Hot Off the Press
Orchid Acquires 6th North American Stamping Operation
Wednesday, March 07, 2007
Orchid Intl., Brentwood, TN, has acquired R. Reininger & Son Ltd., Newmarket, Ontario, Canada, a third-generation manufacturer providing metal stampings and assemblies. The firm (
www.reininger.com), which will continue to operate under the Reininger name as “an Orchid International company,” operates a 204,000-sq.-ft. facility on 30 acres of land, housing more than 25 presses ranging from 100 to 800 tons. The acquisition grows the Orchid stable of North American operations to six—two in Ontario, three in the United States and one in Mexico. Orchid’s other Canadian plant, in Markham, produces assemblies primarily for the automotive industry. The firm expects eventually to consolidate that operation into the Reininger facility. Learn more at
www.orchidinternational.com.
Fastener/Electronic-Hardware Supplier
Offers E-Commerce Website
Wednesday, March 07, 2007
Tower Fasteners Co., Inc., Holtsville, NY, a distributor of fasteners and electronic hardware, has released a new e-commerce website at
www.towerfast.com. Existing customers can log on and place orders, obtain real-time inventory, track shipments and retrieve documents such as invoices and packing slips. The firm operates stocking distribution centers in Connecticut, Florida, New Jersey, New York, North Carolina, Pennsylvania, Texas and Mexico.
Steel Dynamics Partners with Kobe Steel in Minnesota
Tuesday, March 06, 2007
A new $235 million iron-making plant may soon be coming to Minnesota, courtesy of flat-rolled steel supplier Steel Dynamics Inc., Fort Wayne, IN, which has agreed to partner with Kobe Steel on the project. The proposed Mesabi Nugget plant in the Hoyt Lakes region of Minnesota hinges on obtaining financing, including economic development assistance from the state government, according to an AP report. Mesabi Nugget, according to its website
www.mesabinugget.com, is a leader in the development and commercialization of the ITmk3 iron nugget process, a proprietary process developed by Kobe Steel. The process turns Mesabi iron-ore concentrate into iron nuggets that are 97-percent metallic iron, compared to 65-percent iron in the form of oxide for a taconite pellet.
