EoW November 2013

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News
Corporate
November 2013 21
Inosym Reels and Qunye Reels have established a joint venture company
– IQ Reels.
The establishment of IQ Reels is a major milestone for Inosym and Qunye
and will ensure existing and new customers continue to receive high quality
products and service through a comprehensive worldwide sales network
and world-class production facilities of over 40,000m2.
The quality and service of Inosym combined with the cost base and
production facilities of Qunye will allow IQ Reels to offer reels, bobbins and
spools to meet all markets, quality and price expectations.
IQ Reels welcomes enquires through the local Inosym agent, found through
the Inosym website at or directly through either www.
inosym.com or
Inosym – New Zealand Qunye Reels – China
Website: Website:
Reel deal for Insoym and Qunye
▲ ▲ IQ Reels’ directors are, from left, Mr Chen Houqing, Mr Grant Latimer, Mr Bob Zhou, Mr Philip
Young and Ms Wang Qiuxiang
Duisburg deal is done
Tenova has completed the acquisition of
Technometal GmbH, a German company based in
Duisburg.
Technometal is a plantmaker with the ability to
cover the full set of plants and services in the
secondary metallurgy market: project studies,
plant design, engineering, supply, commissioning,
training and consulting.
Seventy five per cent of the steel produced is
refined via secondary metallurgy processes.
Technometal supplies equipment, related to the
process requirements, with capacities ranging
from less than five to more than 300 tons. This
know-how allows Tenova to integrate and expand
its product portfolio (LF, VD and VOD) by including
the refining equipment for BF/BOF route (RH).
In this way, Tenova strengthens its position as a
recognised player in secondary metallurgy with
three centres of activity: Tenova Melt Shops (Italy),
Technometal (Germany) and Tenova Core (USA).
In the last seven years the following German
companies have joined the Tenova Group: LOI
Group (Essen), TAKRAF (Lipsia), Metall Technologie
Holding (Menden), and Technometal (Duisburg).
Tenova – Italy Website: