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The board of directors of Friedman Industries, Inc., a Longview, Texas-based company engaged in pipe manufacturing, steel processing and steel and pipe distribution, declared on September 10, 2020, a cash dividend of $0.02 per share on the common stock of the company. The company will pay the cash dividend on November 13, 2020 to shareholders of record at the close of business on October 9, 2020.
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Texas OCTG distribution and services companies Premier Pipe LLC and Pyramid Tubular LLC will merge into a single company. Both companies are existing subsidiaries of Sumitomo Corporation of Americas.
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Shawinigan Aluminium Inc. will invest $7 million to build a new aluminum remelt center to recycle clean process aluminum scrap from Rio Tinto and others to meet the growing needs of customers for products made with recycled aluminum.
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Danieli USA will open a facility in Ashland, Ky., near the former AK Steel Ashland Works operation. Danieli USA is a subsidiary of Italy’s Danieli & C. SpA.
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![Boy Scout Dinner Going Virtual]()
Among the casualties of the coronavirus was one of the metals industry’s largest annual events, the Metals Industry Dinner to benefit the Boy Scouts. This year’s event had been scheduled for May, but was bumped due to the pandemic.
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Tenaris will invest $11 million to upgrade its melt shop in Koppel, Pa. The project is being undertaken to expand the plant’s size range capabilities.
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AOTCO Metal Finishing, Billerica, Mass., has acquired Plating for Electronics, a leading provider of specialty anodizing, electroplating, and laser marking services based in Waltham, Mass. Plating for Electronics is an ISO 90001 and AS 9100 accredited facility providing services for a variety of end markets.
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In celebration of Manufacturing Day, Wall Colmonoy Aerobraze Oklahoma City will open its doors on October 2 to students from local career tech programs and high schools as part of an effort to inspire the next generation with a career in manufacturing.
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Al Ezz Dekheila Steel Company (EZDK) has approved the completion of a full ABB modernization at its flagship wire rod manufacturing facility in Alexandria, Egypt, with commissioning to achieve rated speed and optimum productivity for all sizes rolled finalized in a record two weeks.
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Flow International Corp., Kent, Wash., has delivered 200,000 medical grade face shields to the State of Washington to help reduce the spread of COVID-19.
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