Latest News: Business
Kreisel strengthens its position in southern Germany
On February 15, 2014, Kreisel GmbH & Co. KG (Krauschwitz, Germany; www.kreisel.eu) took over the business of the insolvent Schäffer Verfahrenstechnik GmbH & Co. KG in Thierhaupten near Augsburg. The approximately 30 employees will retain their jobs in the newly…
Evonik opens expanded silica plant in Thailand
Evonik Industries AG (Essen, Germany; www.evonik.com) has opened its expanded production plant for precipitated silica in Rayong, Thailand. With this investment, Evonik increased its capacity for precipitated silica for the automotive industry, food and animal feed industry, as well as…
Air Liquide invests in development for gas packaging, cryogenics
Air Liquide Group (Paris, France; www.airliquide.com) has announced three investments in France, supporting various innovation initiatives. The investments total nearly €100 million. First Air Liquide will extend and modernize its Paris-Saclay research center, near Versailles, which is its main…
U.S. wholesale chemical trade grows; OECD leading indicator steady, ACC says
Wholesale trade in chemicals grew 1.4% in the U.S. in January, to $10.8 billion, while inventories fell 1.3% to $12.6 billion, according to the most recent Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).…
Foster Wheeler awarded FEED contracts by S-OIL for residue-upgrading project
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by S-OIL Corporation for the front-end engineering design (FEED) for a residue upgrading project at S-OIL’s Onsan refinery in Ulsan,…
KBR awarded EPC contracts for Agrium’s nitrogen-operations Facility
KBR (Houston; www.kbr.com) says that Agrium awarded the company two engineering, procurement and construction (EPC) contracts for a new grassroots urea plant and to increase the ammonia capacity for Agrium’s Lone Star Project in Borger, Texas. Upon completion, this world-scale…
Evonik invests in innovative methionine source for shrimp
Evonik Industries AG (Essen, Germany; www.evonik.com) will build the world's first plant for the production of Aquavi Met-Met — a new source of methionine specially developed for shrimp and other crustaceans — in Antwerp, Belgium. Aquavi Met-Met is added to…
Foster Wheeler acquires MDM Engineering for $109 million
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has announced that an indirect wholly owned subsidiary has entered into a merger implementation agreement with MDM Engineering Group Ltd. to acquire all of the ordinary shares and options in issue of MDM Engineering…
Eastman strengthens films unit with acquisition of Commonwealth Laminating & Coating
Eastman Chemical Co. (Kingsport, Tenn.; www.eastman.com) has announced that it has entered into a definitive agreement to acquire Commonwealth Laminating & Coating, Inc. The company, which had 2013 sales revenue of approximately $100 million, is an independent manufacturer and global…
Praxair and Messer collaborate on acquisition and divestiture
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has announced that it has strengthened its position in Italy through the acquisition of Messer Italia S.p.A’s liquid carbon dioxide, oxygen, nitrogen and argon and packaged gases businesses. The businesses will be fully integrated into…