Steel Dynamics/OmniSource to Acquire Recycle South (14396)
FORT WAYNE, Ind., May 8 /PRNewswire-FirstCall/ -- Steel Dynamics, Inc. (NASDAQ:STLD) today announced that OmniSource Corporation, a wholly-owned subsidiary of Steel Dynamics, and Recycle South, LLC have executed a definitive agreement whereby OmniSource will acquire the remaining equity interests in Recycle South, one of the largest regional scrap metal recycling companies in the nation. Recycle South was formed in August 2007 by the merger of Carolinas Recycling Group and Atlantic Scrap and Processing. The company is headquartered in Spartanburg, South Carolina.
All Washed-Up…FRP Wash-Box Takes Stainless Steel To Cleaners. Mfg Tray Company’s FRP Metal Parts Wash-Box Delivers Versatility, Strength and Safety At 1/3 Cost of Stainless Steel Wire Baskets (14042)
Linesville, PA —Molded Fiber Glass Tray Company (MFG Tray) has introduced a new line of versatile utility, high-strength fiber-reinforced polymer (FRP) composite metal parts wash-boxes whose composite material construction costs approximately one-third the cost of traditional stainless steel counterparts. Designed to handle heavy payloads (150 lb. capacity), the stackable design wash-box’s FRP composition is also engineered to withstand small-part washing system chemicals and provide continuous operation at temperatures to 350°F.
Nucor to Purchase The David J. Joseph Co. For $1.44 Billion; Industry Watchers Like The Move (13985)
Industry watchers hope the sale of one of the leading U.S. scrap companies leads to more price stability of products like flat-rolled metal. Steel product maker Nucor Corp.(NYSE: NUE) , based in Charlotte, North Carolina, recently signed a $1.44 billion deal to buy Cincinnati-based The David J. Joseph Company, which processes scrap, brokers raw materials and operates the largest private railcar fleet in the hemisphere dedicated to scrap transportation
Manufacturers Turn to Niche Players in the Metals Market to Preserve Production Schedules and Pricing (13244)
Even in the face of increasing demand and diminishing supply, today's specialty metal suppliers utilize numerous internal advantages and external resources to place small and large volumes of specialty metals into the hands of manufacturers in a timely manner at predictable price points. As a result, manufacturers can maintain production schedules and stay within budget in order to retain competitiveness within their particular market.
OmniSource Recipient of 2007 “Torch Award” for Marketplace Ethics (12812)
OmniSource Corporation, headquartered in Fort Wayne, Indiana, is one of North America’s leading metal recycling companies, with annual sales of $2.5 billion generated from 6 million tons of ferrous scrap and 900 million pounds of nonferrous metals
OmniSource to Invest $9 Million to Upgrade Toledo, Ohio Shredding Operation (12811)
State-of-the-Art Technology to Increase Recyclable Recovery
Chicago's Metal Management Announces Definitive Merger Agreement with Sims Group Limited (12710)
Metal Management, Inc., one of the largest full service metal recyclers in the United States, announced that its Board of Directors has unanimously approved a definitive agreement to combine with Sims Group Limited (ASX: SGM), one of the world’s largest recycling companies to create the pre-eminent global metal recycling company – Sims Metal Management.
Alcoa, Tenn.\'s Capital Improvement Projects Planned for Smelting and Rolled Products Areas at Alcoa’s Tennessee Operations(12430)
Alcoa is the world\'s leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa\'s businesses to customers.
Wastequip Breaks Ground On New Facility In Winamac, ind.(12396)
Wastequip Indiana, the leading manufacturer of waste handling, recycling and material handling equipment, and the primary manufacturing location of Galbreath brand products, has broken ground on a new paint line facility that will streamline the painting process for the company’s mobile technical products including Galbreath brand hook hoists, cable hoists, and trailers.
New FinesSort Metal Sorting System Provides a New Solution for the Recycling Industry--Turning Your Waste Stream into Cash Flow(12281)
The FinesSort system features a feeder coupled to a magnetic separator and Eddy-Current Separator to produce both a ferrous and non-ferrous metal product. The feeder delivers a uniform feed distribution across the width of the magnetic drum separator. The magnetic separator recovers all ferrous materials in the process stream. The non-ferrous materials from the magnetic separation are delivered to the Eddy-Current Separator, where non-ferrous metals such as copper and aluminum are recovered.
