Metso invests in valve production and services
Metso has announced that it has invested in expanding its North American facilities located in Shrewsbury, Massachusetts, USA for the valve operations.
SplineRail linear actuator introduced
Haydon Kerk Motion Solutions has recently introduced the motorized SplineRail Linear Actuator with an integrated connector.
ArcelorMittal: CAD $2.1 billion dollar investment
ArcelorMittal announced on May 20th the expansion of its Mont-Wright mining complex and additional construction at Port-Cartier. The investment will allow ArcelorMittal Mines Canada to increase its annual production of iron ore concentrate from 14 million tons to 24 million tons by 2013. AMMC is also evaluating increasing its production of iron ore pellets from 9.2 million tons to 18.5 million tons. The scheme represents a total investment of CAD $2.1 billion dollars that will create 8,000 jobs during construction and more than 900 permanent jobs once completed. This project is subject to environmental and other regulatory approvals.
Mitsui to pay 1 Billion toward cleanup
Mitsui & Co Ltd has agreed to pay more than USD $1 billion to cover a share of the 2010 Gulf of Mexico oil spill. It is about half the amount for which BP had originally billed the company.
Sealing materials improves asset reliability
Flexitallic has developed its Thermiculite sealing technology to provide a successful seal across the widest spectrum of chemical processing technologies.