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primetals

Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

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Deal would make MHMM sole owner of Primetals Technologies

Mitsubishi-Hitachi Metals Machinery (MHMM) and Siemens have reached agreement for MHMM to acquire Siemens’ 49 percent stake in Primetals Technologies.

Closing of the transaction is subject to customary conditions and is expected by early 2020.

Siemens will support the process to ensure a successful closing of the transaction. Following closing, MHMM will assume sole control of Primetals Technologies. Financial details of the transaction were not disclosed. [Read more…] about Mitsubishi-Hitachi Metals Machinery to acquire Siemens’ stake in Primetals Technologies

Primetals Technologies to supply automation technology to Ulsan Aluminum

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Primetals Technologies has received an order from Ulsan Aluminum Ltd., a Korean aluminum producer, to supply new automation technology to the company’s hot rolling mill and cold rolling mill no. 2 in Ulsan in the southeast of Korea.

Both the hot rolling mill and cold rolling mill no. 2 will be equipped with new technological control systems based on a new automation platform. The new automation technology will improve the reliability and availability of the rolling mills.

Ulsan Aluminum Ltd. was founded by Novelis and Kobe Steel as a joint venture company in 2017. The Ulsan plant produces rolled aluminum plates for the Asian markets of the beverage and electronics industries, the transportation sector and the construction business.

[Read more…] about Primetals Technologies to supply automation technology to Ulsan Aluminum

Primetals Technologies to build wire rod mill for Indian company JSW Steel

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To keep up with growing market demand, JSW Steel Limited has signed a contract with Primetals Technologies for the supply and installation of a two-strand wire rod mill in India.

The third mill purchased from Primetals Technologies, JSW Steel previously installed a single-strand wire rod mill and a bar mill. The new mill will be built in Toranagallu, India. Start-up is expected at the end of 2019.

Primetals Technologies will supply the complete wire rod mill with all mechanical and electrical equipment for two-
strand production from a single stand roughing mill.

[Read more…] about Primetals Technologies to build wire rod mill for Indian company JSW Steel