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Latest News: Business

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…

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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…

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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…

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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…

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GEA to supply insulin-processing equipment for Julphar

GEA Group AG (Bochum, Germany; www.geagroup.com) recently received a €14-million order for insulin processing equipment from Gulf Pharmaceutical Industries Julphar (United Arab Emirates). Julphar’s new plant will make the life-saving drug more widely available to patients in the United Arab Emirates…

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KBR: contract for Araromi Refinery Project

KBR Inc. (Houston; www.kbr.com) has been awarded a contract by FPR Inc. (Houston) to provide Design and Early Engineering Services for the development of the Araromi Refinery Project in the OK Free Trade Zone (OKFTZ) in Nigeria. KBR will execute…

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PEMEX chooses Prime-D technology  

PEMEX Refinación (Mexico; www.ref.pemex.com) has selected Axens Prime-D technology for the production of ultralow sulfur diesel (ULSD) at its Salina Cruz, Minatitlan and Madero refineries. The scope of work will include license, pilot studies, optimization studies, basic and extended basic…

New chairman of BASF’s Board of Executive Directors is named

The Supervisory Board of BASF SE (Ludwigshafen, Germany; www.basf.com) has appointed Dr. Kurt Bock to succeed Dr. Jürgen Hambrecht as chairman of the Board of Executive Directors of BASF. Dr. Martin Brudermüller will become vice chairman of the Board of…

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Solvay and Thinfilm enter commercial agreement

Solvay Solexix (Solvay; Bollate, Italy; www.solvaysolexis.com) will begin to market its newly-developed Solvene polymer for applications in printed electronics with its partner Thin Film Electronics ASA (Thinfilm; Oslo, Norway; www.thinfilm.se) Solvay and Thinfilm started a collaboration, in 2007, in the…

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Aker Solutions: Contract for first Russian ClO2 plant

Aker Solutions (www.akersolutions.com) has signed a contract with Ilim Group to supply an integrated chlorine dioxide plant for Ilim's pulp mill project in Bratsk, Russia. The contract value to Aker Solutions is approximately $18 million. Aker Solutions will supply technology, engineering,…