Mobile Navigation

Latest News: Business

Member Exclusive

Albemarle builds kilo laboratory in Europe

Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) announced today it is building a stat-of-the-art kilo laboratory in Louvain la Neuve, Belgium. The facility will give Albemarle’s European customer base convenient access to local product development capabilities to better serve their needs.…

Member Exclusive

Technip wins contracts for refinery units in India

Technip (Paris, France; www.technip.com) has been awarded three lump-sum turnkey contracts for Mangalore Refinery & Petrochemicals Ltd. (MRPL), worth a total value of approximately €25 million, for the Phase III Expansion Project of its refinery located in Mangalore, west coast…

Member Exclusive

Wacker acquires Si production site  in Norway

Wacker Chemie AG (Munich, Germany; www.wacker.com) is acquiring the Norwegian FESIL Group’s silicon-metal production site in Holla (near Trondheim). The two companies signed a purchase agreement to this effect on Friday night, June 4, 2010. The transaction still requires approval of…

Member Exclusive

Altana acquires polyurethane casting-resins business

The specialty chemicals Group Altana (Wesel. Germany; www.altana.com) has acquired with immediate effect the polyurethane casting resins business of ABB Micafil, a business unit of ABB Schweiz. The business is operated under the brand names of Micares and Resodip. Polyurethane…

Member Exclusive

Evonik acquires Ravindra Heraeus catalyst business

Evonik Industries AG (Essen, Germany; www.evonik.com) has acquired the precious metal powder catalysts business of Ravindra Heraeus Pvt. Ltd. (Udaipur, Rajasthan, India) on June 3, 2010. As stipulated in the agreement, all know-how, technology, and business relationships with catalyst customers…

GE and Ramky enter into agreements for industrial water treatment

GE (Fairfield, Conn.; www.ge.com) and Ramky Enviro Engineers, an environment and waste management organization, have signed emergency water and industrial-wastewater treatment agreements specifically designed to address India’s industrial-wastewater treatment and recycling needs. Under the agreement, GE’s ultra filtration (UF) and…

Employment disappointing, but manufacturing continues upswing, ACC report says

U.S. employment data out this week were disappointing, because 95% of all net job creation was due to temporary government census workers, the American Chemistry Council (ACC; Arlington, Va.; www.americanchemistry.com) says in its latest Weekly Chemistry and and Economic trends…

Member Exclusive

Alstom acquires coating services company

Alstom Power Inc. (www.power.alstom.com) acquired the business and facilities of Amstar Surface Technology Ltd. and Amstar International Ltd. (Houston, www.amstar-usa.com). Amstar specializes in thermal spray coatings that protect surfaces against corrosion, erosion and wear. The company had sales of approximately $11…

Member Exclusive

Foster Wheeler: Grassroots refinery in Iraq

Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced today that its Global Engineering and Construction Group has been awarded a feasibility study and front-end engineering design (FEED) contract by the Iraqi Ministry of Oil for a new grassroots refinery at Nassiriya…

Member Exclusive

ABB acquires K-TEK

ABB (Houston; www.abb.com) has agreed to acquire company K-TEK Corp. (Prairieville, La.; www.ktekcorp.com), which will join the Measurement Products business unit within ABB’s Process Automation division. The transaction is subject to customary regulatory approvals. Terms were not disclosed. ABB expects the…