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Orient Abrasives' board approves scheme of demerger

Dec. 8, 2010 - The board of Orient Abrasives in its meeting on 08 December 2010 approved a scheme of demerger of the refractory business of the company situated at RIICO Industrial Area, Bhiwadi, Alwar, Rajasthan from the other businesses i.e. abrasives grains division and power ...

Sapa Industrial Extrusions Purchase Reverb Tilting Holding Furnace

Dec. 7, 2010 - Sapa Industrial Extrusions has purchased a 86,000 Lb. capacity reverb tilting holding furnace for on-site field erection/installation at their Cressona, PA plant. Reverb furnaces, are direct-fired, open hearth furnaces used for melting or holding nonferrous metal. ...

GrafTech International Downgraded by Longbow Research to "Neutral"

Dec. 7, 2010 - Equities research analysts at Longbow Research downgraded shares of GrafTech International Ltd. from a "buy" rating to a "neutral" rating in a research note to clients and investors on Monday. The analysts currently have a $21.00 price target on the stock. GrafTech ...

Sezal Glass float glass Jhagadia plant runs on full capacity

Dec. 7, 2010 - Sezal Glass Ltd. today announced that its float glass plant at Jhagadia, District Bharuch has marked the full optimal capacity of 550 metric tonnes of float glass in a day thus ensuring the production unit working to its fullest capacity. The company said that the ...

Dalmia to invest Rs 2,500 cr in 2 greenfield cement projects

Dec. 3, 2010 - Dalmia Bharat Enterprises plans to invest Rs 2,500 crore to set up two greenfield cement plants in Karnataka and Meghalaya. Mr Puneet Dalmia, Managing Director, Dalmia Bharat Enterprises Ltd, said the mining and environmental clearances are in place, work on the ...

Showa Denko targets to double operating profit in 2013

Dec. 7, 2010 - Showa Denko announced the firm targets JPY 80 billion of operating profit with JPY 1 trillion of sales in 2013 under the new 5 year plan, PEGASUS starting in 2011 compared with estimated JPY 400 billion of operating profit with JPY 825 billion of sales in 2010. The ...

China GengSheng Minerals, Inc. (CHGS) Jumps After Earnings

Dec. 5, 2010 - China GengSheng Minerals, Inc. jumped 13.73% to trade close at $1.57 on no relevant news of accord. Shares of the Company gained 19 cents on 482.083K shares, lower than 3 month average trading volume of 573.837K shares. The Company had a 52-week trading range of $1...

Bulgaria: Profits for Kaolin in Q3

Dec. 4, 2010 - The consolidated report of Kaolin (6K1) showed profit for the third quarter despite the negative effect of the spin-off of SolarPro Holding. However, the company's equity has been decreased by BGN 28.2 million or 26%. Assets were down 33% to BGN 93.7 million. At ...

Tom Griffiths Named to Exclusive Membership Organization

ESSEX, MD, December 1, 2010 - Tom Griffiths, Tundish Technician for Severstal NA, has been recognized by Cambridge Who's Who for demonstrating dedication, leadership and excellence in welding and burning sheet metal layout work. As a tundish technician for Severstal NA, Mr. ...

SAIL BSP creates new benchmark in convertor lining life

Dec. 2, 2010 - Steel Authority of India Ltd's Bhilai Steel Plant has set yet another national benchmark in techno economics of steel production, with Convertor 'C' in its Steel Melting Shop-II recording 12,325 heats in lining life before it was taken down for re-lining this ...

Strong rand keeping Sallies fluorspar mine closed

Nov. 30, 2010 - The strong South African currency position is precluding the JSE-listed Sallies from resuscitating its fluorspar operation, which is costing R2,5-million a month to keep on care and maintenance, Sallies chairperson Nicholas Davidoff reports. South African ...

Bauxite Resources Appeals Against Bauxite Assessment Dismissed

Nov. 30, 2010 - Minister for Environment, John Day MLA, has dismissed all appeals under the Environmental Protection Act against the Environmental Protection Authority (EPA) level of assessment for Bauxite Resources Limited (BRL) mining proposal for north Bindoon. Four parties ...

Magnezit Group in 2011 begins production of dry magnesia mass for lining of vessels for continuous casting of steel

Nov. 30, 2010 - Magnezit Group begins in 2011 production of dry magnesia mass for working lining of tundishes of continuous casting machines at the plant "Magnezit- Torkret-Massy", which makes part of Satka production site of the company (Satka, Chelyabinsk region). Currently ...

Bauxite dispatch to Hindalco units paralysed

Nov. 30, 2010 - Dispatch and transportation of bauxite from mines in Gumla and Lohardaga districts of Jharkhand to Hindalco's integrated plant in Renukoot in Uttar Pradesh and another plant in Muri in Jharkhand has come to a standstill since November 8. When contacted by Business ...

Marathwada Refractories locked at 5% upper circuit

Nov. 30, 2010 - Marathwada Refractories has locked at 5% upper circuit today as open offer price stood at Rs 397/share while the current market price is at Rs 405.60. The stock touched an intraday high of Rs 405.60 and an intraday low of Rs 405.60. At 09:35 hours the share was ...

AmResearch Expects Ann Joo's Fy2011 Net Profit To Expand 59%

Nov. 29, 2010 - AmResearch Sdn Bhd is projecting Ann Joo Resources Bhd's net profit for the financial year 2011 to expand by 59 per cent year-on-year to RM244 million. This is largely backed by maiden contributions from its new blast furnace amid an imminent steel price upcycle, ...

Handan Iron and Steel No 3 converter starts production

Nov. 15, 2010 - China Metallurgical Group Corporation has announced that the 250 million tonnes No 3 converter which it has built for Chinese steelmaker Handan Iron and Steel Group Co Ltd has successfully produced liquid steel. The No 3 converter has been built close to Handan ...

Buy Graphite India; target of Rs 117: Angel Broking

Nov. 22, 2010 - Angel Broking is bullish on Graphite India and has recommended buy rating on the stock with a target of Rs 117 in its October 29, 2010 research report. "Graphite India (GIL) posted in-line top-line, which increased 16.0% yoy to Rs 324 crore (Rs 279 crore) on the ...

Posco to expand steel production in Korea and India by 2014

Nov. 20, 2010 - Posco, Korea's leading steelmaker, said yesterday that it will spend 1.6 trillion won ($1.41 billion) on building a new plant in the country to expand its output capacity. Posco said construction of the plant, which will be used to produce hot-rolled coils, will ...

Kenmare interim report shows big increase in zircon output

Nov. 17, 2010 - Kenmare Resources issues the following Interim Management Statement in accordance with reporting requirements of the EU Transparency Directive. Mining production of heavy mineral concentrate increased in the third quarter by 31% to 297,000 tons. Over the same ...
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