Ferro Corp. (Mayfield Heights, Ohio; www.ferro.com) has completed the acquisition of Pinturas Benicarló, S.L. Ferro has acquired 100% of the equity of privately held Benicarló, Spain-based Pinturas for €15.0 million in cash, on a cash-free and debt-free basis, subject to…
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) and Siluria Technologies (San Francisco, Calif.; www.siluria.com) have entered into a joint collaboration agreement (JCA). Under the terms of the JCA, Maire Tecnimont and Siluria agreed to combine their respective technologies and expertise to…
The Lubrizol Corp. (Wickliffe, Ohio; www.lubrizol.com) has announced that Eric R. Schnur, currently executive vice president and chief operating officer, has been named president, effective immediately, and will become chairman and chief executive officer on January 2, 2017. James L.…
Amec Foster Wheeler (London, U.K.; www.amecfw.com) announced the award of a contract for the engineering and material supply of a steam reformer heater for hydrogen production for the JSC Orsknefteorgsintez refinery at Orsk, Russia. The heater will be based on…
Umicore N.V. (Brussels, Belgium; www.umicore.com) has reached an agreement to sell its Zinc Chemicals business unit to OpenGate Capital, a U.S.-based private equity firm with a focus on developing a broad portfolio of high-quality industrial activities. The transaction places an…
The Hungarian subsidiary of Messer Group (Bad Soden, Germany; www.messergroup.com) has finalized the purchase of Air Liquide Hungary Ipari Gáztermelő Kft. with the approval of the competition authority. Messer Hungarogáz Kft. will thus take over some 50 employees, as well…
Hexcel Corp. (Stamford, Conn.; www.hexcel.com) has made a strategic investment in Oxford Performance Materials (OPM). OPM produces thermoplastic, carbon-fiber-reinforced 3D printed parts for commercial aerospace and space and defense applications. Hexcel Chairman, CEO and President Nick Stanage said, “Aerospace adoption…
SABIC (Riyadh, Saudi Arabia; www.sabic.com) has signed a Project Development Agreement (PDA) with Shenhua Ningxia Coal Industry Group Co. (SNCG), a subsidiary of Shenhua Group Corp., effective May 30, 2016. The PDA relates to the two parties’ potential joint development…
Lukoil (Moscow; www.lukoil.com) has fully commissioned the Oil Deep Conversion Complex in Volgograd as part of a vacuum gasoil (VGO) hydrocracking facility at the company’s wholly owned oil refinery OOO Lukoil-Volgogradneftepererabotka. The capacity of the site, said to be Russia’s…
Technip (Paris, France; www.technip.com) and FMC Technologies, Inc. (Houston; www.fmctechnologies.com) announced that the companies will combine to create a global company, which will be called TechnipFMC, with an equity value of $13 billion based on pre-announcement share prices. The companies…