Steel

Latin America Construction Equipment Market Strategic Assessment & Forecast 2024-2029, Featuring Key Vendors Caterpillar, Komatsu, Hitachi, XCMG, Liebherr and Volvo Construction Equipment - ResearchAndMarkets.com

Retrieved on: 
Monday, April 1, 2024
Other Construction & Property, Machinery, Construction & Property, Manufacturing, Lithium, Construction, Molybdenum, BYD, Liebherr, Silver, Original equipment manufacturer, Development finance institution, Steel, Gold, Copper, Metal, Growth, Water resources, Carbon, Nickel, XCMG, Investment, Komatsu, Water, Iron, BIM, Manitou, Caterpillar, Airport, Aluminium, USD, Link Belt, Hitachi, Government, Drinking water, Mining, Airline

Caterpillar, Komatsu, Hitachi, XCMG, Liebherr & Volvo Construction Equipment have a substantial market share in the Latin America construction equipment market.

Key Points: 
  • Caterpillar, Komatsu, Hitachi, XCMG, Liebherr & Volvo Construction Equipment have a substantial market share in the Latin America construction equipment market.
  • Earthmoving equipment accounted for the largest market share in the Latin America construction equipment market in 2023.
  • Brazil is the largest market in Latin America construction equipment market.
  • The demand for this equipment will grow sharply in the Latin America construction equipment market in 2024.

GrafTech’s Board of Directors Issues Open Letter to Stockholders

Retrieved on: 
Tuesday, April 2, 2024
Technology, Steel, Chemicals, Plastics, Alternative Energy, Manufacturing, Energy, Mining, Minerals, Hardware, Consumer Electronics, Natural Resources, Chair, Letter, Growth, Partnership, International, Accounting, Strategic planning, Public expenditure, Electrode, Security (finance), Record, Judgement, Carbon, Climate change mitigation, GrafTech, Investment, File, Seadrift, Texas, EAF, Annual general meeting, Iron

GrafTech’s Board of Directors (the “Board”) also issued a letter to the Company’s stockholders in connection with the filing.

Key Points: 
  • GrafTech’s Board of Directors (the “Board”) also issued a letter to the Company’s stockholders in connection with the filing.
  • He cites as his relevant board experience his tenure on the board of his children’s school and his condominium association.
  • Moreover, the current Board reflects substantial board refreshment, consistent with its strategy, as 75% of the Board’s current directors have been added since October 2021.
  • In fact, in the open letter Mr. Undavia issued to GrafTech stockholders on March 12, 2024, he all but acknowledged Mr. Taccone’s deep knowledge of the global steel industry.

Lifezone Metals Announces Publication of Inaugural Annual Report

Retrieved on: 
Monday, April 1, 2024
Automotive, Other Manufacturing, Other Science, Steel, Chemicals, Plastics, Sustainability, Automotive Manufacturing, Recycling, Manufacturing, Environment, Other Energy, Finance, Other Automotive, Alternative Energy, Machine Tools, Metalworking & Metallurgy, Energy, Professional Services, Mining, Minerals, Science, Natural Resources, Bank statement, EDGAR, Metal, Annual report, LZM

Lifezone Metals Limited (NYSE: LZM) is pleased to announce the publication of its inaugural Annual Report for 2023, marking a significant milestone for Lifezone as a public company.

Key Points: 
  • Lifezone Metals Limited (NYSE: LZM) is pleased to announce the publication of its inaugural Annual Report for 2023, marking a significant milestone for Lifezone as a public company.
  • The Annual Report highlights Lifezone’s achievements in the past year and can be accessed here .
  • In conjunction with the Annual Report, Lifezone’s full-year and Q4 2023 financial results have been filed on Form 20-F with the United States Securities and Exchange Commission (“SEC”) available on EDGAR .
  • The Annual Report and Form 20-F are available on Lifezone’s investor relations website .

Leading Independent Proxy Advisory Firms ISS and Glass Lewis Recommend U. S. Steel Shareholders Vote “FOR” the Pending Transaction with Nippon Steel Corporation (NSC)

Retrieved on: 
Friday, March 29, 2024
Steel, Manufacturing, Institutional Shareholder Services, U.S. Steel, Glass Lewis, Goldman Sachs, CLF, USS, Proxy, Risk, Nippon Steel, Evercore, Cleveland-Cliffs, ISS, NSC, Barclays

S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.

Key Points: 
  • S. Steel”) today announced that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that U. S. Steel shareholders vote “FOR” the pending transaction with Nippon Steel Corporation (“NSC”) (TSE: 5401) at the upcoming special meeting on April 12, 2024.
  • “There is no doubt that the offer represents a meaningful premium for shareholders resulting from a thorough and competitive sales process.
  • Importantly, U. S. Steel will retain its headquarters in Pittsburgh, Pennsylvania and together with NSC will bolster and grow U. S. Steel in the U.S. market in a way that prioritizes our talented employees and union members.
  • Milbank LLP and Wachtell, Lipton, Rosen & Katz are acting as legal advisors.

Fonon Highlights BlackStar Wafer Dicing Machine for Semiconductor Industry Applications

Retrieved on: 
Friday, March 29, 2024
Semiconductor, Security, Manufacturing, Audio, Video, Other Science, Other Technology, Networks, Hardware, Electronic Design Automation, Science, Consumer Electronics, Technology, Mobile, Wireless, Robotics, Other Manufacturing, Steel, Engineering, Machine Tools, Metalworking & Metallurgy, Chemicals, Plastics, Fantom, Germanium, Blackstar (TV series), Common, Corporation, Silicon, Water, Fracture

Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights its BlackStar Wafer Dicing Machine for applications in the semiconductor industry.

Key Points: 
  • Fonon Corporation , a multi-market holding company, R&D center, equipment designer and manufacturer of advanced laser material processing systems for subtractive and additive manufacturing, highlights its BlackStar Wafer Dicing Machine for applications in the semiconductor industry.
  • The manufacturing of semiconductor chips involves cutting, or singulating, small-scale dies out of silicon wafers.
  • Fonon’s FWLD technology allows for the production of multiple size dies on the same wafer and the dicing of complex shapes.
  • The BlackStar can dice a wide variety of semiconductor materials, including silicon, gallium arsenide, germanium, indium phosphide, silicon carbide, gallium nitride, gallium phosphide and other compound materials.

Resco Products to be Acquired by RHI Magnesita

Retrieved on: 
Friday, March 29, 2024
Professional Services, Other Manufacturing, Manufacturing, Finance, Health, Steel, Partnership, London Stock Exchange, RHI Magnesita, Robin, Glass, Safety, Jefferies Group, Renewable energy

Resco Products, Inc. (“Resco”), a portfolio company of Balmoral Funds LLC (“Balmoral”), today announced that it has entered into a definitive agreement to be acquired by RHI Magnesita (“RHIM”) for an enterprise value of up to $430 million.

Key Points: 
  • Resco Products, Inc. (“Resco”), a portfolio company of Balmoral Funds LLC (“Balmoral”), today announced that it has entered into a definitive agreement to be acquired by RHI Magnesita (“RHIM”) for an enterprise value of up to $430 million.
  • Resco customers will also benefit from RHIM’s vertically-integrated business model, creating a shorter, more resilient and more secure supply chain.
  • “This transaction is a testament to our successful transformation over the past two years, all underpinned by a safety-first culture.
  • “Working together, we significantly improved Resco’s operations, ultimately transforming the business and realizing a successful outcome for this investment.

Race Rock Announces Acquisition of Texas Corrugators

Retrieved on: 
Thursday, March 28, 2024
Other Transport, Other Manufacturing, Construction & Property, Steel, Transport, Utilities, Manufacturing, Energy, Other Construction & Property, JPMorgan Chase, History, LLP, Acquisition, Telecommunications, Multimedia, Triangle

Race Rock, a nationwide manufacturer and supplier of critical infrastructure products and solutions for transportation, energy transmission/distribution, telecommunications, and other end markets, has acquired Texas Corrugators – Austin Division, LLC (Texas Corrugators).

Key Points: 
  • Race Rock, a nationwide manufacturer and supplier of critical infrastructure products and solutions for transportation, energy transmission/distribution, telecommunications, and other end markets, has acquired Texas Corrugators – Austin Division, LLC (Texas Corrugators).
  • Texas Corrugators, based in Hutto, TX, supplements Race Rock’s existing Texas operations in Fort Worth and Houston, as well as its other manufacturing sites in Glastonbury, CT and Marion, OH.
  • Donald W. Young, Chairman and CEO of Race Rock, commented: “We couldn’t be more excited about the overall growth trends in Texas, and believe this acquisition positions us well to continue serving this growing market and its infrastructure needs for years to come.”
    Ryan Cole, President of Texas Corrugators, added: “Becoming part of the Race Rock team made a lot of sense as the next step in the Texas Corrugators growth story.
  • Locke Lord LLP acted as legal counsel to Race Rock.

SunCoke Energy, Inc. Issues 2023 Sustainability Report

Retrieved on: 
Thursday, March 28, 2024
Other Energy, Environment, Manufacturing, Sustainability, Coal, Energy, Steel, Electricity, Culture, MACT, Steam, Occupational safety and health, EPA, Safety, Coke, Total Recordable Incident Rate, Renewable energy

SunCoke Energy, Inc. (NYSE: SXC), the largest independent producer of high-quality coke in the Americas, has published its 2023 Sustainability Report.

Key Points: 
  • SunCoke Energy, Inc. (NYSE: SXC), the largest independent producer of high-quality coke in the Americas, has published its 2023 Sustainability Report.
  • As such, SunCoke forms an essential part of the supply chains that depend on steel to build sustainable energy infrastructure and solutions.
  • This year’s Sustainability Report showcases our culture of innovation and continuous improvement across our Sustainability Foundations.
  • I want to thank the SunCoke team for their effort and dedication throughout the year,” said Katherine Gates, President of SunCoke.

ONX Homes Launches X+ Construction Systems Factory in Pompano Beach, Florida

Retrieved on: 
Thursday, March 28, 2024
Other Manufacturing, Steel, Technology, Engineering, Family, Public Policy, Government, Manufacturing, Consumer, Building Systems, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Utilities, Urban Planning, Interior Design, Energy, Other Technology, Architecture, State, Local, Climate change, Pompano, Wind, Insurance, Housing, Home, Multimedia

Onx Homes , a homebuilder pioneering a new era of construction and design, announced the launch of its X+ Construction Systems Factory in Pompano Beach, Fla.

Key Points: 
  • Onx Homes , a homebuilder pioneering a new era of construction and design, announced the launch of its X+ Construction Systems Factory in Pompano Beach, Fla.
  • View the full release here: https://www.businesswire.com/news/home/20240328614316/en/
    Onx Homes CEO and Cofounder Ash Bhardwaj kicks off Pompano Beach X+ Construction Systems Factory launch.
  • “The X+ Construction Systems Factory launch is the linchpin to our future progress,” said Bhardwaj.
  • Today, the tech-led homebuilder has twelve communities of single-family homes and townhouses located throughout Miami-Dade County, Southwest Florida and Central Florida, which the X+ Systems factory will continue to supply.

Slip Robotics Wins Best New Innovation in the Supply Chain at MODEX 2024

Retrieved on: 
Thursday, March 28, 2024
Technology, Professional Services, Other Manufacturing, Textiles, Steel, Robotics, Packaging, Engineering, Chemicals, Plastics, Transport, Automotive Manufacturing, Other Technology, Aerospace, Logistics, Supply Chain Management, Manufacturing, Hardware, Finance, MHI, GE Appliances, Safety, Valeo, Multimedia, Warehouse

Slip Robotics, a warehouse robotics company, was presented with the MHI Innovation Award for Best New Innovation for its SlipBot ALR (automated loading robot).

Key Points: 
  • Slip Robotics, a warehouse robotics company, was presented with the MHI Innovation Award for Best New Innovation for its SlipBot ALR (automated loading robot).
  • View the full release here: https://www.businesswire.com/news/home/20240328381793/en/
    The SlipBot from Slip Robotics won the Best New Innovation in the supply chain at MODEX 2024.
  • (Photo: Business Wire)
    The MHI Innovation Awards provide valuable insights on the latest manufacturing and supply chain innovative products and services.
  • SlipBots were on display and used in live demonstrations at the Slip Robotics booth at MODEX 2024.