AkzoNobel N.V. (Amsterdam, the Netherlands; www.akzonobel.com) has opened a new Performance Coatings production facility in Chonburi, Thailand. With an investment of €31 million, AkzoNobel expands its footprint with this ninth production site in the South East Asia region. The new…
Spirax-Sarco Engineering plc (Cheltenham, U.K.; www.spiraxsarcoengineering.com) signed an agreement to acquire Chromalox, Inc. (Pittsburgh, Pa.; www.chromalox.com) from Irving Place Capital for a cash-free, debt-free consideration of $415 million (£319 million). Chromalox is a well-established provider of electrical products, systems and…
Covestro AG (Leverkusen, Germany; www.covestro.com) CEO Patrick Thomas has confirmed to the company's Supervisory Board that he will complete his contract as expected on September 30, 2018. Per the Supervisory Board’s succession decision, Patrick Thomas shall be followed as CEO…
ABB (Zurich, Switzerland; www.abb.com) officially inaugurated its new $90-million state-of-the-art Canadian headquarters and Customer Innovation Center, which will serve 700 employees who were previously spread across six locations in Greater Montreal. Campus Montreal houses research and development, manufacturing, assembly and…
Airgas (Radnor, Pa.; www.airgas.com) announced the grand opening of its new air separation unit (ASU) and co-located hydrogen plant in Calvert City, Kentucky with a ribbon cutting ceremony and guided tours of the facility. The new ASU produces liquid oxygen,…
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) has reached a definitive agreement to sell its remaining fiberglass operations to Nippon Electric Glass Co. (NEG), a leading manufacturer of fiberglass. The transaction is expected to close in the second half of 2017,…
Cabot Corp. (Boston, Mass.; www.cabot-corp.com) has committed to build a new world-class fumed silica plant in Carrollton, Kentucky. The plant will be adjacent to the existing Dow Corning silicone monomer plant in Carrollton and is an extension of Cabot’s long-term relationship…
Honeywell UOP (Des Plaines, Ill.; www.uop.com) signed a partnership agreement with China’s Wison Engineering Ltd. (Shanghai, China: www.wison.com) to jointly provide methanol-to-olefin (MTO) technologies and engineering, procurement and construction (EPC) services to customers outside of China. Honeywell UOP’s Advanced MTO…
Altair (Troy, Mich.; www.altair.com) has acquired MODELiiS, a supplier of electronic-design automation (EDA) software for circuit modeling, system design and simulation tools based in Grenoble, France. Capitalizing on strong expertise in digital and analog domains, their solutions are geared towards…
Borealis AG (Vienna, Austria; www.borealisgroup.com) plans to build a dedicated automotive polypropylene (PP) compounding plant in Taylorsville, North Carolina. North Carolina was selected for its strategic location and proximity to the company's customer base, as well as for the business-friendly…