Steel

Lincoln Electric Appoints Susan C. Edwards as Chief Human Resources Officer

Retrieved on: 
Thursday, April 4, 2024
Technology, Steel, Human Resources, Engineering, Professional Services, Software, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Electronic Design Automation, Marquette University, Business administration, Leslie Controls, East Tennessee State University, Acquisition, Snap-on, Lear Corporation, Dana Incorporated, CHRO, International business, Multimedia, Lincoln Electric, Sealed Air, Management

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”) announced today that Susan C. Edwards has joined the Company to serve as Senior Vice President, Chief Human Resources Officer (CHRO), effective April 8, 2024.

Key Points: 
  • Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”) announced today that Susan C. Edwards has joined the Company to serve as Senior Vice President, Chief Human Resources Officer (CHRO), effective April 8, 2024.
  • Edwards succeeds Michele Kuhrt, who was recently named, Executive Vice President, Chief Transformation Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240404795428/en/
    Susan Edwards appointed as new CHRO at Lincoln Electric.
  • Copyright Lincoln Electric
    “I am pleased to welcome Susan to the Lincoln Electric team and look forward to the value she will bring from her extensive HR leadership experience with global industrial companies,” stated Steven B. Hedlund, Lincoln Electric’s President and Chief Executive Officer.

Barnes Announces Completion of Previously Announced Sale of Associated Spring™ and Hänggi™ Businesses

Retrieved on: 
Thursday, April 4, 2024
Engineering, Chemicals, Plastics, Aerospace, Manufacturing, Other Manufacturing, Steel, Barnes Group, Sale, Acquisition, Associated

Barnes Group Inc. (NYSE: B) today announced the completion of its previously announced sale of its Associated Spring™ and Hänggi™ businesses to One Equity Partners.

Key Points: 
  • Barnes Group Inc. (NYSE: B) today announced the completion of its previously announced sale of its Associated Spring™ and Hänggi™ businesses to One Equity Partners.
  • “The sale of Associated Spring and Hänggi businesses is an important step in our ongoing portfolio optimization strategy to deliver improved shareholder value,” said President and CEO Thomas Hook.
  • “This divestiture forwards our progress to integrate, consolidate and rationalize our Industrial business, while our recent acquisition of MB Aerospace greatly scales our Aerospace business.
  • Net cash proceeds of approximately $140 million will be used to reduce debt.

ION Clean Energy Announces $45 Million Investment from Chevron New Energies and Carbon Direct Capital and Leadership Transition

Retrieved on: 
Thursday, April 4, 2024
Utilities, Oil, Gas, Mining, Minerals, Environmental Health, Alternative Energy, Forest Products, Energy, Natural Resources, Environment, Steel, Green Technology, Chemicals, Plastics, Manufacturing, Carbon, CNE, LLP, Investment, CCUS, Primary energy, ION, EPC

ION Clean Energy (ION) announces it has raised $45 million from Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., who is leading the round, and Carbon Direct Capital.

Key Points: 
  • ION Clean Energy (ION) announces it has raised $45 million from Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., who is leading the round, and Carbon Direct Capital.
  • ION is a Boulder-based technology company that provides post-combustion point-source capture technology through its third-generation ICE-31 liquid amine system.
  • The capital raised will continue to fund ION’s organizational growth and commercial deployment of its ICE-31 liquid amine carbon capture technology for hard-to-abate emissions.
  • “This capital allows us to accelerate the commercial deployment of our carbon capture technology.”
    CIBC Capital Markets served as the exclusive financial advisor to ION for the raise.

Laser Photonics’ CleanTech Laser Cleaning Revolutionizes Nuclear Decontamination Processes

Retrieved on: 
Thursday, April 4, 2024
Technology, Engineering, Other Energy, Utilities, Manufacturing, Nuclear, Energy, Machine Tools, Metalworking & Metallurgy, Other Science, Environment, Other Technology, Science, Other Manufacturing, Steel, Health, Longevity, LPC, Face, MRO, Power plant engineering, Clean technology, ALARA, Renewable energy

Laser Photonics Corporation (LPC), a leading global developer of industrial laser systems for laser cleaning and other material processing applications, highlights a key application for its CleanTech laser systems in the nuclear power industry.

Key Points: 
  • Laser Photonics Corporation (LPC), a leading global developer of industrial laser systems for laser cleaning and other material processing applications, highlights a key application for its CleanTech laser systems in the nuclear power industry.
  • LPC's CleanTech laser cleaning technology offers a safe and effective solution for nuclear facility maintenance, addressing the challenges posed by traditional cleaning methods like sandblasting, water blasting, power tool grinding, or chemical cleaning.
  • "Nuclear industry professionals have greatly benefited from using our laser cleaning technology in solving unique maintenance challenges that commonly used processes are unable to meet," said Wayne Tupuola, CEO of Laser Photonics.
  • "CleanTech has multiple applications for nuclear facilities operations, such as cleaning storage tanks, removing radioactive substance layers and maintenance of nuclear reactor parts."

Cardinal Glass Turns to Korbyt to Enhance Communication and Engagement at the Company’s Tennessee Manufacturing Facility

Retrieved on: 
Thursday, April 4, 2024
Automotive Manufacturing, Aerospace, Manufacturing, Audio, Video, Other Technology, Software, Finance, Networks, Internet, Banking, Professional Services, Data Management, Technology, Other Manufacturing, Textiles, Steel, Packaging, Engineering, Chemicals, Plastics, Attention, Glass, Growth, Communication, Digital, Partnership, Knowledge, News, Digital signage, Safety, Workforce, Feedback, Sales

Korbyt , the omnichannel workplace communications platform that gives employees access to organizational resources on any screen, collaborated with Cardinal Glass to enhance communication and engagement at the company’s Church Hill, TN facility.

Key Points: 
  • Korbyt , the omnichannel workplace communications platform that gives employees access to organizational resources on any screen, collaborated with Cardinal Glass to enhance communication and engagement at the company’s Church Hill, TN facility.
  • Cardinal Glass , a global leader in the glass development industry, faced significant challenges in effectively communicating with employees.
  • From conveying essential safety information to providing production data for continuous improvement, Cardinal Glass sought to bridge the communication gap and enhance employee engagement and satisfaction.
  • In the company’s quest for a suitable digital signage solution , the Cardinal Glass facility had previously utilized another digital signage solution focused on safety messaging.

Webcast Alert: Olympic Steel to Announce First-Quarter 2024 Financial Results After Market Closes on May 2, 2024

Retrieved on: 
Wednesday, April 3, 2024
Construction & Property, Other Manufacturing, Steel, Building Systems, Machine Tools, Metalworking & Metallurgy, Engineering, Chemicals, Plastics, Manufacturing, Webcast, Olympic Steel, ZEUS

Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its first-quarter 2024 financial results after the market closes on May 2, 2024.

Key Points: 
  • Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, intends to release its first-quarter 2024 financial results after the market closes on May 2, 2024.
  • A webcast to discuss these results will be held on Friday, May 3, 2024 at 10:00 a.m. Eastern Time.
  • Olympic Steel webcast participants include Richard T. Marabito, Chief Executive Officer, Andrew Greiff, President and Chief Operating Officer and Richard A. Manson, Chief Financial Officer.
  • If you are unable to listen to the live event, the webcast will be archived and available for replay on the company’s website.

Travis St. Pierre Named President of Audubon Engineering Company LP

Retrieved on: 
Wednesday, April 3, 2024
Steel, Packaging, Other Energy, Engineering, Utilities, Chemicals, Plastics, Oil, Gas, Alternative Energy, Manufacturing, Energy, Electricity, Electrical engineering, Multimedia, Growth, Louisiana State University, EPC, Management

Today, Audubon Engineering Company LP (Audubon), a leading provider of integrated engineering, procurement, construction (EPC), fabrication, and technical solutions, announced the promotion of Travis St. Pierre , PE, to President of Audubon’s engineering group.

Key Points: 
  • Today, Audubon Engineering Company LP (Audubon), a leading provider of integrated engineering, procurement, construction (EPC), fabrication, and technical solutions, announced the promotion of Travis St. Pierre , PE, to President of Audubon’s engineering group.
  • Reporting to Chief Executive Officer David Robison, Travis will lead Audubon’s engineering operations, which offer integrated project services across the energy and industrial sectors .
  • View the full release here: https://www.businesswire.com/news/home/20240403692665/en/
    Travis St. Pierre, President of Audubon Engineering Company LP (Photo: Business Wire)
    In his new role as president, Travis will drive growth in various new and existing business units throughout the engineering company and will support integration with Audubon’s affiliate companies, which focus on field services , construction , and fabrication .
  • Audubon CEO David Robison noted: “Travis’s promotion is a testament to his experience and leadership of our global engineering group.

U. S. Steel and CarbonFree Sign Definitive Agreement to Capture Carbon Dioxide Emissions at One of the Largest North American Integrated Steel Mills

Retrieved on: 
Wednesday, April 3, 2024
Chemicals, Plastics, Environment, Manufacturing, Sustainability, Green Technology, Steel, Atmosphere, U.S. Steel, Paint, Carbon accounting, Partnership, Calcium carbonate, History, Carbon footprint, Transport, Carbon, Senior, Plastic, Fluor Corporation, Multimedia, Skycycle, Gary Works, Paper, Boilermaker

United States Steel Corporation (U. S. Steel) (NYSE: X) and CarbonFree , a leader in carbon capture technology, today announced the signing of a definitive agreement to capture carbon emissions generated from U. S. Steel’s Gary Works Blast Furnaces in a first-of-its-kind project.

Key Points: 
  • United States Steel Corporation (U. S. Steel) (NYSE: X) and CarbonFree , a leader in carbon capture technology, today announced the signing of a definitive agreement to capture carbon emissions generated from U. S. Steel’s Gary Works Blast Furnaces in a first-of-its-kind project.
  • Photo Credit: Fluor Corporation
    U. S. Steel’s involvement aligns with its goal of reducing greenhouse gas emissions intensity 20% by 2030 and achieving net-zero emissions by 2050.
  • In addition, the initial SkyCycle project responds to the increasing demand for low emissions products, such as verdeX™ advanced sustainable steel, from customers.
  • “At CarbonFree, we are pioneering profitable carbon capture utilization through disruptive specialty chemical manufacturing using waste carbon dioxide as a primary feedstock.

Paragon Metals Appoints Automotive Industry Veteran Marty Miller as CEO

Retrieved on: 
Wednesday, April 3, 2024
Consulting, Automotive Manufacturing, Manufacturing, Professional Services, Transport, Other Manufacturing, Other Professional Services, Steel, Logistics, Supply Chain Management, Insurance, Finance, Growth, Executive, Metal, Investment, Management

Paragon Metals, LLC , (“Paragon” or the “Company’) today announced the appointment of Marty Miller to Chief Executive Officer, reporting to the Board of Directors.

Key Points: 
  • Paragon Metals, LLC , (“Paragon” or the “Company’) today announced the appointment of Marty Miller to Chief Executive Officer, reporting to the Board of Directors.
  • Mr. Miller replaces Eric Krepps, interim CEO, who will take on the role of Executive Chairman of the Board.
  • Before joining Paragon, Mr. Miller was Chief Executive Officer of TSM Corporation, a precision machining company serving the automotive industry.
  • In addition to its manufacturing facilities in southern Michigan, Paragon maintains a strong network of strategic outsourcing partners in several countries.

Lincoln Electric Appoints Michele R. Kuhrt as Chief Transformation Officer

Retrieved on: 
Wednesday, April 3, 2024
Aerospace, Manufacturing, Defense, Other Technology, Contracts, Electronic Design Automation, Technology, Other Energy, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Other Manufacturing, Steel, Packaging, Nuclear, Engineering, Automation, PwC, Case Western Reserve University, Information technology, Senior, Public Account, ABB, LBS, Multimedia, Lincoln Electric, Human resources, CPA, Management

Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”), announced today that Michele R. Kuhrt has been appointed as Executive Vice President, Chief Transformation Officer (CTO), effective April 8, 2024.

Key Points: 
  • Lincoln Electric Holdings, Inc. (Nasdaq: LECO) (“Company”), announced today that Michele R. Kuhrt has been appointed as Executive Vice President, Chief Transformation Officer (CTO), effective April 8, 2024.
  • She will continue to serve as a member of the executive leadership team and report to Steven B. Hedlund, President and Chief Executive Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240403151965/en/
    Michele Kuhrt appointed as Executive Vice President, Chief Transformation Officer at Lincoln Electric.
  • “I am excited to appoint Michele as our first Chief Transformation Officer,” stated Mr. Hedlund.