Latest News: Business
Air Liquide makes $170 million investment in SK hynix semiconductor fab in Indiana
As part of a long-term contract, Air Liquide S.A. (Paris) will build, own and operate two new production units in Indiana to deliver ultra-pure gases to the first U.S. semiconductor fab of SK hynix, a South Korean global leader in…
Yara to acquire Gulf Coast Ammonia facility in Texas
Yara International ASA (Oslo, Norway) announced that its U.S. subsidiary, Yara North America, Inc., has reached an agreement to acquire Gulf Coast Ammonia’s (GCA) ammonia production facility in Texas City, Texas from GCA Holdings LLC, affiliated with Lotus Infrastructure Partners and…
Axens to acquire Air Liquide’s methanol-to-olefins technology portfolio
Axens (Rueil-Malmaison, France) announced that it has signed an agreement with Air Liquide S.A. (Paris) to acquire its Methanol-to-Olefins (MTO) technology portfolio, including the Lurgi Methanol-to-Propylene™ technology. This addition expands Axens’ SAF portfolio through Axens’ Jetanol® process chain, offering its…
Covestro acquires Vencorex chemical plants in Thailand and Texas
Covestro AG (Leverkusen, Germany) completed the acquisition of two former Vencorex production sites for hexamethylene diisocyanate (HDI). derivatives in Rayong, Thailand, and Freeport, Texas, USA. With the acquisition, Covestro expands its production footprint for HDI derivatives and reaffirms its commitment…
Messer completes strategic acquisitions in Malaysia and Singapore
Messer Group GmbH (Bad Soden, Germany) announced the completion of the acquisition of 100% of the shares in WKS Group (Singapore and Malaysia), in Wipco (Malaysia) and the signing of an agreement to acquire 100% of the shares in Kobewel…
Lonza to expand HPAPI manufacturing capacity at Visp site
Lonza AG (Basel, Switzerland) announced plans to enhance its drug-linker center of excellence and expand payload-linker manufacturing capacity at its Visp site. The expansion will establish new commercial-scale capabilities for the manufacture of highly complex and highly potent active pharmaceutical…
Schneider Electric to acquire AI firm Cognite for $3.1 billion
Schneider Electric SE (Paris) announced that it has entered into a definitive agreement to acquire 100% of Cognite Holding (Tempe, Ariz.), a leading provider of industrial data and AI software, in an all cash transaction valued at $3.1 billion. Industrial…
INEOS Enterprises completes sale of INEOS Calabrian to Ecovyst
INEOS Enterprises announced the completion of the sale of INEOS Calabrian, its ultra-pure sulfur dioxide and derivatives business, to Ecovyst Inc. (Malvern, Pa.). The transaction, valued at $190 million, marks the successful conclusion of a strategic divestment first announced in…
Endress+Hauser opens two new facilities in the U.S.
The Endress+Hauser Group (Reinach, Switzerland) opened two new facilities in the United States in June 2026. With these locations in Greenwood, Indiana, and Edgmont, Pennsylvania, the company is further expanding its presence in the country and strengthening its collaboration with…
Novel forward osmosis–membrane distillation system deployed for pharma ingredients production
Japanese pharmaceutical contract development and manufacturing organization (CDMO) Peptistar has integrated Asahi Kasei Corp.'s novel forward osmosis–membrane distillation (FO–MD) system into its facility for trial production of active pharmaceutical ingredients (APIs). Asahi Kasei announced in 2018 the development of a…