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Kalmar signs agreement with OSTP Finland for five Medium Forklift Trucks
Globenewswire· 2026-01-21 08:00
Core Insights - Kalmar has signed an agreement with OSTP Finland for the delivery of five Medium Forklift Trucks, along with a five-year Essential Care maintenance contract, aimed at enhancing efficiency and sustainability in operations [1][4] - The order is recorded in Kalmar's Q4 2025 order intake, with delivery scheduled for Q3 and Q4 2026 [1] Company Overview - OSTP is a prominent manufacturer of stainless steel pipes, tubes, and fittings, emphasizing quality and efficiency through innovative production methods and digital tools [2] - Kalmar, headquartered in Helsinki, Finland, operates globally in over 120 countries and reported sales of approximately EUR 1.7 billion in 2024, focusing on sustainable material handling equipment and services [5] Operational Impact - The new Kalmar Medium Forklift Trucks will support OSTP's material handling needs as the company expands its offerings and prioritizes sustainability [3] - The partnership with Kalmar is seen as crucial for OSTP's long-term development towards more digital and efficient operations, ensuring safe and reliable material handling solutions [4]
First Atlantic Nickel to Attend North American Stainless & Special Alloys Conference 2025, Highlighting Pipestone XL Nickel Alloy Project's Smelter-Free Processing and Chromium Byproduct Potential for North America's Critical Alloys Supply Chain
Globenewswire· 2025-11-06 12:01
Core Insights - First Atlantic Nickel Corp. is participating in the North American Stainless & Special Alloys Conference 2025 to showcase its Pipestone XL Nickel Alloy Project, which addresses the increasing demand for nickel, cobalt, and chromium production in North America [1][2][4] - The Pipestone XL Project features awaruite, a naturally magnetic nickel-iron-cobalt alloy mineral with approximately 77% nickel content, allowing for simplified processing methods that reduce energy requirements and environmental impacts [1][6][17] - The discovery of awaruite in Newfoundland represents a significant advancement in addressing supply chain vulnerabilities for the North American stainless-steel industry, which relies heavily on critical minerals [2][5][8] Company Overview - First Atlantic Nickel Corp. is focused on developing the Pipestone XL Nickel Alloy Project, which spans a 30-kilometer area in Newfoundland & Labrador and contains significant deposits of awaruite and chromium [27][28] - The project aims to establish a secure and reliable source of nickel production for various industries, including stainless steel, electric vehicles, aerospace, and defense [28] Industry Context - The North American stainless-steel industry faces strategic vulnerabilities due to its reliance on imported critical minerals such as chromium and nickel, with U.S. net import reliance at 74% for chromium and 83% for nickel [8][9] - The U.S. Geological Survey emphasizes the importance of developing domestic sources of critical minerals to mitigate supply chain risks, particularly for stainless steel production [5][8] Technical Advantages - Awaruite's unique properties allow for smelter-free processing through magnetic separation and flotation, significantly reducing environmental impacts compared to traditional nickel processing methods [6][10][17] - Recent drilling results confirm the scale and consistency of mineralization at the Pipestone XL Project, with significant nickel grades and potential for high-grade concentrate production [12][13] Supply Chain Implications - The Pipestone XL Project enables complete domestic processing of critical minerals, reducing dependence on overseas smelting and enhancing supply chain resilience for North American stainless steel producers [9][10] - The concentration of global critical mineral supply creates vulnerabilities for producers in North America and other G7 economies, highlighting the need for secure domestic sources [9][11]
First Atlantic Nickel to Attend North American Stainless & Special Alloys Conference 2025, Highlighting Pipestone XL Nickel Alloy Project's Smelter-Free Processing and Chromium Byproduct Potential for North America's Critical Alloys Supply Chain
Globenewswire· 2025-11-06 12:01
Core Insights - First Atlantic Nickel Corp. is participating in the North American Stainless & Special Alloys Conference 2025 to showcase its Pipestone XL Nickel Alloy Project, which addresses the increasing demand for nickel, cobalt, and chromium production in North America [1][2][4] - The Pipestone XL Project features awaruite, a naturally magnetic nickel-iron-cobalt alloy mineral with approximately 77% nickel content, allowing for simplified processing methods that reduce energy consumption and environmental impact [1][7][19] - The discovery of awaruite in Newfoundland represents a significant advancement for the North American stainless-steel industry, which relies heavily on critical minerals [2][5] Company Overview - First Atlantic Nickel Corp. is focused on developing the Pipestone XL Nickel Alloy Project, which spans the 30-kilometer Pipestone Ophiolite Complex and contains significant awaruite and chromium mineralization [29][30] - The project aims to establish a secure and reliable source of nickel production for various industries, including stainless steel, electric vehicles, aerospace, and defense [30] Industry Context - The North American stainless-steel industry faces vulnerabilities due to its reliance on imported critical minerals, with the U.S. Geological Survey designating chromium, nickel, and cobalt as critical minerals [2][5][9] - The conference serves as a platform for stakeholders to discuss strategies for enhancing the competitiveness of the North American supply chain amid shifting geopolitical realities [4][10] Technical Advantages - Awaruite's sulfur-free composition allows for smelter-free processing through magnetic separation and flotation, significantly reducing environmental impacts compared to traditional nickel processing methods [7][19][20] - Recent drilling results indicate a consistent mineralization scale, with significant nickel grades achieved through magnetic separation techniques [14][15] Market Implications - The global concentration of critical mineral supply creates strategic vulnerabilities for stainless steel producers, highlighting the importance of domestic processing capabilities [10][12] - The U.S. has not produced chromium domestically since the 1960s, making First Atlantic's project crucial for establishing a reliable domestic supply chain [5][13]