A subsidiary of Alcoa Inc. has pleaded guilty and the company will pay $384 million for paying bribes to the Middle Eastern Kingdom of Bahrain through a London-based middleman. The corporate secretary for Alcoa World Alumina LLC pleaded guilty on behalf of the company on Thursday in federal court in Pittsburgh.
It's the first major U.S. technology company to make such a claim about its products. It's the fruit of four years of work by the company to determine the sources of four crucial metals widely used in electronics manufacturing: tantalum, tungsten, tin and gold.
In a news release, Tennessee Economic and Community Development Commissioner Bill Hagerty and ArcelorMittal executives said the goal is for the facility to be fully operational by April 2014. ArcelorMittal says it plans to hire 61 new employees over the next two years in Roane County.
For the second time in three years, a company is promising to build a silicon metal production facility and add hundreds of jobs. Only this time, officials say it will be in Burnsville. In 2011, the company, Mississippi Silicon, eyed Lowndes County for a similar project.
3-D printing took another leap forward when Michigan Technological University scientists invented a 3-D metal printer available at a relatively affordable price — around $1,500. Oh, and they made the instructions for building the machine, as well as the operating software and firmware, available online for anyone to download.
3D Systems today announced that it has completed the acquisition of Xerox's solid ink engineering and development teams, plus the development labs and patent portfolio, for $32.5 million in cash. 3D Systems says it will bring the printer design and material science teams together, along with the associated IP, to further its R&D efforts and manufacturing capabilities.
Magnetation Inc. of Grand Rapids, Minn., announced in late 2012 it would build the new factory at the site of an abandoned ethanol plant in the White County town of Reynolds. Several large buildings for the factory are under construction at the site.
News that ThyssenKrupp planned to sell the $5 billion mill just five years after it opened sent a ripple through the region, which depended on well-paying jobs related to the mill throughout the economic downturn. ThyssenKrupp has said its plan to import steel slabs from its plant in Brazil fell apart because of the recession and increasing production costs in Brazil.
As home to the nation's only primary lead smelter, Herculaneum processes raw ore into metal to make car batteries, X-ray shields and many other products. But the end of that long tradition is in sight for the small town 25 miles south of St. Louis that began smelting when this land was still owned by Spain.
Siemens is already using 3D printing processes to speed up its repairs of gas turbines, to such success that defective burner parts can be simply reprinted, which reduces repair times by as much as 90 percent. But the company is also utilizing the technology for some other, more holiday-themed purposes as well.
The Hayes Cos. will invest $3 million to expand its metal fabrication plant. Hayes will hire another 75 workers in Pineville, La., paying them $45,000 a year, on average. The company says it's selling more to large clients, including Union Tank Car Co., General Electric Co. and OneSubsea.
Novelis Inc. says it will invest $120 million to install a third aluminum automotive sheet finishing line and expand recycling of automotive scrap at its production plant near Oswego. The company says the expansion will create 90 jobs at its facility in the town of Scriba, and other upgrades to the plant also will be made.
Unionized steelworkers in three states are delivering groceries and toys collected for the families of workers laid off from Ormet Corp.'s aluminum smelter along the Ohio River. The United Steelworkers said items collected by members in Ohio, West Virginia and Pennsylvania were being delivered Monday and Tuesday from a union hall north of the shuttered plant in Hannibal, Ohio.
An explosion Sunday at a steel plant near Detroit killed one worker and injured two others, United States Steel Corp. said. Operations were halted at the plant while an investigation began.The accident happened overnight at U.S. Steel Great Lakes Works in Ecorse, said company spokeswoman Courtney Boone.
These conflict minerals — cassiterite, wolframite, coltan and gold — are mined in the DRC by various rebel groups and those who, generally speaking, do not bind themselves to any threshold of human rights. Because minerals mined in these countries go through a complex network of middlemen in the region and in East Asian processing plant, the exact source of a particular batch of gold can be difficult, if not impossible, to find.
German steel company ThyssenKrupp has agreed to sell its U.S. steel plant business to two competitors for $1.55 billion. Following extended speculation over the deal, ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. said Friday they will jointly acquire the ThyssenKrupp Steel USA.
German steel company ThyssenKrupp AG says it's in "exclusive negotiations" about the possible sale of its 3-year-old steel plant in Alabama. It said late Tuesday the outcome of the talks is still open, and its news release didn't name the potential buyer.
Authorities in northeast Arkansas say 18 people were sent to hospitals after a suspected chlorine dioxide leak at a steel mill in Blytheville. Blytheville Fire Chief Mike Carney says the fire department responded to Nucor Steel at about 10 a.m. Sunday. Carney says the department's hazardous materials team decontaminated the workers and contractors who were exposed to the gas before sending them to a hospital.
A labor union seeking the reopening of Ormet Corp.'s aluminum smelter in eastern Ohio is launching a multimedia campaign aimed at Ohio Gov. John Kasich. The United Steelworkers' "Save Ohio Jobs" campaign will be outlined Tuesday.
The Southeast Michigan Purchasing Managers Index (PMI) for Oct. is 63.1, up from 59.9 in Sept., raising the three-month average for the economy to a robust 61.1. A PMI value above 50 generally suggests economic growth. Just over 75 percent of respondents report their expectations are for the economy to remain the same or become more stable.
Swiss prosecutors confirmed Wednesday that a criminal investigation has been opened against one of the world's largest processors of precious metals over allegations that it laundered gold obtained through war crimes.
After the Big River Steel mill was announced in January, Nucor Steel asked legislators to vote against providing $125 million in financing, which wound up passing easily. Now Nucor has filed lengthy objections with the Arkansas Department of Environmental Quality and the U.S. Environmental Protection Agency.
After decades of outsourcing, the resurgence in domestic manufacturing is now America’s favorite comeback story. Factors that once drove companies overseas — including labor and energy costs — are no longer considered insurmountable obstacles. Yet one troubling trend could signal a major complication for returning manufacturers: our nation’s increasing reliance on unstable supply chains of imported minerals.
U.S. Steel Corp. is shutting down its iron and steelmaking plant in Hamilton, Ontario, by year's end as part of a bid to cut costs. President and chief executive Mario Longhi made the comments on a conference call with analysts on Tuesday.
Republican Gov. John Kasich is facing criticism over the indefinite shuttering of Ormet Corp., an aluminum smelting giant along the Ohio River and the onetime largest customer of American Electric Power. About 1,000 workers — mostly unionized steelworkers — are out of work.