Neste Corp. (Espoo, Finland; www.neste.com) and Clariant (Muttenz, Switzerland; www.clariant.com) have signed an agreement for a new partnership to join forces in developing and making new sustainable material solutions accessible to a variety of industries. In the first phase of…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced it will build, own and operate two air separation units (ASUs) to provide oxygen and nitrogen to Eastman’s facility in Kingsport, Tennessee under new longterm agreements. The ASUs are targeted to be onstream…
TechnipFMC (Houston; www.technipfmc.com) has signed a major Engineering, Procurement, and Construction (EPC) contract with Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt. This EPC contract covers the debottlenecking of existing units…
Arkema (Colombes, France; www.arkema.com) is expanding in engineering adhesives with the announcement of the acquisition of Afinitica, a Spanish company specializing in instant adhesives, also known as cyanoacrylates. This small targeted acquisition will enable Arkema’s Bostik brand to develop a…
Lonza Group (Basel, Switzerland; www.lonza.com) and Platinum Equity jointly announced that Platinum Equity has entered into a definitive agreement with Lonza to acquire Lonza's Water Care business and operations for $630 million. The inclusion of the French business in this…
Nippon Shokubai Co. (Osaka, Japan; www.shokubai.co.jp) announces that its Indonesian subsidiary, PT. Nippon Shokubai Indonesia, (NSI), plans to expand its acrylic acid (AA) production. Nippon Shokubai, at its board meeting held on 29th October, 2018, resolved to give approval to…
McDermott International, Inc. (Houston; www.mcdermott.com) announced that it has completed a comprehensive strategic review of its portfolio as part of the integration process resulting from its combination with CB&I earlier this year, reaffirming its commitment to McDermott's core capabilities as…
Endress+Hauser AG (Reinach, Switzerland; www.endress.com) has invested more than €10.4 million in a new, state-of-the-art production facility at its location in Nesselwang, Germany. The 4,800-square-meter building contains new production and office space, in addition to technology and common rooms. With…
Siemens AG (Munich, Germany; www.siemens.com) and Chromalloy Gas Turbine Corporation celebrated the grand opening of their new joint venture, Advanced Airfoil Components, in Hillsborough County, Florida. This partnership represents a capital investment of $139 million and will add 350 jobs…
Umicore N.V. (Brussels, Belgium; www.umicore.com) and automobile manufacturer Audi have successfully completed phase one of their strategic research cooperation for battery recycling. The two partners are developing a closed-loop process for components of high-voltage batteries that can be used again…