Frankfurt/Main – In November 2019, incoming orders in the mechanical engineering sector in Germany fell by 15 percent in real terms compared with the previous year. While orders from domestic customers fell by 15 percent, foreign customers ordered 14 percent fewer machines.
Düsseldorf – Taiwanese steel producer China Steel Corporation (CSC) has awarded SMS Mevac the order to revamp the oldest of the RH units at its No. 1 steel works in Kaoshiung. SMS Mevac will equip the RH unit with a new, four-stage steam jet vacuum pump.
Brussels – Duplex stainless steels form the latest family of stainless steels, tested as early as in the 1930’s and mass produced from the 1970’s onwards. Their excellent mechanical properties and their corrosion resistance have made them a first choice material for high-load applications in corrosive environments.
Washington – Global growth is expected to recover to 2.5 percent in 2020 — up slightly from the post-crisis low of 2.4 percent registered last year amid weakening trade and investment.
Lucerne – Schmolz + Bickenbach, a global leader in special long steel, informs that its share capital recorded in the commercial register was increased to 2,028,333,333 shares with a nominal value of CHF 0.30 each.
Düsseldorf – Al Gharbia Pipe Company has successfully taken into operation its new LSAW (Longitudinal Submerged Arc Welded) pipe plant. The new LSAW large-diameter pipe production facility was built at the Khalifa Industrial Zone Abu Dhabi (KIZAD), by a consortium of Larsen & Toubro Limited and SMS group.
