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Thyssenkrupp wants less than 50% of Tata steel JV – Handelsblatt

3rd July 2017 German industrial group Thyssenkrupp aims to hold less than half of a steel joint venture it wants to set up with Tata Steel so it can deconsolidate the business from its balance sheet, Handelsblatt reported, citing a company source. Thyssenkrupp and Tata have been in discussions since last year... 

Forging market for automotive application to be valued at $56-billion by 2022

10th March 2017 Market research company Zion Market Research has published a new report highlighting that the global steel forging market for automotive applications was valued at $41.77-billion in 2016 and is expected to reach $56-billion in 2022, growing at a compound annual growth rate (CAGR) of 5.1% between... 

Medupi power station project, South Africa

18th November 2016 SNC-Lavalin has been awarded the inspections work of Unit 6 at the Medupi power station. 

Chinese auto group becomes prime sponsor of Bloodhound land speed record

7th October 2016 The Bloodhound project has announced a three-year agreement with the Zhejiang Geely Holding Group (ZGH) as its prime sponsor and official automotive partner. The Chinese automotive group – the owner of the Volvo Car Group – will provide technical, as well as financial support to the British... 
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Fuel cell vehicle sales boosting platinum demand outlook

Growth potential for platinum is emerging in the rapid build-up off a low base of fuel cell electric vehicle sales. Fuel cell vehicle sales are expected to grow by more than 200% this year, with Japan targeting 200 000 fuel cell electric vehicles on its roads in 2025 and 800 000 in 2030. 

SNC-Lavalin awarded FEED conversion to EPC contract for Guinea refinery

TSX-listed SNC-Lavalin has been awarded a contract by private firm Brahms Oil Refineries to undertake a front-end engineering design (FEED) conversion to engineering, procurement and construction (EPC) contract for a 10 000 bbl/d crude oil refinery in Kamsar, Guinea. The professional services and... 
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