Archives :: Business & Economics :: Plant Watch, Mergers and Business News

Displaying 1 - 20 of 2207 stories.
September 22, 2014
On September 15, Sulzer Ltd. (Winterthur, Switzerland; www.sulzer.com) agreed to acquire Advanced Separation Company B.V. (ASCOM) and ProLabNL B.V., (both Arnhem, the Netherlands). These acquisitions expand the offering of the division Sulzer Chemtech for gas-liquid and liquid-liquid separation technologies and position it as a major player in the market. ASCOM’s portfolio covers gas-liquid...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Sulzer-strengthens-its-position-in-the-oil-and-gas-market_12206.html
September 22, 2014
Merck KGaA (Darmstadt, Germany; www.merckgroup.com) Sigma-Aldrich (St. Louis, Mo.; www.sigma-aldrich.com) have entered into a definitive agreement under which Merck will acquire Sigma-Aldrich for $17.0 billion (€13.1 billion), establishing one of the leading players in the $130 billion global life science industry. Merck will acquire all of the outstanding shares of Sigma-Aldrich for $140 per share in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Merck-KGaA-to-acquire-Sigma-Aldrich-for-$17-billion_12208.html
September 22, 2014
Siemens AG (Munich, Germany; www.siemens.com) executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand (Houston), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens’ bid is unanimously supported by...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Siemens-to-acquire-Dresser-Rand-for-$7-6-billion_12209.html
September 19, 2014
Mitsubishi Hitachi Power Systems (MHPS; Yokohama, Japan; www.mpshq.com) has received an order from ENEA Wytwarzanie S.A., a power producer in Poland, for two sets of selective catalytic reduction (SCR) deNOx system for installation at Units 1 and 2 of the company's Power Station in Kozienice. These high-performance systems reduce emissions of NOx (oxides of nitrogen) by more than 80%. They are scheduled to...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/MHPS-receives-order-for-DeNOx-system-in-Poland_12202.html
September 16, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com) has opened a new office in Manila, the Philippines, as part of the company's expansion in the Asia Pacific (APAC) region. The new office was inaugurated by Stuart Sneyd, president of Outotec's APAC region, in the presence of customers, ministries and industry associations. The Philippines is ranked as the fifth most mineralized country in the world and has...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-opens-office-in-Manila_12188.html
September 16, 2014
Technology, engineering and project management company Neste Jacobs Oy (Porvoo, Finland; www.nestejacobs.com) and Borealis (Vienna, Austria; www.borealisgroup.com) have signed an agreement for Neste Jacobs to deliver the EPCM (engineering, procurement...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Neste-Jacobs-to-implement-Borealis-steam-cracker-upgrade-in-Sweden_12189.html
September 12, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Cobre del Mayo on the delivery of full anode conversion of the Piedras Verdes copper electrowinning plant in Mexico. The delivery will include over 6,000 of the new mixed metal oxide coated titanium anodes. The order value is less than €10 million. Cobre del Mayo's refinery at Piedras Verdes in Sonora, the heart of Mexico's copper...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-delivers-coated-titanium-anodes-to-copper-tankhouse-in-Mexico_12185.html
September 11, 2014
Specialty chemicals group Lanxess AG (Cologne, Germany; www.lanxess.com) is strengthening its production network in China to meet the high level of demand for iron oxide pigments and is adding a mixing and milling plant to the pigment plant already under construction in Ningbo. Lanxess is creating a total of roughly 200 new jobs with these two plants. Potential customers for the iron oxide pigments are the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Lanxess-expands-new-plant-for-inorganic-pigments-in-Ningbo_12177.html
September 11, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) today announced the start-up of a new butadiene extraction plant at its Verbund site in Antwerp, Belgium. The plant has an annual production capacity of 155,000 metric tons (m.t.). The plant in Antwerp is BASF’s second butadiene extraction plant in Europe. BASF already operates a butadiene extraction plant at its Verbund site in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-starts-up-butadiene-extraction-plant-in-Antwerp_12178.html
September 11, 2014
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, says that its Oleflex process technology has been selected to produce key ingredients to help meet the growing demand for fuel and petrochemicals in China. Shandong Shouguang Luqing Petrochemical Co. will use Honeywell’s UOP C4 Oleflex process technology to produce isobutylene, a key ingredient for making high-octane fuel and synthetic...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/UOP-Oleflex-technology-selected-for-isobutylene-unit-in-China_12183.html
September 11, 2014
Samsung Engineering Co. (Seoul, South Korea; www.samsungengineering.com) has received a contract from Pemex, a Mexican state-owned petroleum company, for the Pemex Salamanca ULSD Project. The project will be executed in two phases. Phase I will include detail...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Samsung-Engineering-awarded-Pemex-Salamanca-Refinery-plant-contract_12184.html
September 10, 2014
KBR Inc. (Houston; www.kbr.com) has been awarded a contract by Fertial SpA to provide licensing and basic engineering design services to revamp Fertial’s Annaba and Arzew...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/KBR-wins-contract-for-licensing-design-services-for-two-ammonia-plants-in-Algeria_12176.html
September 9, 2014
WorleyParsons Ltd. (North Sydney, Australia; www.worleyparsons.com) reached an agreement to acquire MTG, Ltd. (Houston; www.mgtl.com). MTG is a management-consulting firm in the oil and gas, petrochemicals...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/WorleyParsons-to-acquire-hydrocarbons-management-consulting-firm_12172.html
September 8, 2014
Effective April 1st, 2014, the TER Plastics Polymer Group (Herne, Germany; www.terhell.de) took over the majority of the Polish Polimarky Performance Polymers in Rogoznica. The new TER Plastics subsidiary was subsequently renamed into Terez Performance Polymers. High performance compounds on the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/TER-Plastics-Polymer-Group-acquires-Polish-high-performance-compounder_12169.html
September 7, 2014
PRPC Refinery and Cracker Sdn. Bhd., a subsidiary under the Petroliam Nasional Berhad (Petronas) group, Malaysia’s national energy company has awarded the consortium of CTCI Corp. (Taiwan; www.ctci.com.ty), Chiyoda Corp. (Yokohama, Japan; www.chiyoda-corp.com) and three Malaysian companies — CCJV P1 Engineering and Construction Sdn. Bhd., Synerlitz (Malaysia) Sdn. Bhd. and MIE Industrial Sdn...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Asian-consortium-awarded-EPCC-contract-for-Petronas-RAPID-project_12168.html
September 6, 2014
The final step in constructing a single organization to lead process automation communications and integration technologies was completed when the members of both the HART Communication Foundation (www.hartcomm.org) and Fieldbus Foundation (both Austin, Tex.; www.fieldbus.org) approved the merger proposed by their respective boards through a voting process that concluded on August 30. This completes a...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/The-formation-of-FieldComm-Group-move-forward_12167.html
September 4, 2014
Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed an agreement to buy the Ryton PPS (polyphenylene sulphide) business from U.S.-based petrochemical company Chevron Phillips Chemical Co. for $220 million, expanding its offering of high-performance polymers and entering a solid growth market. Solvay Specialty Polymers, which has the industry's broadest product portfolio, will gain access to new...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Solvay-expands-its-specialty-polymers-offerings-with-Ryton-PPS-acquisition_12163.html
September 4, 2014
Evonik Industries AG (Essen, Germany; www.evonik.com) has announced an expansion of its specialty silica capacities in Ako, Japan through a holding in DSL Japan Co. (DSL). Evonik holds 51% of...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Evonik-to-expand-its-specialty-silica-capacities-in-Japan_12164.html
September 3, 2014
Following its recent acquisition of the biotechnology company Virdia, Inc. (Redwood City, Calif.; www.virdia.com), Stora Enso Oyj (Helsinki, Finland; www.storaenso.com) is investing €32 million ($43 million) in a demonstration and market development plant to be built at Raceland, Louisiana. The plant will be used for industrial validation of the newly acquired extraction and separation technology...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Stora-Enso-to-build-biomass-to-sugars-demonstration-plant-in-Louisiana_12162.html
September 2, 2014
In collaboration with Mitsubishi Heavy Industries Ltd. (MHI; Tokyo, Japan; www.mhi-global.com), Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com) has been selected for the design of a new ammonia plant for a major fertilizer project in Turkmenistan. The project has been awarded by State Concern Turkmenhimiya, a state-owned chemical company in Turkmenistan and also includes project partners...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Topsøe-to-design-large-scale-fertilizer-plant-with-project-partners-in-Turkmenistan_12157.html
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