INTOCAST AG ACQUIRES FLOW CONTROL EXPERT EXUS REFRACTORIES S.P.A 2023-06-05

Jun. 5, 2023 - INTOCAST AG, one of the world’s leading specialists in refractory products, acquires EXUS Refractories S.p.A, based in Avezzano, Italy. The completion of the transaction is still subject to obtaining the authorizations required by applicable law. The acquisition represents another important step in the corporate group’s global expansion strategy and strengthens its position as a…

HarbisonWalker International introduces a new brand identity as a member of… 2023-06-02

Jun. 1, 2023 - HarbisonWalker International (HWI), which announced in February 2023 that it would combine with Calderys, has unveiled a new brand identity. The new look reflects HWI as a member of Calderys, the global refractories company’s brand in the Americas. “The new visual identity of HWI, as a member of Calderys, is a significant step on our journey to form a unified business that in…

Ignite Luxembourg Holdings offers to buy 20% stake in RHI Magnesita 2023-06-02

Jun. 2, 2023 - Ignite Luxembourg Holdings, a company ultimately controlled by transatlantic middle-market private equity firm Rhone Group, offered to buy a 20% stake in RHI Magnesita at £28.50 per share, a premium of almost 40% to the previous closing price. The shares were trading up 462p or 22.5% to £25.20 by mid-morning on heavy volume after the Austria-based RHI Magnes…

Fiven ASA releases first quarter results 2023 2023-05-29

May 26, 2023 - Fiven ASA, the world`s leading producer of silicon carbide has released first quarter results 2023 with highlights as below. 1. The Q1 2023 Total revenues reached EUR 40.5m representing a reduction of -19.4% versus Q1 2022. 2. The adjusted EBITDA was EUR 13.0m, versus EUR 11.9m in Q1 2022 (+9,2%) 3. The EBITDA performance was driven by sustainable growth of the…

Hindalco reports consolidated fourth quarter and FY2023 results 2023-05-29

May 23, 2023 - Hindalco Industries Limited, the Aditya Birla Group metals flagship, reported a consolidated quarterly Net Profit of Rs.2,411 crore, a sequential growth of 77 per cent, driven by a continued focus on cost control and a resilient operational performance by India business. Novelis delivered an improved quarter-on-quarter performance with Net Income of $175 million, up 82 per cent …

thyssenkrupp nucera supplies the electrolyzers for H2 Green Steel to build … 2023-05-22

May 22, 2023 - thyssenkrupp nucera partners with H2 Green Steel in constructing the first large-scale green steel plant in Europe. The standardized 20 MW electrolysis modules “scalum” from the supplier of world-leading electrolysis technology to produce green hydrogen will enable an installed capacity of more than 700 MW. This will also create one of the largest water electrolysis plant…

RHI Magnesita opens its North American Headquarter 2023-05-19

May 18, 2023 - RHI Magnesita is pleased to announce the opening of its North American Headquarters in Tampa, Florida in the United States. The North American headquarters will serve as a regional and international collaboration hub that will be a model for the modern corporate office and bring together employees with diverse backgrounds and areas of specialization. “We look forw…

PYX Resources upbeat about zircon market as production rises 2023-05-18

May 18, 2023 - PYX Resources Ltd (LSE:PYX, NSX:PYX) said it increased production of both mineral sands metals and zircon in its latest quarter from its assets in central Kalimantan, Indonesia. Together, premium zircon, rutile and ilmenite production rose by 29% to 2,500 tonnes (t). Premium zircon output rose by 12%, though sales fell 27% to 1,300t as shipping delays pus…

Financial bids for NMDC Steel soon 2023-05-18

May 18, 2023 - Financial bids for NMDC Steel, which may fetch the government around Rs 11,000 crore for its 50.79% stake, will likely be invited after the company’s brand-new steel plant in Chhattisgarh becomes fully operational in June. Opening of the plant has begun with coke making, an official said, adding that the blast furnace too will likely be functional by June. …

Alcoa and Emirates Global Aluminum sign major, long-term alumina supply agr… 2023-05-16

May 16, 2023 - Alcoa (NYSE:AA) and Emirates Global Aluminium (EGA) announced today a new multi-year agreement for Alcoa to supply EGA with smelter grade alumina. Over the life of the 8-year agreement, which commences in 2024, volume options will allow EGA to procure as much as 15.6 million metric tons of alumina from Western Australia. The supply agreement will represent a signi…

How Puneet Dalmia is steering growth at the cement major Dalmia Bharat? 2023-05-16

May 14, 2023 - "It was a mess,” says Puneet Dalmia in a calm voice. Dressed casually in a T-shirt, the Managing Director of Dalmia Bharat Group is all keyed up when he talks about the cement business. The “mess” he is referring to is in connection with the buyout of Murli Industries, a Nagpur-based company, announced in late 2017 through the IBC process. The Rs 402-crore acquisition brou…

Shandong Nanshan may expand Indonesia site into $6 billion aluminium comple… 2023-05-15

May 15, 2023 - China's Shandong Nanshan plans to expand its new Indonesian alumina plant to a $6 billion aluminium smelting complex by 2028, a company executive said, which would be among the largest foreign investments in the resource-rich nation. Shandong Nanshan is among a growing group of private Chinese companies making multi-billion-dollar investments in Southeast Asia in s…

RHI Magnesita reports positive results in first quarter of 2023 2023-05-06

May 5, 2023 - RHI Magnesita, the leading global supplier of high‐grade refractory products, systems and solutions, today provides an update on trading for the three months to 31 March 2023 (‘Q1’). Q1 trading The momentum of improving EBITA and EBITA margins established in 2022 continued through the first quarter as lower cost inflation offset an expected reduction in sales volume…

ASI certifies Hindalco Industries’ Taloja Works against Performance Standar… 2023-05-04

May 1, 2023 - Hindalco Industries Ltd has achieved ASI Performance Standard V2 (2017) Certification for its Taloja Works sheet rolling operation in the Raigad district of Maharashtra, India. This is Hindalco’s third ASI-certified rolling facility after its Mouda and Hirakud FRP rolling plants, which achieved Performance Standard Certification in February 2022 and December 2022 respectively. …

New shared directorship: Roberto Wurst becomes Executive Director at CREMER… 2023-05-02

May 2, 2023 - Starting 2 May 2023 there will be a new second Executive Director at CREMER ERZKONTOR: Roberto Wurst. He succeeds Jan Weber, who left the company in October 2022. With this move, this Lübeck, Germany-based end-to-end raw materials supplier has reinforced its top leadership. Effective immediately, Roberto Wurst is responsible for the Chemicals Division, Key Account Management an…