Hot Off the Press
Mittal to Buy Three Stelco Subsidiaries
Wednesday, November 30, 2005
Mittal Canada Inc. has signed a letter of intent with Ontario-based Stelco Inc. to acquire Norambar Inc., Stelfil Ltd. and Stelwire Ltd. The transaction is expected to close early in 2006. Norambar produces reinforcing bar, merchant bar and automotive leaf spring, Stelfil manufactures high- and low-carbon wire, and Stelwire makes steel-wire products.
Plexus Systems Named PACE Award Finalist
Tuesday, November 29, 2005
Plexus Systems, Auburn Hills, MI, has been named a finalist for the 2006 Automotive News PACE awards. The awards honor companies for groundbreaking innovation, technological advancement and business performance. Plexus Systems was recognized in the Information Technology and Services category for its Plexus Online management information system.
For more, visit www.plex.com
Coe Press Equipment Announces Orders
from Vehicle Suppliers
Monday, November 28, 2005
Coe Press Equipment, Sterling Heights, MI, has announced deliveries and orders for three major vehicle and vehicle-system suppliers. The company recently installed a SpaceMaster compact coil line at Dana Corp, Hopkinsville, KY. The line features 15,000-lb.-coil capacity along with a hydraulic production shear and drop stacker.
Also, Coe’s Sesco Products Group delivered a high-speed oscillating-shear die to the DaimlerChrysler stamping plant in Belvidere, IL. The shear-die base was designed to integrate with DaimlerChrysler’s existing 300-ton Verson blanking press to produce trapezoid- and parallel-shaped blanks.
In addition, Coe has received an order for three fully integrated coil lines, to be installed at Johnson Controls in Battle Creek, MI.
For more, visit www.cpec.com