Vesuvius, a prominent leader in the refractory industry, has inaugurated its new Mould Flux manufacturing plant in Visakhapatnam, marking a significant milestone in the company’s expansion in India. The new facility is designed to meet the growing demand for flux, which plays a crucial role in the continuous casting process of steel plants. During the […]
In a significant development for the refractory products industry, Resco Products, Inc. (“Resco”), currently under the umbrella of Balmoral Funds LLC (“Balmoral”), has announced a definitive agreement for its acquisition by RHI Magnesita (“RHIM”). The deal, valuing Resco at an enterprise value of up to $430 million, marks a pivotal step in the expansion and […]
In a significant development for India’s steel industry, Man Industries (India) Limited (MIIL), a frontrunner in the provision of steel line pipes for the oil and gas as well as water distribution sectors, has proudly announced the commencement of operations at its Electric Resistance Welded (ERW) Mill under Man Stainless Steel Tubes Limited (MSSTL) located […]
Shyam Metalics, a leading and rapidly expanding integrated metal-producing group, announced its ambitious entry into the aluminium sector with a significant greenfield expansion project. The group plans to invest INR 450 crores to enhance its manufacturing capabilities, focusing on aluminium flat-rolled products. This strategic move is not just about capacity expansion; it’s aimed at generating […]
Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP), a leader in fuel cell technology, has been selected for two significant grants totaling US$40 million from the Hydrogen and Fuel Cell Technologies Office within the U.S. Department of Energy (DOE). These grants, part of the Clean Hydrogen Electrolysis, Manufacturing, and Recycling Program, are earmarked for the construction […]
In a pivotal development for the graphite production industry, Volt Resources Limited (ASX: VRC), a seasoned graphite producer and developer of natural graphite anode materials, has announced through its subsidiary, Volt Energy Materials LLC (“VEM”), the selection of a site for its anticipated natural graphite anode powder production plant in the United States. The plant, […]
In a landmark move for sustainable manufacturing in India, Jubilant Ingrevia Limited has announced a strategic partnership with O2 Renewable Energy XVIII Private Limited, a subsidiary of O2 Power SG PTE. LTD, Singapore. This collaboration signifies a pivotal advancement towards the adoption of renewable energy sources, specifically through hybrid open access combining solar and wind […]