New material for generators: thyssenkrupp Schulte supplies material for innovative aluminum fan blades

thyssenkrupp Schulte, a company of thyssenkrupp’s Materials Services business unit, has collaborated with Siemens to develop new fan blades made from a special aluminum alloy. The innovative material is used among other things in generator cooling fans.

Gerald Mulot, sales manager for major customers at thyssenkrupp Schulte, believes this will deliver significant cost benefits to the customer: “Being in close proximity to our customers means we can check their production processes regularly for potential savings. That was the case with the fan blades. The switch from steel to aluminum will provide Siemens with the same functionality at significantly lower cost.”

The optimized part was identified as part of thyssenkrupp Schulte’s central key account support. Extensive tests were conducted and trial deliveries met all requirements.

thyssenkrupp Schulte will now supply Siemens with several tons of aluminum mill products per year from its logistics center in Dortmund on a just-in-time basis. “That will allow Siemens to concentrate fully on its core activities,” says Mulot.

thyssenkrupp Schulte GmbH is a materials partner for carbon and stainless steels and nonferrous metals, providing made-to-measure products for over 70,000 customers in industry, construction and the trades. The company has a broad range of flat products, sections and tubes for all requirements which can be cut to customer specification. Closeness to customers is another key advantage: With over 40 sites in Germany, thyssenkrupp Schulte is always close at hand and can serve customers throughout the country quickly and reliably. A wide product range, professional advice and extensive services round out the portfolio of Germany’s biggest materials distributor.

About Siemens Power & Gas Division

The Siemens Power and Gas Division offers utilities, independent power producers, engineering, procurement and construction companies (EPCs), and oil and gas customers a broad spectrum of products and solutions for the environmentally-compatible and resource-saving generation of power from fossil fuels and renewable sources of energy and for the reliable transportation of oil and gas.

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New material for generators: thyssenkrupp Schulte supplies material for innovative aluminum fan blades

thyssenkrupp Schulte, a company of thyssenkrupp’s Materials Services business unit, has collaborated with Siemens to develop new fan blades made from a special aluminum alloy. The innovative material is used among other things in generator cooling fans.

Gerald Mulot, sales manager for major customers at thyssenkrupp Schulte, believes this will deliver significant cost benefits to the customer: “Being in close proximity to our customers means we can check their production processes regularly for potential savings. That was the case with the fan blades. The switch from steel to aluminum will provide Siemens with the same functionality at significantly lower cost.”

The optimized part was identified as part of thyssenkrupp Schulte’s central key account support. Extensive tests were conducted and trial deliveries met all requirements.

thyssenkrupp Schulte will now supply Siemens with several tons of aluminum mill products per year from its logistics center in Dortmund on a just-in-time basis. “That will allow Siemens to concentrate fully on its core activities,” says Mulot.

thyssenkrupp Schulte GmbH is a materials partner for carbon and stainless steels and nonferrous metals, providing made-to-measure products for over 70,000 customers in industry, construction and the trades. The company has a broad range of flat products, sections and tubes for all requirements which can be cut to customer specification. Closeness to customers is another key advantage: With over 40 sites in Germany, thyssenkrupp Schulte is always close at hand and can serve customers throughout the country quickly and reliably. A wide product range, professional advice and extensive services round out the portfolio of Germany’s biggest materials distributor.

About Siemens Power & Gas Division

The Siemens Power and Gas Division offers utilities, independent power producers, engineering, procurement and construction companies (EPCs), and oil and gas customers a broad spectrum of products and solutions for the environmentally-compatible and resource-saving generation of power from fossil fuels and renewable sources of energy and for the reliable transportation of oil and gas.

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New order from Jindal Group

JSW Steel Ltd. in Toranagallu, India, belonging to Jindal Group, has awarded SMS Concast, a company of SMS group (www.sms-group.com), an order covering a 5(6)-strand high-speed billet caster. This project is part of a bigger expansion plan, and the main objective is a productivity increase.

The existing steel plant consists of a 160-ton electric arc furnace, ladle furnace, billet caster and rolling mill and shall increase the annual production to 1,500,000 tons of steel after installation of the new billet caster. The caster will be designed for fast casting of square billets with an edge length of 165 millimeters.

SMS Concast’s caster configuration will allow the common use of spares in two different steel meltshops. This is one big feature to decrease OPEX.

Furthermore, latest technology will be applied to reach the specified productivity and OPEX targets. One special product is the lowmaintenance oscillation drive called CONDRIVE, another the advanced INVEX® mold technology.

The CONDRIVE mold oscillation represents a totally new approach combining the advantages of hydraulic and mechanic drives in one. Due to the innovative torque drive, the amplitude, frequency and oscillation profile can be adjusted online and independently. Thus it grants full functionality, however without the hydraulic system drawbacks in terms of maintenance and piping. In this context, CONDRIVE is one part of the advanced maintenance concept with a view to reduced spare parts inventory.

Regarding productivity, the SMS Concast-developed INVEX® mold allows for very high strand throughputs in the area of 790 kg/min. The special tube geometry and enhanced water cooling features allow the mold to achieve efficient heat transfer and thus a more uniform solidification at the faces and in the corner areas, thus enabling higher casting speeds.

“Considering the very good performance of the existing SMS Concast equipment, its advanced technology and reduced OPEX, we have decided to go for another co-operation in order to implement our expansion plan,” says Mr. Purushottam Prasad from JSW Steel Ltd.

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ArcelorMittal Bremen will upgrade its hot strip mill with the aid of SMS group

ArcelorMittal Bremen, Germany, has contracted SMS group (www.sms-group.com) to modernize its hot strip mill with the objective of improving hot strip tolerances.

The upgrade will comprise the installation of a CVC®plus work roll shifting system with integrated bending mechanism and of new drive spindles in the first three mill stands of the finishing line, plus the installation of a new PCFC® (Profile, Contour and Flatness Control). The modernization will provide ArcelorMittal Bremen with a powerful actuator to influence strip profile and strip flatness.

The facility in Bremen is the third hot strip mill of the ArcelorMittal group to be equipped with the CVC®plus system (Continuously Variable Crown) by SMS group within a short period. Axial shifting of the work rolls, that come with the special CVC®plus crown, combined with roll bending system and the technological process model PCFC® permit the roll gap to be perfectly adjusted to changing process conditions and hence to produce strips with close geometrical tolerances. The drive spindles to be supplied to ArcelorMittal Bremen will be SIEFLEX® HT gear-type self-aligning spindles (High Torque) developed by SMS group.

Finishing stands F1 to F3 will be modernized in two steps during the regular annual maintenance downtimes in October 2018 and October 2019. The PCFC® will be integrated before the second downtime already and run in parallel to the existing control system. Thanks to this so-called shadow mode, it will be possible to check all functions, interaction with the automation environment as well as model adjustment prior to commissioning, and finally to ensure the smooth start of production.

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ARTES and Minapharm joint forces

ARTES Biotechnology GmbH, Germany, and Minapharm Pharmaceuticals and Chemical Industries S.A.E., Egypt, jointly announced today the formation of a new strategic business pact.

Aim of this new strategic business cooperation is to jointly out-license combinations of ARTES’ and Minapharm’s respective proprietary technologies and products to third parties worldwide. Both partners own and control technologies for microbial and mammalian recombinant cell lines, processes and products.

The already existing and established partnership among the companies bases on a successful, long lasting business relationship. In this, ARTES acts as specialist for microbial cell line and process development for recombinant proteins and Minapharm on the other hand is the major player for production and marketing of bio-pharmaceuticals in the MENA region.

“With the combination of ARTES’ and Minapharm’s business intelligence and service solutions future clients will benefit from our latest, innovative developments ”, Dr. Michael Piontek, Managing director of ARTES stated, “and will get robust, proven manufacturing experience and product registration.” Proven safety and efficacy of products will team up with high yield and low cost manufacturing technology.

“The established alliance with ARTES continuously confirms Minapharm’s position as a regional biotech leader. Our emergence as such contributes to a radical shift in both innovation and affordability of biopharmaceuticals as a function of time. We have been able to demonstrate the viability of our strategy to offer patients in the developing world with a timely benefit of novel therapeutic proteins. Our biopharmaceutical pipeline portfolio reflects great potential to expand our strategy and offers solutions for the management of medical emergencies. We are glad that ARTES is sharing our vision” said Frank Mueller, Senior Manager Biopharmaceutical Projects of Minapharm.

For more information regarding availability of cell lines and process technology, please see contact below.

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Treasury Metals Announces CEO Departure and Appointment of Interim CEO

Treasury Metals Inc. (TSX: TML) (“Treasury” or the “Company” – http://www.commodity-tv.net/c/search_adv/?v=298263) today announces the departure of the President and Chief Executive Officer Chris Stewart. Chris has accepted an executive role with a global intermediate gold producer, and will leave Treasury to assume his new role in August. Chris presided over an active phase of permitting, exploration, and development at Treasury and built a team in Dryden which will continue progressing the Goliath gold project towards production.

Bob MacDonald, Vice President, Operations and Mark Wheeler, Project Director will continue in their roles with increased responsibilities and the Company will continue to focus on Federal mine permitting with the Canadian Environmental Assessment Agency, engineering and on the completion of the on-going resource expansion drilling program.

The Board has appointed Greg Ferron as Interim CEO. Mr. Ferron, currently VP of Corporate Development, has played a key role in the evolution of the Company.

Marc Henderson, Chairman commented, “On behalf of the entire team, we would like to extend our gratitude to Chris and wish him well in his future endeavors. The Board has full confidence in Greg, Bob, and Mark to continue to build on the successes of the Company and to execute the Goliath development plans on schedule. Greg has led our corporate development team for 6 years, and will provide leadership continuity to our staff, partners and key stakeholders. We are also thankful for the value that Bob brings as a 30-year engineer who led operations for Canadian success stories including Goldcorp’s Musselwhite and Cameco’s Saskatchewan operations.”

To view further details about the Goliath Gold Project, please visit the Company’s website at www.treasurymetals.com.

About Treasury Metals Inc.

Treasury Metals Inc. is a gold focused exploration and development company with assets in Canada and is listed on the Toronto Stock Exchange (“TSX”) under the symbol “TML” and on the OTCQX® Best Market under the symbol TSRMF. Treasury Metals Inc.’s 100% owned Goliath Gold Project in northwestern Ontario is slated to become one of Canada’s next producing gold mines. With first-rate infrastructure currently in place and gold mineralization extending to surface, Treasury Metals plans on the initial development of an open pit gold mine to feed a 2,500 tonne per day processing plant with subsequent underground operations in the latter years of the mine life.

Follow us on Twitter @TreasuryMetals

Forward-looking Statements

This release includes certain statements that may be deemed to be “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expect, are forward-looking statements. Actual results or developments may differ materially from those in forward-looking statements. Treasury Metals disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

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Foundation of Poraver Eastern Europe Sp. z o.o. in Poland

Poraver Eastern Europe Sp. z o.o. has been added to the Poraver corporate family. The newly founded company is based in Krakow, Poland.

Due to the increasing demand and very good sales developments in the Central and Eastern European market, Poraver decided to initiate and intensively advance the planning for a production plant in Poland.

The new production site in Poland will enable the Poraver customers from Eastern European to benefit from significantly lower transport costs and higher availability.

With its both production plants in Postbauer-Heng (Germany) and Innisfil (Ontario, Canada), the Poraver group has a worldwide production capacity of 85,000 tons of expanded glass and is already the undisputed market leader. From end of 2020, the third Poraver production plant in Schlüsselfeld (Germany) will be put into operation. This will increase the production capacity to over 100,000 tons of expanded glass per year. The fourth Poraver plant, located in Poland, increases the overall capacity even more and clearly underscores the company’s claim to market leadership.

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Sibanye-Stillwater concludes streaming agreement with Wheaton International

Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL – http://www.commodity-tv.net/c/search_adv/?v=298294) is pleased to announce that all outstanding conditions required to complete the gold and palladium stream agreement with Wheaton Precious Metals International Ltd Wheaton International) have been fulfilled.

In terms of the agreement, Sibanye-Stillwater has received US$500 million from Wheaton International in exchange for an amount of gold and palladium equal to a percentage of gold and palladium produced from its United States (US) Platinum Group Metals (PGM) operations (comprised of its East Boulder and Stillwater mining operations) (the Transaction). The Transaction is effective from 1 July 2018.

The US$500 million arising from the Transaction is competitively priced relative to existing Group debt and alternative financing available in international capital markets. The Transaction immediately reduces Sibanye-Stillwater’s leverage, decreasing Net Debt:Adjusted EBITDA1 by between 0.6x and 0.7x. This ensures a Group leverage ratio which is well below current and future covenant levels and facilitating a reduction in Group financing costs.

For more details on the Streaming transaction, please refer to the announcement and presentation at https://www.sibanyestillwater.com/investors/events/streaming-transaction

Footnote:
1. For the purposes of calculating the Net Debt: Adjusted EBITDA ratio, Adjusted EBITDA is calculated over the immediately preceding 12 months. Net Debt excludes Burnstone cash and debt due to the non-recourse nature of the financing as explained in the 2017 Annual Financial Statements. Adjusted EBITDA as reported is an accounting calculation based on financial results from the date of acquisition and consolidation

Contacts:
Email: ir@sibanyestillwater.com 

James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info@resource-capital.ch
www.resource-capital.ch

Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited

Advisors:
Citi is acting as exclusive financial advisor to Sibanye-Stillwater. Fasken Martineau DuMoulin LLP, Linklaters LLP, and Webber Wentzel are acting as legal advisors to Sibanye-Stillwater.

FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements, including “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933 and the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “target”, “will”, “would”, “expect”, “can”, “unlikely”, “could” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements, including among others, those relating to our future business prospects, financial positions, debt position and our ability to reduce debt leverage, plans and objectives of management for future operations, plans to raise capital through streaming arrangements or pipeline financing, our ability to service our Bond Instruments (High Yield Bonds and Convertible Bonds), our ability to achieve steady state production at the Blitz project and the anticipated benefits and synergies of our acquisitions are necessarily estimates reflecting the best judgement of our senior management and involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors, including those set forth in the Group’s Annual Integrated Report and Annual Financial Report, published on 30 March 2018, and the Group’s Annual Report on Form 20-F filed by Sibanye-Stillwater with the Securities and Exchange Commission on 2 April 2018 (SEC File no. 001-35785). These forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, save as required by applicable law

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Die Sieger der Automotive Lean Production Awards 2018 stehen fest!

Die Sieger der Automotive Lean Production Awards, die in diesem Jahr zum dreizehnten Mal verliehen werden, stehen fest. Im europaweiten Wettbewerb konnten sich durchsetzen:

  • OEM: Volkswagen AG, Werk Wolfsburg
  • Supplier: Magna Mirrors, Werk Polinya, Spanien
  • Special Award „Excellent Enterprise System”: Iveco S.p.A., Werk Madrid, Spanien
  • Special Award „Lean Transformation”: Poppe GmbH, Werk Gießen
  • Special Award “Excellent Assembly Plant “: BMW Group, Werk Chennai, Indien

Die Vergabe der Automotive Lean Production Awards und die Vorstellung der Siegerwerke erfolgt am 6. und 7. November 2018 bei Mercedes-Benz in Bremen. Herr Dr. Markus Keicher, Leiter Produktion und Standort Bremen, Daimler AG, wird den zweiten Kongresstag mit seiner Key Note „Tradition trifft Zukunft: Mercedes-Benz Werk Bremen“ eröffnen.
Das Bremer Werk, das mit dem Automotive Lean Production Award 2017 in der Kategorie „OEM“ ausgezeichnet wurde, lädt die Teilnehmer am 6. November 2018 zu einer exklusiven Besichtigung seiner Produktion und anschließendem Get-Together im Werk ein.

Das Kongressprogramm, aktuelle Informationen sowie den Link zur Anmeldung finden Sie unter: www.automotive-lean-production.de

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Design and analyze intralogistics zones with pickEXPLORER from nextLAP

nextLAP Inc. (www.nextlap.io), a specialist in IIoT-based solutions for the digital management and automation of production and logistics processes, presents its new pickEXPLORER. The software-based product allows intralogistics zones to be designed and analyzed. Based on real time picking data, walking distances and routes, throughput times and ergonomics get optimized, resulting in cost savings of up to 50 per cent.

pickEXPLORER is used to design and optimize logistics zones, with no IT knowledge required, based on the data collected from picking processes by nextLAP’s product smartRACK (e.g. part numbers, shaft, number of picks). smartRACK digitises and automates all kinds of picking processes and includes IIoT smartBUTTONs with LED display, the smartCONTROLLER and a screen or tablet. Standard storage racks in all areas are equipped with these IIoT components and connected to nextLAP’s IP/1 platform. Here, all data is collected centrally and processed in real time.

The new pickEXPLORER uses this data to evaluate the picks, for example in terms of pick frequency, walking distances and routes, throughput times and ergonomics. The picking zone is presented visually in a way that allows easy understanding of the process flow. An optimized layout can be generated at the touch of a button and subsequently adopted as the new configuration.

“Relocating logistics zones in particular is immensely time-consuming and cost-intensive. In most factories, data is still collected using Excel and paper and then used to plan processes. This is an extremely laborious task. With the help of our pickEXPLORER, using the real time data collected by smartRACK and the appropriate algorithms, logistics zones can be easily built graphically. Subsequently, they can also be optimized digitally, for example in terms of walking distances and ergonomics”, explains André Ziemke, Managing Director of nextLAP GmbH. He continues: “This creates significant potential for savings. Using pickEXPLORER, an automotive OEM was able to reduce walking distances by up to 50 per cent, for example.”

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