Latest from Materials

Aleksandr Matveev | Dreamstime
Thiti Tangjitsangiem | Dreamstime
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
'Availability of new foundry sand is already becoming a challenge, along with the need of providing new solutions to waste management,” according to the director of a metallurgical research center.
Branimir Ritonja | Dreamstime
Automotive cast parts.
Automotive cast parts.
Automotive cast parts.
Automotive cast parts.
Automotive cast parts.
Seesea | Dreamstime
Fire photo
Fire photo
Fire photo
Fire photo
Fire photo
Jacek Sopotnicki | Dreamstime
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
With deoxidized base iron, carbon levels can be increased to 3.30% C and alloying can be completely or nearly eliminated at the same time.
Simone Neuhold / RHI Magnesita
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.
Many refractory products are custom-developed and manufactured for particular applications, and also usually contaminated with material they have absorbed while lining furnaces or ladles, which makes the recycling process a challenge.

Navistar Preparing to Block Takeover Attempts

June 21, 2012
Diesel engine/truck manufacturer adopts “poison pill” plan

Truck builder and diesel engine manufacturer Navistar International Corp. has adopted a “stockholder rights plan,” apparently in anticipation of stepped-up efforts by activist shareholders to initiate takeover efforts. Carl Icahn reportedly has accumulated 12% of the company’s stock, Mark Rachesky apparently controls 13.6%, and Mario Gabelli is said to have assembled a 6.2% share.

Navistar stock has declined an estimated 45% in value over the past 12 months.

In addition to producing diesel engines and commercial and military trucks, and buses, Navistar has two metalcasting operations as part of its PurePower Technologies business unit. The foundries at Indianapolis and Waukesha, WI, produce gray and ductile iron and CGI castings for the group’s diesel engine products.

Icahn made efforts to force Navistar into a merger with Oshkosh Corp. in 2011, but the company’s directors reached a “truce” with him last November. They agreed not to increase the size of the board and to end a practice of staggered board elections — and they agreed not to institute a so-called a “poison pill” stockholder rights plan. In return, Icahn agreed not to initiate a proxy fight.

The plan the directors have now adopted is designed “to deter coercive takeover tactics,” according to a statement. This includes accumulation of shares in the open market, or through private transactions, and to prevent potential buyers from gaining control of the company without offering “a fair and adequate price” to all stockholders.

If any shareholder’s stake rises above 15%, the plan stipulates that one preferred stock purchase right will be distributed as a dividend on every share of Navistar common stock held at the close of business on June 29, 2012.

If an outside investor acquires a stake of 15% or more in the company, Navistar would entitle its shareholders to buy new common stock at a 50% discount.

In either case, the aim is to increase the challenge and the cost for anyone trying to overtake the current ownership position.