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Showa Denko Carbon Inc., a graphite electrodes manufacturer, purchased a 50% stake in AMI Automation, a Mexican company specializing in industrial drive systems and meltshop solutions, forming a joint venture.
Showa Denko acquired 50% ownership in AMI Automation, headquartered in Monterrey, Mexico, effective February 5, 2021. Showa Denko has an option to acquire the remaining 50% within five years.
Midrex Technologies and AMI Automation entered a strategic agreement to provide steelmakers with process optimization solutions for DRI-based integrated EAF steel mills, combining digital tools and remote monitoring.
Gerdau Long Steel North America signed an electric arc furnace optimisation agreement with AMI Automation.