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Restructuring at Rolled Metal Products

Tuesday, October 18, 2011
 
Metal service center Rolled Metal products (RMP) announced plans to merge its business units in Torrington, CT, and Bensalem, PA. Machinery and inventory from the Torrington facility will be relocated to the Bensalem site, renamed Rolled Metal Products—Northeast. Appointed as managers of the facility: Ed Schulz, general manager; Stephen Krause, regional sales and purchasing manager; and Richard Kubitsky, operations manager. Ron Williams remains president of RMP, which also operates a plant in Alsip, IL; www.rolledmetalproducts.com.

MW Industries Acquires Economy Spring

Tuesday, October 18, 2011
 
MW Industries, Logansport, IN, a manufacturer of springs, stampings and specialty fasteners, has acquired Economy Spring, Southington, CT, a manufacturer of springs, metal stampings and wire forms. It’s the first investment for MWI, which operates 13 facilities, since the firm joined the Genstar Capital, LLC middle-market private-equity firm. More at www.mw-ind.com; Economy Spring is online at www.economyspring.com.

World Steel Demand Up, and Still Climbing

Monday, October 17, 2011
 
The World Steel Association (worldsteel), out of Brussels, Belgium, has forecast an increase of 6.5 percent in global steel use in 2011 compared to 2010, and forecasts additional growth of 5.4 percent in 2012. In a press release, the worldsteel Economics Committee says: “Our current forecast for 2012 assumes that developing economies continue to drive global growth and the policy response to the European sovereign debt crisis prevents increased volatility in the equity and financial markets….Our forecast should be considered as cautiously optimistic.” Among the committee’s predictions: Steel use in 2012 will rise by 6 percent in China, 7.9 percent in India, 5.2 percent in the United States and 9.8 percent in Central and South America. Learn more at www.worldsteel.org.

 

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