Nucor Steel has an extensive special bar quality (SBQ) steel program that dates back to the conversion of its plants in South Carolina, Tennessee and Nebraska to handle the product decades ago. In 2002, the company purchased an idled plant in Tennessee that was dedicated to SBQ production.
A common concern with business loans is covenant compliance. Does my business loan have covenants? If so, what are the compliance requirements? Smaller loans under $100,000 may not require collateral and are usually free of any covenants. As businesses grow, however, so do their financing needs.
As we enter the new year, we often look forward to business growth potential and resolutions to improve our professional and personal lives. Perhaps this year, more than any other in recent memory, we anticipate a great amount of change that may improve our health, economy and social interactions. Part of this anticipation can include examining present legal trends that may affect your forge in 2021.
Pulse plasma offers significantly more precision in nitriding through the control of the mixture of gases, the controllability of glow-discharge intervals, the design of the pulsed signal and the use of a highly insulated hot-wall nitride furnace. Together with innovations in the design of the furnaces to streamline batch management in nitriding operations, forgers can benefit from dies with superior surface hardness, wear resistance, heat resistance and fatigue strength.
The forging industry has spent thousands of years adapting to changing environments in its mission to supply quality products to the industries it serves. In these more challenging financial environments, in which pensions are hard to come by and training new employees comes at such a high cost, it is apparent that we need to do more to retain good talent.
The advent of the COVID-19 pandemic drastically changed personal and professional operating environments alike. For Onex Inc., a furnace and refractory supplier to the forging and other heat-intensive industries, the pandemic forced a rethinking of ongoing operations that enabled the business to maintain its operations. Believing that the company would be stronger if it were employee-owned, it became an ESOP company in July.
March 2020 is a month few people in America will ever forget. Here in Pennsylvania, our world as manufacturers came to an abrupt halt on Thursday, March 19, when Governor Tom Wolf ordered the closure of all businesses on the following day due to the COVID-19 pandemic. The only exceptions were those businesses listed as “life-sustaining.”
Construction work on the new SMS group Campus in Mönchengladbach, Germany, started with a recent groundbreaking ceremony. The site will be home to a new technology, service and digitalization center built on SMS premises. Starting in 2023, the competencies of five locations in the region will be brought together at this central location in the Rhineland. With its new campus, SMS will be able to exploit the full catalyst effect from the growth areas of service and digitalization to expand its role as a technology provider.
Any student of world history can tell you that the concept of democracy is handed down to us by the culture and governance of ancient Greece. The word democracy is derived from two Greek words: “demos,” or people; and “kratos,” or rule.
Check out the February 2021 issue of FORGE, featuring our cover story on the "Nucor Steel's SBQ Program", "Back to the Future: Revisiting AM Predictions from 2012", "Pulse-Plasma Nitriding Improves Forging-Die Performance", and much more.