Arcelor sells Techalloy to Canadian firm
Luxembourg-based steel giant Arcelor confirmed that it concluded an agreement to sell its shares in Techalloy Company Inc. to Canadian producer Central
Wire.
Arcelor owns US-based Techalloy through its subsidiary Ugitech S.A. Techalloy produces
stainless steel and nickel alloy
wire.
Techalloy, which produced 13'400 tons of drawn
wire in 2004, posted sales of $93 million.