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Russia’s Rusal has signed a letter of intent to invest up to $200 million at Braidy Industries’ new aluminum rolling facility in Kentucky. The deal calls for a 10-year supply agreement from Rusal to the new facility.
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Sherrill Manufacturing, Sherrill, N.Y., has received the 2019 National Metalworking Reshoring Award. The award is given to companies that have effectively reshored products, parts or tooling made primarily by metal forming, fabricating, casting or machining.
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Nucor Corp., Charlotte, N.C., has acquired Century Tube LLC, Madison, Ind. Century Tube is a supplier of carbon steel tubing for automotive and other mechanical and structural applications.
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Machine Concepts is celebrating its 25 years of service as a metal processing equipment manufacturer.
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Red Bud Industries will host a coil processing seminar Tuesday, May 14, at the Hamilton Plaza Hotel and Conference Center, Hamilton, Ontario.
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BLM Group, Novi, Mich., has appointed Danvel Benoit as regional sales manager for Eastern Canada. BLM is a manufacturer of tube and flat sheet processing solutions.
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Jon-Michael Raymond has been appointed director of sales, North America, industrial products, for L.S. Starrett Co,, Athol, Mass. His appointment was effective March 25.
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Athader and Samuel Nelson Technology have created a new Strategic Bidding Agreement. Both parties will jointly market and sell push-pull, semi-continuous and continuous pickling lines on a global basis, excluding North America.
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Nucor Corp. will build a new plate mill in Brandenburg, Ky., located along the Ohio River southwest of Louisville. Charlotte, N.C.-based Nucor will invest approximately $1.35 billion to build the mill, which is expected to be operational by 2022.
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Tenaris will acquire TMK IPSCO, the Russian parent company reported. Tenaris will acquire 100 percent of the shares of the tubular products manufacturer, headquartered in Houston. The purchase price was $1.2 billion, which includes $270 million of working capital.
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