Latest News: Business
Evonik forms joint venture with Secar for lightweight composites
Evonik Industries AG (Essen, Germany; www.evonik.com) and Secar Technologie GmbH (Hönigsberg, Austria) have established the LiteCon Advanced Composite Products joint venture on September 4. The aim of the newly established enterprise is to mass-produce fiber-reinforced composite components for the automotive…
Praxair India expands growth with small on-site plants
Praxair India Private Limited, a subsidiary of Praxair, Inc. (Danbury, Conn.; www.praxair.com) has signed two long-term contracts with JSW Steel, to operate small on-site nitrogen plants in support of the company’s expansion efforts in the cities of Kalameshwar and Tarapur,…
Foster Wheeler awarded EPCm contract for compression project in Mozambique
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) contract by Sasol Petroleum International (SPI) for the low pressure compression project…
Toyo lands EPC contract for oil-sands SAGD facilities in Canada
Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp), through its Canadian subsidiary Toyo Engineering Canada Ltd., has signed a contract to provide engineering, procurement and construction (EPC) service to Japan Canada Oil Sands Ltd. (Jacos), a subsidiary of Japan Petroleum Exploration…
Jacobs Engineering enters into merger agreement with Sinclair Knight Merz
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has announced that it entered into a merger implementation agreement with Sinclair Knight Merz (SKM), a 6,500-person professional services firm headquartered in Australia, for approximately $1.2 billion. The purchase price reflects an enterprise…
Eriez acquires coolant filtration company Centriforce
Eriez Manufacturing Co. (Erie, Pa.; www.eriez.com) has announced the acquisition of U.K. based Centriforce Limited, a provider of advanced coolant filtration systems to the European metalworking industry. The Centriforce product portfolio will be integrated into Eriez’ HydroFlowline of fluid recycling…
Shale gas investments top $84 billion in U.S., ACC says
As of the end of August, the global chemical industry had invested a total of $84.4 billion in 126 projects connected to the increased availability of shale gas in the U.S., according to a database of industry project announcements maintained…
Cabot and Risun open new carbon black plant in China
Cabot Corporation (Boston, Mass.; www.cabot-corp.com) and joint venture partner Risun Group announced the completion and commissioning of their new carbon black manufacturing facility in Xingtai, Hebei Province, China. Cabot and Risun invested approximately $140 million in the new facility, with…
Teijin Frontier to establish new company in Myanmar
Teijin Frontier Co. (www2.teijin-frontier.com) — the Teijin Group's (Tokyo, Japan; www.teijin.com) fiber-products converting company — announced today that it will establish Teijin Frontier Myanmar Co., Ltd. in Yangon, Myanmar, on October 1 to strengthen Teijin Frontier’s overseas operations and also…
Outotec-Hatch to deliver a technology license for a potential alumina refinery in the UAE
Outotec Oyj (Espoo, Finland; www.outotec.com) and Hatch Ltd. (Mississauga, Ont., Canada; www.hatch.ca), as an unincorporated joint venture, have been awarded a contract by Mubadala and Dubai Aluminium (DUBAL) for the provision of a technology license as well as the basic…