Big River Steel has inked a long-term steel supply agreement with solar power equipment company Array Technologies, Kallanish learns from a company release. The terms of the deal – both in dollars and in tons – were not disclosed. Big River’s Leadership in Energy and Environmental Design (LEED) certification was a major deciding factor for
Read More...Injection molder Axiom Group Inc. expects to spend $20 million to set up shop in Toledo, Ohio, an expansion that will create at least 250 jobs. The Aurora, Ontario-based company plans to locate its first U.S. manufacturing facility in the Overland Industrial Park, on redeveloped land that was once home to a Jeep plant. Regional
Read More...The companies that provide sand for hydraulic fracturing operations are the latest casualties of shale industry cutbacks as low oil prices and demands for higher investor returns stunt drilling activity. Two years ago, U.S. sand companies were racing to open West Texas mines to capitalize on a boom in oil and gas drilling, with more
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Site Selection Managing Editor Featured Speaker at Appalachian Basin Real Estate Conference Penn Valley, PA (BUSINESS WIRE) – Shale Directories announces that Adam Bruns, Site Selection magazine’s managing editor will be its featured speaker at the Inaugural Appalachian Basin Real Estate Conference 12/11 and 12 at Oglebay Resort in Wheeling, West Virginia. Bruns has been
Read More...Brent crude averaged $62.33/bbl last week, as prices rose $1.19/bbl on headline rumors about a U.S.-China trade deal. WTI increased $1.54/bbl to average $56.90/bbl. For the week ahead we expect prices to be range bound. Statements from the White House will likely dampen hopes of a U.S.-China trade deal but rumors out of OPEC are
Read More...Indonesia’s government signed on Nov. 11 a production-sharing contract with units of ConocoPhillips, PT Pertamina and Repsol SA for the Corridor natural gas blocks, Energy and Mineral Resources Minister Arifin Tasrif told reporters. The contract will extend by 20 years the current contract with the same companies that will expire in late 2023. Under the
Read More...Düsseldorf, Germany — Chinese injection press manufacturer Tederic Machinery Co. Ltd. plans to open a U.S. headquarters in the Cleveland area, as Tederic moves to become an international brand. This fall, the company hired machinery veteran Tony Firth as vice president of sales and marketing for Tederic North America Inc. One of his first tasks:
Read More...Düsseldorf, Germany — The Chinese manufacturer of Bole injection molding machinery has opened a U.S. headquarters in Stow, Ohio, near Akron, and hired Alfred Rak as president and CEO. Rak said Bole Machinery Inc. began operations about a year ago in a 25,000-square-foot building. The facility has about 30 Bole injection molding presses in stock.
Read More...Iberia, Ohio — Yizumi-HPM Corp., the U.S. unit of Chinese injection press maker Guangdong Yizumi Precision Machinery Co. Ltd., showed three new injection molding machines at an open house Oct. 30, including the Iberia operation’s first packaging machine. The parent company has been offering machines targeting thin-wall packaging for about five years, but the new
Read More...Lubrizol Life Science has agreed to sell its silicone breast implant manufacturing operation in Franklin, Wis., to Santa Barbara, Calif.-based medical aesthetics company Sientra Inc. Lubrizol Life Science is part of Wickliffe-based specialty chemical company Lubrizol Corp. Sientra will pay $20 million in cash for the breast implant business, a news release stated. The release
Read More...Mar-Bal Inc.’s new product line has moved it into new industry spaces and put a stronger focus on the company’s proprietary products. Chagrin Falls-based Mar-Bal, a compounder and thermoset material molder, acquired AlertTile and Detectable Warning Systems near the end of last year. That means Mar-Bal is now a maker of detectable warning surfaces. Such surfaces,
Read More...Tom ShepstoneShepstone Management Company, Inc. …. …. Andrew Cuomo’s Buffalo Billion sinking of taxpayer monies into Elon Musk’s solar scam has been written down to 8 cents on the dollar; an $884 million loss. Imagine you build a new house in Upstate New York for $300,000. It’s got the latest in appliances and a modern
Read More...Geon Performance Solutions, the former Performance Products and Solutions business of PolyOne Corp. that was sold last month to private investment firm SK Capital Partners for $775 million in cash, soon will have a permanent CEO in place. The company announced in a news release that Tracy Garrison will become CEO in January. He will assume the role now held by Geon’s interim
Read More...Oil and gas firm Aker BP will accelerate the startup of production from Norway’s Aerfugl natural gas field, the company said Nov. 11. In a surprise move, the company now plans to start Aerfugl production in first-half 2020, three years ahead of what had originally been billed as the field’s second phase. Partners in the
Read More...Abu Dhabi National Oil Co. (ADNOC) has extended the deadline for bids for oil and gas exploration until the end of December to give interested companies more time to discuss forming potential consortia, a spokesman said Nov. 11. The new deadline applies to the second bid round for onshore and offshore blocks that the state
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