Latest News: Business
Kaneka to build manufacturing plant for acrylic fibers in Malaysia
Kaneka Corp. (Osaka, Japan; www.kaneka.com) will establish a new manufacturing facility for acrylic fibers Kanekalon and Kanecaron in the premises of Kaneka (Malaysia) Sdn. Bhd. (Pahang State, Malaysia) with a production capacity of 12,000 metric tons per year (m.t./yr) and…
Tecnimont and Foster Wheeler will collaborate in new partnership focused on North American chemicals sector
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has announced that Foster Wheeler USA Corp., a subsidiary of its Global Engineering and Construction Group, has signed a collaboration agreement with Tecnimont USA Inc., a subsidiary of Maire Tecnimont S.p.A. (Rome, Italy; www.mairetecnimont.it),…
Styron acquires SSBR rights, increases capacity in Germany
Styron Europe GmbH (Horgen, Switzerland; www.styron.com), a global materials company and manufacturer of plastics, latex and rubber, has announced that it will be doubling its Solution Styrene Butadiene Rubber (SSBR) production capacity, after reaching an agreement with material supplier JSR,…
Ashland sells Water Technologies business for $1.8 bilion
Ashland Inc. (Covington, Ky.; www.ashland.com) has announced it has signed a definitive agreement to sell Ashland Water Technologies to a fund managed by Clayton, Dubilier & Rice in a transaction valued at approximately $1.8 billion. The transaction is expected to…
U.S. trade surplus in chemicals expanded in 2013, ACC says
U.S. exports of chemicals grew 0.4% in 2013, while chemical imports declined by 1.0%, expanding the trade surplus in the U.S. chemical industry to $3.4 billion, according to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The value of the…
Ineos expands capacity for ethylidene norborene at Antwerp site
Ineos Technologies’ (Rolle, Switzerland; www.ineos.com) Ineos Oxide has expanded its ethylidene norbornene (ENB) plant at its Antwerp facility, increasing its capacity to 28,000 metric tons per year (m.t./yr), making it the single largest ENB plant in the world, according to…
AMEC acquires Foster Wheeler for $3.3 billion
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has announced that it has entered into a definitive agreement with AMEC plc (London, U.K.; www.amec.com) pursuant to which AMEC will make an offer to acquire all the issued and to be issued share…
NAES enters downstream markets; will support processing industries with new Texas facility
NAES Corp. (Issaquah, Wash.; www.naes.com), a provider of services to the energy industry, announces it has entered the downstream market, providing capital construction and turnaround management and execution services to process plants in the Texas Gulf Coast, including the Houston…
Samsung awarded contract for Kuwait’s Clean Fuels Project refinery
Samsung Engineering Co., Ltd. (Seoul, South Korea; www.samsungengineering.com) has announced that it has received a contract for the $3.8 billion Mina Abdullah I refinery of the Clean Fuels Project (CFP) from Kuwait National Petroleum Company (KNPC). The Mina Abdullah…
Camfil to acquire German environmental specialist Handte
Camfil Air Pollution Control (APC; Jonesboro, Ark.; www.camfilapc.com) announces that its parent, Camfil (Stockholm, Sweden) has signed an agreement to acquire 100% of Handte Umwelttechnik GmbH in Germany and Handte's operations in Switzerland, the Czech Republic and China. The acquisition,…