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Siemens VAI
Primetals Technologies Limited, is an engineering and plant construction company headquartered in London, United Kingdom, with numerous locations worldwide. It serves clients in the metals industry, both the ferrous and the nonferrous metals sector. It was established as a joint venture between Siemens VAI Metals Technologies and Mitsubishi-Hitachi Metals Machinery in 2015. As of 2020, Primetals Technologies is a joint venture of Mitsubishi Heavy Industries and partners. Overview Operations Primetals Technologies operates as a full liner, i.e., a comprehensive supplier for the metals industry. Their portfolio covers all aspects of the iron and steel production process and includes several nonferrous metals technologies. These processes include but are not limited to beneficiation, direct reduction, oxygen steelmaking, electric steelmaking, continuous casting, hot and cold rolling, and processing. They are also active in the digitalization of various aspects of the me ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies ( public limited companies) and private companies ( private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinction to be made between the publicly tradable companies of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greenhouse Gas Emissions
Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and large oil and gas companies, many state-owned by OPEC and Russia. Human-caused emissions have increased atmospheric carbon dioxide by about 50% over pre-industrial levels. The growing levels of emissions have varied, but it was consistent among all greenhouse gases (GHG). Emissions in the 2010s averaged 56 billion tons a year, higher than ever before. Electricity generation and transport are major emitters; the largest single source, according to the United States Environmental Protection Agency, is transportation, accounting for 27% of all USA greenhouse gas emissions. Deforestation and other changes in land use also emit carbon dioxide and methane. The largest source of anthropogenic methane emissions is agriculture, closely follow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Österreichische Beteiligungs AG
The Österreichische Beteiligungs AG (ÖBAG; English: Austria Holding PLC) is an Austrian state-owned holding company that can be characterized as a sovereign wealth fund. It administers the investments of the Republic of Austria in partially or entirely nationalized companies. It is headquartered in Vienna. History In 1967, the ''Österreichische Industrieverwaltungs-GmbH'' (Austrian industry administration GmbH) was established to centralize the administration of the interests in nationalized companies. It was transformed to the ''Österreichische Industrieverwaltungs-AG'' (Austrian industry administration AG) in 1970 and at the same instant got assigned the shares of the nationalized companies. The ÖIAG (since 1986) and the companies it owned formed a group (the Austrian Industries AG) until 1993, when this group was split and the ÖIAG was instructed to privatize the companies it owned. In 2015, the Austrian state holding ÖIAG was turned into a limited liability company ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steel Crisis
The steel crisis was a recession in the global steel market during the 1973–75 recession and early 1980s recession following the post–World War II economic expansion and the 1973 oil crisis, further compounded by the 1979 oil crisis, and lasted well into the 1980s. Steel prices dropped significantly as the market became saturated with steel from previous demand, and many steel mills in the Western world were driven out of business. Some areas affected by the steel crisis were the Rust belt in North America, the English Midlands in the United Kingdom, the Ruhr area in West Germany and Bergslagen in Sweden. United States lang=en, upright=1.4, Steel production by countries. United States steel production faced an irreversible decline in the 1970s. lang=en, upright=1.4, Steel production and GDP. In most countries, steel production declines after reaching a certain level of GDP, suggesting that growth continues according to other factors. Steel production in the United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Oil Crisis
The 1973 oil crisis or first oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC), led by Saudi Arabia, proclaimed an oil embargo. The embargo was targeted at nations that had supported Israel during the Yom Kippur War. The initial nations targeted were Canada, Japan, the Netherlands, the United Kingdom and the United States, though the embargo also later extended to Portugal, Rhodesia and South Africa. By the end of the embargo in March 1974, the price of oil had risen nearly 300%, from US to nearly globally; US prices were significantly higher. The embargo caused an oil crisis, or "shock", with many short- and long-term effects on global politics and the global economy. It was later called the "first oil shock", followed by the 1979 oil crisis, termed the "second oil shock". Background Arab-Israeli conflict Ever since the recreation of the State of Israel in 1948 there has been Arab–Israeli confli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voestalpine
Voestalpine AG – stylized as voestalpine – is an Austrian steel-based technology and capital goods group based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries. As of 2017, it is one of the few profitable steel companies in Europe. 45 percent of its workforce is based in Austria. The Linz hot strip mill is a "fully integrated steel works" operated by voestalpine Stahl GmbH, a part of the steel division of voestalpine AG. In addition to Linz the most important plants are in Leoben in Styria and in Krems in Lower Austria. It had a large plant at Liezen in Styria which closed in the 1990s. Voestalpine is responsible for 10% of all Austrian CO2 emissions, which makes it the biggest emitter in the country. The name of the company amalgamates its two principal components, the VÖEST (Vereinigte Österreichische Eisen und Stahlwerke) in Upper Austria, established through nationalization in July 1946,Tweraser, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Krupp
The Krupp family (see pronunciation), a prominent 400-year-old German dynasty from Essen, is notable for its production of steel, artillery, ammunition and other armaments. The family business, known as Friedrich Krupp AG (Friedrich Krupp AG Hoesch-Krupp after acquiring Hoesch AG in 1991 and lasting until 1999), was the largest company in Europe at the beginning of the 20th century, and was the premier weapons manufacturer for Germany in both world wars. Starting from the Thirty Years' War until the end of the Second World War, it produced battleships, U-boats, tanks, howitzers, guns, utilities, and hundreds of other commodities. The dynasty began in 1587 when trader Arndt Krupp moved to Essen and joined the merchants' guild. He bought and sold real estate, and became one of the city's richest men. His descendants produced small guns during the Thirty Years' War and eventually acquired fulling mills, coal mines and an iron forge. During the Napoleonic Wars, Friedri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metals & Mining
A metal (from Greek μέταλλον ''métallon'', "mine, quarry, metal") is a material that, when freshly prepared, polished, or fractured, shows a lustrous appearance, and conducts electricity and heat relatively well. Metals are typically ductile (can be drawn into wires) and malleable (they can be hammered into thin sheets). These properties are the result of the ''metallic bond'' between the atoms or molecules of the metal. A metal may be a chemical element such as iron; an alloy such as stainless steel; or a molecular compound such as polymeric sulfur nitride. In physics, a metal is generally regarded as any substance capable of conducting electricity at a temperature of absolute zero. Many elements and compounds that are not normally classified as metals become metallic under high pressures. For example, the nonmetal iodine gradually becomes a metal at a pressure of between 40 and 170 thousand times atmospheric pressure. Equally, some materials regarded as metals ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Hearth Furnace
An open-hearth furnace or open hearth furnace is any of several kinds of industrial Industrial furnace, furnace in which excess carbon and other impurities are burnt out of pig iron to Steelmaking, produce steel. Because steel is difficult to manufacture owing to its high melting point, normal fuels and furnaces were insufficient for mass production of steel, and the open-hearth type of furnace was one of several technologies developed in the nineteenth century to overcome this difficulty. Compared with the Bessemer process, which it displaced, its main advantages were that it did not expose the steel to excessive nitrogen (which would cause the steel to become brittleness, brittle), was easier to control, and permitted the melting and refining of large amounts of scrap, scrap iron and steel. The open-hearth furnace was first developed by Germany, German-born engineer Carl Wilhelm Siemens. In 1865, the French engineer Pierre-Émile Martin took out a license from Siemens and first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voestalpine
Voestalpine AG – stylized as voestalpine – is an Austrian steel-based technology and capital goods group based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries. As of 2017, it is one of the few profitable steel companies in Europe. 45 percent of its workforce is based in Austria. The Linz hot strip mill is a "fully integrated steel works" operated by voestalpine Stahl GmbH, a part of the steel division of voestalpine AG. In addition to Linz the most important plants are in Leoben in Styria and in Krems in Lower Austria. It had a large plant at Liezen in Styria which closed in the 1990s. Voestalpine is responsible for 10% of all Austrian CO2 emissions, which makes it the biggest emitter in the country. The name of the company amalgamates its two principal components, the VÖEST (Vereinigte Österreichische Eisen und Stahlwerke) in Upper Austria, established through nationalization in July 1946,Tweraser, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
POSCO
POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, it was the world's largest steel manufacturing company by market value. Also, in 2012, it was named as the world's 146th-largest corporation by the Fortune Global 500. POSCO currently operates two integrated steel mills in South Korea, in Pohang and Gwangyang. POSCO previously operated a joint venture with U.S. Steel, USS-POSCO Industries, in Pittsburg, California, United States, but U.S. Steel acquired full ownership of the facility in February 2020. History 1968–1971 In the 1960s, South Korean administration concluded that self-sufficiency in steel and the construction of an integrated steelworks were essential to economic development. Since South Korea had not possessed a modern steel plant prior to 1968, many foreign and domesti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
