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By Alexander Ostashov, Editor
Fastener, Adhesives, Tools and … Magazine
www.fastinfo.ru
Severstal completes acquisition
GAZ switching to modern fasteners
of WCI Steel
OAO Severstal has completed its previously announced
GAZ Group has started to revise the fasteners used in its GAZel and Valday
acquisition of WCI Steel, a market leader in the
models.
production of value-added steel products based in
Specialists of the Joint Engineering Center and assembly technologists are
Warren, Ohio.
working on replacing outdated fasteners with modern progressive fixings of the WCI Steel will be known as Severstal Warren, Inc.
types widely used in the global automotive market.
Severstal acquired all of the outstanding equity of WCI for
These replacements will help to eliminate the use of spring washers, flat
a total cash consideration of US$140 million.
washers and other subsidiary fasteners in threaded joints. This change will help to
WCI’s total annual steel-making capacity of 1.22 million
reduce the fastener range, bring down production costs, improve joint safety and
metric tons is focused on high-quality, custom flat-rolled
enhance assembly quality and efficiency.
steel for use in demanding applications in the automotive,
appliance, furniture, construction and energy markets.
Fastener traders raise
Wooden fasteners boxes
prices 15%-40%
a thing of the past
Several major Russian fastener traders announced
price increases of between 15 and 40% starting from
July.
Rechitskiy Metizniy Plant has tons of fasteners by the end of 2008,
The reseller prices have been driven by increases
decided to stop using wooden boxes increasing four-fold in 2009.
applied by Russian fastener manufacturers, which have
for packing of product, replacing The maximum weight for each new
in turn explained the necessity of their actions based on them with corrugated cardboard pack will be 20kg. At present two
worldwide raw material cost increases, which account
boxes filled on automated lines as investment projects are being realised
for a considerable share of production cost.
much as possible. at the plant: modernisation of a
Hardware manufacturers association, Rosmetiz
New package samples, designed by fastener workshop and construction of
announced on its website at the beginning of August
the packaging equipment specialists, the second line for production of
that major Russian hardware producers MMK-Metiz and
Severstal-Metiz had both raised prices as a result of the
were tested in May. Based on the test self-tapping screws.
general trend of rising costs in metallurgy.
results, a decision was made to The new production sections will be
Severstal-Metiz increased bolt prices between 12 and
change package for cardboard boxes equipped with automatic packing
17% and nuts by 15%. MMK-Metiz increased bolts and
gradually at all production units. The machines, which will also be installed
nuts by 7%. new method will be applied for 500 in existing production sections.
3M Russia announces development strategy
3M Russia has announced its development strategy for the period abrasive materials, personal protective gear, adhesives, filters, polymer
until 2012. The strategy aims at tripling the company’s turnover additions, and others. Two other areas, providing the biggest growth of
and further stimulating growth, which has run at 35% annually for the turnover, are materials for car renovation, the quality of which has
the last three years. made 3M widely known among premium-class car services, and
The key elements of the strategy are development of complex products for public health, which account for around 20% of total
solutions for the main branches of Russian economics, establishment of turnover.
its own local production, further expansion into the regions, and quality Investments into new areas, including optical systems, complex
improvement of customer support service. solutions for gas and oil industry, mineral resource and construction
The company’s first priority is goods for industrial markets, which industries will also play a considerable role in the company’s business
account for 50% of the company’s present turnover. They include growth plan.
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