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China Desk

Source: Date:2008-11-27
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Tube City, Sinosteel ink strategic cooperation deal Tube City IMS LLC, a service provider to steel mills and foundries throughout the world, has signed a strategic cooperation agreement with Sinosteel Corp. of Beijing, China. Michael Coslov, chairman and CEO of Tube City IMS, and Huang Tianwen, president of Sinosteel, signed the agreement at Tube City IMS' corporate headquarters in Glassport, PA. "We are delighted to be working with Sinosteel in mutually developing markets for products and services in China and throughout the world. We are convinced that the combination of the expertise of the two companies will bring great opportunities to both organizations," Coslov said. Tube City IMS is a provider of outsourced steel services, including raw materials procurement, scrap management, raw materials optimization, slag processing, metal recovery and surface conditioning to integrated steel mills, mini-mills and foundries. Blast furnaces in Shaanxi all set for operation General Steel Holdings Inc., one of China's non-state-owned producers of steel products and aggregators of domestic steel companies, has finished two new blast furnaces at its Shaanxi Longmen Steel Co. Ltd, which the company expects will significantly increase its production capacity and efficiency. The first of the two blast furnaces is currently being prepped for operation, and is expected to come online before the year ends, with the second to follow at a later date. Each blast furnace has a volume of 1,280 cubic meters and a pig-iron production capacity of 1 million tons annually. Schaeffler completes giant roller bearings for Beijing Wheel Schaeffler Group has completed the manufacture of two giant spherical roller bearings for the world's tallest observation wheel, China's new Beijing Wheel. In total, around 22 tons of steel has gone into producing the two hub bearings. Each bearing has an outside diameter of 3,200mm, an inner ring bore of 2,600mm and a ring width of 630mm. Each bearing incorporates 118 rollers, each of these weighing around 20kg. During this process, team members at Schaeffler had to continuously break new ground, improvise and coordinate time schedules. The bearing rings were forged in Italy. The barrel rollers were turned at Schaeffler's FAG plant in Eltmann, Germany, then hardened in Wuppertal and returned to Eltmann where they underwent a new grinding process. Finally, the bearings were manufactured and assembled by FAG's large bearing specialists in Wuppertal. Flow unveils Asia growth strategy Flow International Corp., a manufacturer of industrial waterjet machines, gave further clarity to its growth plans in Asia in conjunction with the start of the 9th China International Machine Tool & Tools Exhibition (CIMES 2009) trade show in Beijing. A key element of these plans is Flow's relationship with Dardi International Corp. Dardi has three factories near Nanjing and a comprehensive distribution network in China. In September, Flow announced that Dardi was the new supplier of its waterjet Pro line of machines targeted at the economy segment of the market. In addition to this growing supplier relationship, Flow announced that it is also in discussions with Dardi to obtain a small minority equity stake in Dardi and for both companies to utilize the other's distribution capabilities. Flow also disclosed that its discussions with Dardi include the opportunity to increase Flow's equity investment in the future based on the success of the relationship.Air Jordan IV 4 Shoes

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