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Hot Off the Press
Oberg Acquires Mexican Stamper
Wednesday, April 26, 2006
Oberg Industries, Freeport, PA, a $125-mliion manufacturing company offering product and progressive-die design, stamping and other services, acquired First Latin American Corp. (FLAC) and its wholly owned subsidiary Troqueles de Presicion Del Noroeste, SA DE CV. FLAC operates a 30,000-sq.-ft. stamping and deep-drawing shop in Tecate, Mexico, near Tijuana, and employs 60 people. Certified to ISO 9001, it provides progressive and transfer stamping and hydroforming with presses from 30 to 200 tons. Oberg is online at
www.oberg.com.
Oberg Acquires Mexican Stamper
Wednesday, April 26, 2006
Oberg Industries, Freeport, PA, a $125-mliion manufacturing company offering product and progressive-die design, stamping and other services, acquired First Latin American Corp. (FLAC) and its wholly owned subsidiary Troqueles de Presicion Del Noroeste, SA DE CV. FLAC operates a 30,000-sq.-ft. stamping and deep-drawing shop in Tecate, Mexico, near Tijuana, and employs 60 people. Certified to ISO 9001, it provides progressive and transfer stamping and hydroforming with presses from 30 to 200 tons. Oberg is online at
www.oberg.com.
Steel Demand on the Rise
Wednesday, April 26, 2006
The International Iron and Steel Institute forecasts that the total use of finished steel products will continue to show strong growth around the world—it predicts world steel demand to grow 7.3 percent in 2006, to 1.1-billion tons, and another 5.8 percent, to 1.2-billion tons, in 2007. The largest factor in this growth is the influence of China, where double-digit growth is predicted at 13 percent for 2006 and 12.1 percent in 2007.
