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Ampco-Pittsburgh Corp. is contemplating a rights offering that would, when initiated, involve the issuance to its shareholders of a dividend of rights and potential over-subscription rights to purchase shares of its capital stock and potentially other securities.
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Leeco Steel, an O¡¯Neal Industries affiliate company and one of the largest suppliers of steel plate in North America, announced the appointment of Jeff Irby as e-commerce product manager and Owen Donaghey as digital commerce manager. The appointments were effective May 1, 2020.
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With the acquisition of strategic patents from BWG GmbH, REDEX Group is now able to offer the largest portfolio of metal strip processing solutions, the company claims. The solutions range from foil to heavy gauge coils.
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DGI Supply, a DoALL Company, Wheeling, Ill., has acquired certain assets of Production Tool & Supply (PT&S) of Rockford, Ill. DGI Supply has hired the PT&S employees and will continue to operate under the PT&S brand for its customers in the Rockford area.
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Bystronic has completed assembly of its first laser cutting machine at its newest facility in Hoffman Estates, Ill. The completion signifies Bystronic¡¯s commitment to its customers and the North American market by providing locally assembled machinery to reduce overall lead time, installation time, and import costs, the company claims.
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TRUMPF will host a virtual in-house event from May 27-29 to present its newest products via an online platform.
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Behringer Saws, Morgantown, Pa., has announced two personnel changes. Behringer is a manufacturer of high performance bandsawing machines, circular cold saws and structural fabricating equipment.
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To meet a gap in the strip steel industry for coil-to-coil narrow polishing, Blue Blade Steel has invested more than $1 million on new equipment. The new equipment was designed to handle coils from 1 inch to 18 inches wide in a variety of steel grades.
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The L.S. Starrett Co., Athol, Mass., has made three sales managements appointments. Starrett is a manufacturer of saw blades and other industrial tools and systems.
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United States Steel Corp., Pittsburgh, reported a first-quarter net loss of $391 million, a reversal from the $54 million in earnings posted in the same quarter in 2019. Net sales in the quarter declined 21.4 percent to $2.8 billion.
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