Sandvik AB (Stockholm, Sweden; www.sandvik.com) has signed an agreement to divest its Mining Systems operations, reported in the Sandvik income statement as discontinued operations, to the private equity company CoBe Capital. Sandvik will maintain ownership of ongoing projects that are…
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has entered a share purchase agreement (SPA) to transfer operations within its Jacobs France subsidiary to NOX SARL in France. The transaction value was not disclosed, and was settled in cash at completion.…
WorleyParsons Ltd. (North Sydney, Australia; www.worleyparsons.com) has been awarded an Integrated Project Management Team (IPMT) contract by LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com), one of the world’s largest plastics, chemical and refining companies. LyondellBasell proposes to build a propylene oxide and…
Mitsubishi Chemical Corp. (MCC; Tokyo; www.m-kagaku.co.jp) and Mitsui Zosen Machinery & Service, Inc. (MZM), a subsidiary of Mitsui Engineering & Shipbuilding Co. have agreed to form a business tie-up to produce and sell zeolite membranes. With the goal of entering…
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) received a three-year contract from Saudi International Petrochemical Company (Sipchem) to provide general engineering services at Sipchem’s Jubail Industrial City facilities in Saudi Arabia. Under the terms of the contract, Jacobs is expected…
Johnson Matthey (London; www.matthey.com) has announced that Anna Manz will join the company's board on 17th October 2016, succeeding Den Jones as Group Finance Director. This follows the announcement on 2nd March that Den Jones will step down as Group…
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) announced that Jeff Oravitz, previously chief executive officer of MetoKote, is appointed vice president of PPG coatings services and president of PPG-MetoKote, reporting directly to Viktor Sekmakas, PPG executive vice president. PPG announced July…
Outotec Oyj (Espoo, Finland; www.outotec.com) has been awarded a contract by Bakyrchik Mining, a subsidiary of Polymetal International Plc, for the delivery of process equipment to the gold project Kyzyl in north-eastern Kazakhstan. The parties have agreed not to disclose…
Ineos (Rolle, Switzerland; www.ineos.com) has completed its acquisition of the full shareholding in Inovyn, which brings to an end Solvay’s part interest in the company. Ineos and Solvay formed Inovyn as a 50/50 joint venture in July 2015, with Solvay's…
Arkema's (Colombes, France; www.arkema.com) specialty adhesives business line, Bostik, has developed its cementitious product manufacturing capacities, based on its Polymer Modified Binder (PMB) technology, with the opening of a new plant in Helsingborg, Sweden. As a global adhesive specialist for…