Moley Signs JV with Italian Firm

Moley says joint venture with GI-DA will allow it to expand its business in North America.

January 9, 2013
Recycling Today Staff
Equipment & Products Legislation & Regulations
Moley Magnetics Inc., based in Lockport, N.Y., has signed a joint venture with the Italian firm GI-DA S.r.l to allow Moley to manufacture magnet systems for material handling in steel mills. The joint venture also will be producing magnetic separators, including cross belt, induction, plate, drum and head pulley-style magnets.
GI-DA S.r.l has more than 20 years of experience designing and manufacturing magnet systems. According to Moley, the Italian firm has had success providing consulting work to help steel mills throughout Europe and the Middle East install various types of material handling equipment at their steel mill sites.
Ron Slaby, sales manager for Moley, says in the past Moley has focused on the scrap metal and construction and demolition business. However, with the newly created joint venture with the Italian firm, the company expects to expand its operations to include providing services to the North American steel industry, as well as providing equipment for industries that are looking to extract steel from the waste stream.
In regards to the North American steel industry, Slaby says that while there is little in the way of new steel mill construction in North America, he feels that the new services will allow Moley to provide some retrofitting of equipment in the steelmaking process. “We have the ability to provide the controllers and magnets for the material handling after the steel has been cast,” Slaby says.
Moley features a complete inventory of electromagnets and accessories, including conventional DC electromagnets, hydraulic and battery-operated electromagnets. The company also provides HSS titanium rotating and non-rotating mobile hydraulic shears.