News & Press Releases

London, July 16, 2019

Mitsubishi Heavy Industries (MHI) and Primetals Technologies will acquire ABP Induction Systems (ABP), a global manufacturer and servicer of induction furnaces and heating systems from CM Acquisitions, a Chicago based private equity firm.  ABP offers a variety of best-in-class products and comprehensive services to blue-chip customers, including leading automotive OEMs and suppliers, industrial manufacturers, independent foundries as well as steel plant manufacturers and steel producers. MHI and  Primetals Technologies will jointly take ABP’s shares.

London, July 01, 2019

One of China's largest steel producers recently awarded Primetals Technologies an order to optimize the processes of one of its continuous casters. This meant that the leading supplier of automation systems in the metallurgical industry celebrated its 150th order in the last ten years alone for process automation systems (Level 2) in continuous casting.

London, June 26, 2019

Primetals Technologies has developed the world's first direct reduction process for iron ore concentrates from ore beneficiation not requiring any preprocessing like sintering or pelletizing. Primetals can resort to the comprehensive experience from the earlier Finmet development and plant installations. The new technology can be applied to all types of beneficiated ore and particle sizes of 100% smaller than 0.15 mm. As primary reduction agent, the new process uses H2 from renewable energy or alternatively H2 rich gases from conventional steam reformers or H2 rich waste gases. This results in a low or even a zero CO2 footprint.

London, June 11, 2019

It is with deep regret and profound sadness that we inform you that Mr. Yasukuni Yamasaki, the former CEO and Chairman of the Board of Primetals Technologies Limited, suddenly passed away on June 7, 2019 due to a heart attack.

London, May 30, 2019

Chinese steel producer Jiangsu Shagang Group Company Limited (Jiangsu Shagang) placed an order with Primetals Technologies to install automatic tapping system on two BOF converters in its converter steelworks in Zhangjiagang in Jiangsu Province. This modernization project marks the first commercial implementation of Primetals Technologies´ Automated Tapping system in a steelworks. The package will reduce tapping time and minimize slag carry-over, improving subsequent phosphorous refining.