Manufacturing Industry
Chips.(Steel Technologies Inc. acquired by Mitsui and Company Ltd. (Tokyo, Japan))(Steel Dynamics Inc. planning investment in a steel mill)(Jacquet Metals opened its North American service centers)
Purchasing, April, 2007
By Staff Norway's Hydro will close aluminum extrusion operations at its Ellenville facility in upstate New York by the end of June 2007, after failing to find a buyer, says Fernando SimE[acute accent]es Henriques, head of Hydro's North American extrusion operations. The firm will continue to cast secondary ingot at the plant.
Japanese conglomerate Mitsui has bought the Steel Technologies Inc. steel processing distributor for about $532 million including debt. Steel Technologies will keep its name, remain headquartered in Louisville, Ky., keep its management team in place and continue operating metals-processing plants in the U.S., Canada and Mexico. Steel Dynamics Inc. is planning a $35-million investment in the steel mill at Pittsboro, Ind., to...
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