december 2019 17:13

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Court rejects Minnesota's renewal of US Steel mine permit

The Minnesota Court of Appeals has reversed a decision by state regulators to renew a wastewater discharge permit for US Steel's giant Minntac iron ore mine in the northeast of the state and has sent the dispute back to the Minnesota Pollution Control Agency for further proceedings. The ruling came in a consolidated set of appeals by US Steel, the environmental group WaterLegacy and the Fond du Lac Band of Lake Superior Chippewa.

The agency first issued the permit in 1987 and renewed it last year amid a protracted dispute over whether Minntac had to comply with a state law meant to protect wild rice beds by limiting discharges of sulfates. Minntac's ore processing facility in the city of Mountain Iron includes a 13.6 square mile tailings basin that holds mine waste and wastewater that's recycled for further ore processing. As a result, sulfate levels build up in the basin and water from it seeps into local ground and surface waters. Minnesota law restricts discharges of sulfates into waters where wild rice grows to 10 milligrams per liter. But the state for years has allowed Minntac to exceed that standard. The Legislature in 2011 put enforcement of the existing standard on hold and ordered the MPCA to develop new standards. The agency commissioned extensive research and drafted a complex new set of sulfate limits, but an administrative law judge rejected them last year.

US Steel challenged the MPCA's denial of its request for a variance from groundwater quality standards, while WaterLegacy and the tribe argued that the state agency erred in its interpretation of the federal Clean Water Act and drafted permit conditions that didn't sufficiently protect surface waters.

Source : Strategic Research Institute

voda 12 december 2019 17:13

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Canadian Steelworkers Recognize NAFTA Improvements

The United Steelworkers has welcomed improvements in the revised Canada-US Mexico Agreement announced but raises concern over the impact on Canadian aluminum and steel workers. USW National Director for Canada Ken Neumann said "We're encouraged that the revised CUSMA appears to include some improvements to the previous version of the trade deal, including provisions on labour rights, environmental protections and pharmaceutical costs. No group has fought harder than our union, on both sides of the border, to achieve improvements to this trade deal. We will be particularly interested in determining the scope and effectiveness of the reported changes, particularly those aimed at enhancing and enforcing workers' rights.”

While full details on CUSMA revisions have yet to be disclosed, the USW is disappointed that the new deal apparently does not include stronger North American automotive rules of origin requirements related to steel and aluminum. The USW advocated for requirements that 70% of steel and aluminum components in automobiles be melted/smelted and poured in North America in order for a vehicle to enjoy CUSMA benefits. Mr Neumann said "It appears that the Canadian government did not insist on a fix to the CUSMA auto rules of origin that would require aluminum automobile parts to use aluminum smelted in North America. This is profoundly disappointing, given that Canada is by far the largest producer of aluminum on the continent. This will allow countries like China, Russia and others to continue to flood the North American market, threatening aluminum jobs in Canada. The USW also is concerned that the revised CUSMA reportedly allows for a seven-year implementation of rules-of-origin protections for steel used in the auto sector. The delayed implementation is a setback for Canadian steelworkers and producers.”

Source : Strategic Research Institute

voda 12 december 2019 17:15

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Indian Steel Consumption in Apr-Nov up by 3.5% ONLY

Provisional data of Joint Plant Committee showed that India's crude steel production for November fell by 2.9% YoY to 8.92 million tonnes, also down by 1.8% MoM. With the latest figures, India's crude steel output from April to November hit 73.17 million tonne, up 0.9% from the corresponding eight months of 2018. Finished steel production in November fell to 7.80 million tonnes, 7% lower than in November 2018 and 5.4% down from October 2019. As for finished steel production over April-November, it came to 67.53 million tonnes, up 1.9% from the year before.

November's steel exports remained high at 867,000 tonnes, up 79.9% from the corresponding month in 2018, but down 8.8% from the prior month. April-November exports amounted to 5.75 million tonne, up 33.5% on the year. Steel imports dropped by 37% to 429,000 tonne in November to take AprilNovember total to 5.08 million tonnes, down 5.3% from the previous year.

India's steel consumption inched up by 0.8% from a year earlier to 7.41 million tonne in November. April-November steel demand increased by 3.5% to 66.46 million tonnes.

Source : Strategic Research Institute

voda 12 december 2019 17:17

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European Steel Makers Face Tough Times Ahead

Moody’s ratings agency predicts slowing demand and deteriorating profitability for the European steel makers. It said “Key sectors using European-made steel such as the automotive industry are likely to need less of the material next year amid a wider market slowdown. Meanwhile, escalating global trade tensions and a looming Brexit disrupting supply chains and stifling consumer confidence are major risks.”

Meanwhile, the European Commission is planning a carbon border tax aimed at shielding European steel producers and other energy-intensive industries against cheaper imports from countries with less strict climate policies. The EU new executive president Ms Ursula von der Leyen is due to unveil a first outline of her Green Deal, a package of regulations meant to drastically reduce carbon emissions of the bloc. The package will include a proposed carbon border adjustment mechanism for selected sectors to be introduced by 2021, according to a leaked Commission document. The plan could initially be tested on industries including steel, cement and aluminium

Europe’s steel makers have suffered a torrid 2019, with British Steel, UK’s second-largest, teetering on the brink of going bust, while Thyssenkrupp has issued one profit warning after another. Tata Steel has also cut jobs across the board.

Source : Strategic Research Institute

voda 12 december 2019 17:18

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Auto Sales in China in November Remains in Reverse Gear

China's auto market posted the 17th-month in a row sales downturn in November. The China Association of Automobile Manufacturers announced that China's auto sales slid 3.6% year on year to 2.457 million units in November, but apparently rose 7.6% from a month earlier. For the first eleven months, automakers in China sold roughly 23.11 million new vehicles in total, which were 9.1% less than that of the year-ago period.

Source : Strategic Research Institute

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voda 12 december 2019 17:22

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Ilva Steel Worker Unions Start Strike and Protest in Rome

Trade unions representing steel workers staged a big protest in Rome on as the Italian government continues talks to stop ArcelorMittal going back on an agreement to take over the former ILVA group. With thousands of jobs at stake, the country's three largest trade unions CGIL, CISL, and UIL promoted a 32 hour work stop in all plants starting from 12 PM local time on Monday night. Simultaneously, they called for a rally in the Italian capital that drew thousands of workers from Taranto and all of the other factories across the country.

CGIL union Secretary-General Mr Maurizio Landini said "Our message addresses both the government and the company. ArcelorMittal made a mistake by appealing to the court. It should sit around the table and negotiate instead, starting from the deal inked with unions in September last year. We'll fill Rome.”

ArcelorMittal in November filed suit to get out of their contract to take over the former ILVA steel works, including its troubled Taranto plant. On Monday Italian Prime Minister Mr Giuseppe Conte stressed that negotiation with ArcelorMittal are only at the beginning.

Source : ANSA

voda 12 december 2019 18:34

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'Plannen van Tata Steel Europe blijven onaanvaardbaar'

De reorganisatieplannen voor staalfabrikant Tata Steel Europe (TSE) zijn volgens de Europese ondernemingsraad nog altijd onaanvaardbaar. In herziene plannen is nog steeds het ontslag van 3000 medewerkers in Europa opgenomen. De gesprekken met de Europese raad van bestuur zijn stilgelegd, meldt de ondernemingsraad donderdag.

De ondernemingsraad had woensdag een ontmoeting met de raad van bestuur van Tata Steel Europe om het eerder aangekondigde 'transformatieprogramma' nogmaals te bespreken. Het medezeggenschapsorgaan schrijft naar aanleiding daarvan ernstig bezorgd te zijn over het feit dat het 'transformatieprogramma' niet in het langetermijnbelang van TSE is. De ondernemingsraad is dan ook niet bereid om verder overleg te voeren op basis van het huidige plan. De werknemersvertegenwoordiging wil een spoedvergadering met het Indiase moederconcern over de toekomstige strategie en betrokkenheid bij het Europese staalbedrijf.

Twee weken geleden stuurde diezelfde ondernemingsraad de bestuursleden van Tata Steel Europe nog terug naar de tekentafel omdat het plan achter de bezuinigingen te mager was. Zolang dit proces niet was afgerond, zou er geen consultatie plaatsvinden, lieten het werknemersorgaan toen weten.

'Ingrepen nodig'
Tata Steel Europe benadrukte woensdagavond, direct na de vergadering, al dat 'de ingrepen' nodig zijn om het bedrijf toekomstbestendig te maken. Het bedrijf gaf toen geen verdere details wat dit dan precies inhoudt.

Wat al wel bekend was, is dat Tata Steel Europe middels een transformatieprogramma het bedrijfsresultaat (ebitda) wil verbeteren tot £750 mln in maart 2021. In de afgelopen zes maanden kwam het bedrijfsresultaat uit op £25 mln.

Dit doel zou voor driekwart bereikt moeten worden door productiviteitsverbeteringen, verminderde bureaucratie en een verhoogde verkoop van hoogwaardige staalsoorten. De besparingen op het personeel — een bezuiniging van zo'n £150 mln (€175 mln) — vult dit aan.

Het programma bestaat uit maatregelen die de prestaties verbeteren, verduurzamen en investeringen mogelijk maken om de toekomst veilig te stellen, schrijft het bedrijf in een persbericht. Maar wat die maatregelen precies zijn, blijft onduidelijk.

De verandering is nodig vanwege de sterk verslechterde situatie op de staalmarkt. De Europese staalindustrie lijdt onder hoge grondstofkosten, lage staalprijzen en overcapaciteit. TSE-ceo Henrik Adam zei vorige maand in een interview met het FD dat hij in zijn ruim twintigjarige carrière in de staalindustrie nog nooit zulke zware tijden heeft meegemaakt.

Medewerkers
Door het snijden in de personeelskosten staan er in Nederland 1600 van de 11.000 banen op de tocht. Ook schrapt het bedrijf 1000 banen in het Verenigd Koninkrijk en 350 'elders in de wereld'. Bij twee derde van de banen gaat het om kantoor- en managementfuncties.

Dinsdag besloten Nederlandse Tata-medewerkers en vakbond FNV Metaal dat ze zich niet zomaar neerleggen bij het schrappen van banen. FNV is bereid om de stakingskas te openen.

fd.nl/ondernemen/1328079/plannen-van-...

voda 12 december 2019 19:41

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Former Deputy PM of Vietnam Implicated in TISCO Project Violations

VN Express reported that Party inspectors said that Vietnam’s Former Deputy Prime Minister Mr Hoang Trung Hai, 2007-2016, committed several violations in overseeing the expansion of steel company TISCO. Party Central Inspection Committee on said that “The standing party committee of the Vietnam Steel Corporation was irresponsible and lacked supervision in its leadership, which led to the firm committing serious violations in a project to expand production by the Thai Nguyen Iron and Steel Joint Stock Company or the TISCO II project. The violations caused very serious consequences and seriously damaged the financial position and properties of the state.

The state currently owns nearly 94 percent of VNSTEEL, while VNSTEEL holds a 65 percent stake in TISCO. The TISCO II project, approved in 2005, had a total capital of over VND 3.8 trillion (USD 242 million). It had two main packages, one of them an EPC package regarding development of a metallurgy processing line. The EPC package was auctioned to the China Metallurgical Group Corporation for over USD 160 million. However, the Government Inspectorate discovered in February that the project’s total capital had been illegally altered by TISCO, from over VND 3.8 trillion to VND 8.1 trillion. Furthermore, at the time of discovery, TISCO had already paid MCC over 92 percent of the total value of the project, but the project was nowhere near completion. As of 2013, the EPC contractor MCC and contractors had stopped all construction activity. Since then, some project equipment have been damaged, negatively affecting the project’s progress and quality, causing investment capital losses

Besides Mr Hai, former deputy heads of the Government Office Van Trong Ly and Nguyen Huu Vu; former deputy head of the sectorial economic department under the Government Office, Nguyen Van Tai; and head of the general department of geology and minerals under the Ministry of Natural Resources and Environment, Do Canh Duong. Among VNSTEEL officials, Nguyen Kim Son and Dang Thuc Khang, both former party chiefs of the company and former board chairmen, were responsible for the violations committed by the firm's standing party committee. Le Phu Hung, former deputy party chief of the company and former general director, and Trinh Khoi Nguyen, member of the firm's standing party committee and deputy general director, were also responsible for violations. Five officials already arrested in connection with the project.

Source : VN Express

voda 12 december 2019 19:42

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Metalloinvest Ural Steel Developing Steel for LNG Business in Arctic

Metalloinvest’s Ural Steel workers and academics from the Central Research Institute of Machine Building are developing technology for the production of heavy plate from new unique steel grades. This plate will be suitable for building equipment designed to receive, transport and store liquefied natural gas in arctic conditions. The technology for producing heavy plate from these new steel grades, which contain nickel and are type 0H6, has been in development since spring 2019. During the autumn, this steel was successfully smelted at Ural Steel and a trial batch of sheets measuring 12-50mm in thickness was rolled. The production of new cryogenic steel grades will allow the Company to reinforce its position on the market for highly-profitable products.

TsNIIMash researchers are currently testing the quality of the metal, as well as the welding and performance characteristics of the trial rolled plate. The new steel grades have superior characteristics as compared to existing Russian and foreign counterparts, and also facilitate a 25% reduction in costs when manufacturing LNG equipment.

Novotroitsk’s steelworkers are experienced in developing and producing metal for cold climates. In November 2019, the collaboration between Ural Steel and the I.P. Bardin Central Research Institute of Ferrous Metallurgy won a gold medal from the organising committee at the 25th International Industry Exhibition Metal-Expo’2019. First place was awarded for the development and industrial use of strip production technology using steel of strength class X70 (K60) for the construction of a gas-collecting network at the Yamal-LNG natural gas production plant.

Source : Strategic Research Institute

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voda 12 december 2019 19:43

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MX3D 3D Prints Structural Steel Connector for Takenaka

Amsterdam-based metal 3D printing company MX3D has revealed collaboration with Japanese architecture and engineering firm Takenaka. Together, the companies designed a Structural Steel Connector, which MX3D then 3D printed using its large scale robotic printing technology, Wire Arc Additive Manufacturing. Once designed, the part was 3D printed by MX3D using Duplex stainless steel, an alloy known for its good mechanical properties and corrosion resistance. The result is a hollow steel structure weighing 40 kg which is designed to be filled with concrete post-printing, for a total weight of about 45 kg. These steel connectors can be used in the construction of buildings.

In civil engineering, filling steel tubes with concrete is a fairly common practice known as Concrete-filled Steel Tube. The process is both effective and economical as adding the concrete core to steel tubes delays the buckling of steel, while the steel structure can bear tensile and bending forces.

In the 3D printing world, MX3D is probably best known for its 3D printed canal bridge project, which has been in the works since 2015. More recently, the company has also worked on a number of interesting initiatives, ranging from an aluminum 3D printed bike to an optimized robotic arm in cooperation with Altair.

Source : Strategic Research Institute

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voda 12 december 2019 19:46

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Nigeria and Russia to Sign MoU to revive Ajokuta Steel Company

Nigerian Minister of Mines and Steel Development Mr Olamilekan Adegbite, disclosed that Nigerian government and Russian Federation are to sign a Memorandum of Understanding in January 2020 towards the resuscitation of the moribund Ajaokuta Steel Company in Kogi State. Mr Adegbite said the federal government is committed to bringing back the steel company which was closed down for several years now. He said " We have taken the first step. Talks are on with the original builders, the Russian Federation and the MoU draft is being studied by both sides. Hopefully sometimes in January 2020, we will probably sign the MoU and once the contractors are identified from the Russian side, the funds are already in place, the work will start.”

He noted that Nigeria would not spend any money as the resuscitation would be funded by the Afrexim Bank and the Russian Export Centre.

Source : Strategic Research Institute

voda 13 december 2019 15:08

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Bundeskartellamt Fines Ilsenburger Grobblech, thyssenkrupp and voestalpine Grobblech for Quarto Steel Plate Cartel

Germany's Federal Cartel Office Bundeskartellamt has imposed fines totalling around 646 million euros on Ilsenburger Grobblech GmbH, thyssenkrupp Steel Europe AG and voestalpine Grobblech GmbH as well as three individuals responsible for exchanging information on and agreeing certain price supplements and surcharges for quarto plates in Germany. The illegal agreement was practised from mid-2002 until June 2016. Dillinger Hüttenwerke, a public limited company which also participated in the agreement, was the first company to cooperate with the Bundeskartellamt and so was granted full immunity from fines. Bundeskartellamt President Mr Andreas Mundt “After the expiry of the ECSC Treaty in July 2002 and until August 2008 representatives of the steel manufacturers regularly met in the so-called Technikerkreis, technical working group, of the Walzstahl-Vereinigung, Rolled Steel Association, and agreed on the most important price supplements and surcharges for specific quarto plates in Germany. In the subsequent years until mid-2016 the companies continued to calculate these price components according to the uniform models agreed on or adopted them in coordination with one another.”

In Germany the price of the quarto plates concerned traditionally consisted of a base price which was individually negotiated with the customer and various price supplements and surcharges. The price supplements were charged for certain quality characteristics such as eg high strength or toughness and also for additional services such as ultrasonic tests. The surcharges are scrap and alloy surcharges for certain material used in the production of some quarto plate products. The basically sector-wide price supplements and surcharges accounted for around 20-25% of the total price of quarto plates and were listed and published in the price lists of the quarto plate manufacturers concerned until the middle of 2016. The agreements were based on the mutual understanding and aim of the companies to negotiate with their customers on the basic prices only and not on the price supplements and surcharges. The traditional pricing system generally became less important in the relevant period.

On 1 July 2016 thyssenkrupp Steel Europe AG brought out a new price list with price supplements and surcharges which greatly deviated from the price model discussed in the Technikerkreis and the resulting prices. This marked the end of the applicability of the price model discussed in the Technikerkreis.

The companies admitted to the accusations made by the Bundeskartellamt and agreed to a settlement. This was taken into account by the Bundeskartellamt when calculating the fines. Voestalpine Grobblech GmbH also cooperated with the Bundeskartellamt in the course of the proceeding, which was also taken into consideration when setting the fine.

The fining decisions are not yet final and can be appealed along with their findings to the Düsseldorf Higher Regional Court.

Quarto plates are hot rolled flat steel products. These are used in particular in steel construction, bridge building, building construction, shipbuilding, boilers and pressure vessels, general mechanical engineering, wind tower and pipeline construction and in the offshore industry. This proceeding does not apply to rust, acid and heat-resistant steels, tool steels and tempered steels and steels for offshore construction according to DIN-EN 10225. It also does not apply to roll-bonded clad plates.

Source : Strategic Research Institute

voda 13 december 2019 15:09

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US DoC Reduces Antidumping Duty on HR Steel form Hyundai Steel

US Department of Commerce has lowered its antidumping duty on hot rolled steel from Hyundai Steel Co and preliminarily determined that the weighted average dumping margin for Hyundai Steel is 0.94 percent, a sharp drop from 5.44 percent in June. The latest move came a year after the department launched an administrative review of the antidumping duty order on hot-rolled steel imported from South Korea from October 1, 2017 through September 30, 2018. The department is expected to issue the final results of its administrative review around June next year.

Hyundai shipped 360,000 tons of hot-rolled steel to the United States during the cited period.

Source : Strategic Research Institute

voda 13 december 2019 15:10

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New Members for the Supervisory Board of thyssenkrupp AG

thyssenkrupp AG Supervisory Board is proposing three new candidates to the Annual General Meeting on January 31, 2020 in Bochum, Ms Birgit A Behrendt, Dr Bernhard Günther and Ms Friederike Helfer as Dr Bernhard Pellens, Carola von Schmettow and Jens Tischendorf are not standing for re election

Ms Birgit A Behrendt, 60, is an experienced industrial manager who trained as an apprentice at Ford Germany, gained a business degree, and rose to the role of Vice President, Joint Ventures and Alliances on the Executive Board of Ford Europe from 2017 to 2019. From 2013 Ms Behrendt was a Corporate Officer of Ford Motor Company and for many years head of global purchasing including supplier quality management at the group’s headquarters in Dearborn in USA. She has been a member of the supervisory board of Kion AG, Frankfurt since 2015 and supervisory board member of Ford Werke GmbH and Ford Holding GmbH, Cologne since 2004, with breaks.

Dr Bernhard Günther, 52, has been Chief Financial Officer of innogy SE, Essen since 2016. Most recently Dr Günther was responsible among other things for the integration project relating to the merger with EON. As CFO at RWE from 2013 to 2016, Dr Günther prepared the carve-out and IPO of innogy SE. Dr Günther’s career at RWE began in 2001 in the controlling department, followed by various roles within RWE Trading & Supply. Previously he had gained a PhD in economics and worked for several years for McKinsey as a management consultant for the auto sector, logistics and IT.

Ms Friederike Helfer, 43, is a partner of Cevian Capital. She is head of the investment company’s Swiss office. She has been with Cevian since 2008 and as a senior member of the pan-European investment team focuses particularly on industrial companies. Ms Helfer is a non-executive member of the Board of Directors of Vesuvius plc, a global leader in molten metal flow engineering and technology. Before joining Cevian, Ms Helfer was a consultant at McKinsey from 2004 to 2008. Ms Helfer has two degrees, an MSc in real estate development from the Massachusetts Institute of Technology and a Dipl Ing in urban planning from the Vienna University of Technology. She is also a Chartered Financial Analyst.

The current shareholder representatives Prof Dr Siegfried Russwurm, Dr Wolfgang Colberg, Dr Ingrid Hengster and Angelika Gifford are standing for re-election at the Annual General Meeting. Ms Martina Merz, Supervisory Board Chairwoman up to September 30, 2019 and currently delegated by the Supervisory Board to the Executive Board of thyssenkrupp AG for a maximum twelve-month period, is also to be re-elected to the Supervisory Board at the Annual General Meeting. It is planned that on her return Martina Merz will again chair the Supervisory Board. It is to be proposed that until then the Supervisory Board elect Prof. Dr. Siegfried Russwurm as its chairman immediately after the Annual General Meeting.

Source : Strategic Research Institute

voda 13 december 2019 15:11

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ATI Expands Long Term Isothermal and Hot Die Forgings supply Pact with GE Aviation

Allegheny Technologies Incorporated announced that it has reached agreement on multiple new long-term contracts with GE Aviation to supply isothermal and hot die forgings used in the manufacture of commercial jet engines. These agreements begin in January 2021 and are multi-year agreements. ATI anticipates revenues totalling approximately USD 2.5 billion over the span of these agreements, averaging over USD 300 million per year. ATI’s President and CEO Mr Robert S Wetherbee said “We are pleased to extend and expand our six decade partnership with GE Aviation. These long-term agreements demonstrate the trust that GE Aviation places in ATI to deliver the highest quality materials and components to their production lines on-time. ATI’s deep materials science expertise and unique process capabilities enable us to partner with our customers to develop and produce the materials and components that enable today’s hotter-burning, more fuel-efficient jet engines.”

A world leader in isothermal forging technologies, ATI operates some of world’s largest isothermal presses in Cudahy in Wisconsin which produce technologically advanced forgings for hot-section jet engine components. Patented SuperCooler technology enables ATI to produce highly sophisticated components that have differing mechanical properties in different parts of the same piece for greater resistance to fatigue and temperature effects. Isothermal presses produce titanium and nickel base alloy forgings up to 45” in diameter and weigh up to 2,000lbs.

Source : Strategic Research Institute

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