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Mitsui Invests in Mexican Joint-Venture Steel Processor

Thursday, May 12, 2005
 
Mitsui Steel Development Co., Inc., a subsidiary of Mitsui & Co.(USA), Inc., has made a 20-percent-equity investment in Acero Prime, a joint-venture steel-processing operation. Acero Prime, headquartered in San Luis Potosi, Mexico, with other plants in Toluca, and Ramos Arizpe, Mexico, had been a venture of Feralloy Mexico and United States Steel Export Company de Mexico (USSEM), subsidiaries of Feralloy Corp. and United States Steel International, respectively. Following the Mitsui investment, Feralloy and USSEM will each own 40 percent of the company, which provides automotive and appliance industries in Mexico with logistics services and processed flat-rolled steel.

Alemite Completes Website Update

Thursday, May 12, 2005
 
Alemite, Fort Mill, SC, a provider of lubrication and fluid-handling systems and equipment, has completed an update of its website, www.alemite.com to include a full product listing detailing more than 400 of the company’s most requested products. Besides including a complete product catalog online, the site has a number of other features and benefits, including a search tool for specific products by name, keyword or part number; a news and events section, downloadable product-service sheets; and customer- and technical-service contact information.

Ohio Metalworking Company
to Open Stamping Plant in South Carolina

Thursday, May 12, 2005
 
McGregor Brothers Holdings, Springfield, OH, will soon open a $10-million metal-stamping plant in Aiken, SC, to be called S.C. Metal Products. The plant will inhabit a refurbished 50,000-sq.-ft. building and will employ 15 to 20 by late summer. Plans are in the works to expand the facility to 72,000 sq. ft. McGregor Brothers Holdings is owned by Dan and Jim McGregor, who also own four metalworking companies employing more than 410 people in Ohio.

 

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