Wolverine Tube, Inc. Exits Chapter 11
, President and Chief Operating Officer. "Our business plan will focus on improving positive operating income, free cash flow, and strengthening our competitiveness through continuous improvements and new product development. We are well positioned to compete successfully."About Wolverine Tube, Inc.
Wolverine is a global leader in offering proprietary custom-engineered components that provide a thermal management solution for our customers in multiple markets including HVAC, refrigeration and appliance, electronics cooling, power generation, petrochemical and chemical processing. We deliver the most advanced metal surface technology enhancements for heat transfer solutions in today's marketplace. We have also earned a reputation for having the broadest engineered product offering in the non-ferrous metals market.
Throughout our more than 90-year history, we have utilized our proprietary tooling and process technology to enhance surface geometry for tubular and flat metal surfaces to expand our product lines, effectively meeting our customers' increasing needs for effective enhanced heat transfer performance. Our tailored solutions for many OEM customers are globally recognized.
Forward Looking Statements
All statements in this press release, other than statements of historical fact, are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectation and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in this press release. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligations to release publicly any update or revision to any forward-looking statements contained herein if there are any changes in conditions or circumstances on which any such forward-looking statement is based.
Ferrous Materials Supplier - News
Through its trading business, the company sells and distributes metal ore and non-ferrous metals within the PRC. Through its recently launched recycling business, the company recycles scrap metal (primarily steel) at its facility located in the Jiangsu
We deliver the most advanced metal surface technology enhancements for heat transfer solutions in today's marketplace. We have also earned a reputation for having the broadest engineered product offering in the non-ferrous metals market.
That premise, however, is fatally flawed, because our planet cannot produce enough non-ferrous industrial metals to make a meaningful difference, and the prices of those metals are even more volatile than the prices of the hydrocarbons that alternative
"The surging prices, based on the anticipation of more stringent policies limiting exploration and production of rare earths in China, magnified the actual supply crunch," said Liu Minda, a non-ferrous metals analyst from a brokerage house based in
Turkey may also opt to source from European exporters as they are offering material at a discount to US suppliers. May saw over 1.1mt of ferrous scrap booked for delivery to Turkish shores from the US, EU and Baltic regions.
Hangyang expands gas business into Guangxi and Jilin - Gasworld ...
According to a recent announcement of the board meeting of Hangzhou Hangyang, the leading independent enterprise in the manufacturing of air separation plants in China is to set-up a joint venture company in Guangxi province, China.
The preliminary name of the company is Guangxi Hangyang Jinchuan Xinrui Gases Co Ltd (Guangxi), and will be established by three companies, namely Hangzhou Hangyang, Guangxi Jinchuan Non-ferrous Metals Co. Ltd and Zhejiang Xinrui Air Separation Equipment Co. Ltd.
The planned registered capital of Guangxi is RMB 135m, of which Hangyang has a share of 51% whilst Jinchuan and Xinrui will have 34% and 15% respectively.
The first project of the joint venture is to set up two sets of 120 tpd air separation units (ASU) in the plant area of Guangxi Jinchuan Non-ferrous Metals, in the Non-ferrous Metals Processing Zone in Fangcheng Port of Guangxi province. The two ASUs will deliver industrial gases to Jinchuan Non-ferrous Metals and the gas supply agreement has been finalised already, gas world China understands.
Total investment in the project is estimated to be RMB 428.9m.
Partners
Guangxi Jinchuan, a subsidiary wholly owned by Jinchuan Group, was established in June 2010. The company has a 600,000 tpa copper smelter and associated equipment, and will also produce 110,000 tonnes of products containing nickel, together with the deep processing of copper, nickel and chemical products.
The total planned investment in the enterprise is RMB 30m and it is thought that the company will become a global leader in nickel and copper smelting production.
The other partner of the newly announced joint venture is Zhejiang Xinrui, based in Deqing Industrial Park in Huzhou city of Zhejiang province. The company is also in the business of manufacturing air separation equipment, including cryogenic liquefaction equipment, cryogenic storage equipment and packing materials, and offers installation and maintenance services too.
Further investment
Meanwhile, Hangyang also plans to set-up its third gas company in Jilin province. The company is a joint venture of Hangyang and the shareholders of Boda Biochemicals.
Other shareholders are also the Managing Director and General Manager of Boda. The company will initially be named as Jilin Hangyang Boda Gases Co. Ltd.
Ferrous Materials Supplier - Bookshelf
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