Skip to content
Search

Latest Stories

Caparo group company wins global award for innovation

BRITISH INDUSTRIALIST Lord Swraj Paul-owned Caparo group company has won a global award for innovation.

The Bull Moose Tube Company (BMT), a Caparo Bull Moose subsidiary, has won the Fastmarkets Global Awards for steel excellence, one of the most recognizable awards, in the best innovation – product category on July 23.


The company emerged winners from among 71 finalists across the world for its Hydrologic Sprinkler Pipe. The company's advanced metallurgy has imparted a stainless steel alloy layer onto the interior and exterior diameters of a low carbon steel core creating an ultra-smooth surface that reduces resistance and pressure loss of water carried by the pipe.

The product development was centered on a new spatially optimised diffusion alloy that is permanently bonded to the steel’s surface. It will help customers in reduction in material, labor and associated hardware costs as it provides high stainless-steel pipe performance in a more economical, easier-to-handle form, a company statement said.

“We are incredibly honored to be recognised for our innovation in Hydrologic Sprinkler Pipe," said Thomas A Modrowski, president & ceo.

"The team’s dedication to excellence and innovation earned this honor for our Company and demonstrates that success happens in an atmosphere of teamwork and collaboration among employees and with business partners and customers."

Mark Abernathy, manager field application engineer for BMT and project lead, said: “This achievement acknowledges BMT’s commitment and capability to continuously improve product performance and be a leader in responding to industry needs.”

Based in Chesterfield, Missouri, BMT operates from seven plants – six in the US and one in Canada. It offers one of the largest ranges of welded steel tubing in North America.

Owned by the Lord Paul family, Caparo was founded in 1968. It operates internationally from over forty sites, serving customers globally, primarily from operations based in the UK, North America, India, and the Middle East.

More For You

Deliveroo posts first annual profit after 12 years

A Deliveroo rider near Victoria station in London, England. (Photo by Dan Kitwood/Getty Images)

Deliveroo posts first annual profit after 12 years

FOOD DELIVERY app Deliveroo announced on Thursday (13) its first annual profit as orders and revenue rose, while the 12-year old company sees further growth despite exiting Hong Kong.

The milestone follows sizeable full-year losses owing to high investment costs since American Will Shu founded the company in 2013 and made Deliveroo's first delivery in London.

Keep ReadingShow less
JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less