Heavy Industry – PressClub World

25. 10. 2022 No Responses

Iran signs deal to supply 50 gas turbines to Russia

Iran has signed a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions, Shana news agency reports. Iranian Gas Engineering and Development Company’s CEO Reza Noushadi said the country’s “industrial successes are...

5. 3. 2021 No Responses

GFC Alliance Lost Financing

Liberty Steel Group in Dire Straits Again as Mother Company GFC Alliance Lost Financing Sanjeev Gupta stops repayments to troubled lender Greensill Capital amid threat to UK steel jobs. The business empire headed by steel tycoon Sanjeev Gupta has stopped...

15. 10. 2020 No Responses

Rumour: Liberty Steel set to bid for Thyssenkrupp steel

Liberty Steel set to bid for Thyssenkrupp steel – Thyssenkrupp stocks up 23 percent. Privately-held Liberty Steel is set to make a bid for the ailing steel unit of Germany’s Thyssenkrupp, a source close to the process told Reuters on...

18. 2. 2020 No Responses

Alstom is buying Bombardier rail unit for up to $6.7 billion

France’s Alstom SA has agreed to buy the rail division of Canada’s Bombardier Inc for up to 6.2 billion euros ($6.7 billion) to create the world’s No. 2 train manufacturer and better take on Chinese leader CRRC Corp. The cash...

30. 1. 2020 No Responses

General Electric Is Considering Sale of Steam Turbine Unit to Raise Cash

General Electric (ticker: GE) shares fell as a report said the industrial giant plans to explore a sale of its steam-turbine power business. Desperate GE is weighing whether to sell its hopeless steam-turbine unit as CEO Larry Culp mulls ways to raise...

15. 8. 2019 No Responses

Bernie Madoff whistleblower says GE is a bigger fraud than Enron and WorldCom combined

Harry Markopolos is famous for blowing the whistle on infamous Khazarian scammer Bernie Madoff’s Ponzi scheme, which blew up in 2008. Now the accounting investigator has his sights set on a new target: General Electric. He accuses the troubled company...

3. 7. 2019 No Responses

Trump Slaps 400% Tariff On Vietnamese Steel

President Trump accused Vietnam of being “almost the single worst abuser of everybody” and asserted that “Vietnam takes advantage of us even worse than China.” This sudden turn in Trump’s rhetoric contrasted with the praise he off...

7. 5. 2019 No Responses

ArcelorMittal conspired to suppress vital facts to acquire Essar Steel

Prashant Ruia wants ArcelorMittal bid for Essar Steel rejected, cites LN Mittal’s link with brothers’ bankrupt cos. ESAHL alleges that Lakshmi Mittal’s association with loan-defaulting firms of his brother makes him ineligible to participate ...

21. 2. 2019 No Responses

US core capital goods orders unexpectedly drop in December

The data pointed to a further slowdown in business spending on machinery and non-defense equipment. The December report was delayed by a 35-day shutdown of the federal government that ended on Jan. 25. The Commerce Department said the “processing and da...

10. 2. 2019 No Responses

Free-Falling Freight Rates Spell Trouble For Shipping

In the alternative media false articles were made about “Dry Baltic Index” as “container ship rent rate” etc. These are the creations of half-educated new generation journalists. The Baltic Dry Index is not about container ships, it is ...

9. 2. 2019 No Responses

Tata Steel Q3 profit surges 53% YoY and Tata Motors shares plunge most in 26 years after record loss

Tata Steel Q3 profit surges 53% YoY to Rs 1,751 crore, India business revenue up 10%. The revenue has risen 23% to Rs 41,219 crore vs. Rs 33,446.6 crore last year. EBITDA (earnings before interest, taxes, depreciation and amortization) rose 18% to...

7. 2. 2019 No Responses

ArcelorMittal profit up, launches negligible buyback

ArcelorMittal (symbol: MT) said Thursday that its net profit rose in the Q4 and launched a $113.4 million share buyback. The Luxemburg-based steelmaker reported a quarterly net profit of $1.19 billion, up from $1.04 billion a year earlier, due in part...

28. 1. 2019 No Responses

Tata group is India’s most valuable brand

At $19.5 billion, Tata group is India’s most valuable brand. The value of the brand Tata has soared 37 per cent to $19.5 billion in 2019, helping the conglomerate break into the top-100 in a global brands list. The salt-to-software...