On 30 December 2015, General Steel Holdings, Inc, signed a series of restructuring agreements to effect the sale of its steel manufacturing business.
Read more...Bloomberg reported a slight uptick in China stocks and an increase in European stocks, in large part due to strong showings by steel commodities.
Read more...Kobe Steel, Ltd reached a decision to merge its wholly owned subsidiaries, Kobelco Construction Machinery Co., Ltd. and Kobelco Cranes Co., Ltd. effective 1 April 2016.
Read more...Japanese exports of steel to India have surged to volumes that put the subcontinent on pace to become Japan’s sixth-biggest market for all of 2015, surpassing the U.S. and helping to compensate for declines in exports to China and Southeast Asia.
Read more...Technical Equipment has finalised a distribution agreement with Hwacheon Machinery America to exclusively distribute and support the Hwacheon product line of CNC machine tools, effective immediately.
Read more...Walter is continuing to progress towards a digital, networked factory.
Read more...Targeted at the precision production of medium to highly complex parts up to 13mm diameter, the Swiss GT 13 is the ideal machine tool for the medical, micro-mechanical and electronics sectors.
Read more...Over the next two years, Trumpf will be investing €35 million (US$53.4 million) in a new logistics centre at its headquarters in Ditzingen, to continue to offer customers around the world fast availability of spare parts.
Read more...Earlier this year, Trumpf announced its earnings in the 2014/15 fiscal year, which ended on June 30 2015.
Read more...Kennametal has reported results for the 2016 fiscal first quarter ended September 30, 2015, with a loss per diluted share (LPS) of $0.08, compared with the prior year quarter EPS of $0.49. Adjusted EPS were $0.14 in the current quarter compared with $0.56 in the prior year quarter.
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