PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Metglas, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Metglas, Inc. Completes $22M Expansion Project at Conway SC Facility - Metglas, Inc. completed its recent operations expansion of its $22.5 million capital investment that is expected to create 25 new jobs over the next three years. Metglas, located within the Atlantic Industrial Center in Conway S.C
Metglas, Inc. Completes $22M Expansion Project at Conway SC Facility

 

NewswireToday - /newswire/ - Conway, SC, United States, 2009/09/18 - Metglas, Inc. completed its recent operations expansion of its $22.5 million capital investment that is expected to create 25 new jobs over the next three years. Metglas, located within the Atlantic Industrial Center in Conway S.C.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Metglas, Inc, a subsidiary of Hitachi Metals Inc. and world leader in amorphous metals, celebrated its recent operations expansion of its $22.5 million capital investment that is expected to create 25 new jobs over the next three years. Elected officials, delegates and business leaders attended the celebration and dedication.

Metglas, located within the Atlantic Industrial Center in Conway, is the world pioneer in the development and commercialization of amorphous metal. Metglas currently exports more than 90% of the materials manufactured in the Conway plant for applications that include transformers, medical equipment, automotive emission reduction and anti-theft devices.

Amorphous metal distribution transformers are the globally accepted method of maximizing electricity distribution energy efficiency and minimizing greenhouse gas emissions from generation while providing measurable economic value to utilities. The October 2007 US Department of Energy regulation Energy Conservation Program for Commercial Equipment: Distribution Transformers Energy Conservation Standards, effective January 1, 2010, mandates energy efficiency that is easily achievable with Metglas amorphous electrical steel.

“Hitachi Metals believes that Metglas’ amorphous metal products will help lead the way toward sustainable growth for the company as a whole. But more importantly, we are excited that Metglas’ products are environmentally friendly and contributing to global energy savings. As a company, we support the United States’ renewed commitment to forward-thinking energy policies, including the Department of Energy’s new regulations regarding transformer efficiency. With Metglas’ decision to invest in this new line- expanding production capacity and creating new jobs here in Horry County – we believe we are well-positioned to take advantage of these truly exciting developments,” stated Hironori Nakanishi, president of Hitachi Metals.

“This expansion will allow Metglas to better serve the electricity transmission and distribution market by allowing for the manufacture of more ultra-efficient Metglas-based transformers. Both utilities and electricity consumers will benefit by saving money over the life of the transformer due to lower energy losses” says Dave Millure, Senior Vice President of Sales and Marketing at Metglas, Inc. “A significant share of the new transformers in India, China and other Asian countries already include Metglas. Now, with the ability to supply more to the Americas and European markets, the entire world will be able to take advantage of this important technology.”

The expansion of the casting operations at the Conway facility included the installation of the largest amorphous metals power casting line in the world. This casting line will cast ribbon which will be made into the most energy efficient distribution transformers worldwide. The expansion will increase Metglas’ electrical steel for transformers by over 50% allowing the company to better supply the growing North and South American markets with energy efficient solutions to electricity distribution.

“This investment in eco-friendly Metglas further demonstrates Hitachi Metals’ overarching desire to provide solutions to the world that lower greenhouse gas emissions in a cost effective manner for customers.” says Dodd Smith, President and Chief Operating Officer, Metglas, Inc.

“Metglas stands ready to work with transformer makers to ensure that they make the best use of the extraordinary properties that Metglas provides. We also look forward to any opportunity to talk with utilities to explain the value that a Metglas-based transformer can bring to them and their customers.” says Millure.

About METGLAS® Inc.
METGLAS® Inc. (metglas.com) is the world's leading producer of amorphous metal ribbon and components used in the production of electrical distribution transformers, high frequency magnetic components for power electronics, material for anti-theft tags, brazing alloys, and solder. Based on technology developed at Metglas, Inc. (then AlliedSignal) research facilities in Morristown, New Jersey, the unit began developing amorphous metals in 1970.

Amorphous Metals, also known as metallic glass alloys, differ from traditional metals in that they have a non-crystalline structure and possess unique physical and magnetic properties that combine strength and hardness with flexibility and toughness. Key Products include the following: METGLAS®, Amorphous Metal, Glassy Metal, Metallic Glass, Transformer Core Alloys, Distribution Transformer Cores, METGLAS® High Frequency Cores including the MAGNAPERM®, MICROLITE®, MICROLITE® FORMS; and POWERLITE®; product lines, METGLAS® Brazing foil, and Specialty Products.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Metglas, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Metglas, Inc. Completes $22M Expansion Project at Conway SC Facility

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Shawn Glasby - Metglas.com 
843-349-6800 shawn.glasby[.]metglas.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Metglas, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Metglas, Inc. / Company Profile


Read Energy Most Recent Related Newswires:

RWE Turns to GE to Improve Flexibility and Performance
Liquefied Gas Pump Market to Record an Exponential CAGR by 2026 According to Persistence Market Research
GE and Solairedirect India Partner for the Next 25 Years
ENGIE Wins Major Contract with Transport for London
Boost in Genset Manufacturing Activity to Resolve Power Challenges in the Southern African Region Finds Frost & Sullivan
ENGIE to Become Worldwide Leader of Independent District Cooling by Acquiring A 40% Stake in Tabreed from Mubadala
Asia-Pacific Renewable Energy Inverters Market Leverages Favourable Targets and Feed-in Tariffs to Catalyze Growth, finds Frost & Sullivan
GE Introduces Rugged, Resilient Power Supply for Industrial Applications
Energy Technology Developers Focus on Sustainability and Efficiency to Stay Relevant in a Changing Market Finds Frost & Sullivan
Baker Hughes and GE Announce Executive Leadership Team for Baker Hughes, a GE Company
Enel Green Power Acquires Two Wind Farms in Campania from Amec Foster Wheeler
Enel and Rosseti Sign MoU for Cooperation in Innovative Smart Grid Solutions
World’s Largest Floating Photovoltaic Power Plant Test-bed Features ABB Technology
Enel Group Confirmed in Euronext Vigeo Eiris Sustainability Indices for Fifth Straight Year
Invenergy Selects GE Renewable Energy to Provide Cyber Security for Entire Fleet

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit RightITnow Ltd

Visit  MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)