Steel mill sale

Industrial and technology group Thyssenkrupp has reached agreement with Ternium on the sale of the CSA Siderúrgica do Atlântico (CSA) steel plant in Brazil. The purchase price (enterprise value) is €1.5 billion. “With the sale of CSA we are parting fully with Steel Americas. This is an important milestone in the transformation of Thyssenkrupp into a strong industrial group,” says Dr Heinrich Hiesinger, CEO of Thyssenkrupp AG. “We now generate over 75% of our sales with our profitable capital goods and services businesses.”
For further information
www.thyssenkrupp.com

The grease experts

xxonMobil has launched ‘The Grease Experts’, an educational video series for industrial operators who want clear and concise answers to technical grease questions. The series features in-house grease experts Chris Decker and Toby Hlade, who are certified lubrication specialists at the Society of Tribologists and Lubricant Engineers (STLE), each with more than 20 years of field experience. Decker and Hlade answer questions sourced from real operators, including those concerning colour, viscosity, consistency and re-greasing frequency. After watching the videos, viewers can submit their own grease questions online.
For further information
www.thegreaseexperts.com

Sigma invests $1m to expand capabilities

Sigma Components has invested over $1 million across its manufacturing facilities in the UK and China to increase capacity and meet growing customer demand. The investment follows hot on the heels of the company’s spend of over $1m in a new manufacturing facility in Chengdu last year. This latest investment includes specialist equipment to boost Sigma’s fabrication and pipe manufacturing capabilities. It has also led to the creation of over 50 jobs in Nuneaton, Hinckley and Farnborough, including shop floor positions, engineers, HR and finance roles.
For further information www.sigmacomponents.com

XYZ recruits sales trio

XYZ Machine Tools has announced the appointment of two new area sales managers and an additional sales engineer to strengthen its team. The appointments are Chris Jones, Dave Rawson and Lloyd Pennington, and they bring to XYZ a wide range of experience gained in manufacturing environments and capital equipment sales.

Dave Rawson introduces to XYZ his experience gained on the shop floor as a machinist/programmer and, more latterly, in sales with a supplier of sliding head lathes. He will be supporting customers across East Anglia and north and west London. The second area sales manager is Lloyd Pennington, who has been involved in the engineering manufacture and design sector for almost as long as he can remember. His area covers the northern Home Counties and part of the M40 corridor. Chris Jones joins XYZ as a sales engineer from a background of machine sales in the laser profiling sector.
For further information www.xyzmachinetools.com

TLM Laser to partner IPG Photonics

TLM Laser has further enhanced its laser products and systems portfolio through a partnership agreement with IPG Photonics, a manufacturer of fibre lasers. The company will be responsible for the sales, marketing, installation and servicing of IPG’s range of laser cutting and welding systems throughout the UK and Republic of Ireland. IPG laser cutting and welding systems complement the existing range of laser marking, welding, engraving, cladding and hardening systems available currently from TLM Laser. Indeed, systems sold currently by TLM, from Foba Laser and Alpha Laser, already use laser sources from IPG.
For further information www.tlm-laser.com