Through ProTec, the two steelmakers have been supplying the North American auto industry Links of London hotdipped galvanized, highstrength steel since . By adding a continuous annealing line, ProTec will also form coldrolled advanced highstrength steels and ultra highstrength steels for certain automotive structural parts. Automakers use this material to increase the strength and safety of their vehicles Links of London Dice Charm reducing the vehicle`s weight, improving fuel efficiency and curbing emissions. The annealing line will process steel purchased from Pittsburghbased U.S. Steel. "With this investment, both U.S. Steel and Kobe Steel are wellpositioned to serve our automotive customers," John P. Surma, U.S. Steel`s chairman and chief executive officer, said in a statement. ProTec already supplies automakers with coated sheet steel in coil with its million tons of annual capacity. AMM Webco`s net income jumps to .M in fiscal first quarter Publication Metal Bulletin Provider Metal Bulletin com December , GMT Webco Industries Links of London Disc Charm.`s earnings surged in its fiscal first quarter, with net income of nearly . million more than times the yearearlier . The Sand Springs, Okla.based manufacturer and distributor of carbon, stainless and other metal tubular products reported net sales of . million for the three months ended Oct. , up . percent from million in the same quarter last year. "The initiatives on which we focused over the last year and a half are allowing us to operate at a high level of productivity," F. William Weber, Webco`s chairman and chief executive officer, said in a statement accompanying the earnings release. Webco also continues "Links of London Dome Jade Charm pursue organic growth through strategic investments in manufacturing and information technology," he said. The company`s capital expenditures were . million in the quarter, a figure that`s expected to reach million to million for the full fiscal year, the company said.
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