[ Industry Update ]
[ Industry Update ]
FPX signs a agreement with SMCL
170 A to 210 A , the Artis impresses with a range of functions that one would otherwise only expect from larger professional TIG devices . Robust , versatile and weighing just ten kilograms , the Artis is a reliable companion , whether one need flawless visible seams on stainless steel handrails and high-quality pipe connections , or precise applications in container and industrial plant construction . The new Fronius TIG systems focus on userfriendliness , reliability and energy efficiency .
Okuma expands its operations
FPX Nickel Corp . has entered into a subscription agreement for a private placement financing with Sumitomo Metal Mining Canada Ltd . ( SMCL ). Under the terms of the Private Placement , FPX will issue 30,104,488 common shares in the capital of the Company to SMCL at a price of USD 0.48 per Private Placement Common Share , for gross proceeds of USD 14,450,154 . Upon completion of the Private Placement , SMCL will own 9.9 % of FPX ’ s issued and outstanding common shares on a non-diluted basis . The Company intends to use the net proceeds of the Private Placement primarily for exploration and development activities at the Project , continuance of ongoing environmental baseline activities , feasibility study readiness activities , and general corporate and administrative purposes .
Okuma is further expanding its operations across Europe . The well-known CNC machine tools manufacturer acquired precisa CNC-Werkzeugmaschinen GmbH . The Vienna-based company will now operate under the name Okuma Austria GmbH and focus on improving customer service and sales .
SeAH signs an order with ABB
TIG Welding introduces Fronius Artis
TIG welding is a true art and is considered to be the supreme discipline of joining processes . The new Fronius Artis lives up to its name , which is derived from the Latin “ arte ” for art . Whenever welds need to meet the highest standards both in terms of appearance and quality , this handy , lightweight , and compact device is ready with an uncompromisingly stable arc . In the DC power categories
SeAH Changwon Special Steel has placed an order with ABB for a second ABB ArcSave ® electromagnetic stirrer for use on an electric arc furnace ( EAF ) at the SeAH Changwon Integrated Special Steel plant in South Korea . ABB ArcSave will be installed on an EAF that produces carbon and stainless steel and has a steelmaking capacity of 100 tons . The technology is expected to improve furnace efficiency , reduce energy consumption and overall operating costs on the continuously operated EAF at Changwon . The customer will be able to improve metallurgical conditions in the EAF melt using the ABB technology . The stirring solution can help reduce the carbon footprint at both existing steelmaking lines and greenfield projects .
50 Stainless Steel World March 2024 www . stainless-steel-world . net