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Voest-Alpine Industrieanlagenbau
Primetals Technologies Limited, is an engineering and plant construction company headquartered in London, United Kingdom, with numerous locations worldwide. It serves clients in the metals industry, both the ferrous and the nonferrous metals sector.  It was established as a joint venture between Siemens, Siemens VAI Metals Technologies and Mitsubishi Heavy Industries, Mitsubishi-Hitachi Metals Machinery in 2015. As of 2020, Primetals Technologies is a joint venture of Mitsubishi Heavy Industries and partners. Overview Operations Primetals Technologies operates as a full liner, i.e., a comprehensive supplier for the metals industry. Their portfolio covers all aspects of the iron and steel production process and includes several nonferrous metals technologies, as well as comprehensive metallurgical services. These processes include but are not limited to beneficiation, Direct reduced iron, direct reduction, Basic oxygen steelmaking, oxygen steelmaking, Electric arc furnace, e ...
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Limited Company
In a limited company, the Legal liability, liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also com ...
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Greenhouse Gas Emissions
Greenhouse gas (GHG) emissions from human activities intensify the greenhouse effect. This contributes to climate change. Carbon dioxide (), from burning fossil fuels such as coal, petroleum, oil, and natural gas, is the main cause of climate change. The top contributors to greenhouse gas emissions, largest annual emissions are from China followed by the United States. The United States has List of countries by greenhouse gas emissions per capita, higher emissions per capita. The main producers fueling the emissions globally are Big Oil, large oil and gas companies. Emissions from human activities have increased Carbon dioxide in Earth's atmosphere, atmospheric carbon dioxide by about 50% over pre-industrial levels. The growing levels of emissions have varied, but have been consistent among all greenhouse gases. Emissions in the 2010s averaged 56 billion tons a year, higher than any decade before. Total cumulative emissions from 1870 to 2022 were 703 (2575 ), of which 484±20 (177 ...
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Ă–sterreichische Beteiligungs AG
The Ă–sterreichische Beteiligungs AG (Ă–BAG; English: Austria Holding PLC) is an Austrian state-owned holding company that can be characterized as a sovereign wealth fund. It administers the investments of the Republic of Austria in partially or entirely nationalized companies. It is headquartered in Vienna. History In 1967, the ''Ă–sterreichische Industrieverwaltungs-GmbH'' (Austrian industry administration GmbH) was established to centralize the administration of the interests in nationalized companies. It was transformed to the ''Ă–sterreichische Industrieverwaltungs-AG'' (Austrian industry administration AG) in 1970 and at the same instant got assigned the shares of the nationalized companies. The Ă–IAG (since 1986) and the companies it owned formed a group (the Austrian Industries AG) until 1993, when this group was split and the Ă–IAG was instructed to privatize the companies it owned. In 2015, the Austrian state holding Ă–IAG was turned into a limited liability company (Ge ...
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Steel Crisis
Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high elastic modulus, yield strength, fracture strength and low raw material cost, steel is one of the most commonly manufactured materials in the world. Steel is used in structures (as concrete reinforcing rods), in bridges, infrastructure, tools, ships, trains, cars, bicycles, machines, electrical appliances, furniture, and weapons. Iron is always the main element in steel, but other elements are used to produce various grades of steel demonstrating altered material, mechanical, and microstructural properties. Stainless steels, for example, typically contain 18% chromium and exhibit improved corrosion and oxidation resistance versus its carbon steel counterpart. Under atmospheric pressures, steels generally take on two crystalline forms: body-centered cubic and face-centered cubic, however depending on the thermal hi ...
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1973 Oil Crisis
In October 1973, the Organization of Arab Petroleum Exporting Countries (OAPEC) announced that it was implementing a total oil embargo against countries that had supported Israel at any point during the 1973 Yom Kippur War, which began after Egypt and Syria launched a large-scale surprise attack in an ultimately unsuccessful attempt to recover the territories that they had lost to Israel during the 1967 Six-Day War. In an effort that was led by Faisal of Saudi Arabia, the initial countries that OAPEC targeted were Canada, Japan, the Netherlands, the United Kingdom, and the United States. This list was later expanded to include Estado Novo (Portugal), Portugal, Rhodesia, and South Africa. In March 1974, OAPEC lifted the embargo, but the price of oil had risen by nearly 300%: from US to nearly US globally. Prices in the United States were significantly higher than the global average. After it was implemented, the embargo caused an oil crisis, or "shock", with many short- and long ...
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Voestalpine
Voestalpine AG – stylized as voestalpine – is an Austrian steel-based technology and capital goods group based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries. As of 2017, it is one of the few profitable steel companies in Europe. 45 percent of its workforce is based in Austria. The Linz hot strip mill is a "fully integrated steel works" operated by voestalpine Stahl GmbH, a part of the steel division of voestalpine AG. In addition to Linz the most important plants are in Leoben in Styria and in Krems in Lower Austria. It had a large plant at Liezen in Styria which closed in the 1990s. Voestalpine is responsible for 10% of all Austrian CO2 emissions, which makes it the biggest emitter in the country. The name of the company amalgamates its two principal components, the VÖEST (Vereinigte Österreichische Eisen und Stahlwerke) in Upper Austria, established through nationalization in July 1946,Tweraser ...
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Krupp
Friedrich Krupp AG Hoesch-Krupp (formerly Fried. Krupp AG and Friedrich Krupp GmbH), trade name, trading as Krupp, was the largest company in Europe at the beginning of the 20th century as well as Germany's premier weapons manufacturer during both world war, world wars. It produced battleship, battleships, U-boats, tanks, howitzers, guns, utilities, and hundreds of other commodities. The company also produced steel used to build railroads in the United States and to cap the Chrysler Building. After the Nazi Germany, Nazis seized power in Germany, Krupp supported the regime and was one of many German businesses that profited from forced labour under German rule during World War II, slave labor during World War II. Upon the war's end, the head of the company, Alfried Krupp, was tried and convicted as a war criminal for employing prisoners of war, foreign civilians and concentration camp inmates under inhumane conditions in support of the Nazi war effort. Despite being senten ...
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Metals & Mining
A metal () is a material that, when polished or fractured, shows a lustrous appearance, and conducts electricity and heat relatively well. These properties are all associated with having electrons available at the Fermi level, as against nonmetallic materials which do not. Metals are typically ductile (can be drawn into a wire) and malleable (can be shaped via hammering or pressing). A metal may be a chemical element such as iron; an alloy such as stainless steel; or a molecular compound such as polymeric sulfur nitride. The general science of metals is called metallurgy, a subtopic of materials science; aspects of the electronic and thermal properties are also within the scope of condensed matter physics and solid-state chemistry, it is a multidisciplinary topic. In colloquial use materials such as steel alloys are referred to as metals, while others such as polymers, wood or ceramics are nonmetallic materials. A metal conducts electricity at a temperature of absolute zero ...
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Open Hearth Furnace
An open-hearth furnace or open hearth furnace is any of several kinds of industrial Industrial furnace, furnace in which excess carbon and other impurities are burnt out of pig iron to Steelmaking, produce steel. Because steel is difficult to manufacture owing to its high melting point, normal fuels and furnaces were insufficient for mass production of steel, and the open-hearth type of furnace was one of several technologies developed in the nineteenth century to overcome this difficulty. Compared with the Bessemer process, which it displaced, its main advantages were that it did not Embrittlement, embrittle the steel from excessive nitrogen exposure, was easier to control, and permitted the melting and refining of large amounts of scrap, scrap iron and steel. The open-hearth furnace was first developed by German/British engineer Carl Wilhelm Siemens. In 1865, the French engineer Pierre-Émile Martin took out a licence from Siemens and first applied his regenerative furnace for ...
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Voestalpine
Voestalpine AG – stylized as voestalpine – is an Austrian steel-based technology and capital goods group based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries. As of 2017, it is one of the few profitable steel companies in Europe. 45 percent of its workforce is based in Austria. The Linz hot strip mill is a "fully integrated steel works" operated by voestalpine Stahl GmbH, a part of the steel division of voestalpine AG. In addition to Linz the most important plants are in Leoben in Styria and in Krems in Lower Austria. It had a large plant at Liezen in Styria which closed in the 1990s. Voestalpine is responsible for 10% of all Austrian CO2 emissions, which makes it the biggest emitter in the country. The name of the company amalgamates its two principal components, the VÖEST (Vereinigte Österreichische Eisen und Stahlwerke) in Upper Austria, established through nationalization in July 1946,Tweraser ...
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POSCO
POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel manufacturer headquartered in Pohang, South Korea. It had an output of of crude steel in 2015, making it the List of steel producers, world's sixth-largest steelmaker by this measure. In 2010, it was the world's largest steel manufacturing company by market value. Also, in 2024, it was named as the world's 233rd-largest corporation by the Fortune Global 500. POSCO currently operates two integrated steel mills in South Korea, in Pohang and Gwangyang. POSCO previously operated a joint venture with U.S. Steel, USS-POSCO Industries, in Pittsburg, California, United States, but U.S. Steel acquired full ownership of the facility in February 2020. History 1968–1971 In the 1960s, South Korean administration concluded that self-sufficiency in steel and the construction of an integrated steelworks were essential to economic development. Since South Korea had not possessed a modern steel mill, steel plant prior to 19 ...
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