Heidelberg Materials to close two plants in France 2024-04-05

Apr. 5, 2024 - Heidelberg Materials has announced plans to close two of its plants in France - Beffes and Villiers-au-Bouin - by October 2025. This move is part of the company's restructuring efforts aimed at accelerating its decarbonisation efforts and focusing more on low-carbon products. The decision comes amid a decline in cement sales in France, attributed to weak demand in …

SSAB continues the transformation with a fossil-free mini-mill in Luleå, Sw… 2024-04-03

Apr. 3, 2024 - SSAB’s Board of Directors have today taken the decision to proceed with the next step in SSABs transition, building a state-of-the-art fossil-free mini-mill in Luleå, Sweden. When completed SSAB will close the current blast furnace-based production system. This will reduce Sweden’s CO2 emissions with 7% in addition to the 3% from the Oxelösund mill conversion…

Şişecam announces world’s largest glass production complex in Eskişehir 2024-04-03

Apr. 2, 2024 - Şişecam has ignited its new glass packaging furnace in Eskişehir and put its glassware furnace into operation after cold repair. With these significant investments, totalling USD 174 million, Şişecam’s consolidated production capacity for glass packaging and glassware in Eskişehir has reached approximately 1 million tonnes. This milestone establis…

RHI Magnesita announces intention to acquire Resco Group 2024-03-30

Mar. 30, 2024 - RHI Magnesita announces its intention to acquire Resco Group, a US based producer of alumina monolithics and wide range of basic and non-basic refractories, for an enterprise value of up to $430 million. About Resco                                          &nb…

TRL Krosaki takes a giant leap towards sustainability by switching over to … 2024-03-23

Mar. 22, 2024 - TRL Krosaki Refractories Limited, as part of its commitment towards conducting business in a sustainable way, has taken a massive step forward by introducing Natural Gas in place of Furnace Oil, High Speed Disel, Coal, etc. as a fuel in its thermal units. The use of Natural Gas, being a cleaner fuel, shall be maximized across all kilns and furnaces, thereby eliminating and mini…

Walkabout Resources to commission Tanzanian Lindi Jumbo Graphite Mine 2024-03-22

Mar. 21, 2024 - Walkabout Resources Ltd is pleased to announce that the necessary approval has been obtained to use and operate the Tailings Storage Facility (TSF) at the Company’s Lindi Jumbo Graphite Mine in Tanzania. The 28.3 hectare TSF has been designed and constructed to the highest international standards for the safe and environmentally sound deposition of graphite taili…

Graphite One to build a advanced graphite material processing plant in Ohio 2024-03-21

Mar. 20, 2024 - Graphite One Inc. plans to transform a former national defense critical minerals stockpile site in Ohio into a domestic source of the graphite anode material going into the lithium-ion batteries powering electric vehicles and storing renewable energy. "Graphite One is delighted to announce that, subject to financing, we will be building our advanced graphite material p…

Posco Future M hits record sales in 2023 2024-03-20

Mar. 20, 2024 - According to Posco Future M, it broke the record in revenue last year, driven by large-scale supply deals of electric vehicle battery materials. According to the company’s financial result, annual sales revenue soared 44.2 percent on-year to 4.76 trillion won ($3.57 billion) in 2023. In particular, sales of the battery materials business skyrocketed 73.4 percent …

POSCO INTERNATIONAL aims to complete global production cluster for traction… 2024-03-18

Mar. 18, 2024 - The new president of POSCO INTERNATIONAL, Lee Kye-In, has chosen the global expansion of traction motor cores as his first move after taking office. At the board of directors meeting held on Feb. 23, POSCO INTERNATIONAL (President Lee Kye-In) approved the construction of a new plant in Poland and a second plant in Mexico, completing the blueprint for the ‘era of produci…

Magna to exploit the magnesite mine in Erdiz 2024-03-15

Mar. 15, 2024 - The Government of Navarra approved the project as a supramunicipal impact plan (PSIS) on Jan. 17, 2024, so Magnesitas Navarras, S.A. will be able to exploit the mine it intends to open in Erdiz for 25 years. According to the operator Magnesitas, in the Erdiz area there are 11.8 million tonnes of magnesite ore, of which 600,000 tonnes would be obtained annually. Th…

Siam Refractory Industry organized the Agent Forum 2024 2024-03-14

Mar. 1, 2024 - The Siam Refractory Industry Co., Ltd. organized the Agent Forum 2024 inviting international agents during 26 - 28 February 2024 at Renaissance Pattaya Resort and Spa. This event was honored by the presence of Mr. Atthapol Phongcharoensuk, Managing Director of the Siam Refractory Industry Co., Ltd, as the chairman of the Forum. This is a crucial platform for Siam Refractory…

ArcelorMittal acquires strategic stake in Vallourec 2024-03-14

Mar. 12, 2024 - ArcelorMittal (the ‘Company’) today announces that it has signed a Share Purchase Agreement to acquire 65,243,206 shares, representing c.28.4% equity interest in Vallourec, for €14.64 per share from Funds managed by Apollo Global Management, Inc., for a total consideration of approximately €955 million. Transaction closing is subject to regulatory approvals and is expected …

Fiven ASA releases fourth quarter results of 2023 2024-03-14

Mar. 14, 2024 - Fiven ASA has released the fourth quarter results 2023 as below: 1. The total revenues in Q4 2023 reached EUR 35.7m, a sequential improvement from Q3-2023 of 3.3% and a reduction of -22.8% versus Q4 2022. Excluding exceptional one-off sales in Q4 2022, organic variation of sales amounts to -15.5%. Vs Q4 2021, organic variation from revenues amounts to -3.7%. …

Morgan Advanced Materials revenue up by 0.2% in 2023 2024-03-13

Mar. 12, 2024 - Morgan Advanced Materials today annuances the financial result in 2023. Group revenue was £1,114.7 million (2022: £1,112.1 million), an increase of 0.2% on a reported basis compared with 2022. On an organic constant-currency basis revenue increased by 2.5%. Adjusted operating profit £120.3m, a decline of 20.3% on a reported basis. Group highligh…

Alcoa agrees US$2.2bn deal to acquire Alumina Ltd 2024-03-12

Mar. 12, 2024 - Alcoa is set to secure its position as one of the world’s largest alumina and bauxite producers with the US$2.2bn acquisition of Alumina. The companies have entered into a transaction process and exclusivity deed to finalise the deal which will advance Alcoa’s position as a pure-play upstream aluminium company. Alumina’s board of directors intends to recommend …