Business & Economics
Metso acquires a globe valve technology company in South Korea
Metso Corp. (Helsinki, Finland; www.metso.com) strengthens its offering for customers in oil-and-gas and power industries by acquiring a globe valve technology and service company, Valstone Control Inc. (Valstone; Chungju, South Korea; www.valstone.com). The acquisition enables Metso to expand its offering…
Petronas and BASF move ahead with expansion of partnership in Malaysia
Petronas (Kuala Lumpur, Malaysia; www.petronas.com.my) and BASF SE (Ludwigshafen, Germany; www.basf.com) have taken the next steps in the development of the previously announced €1-billion investment that will expand their partnership in Malaysia, involving projects at their existing venture in Kuantan…
Wacker expands polymer site in China
Wacker Chemie AG (Munich, Germany; www.wacker.com) is expanding its Chinese polymer activities by investing around €40 million in building two new production facilities at its Nanjing site. Wacker is expanding the site’s existing facilities for vinyl acetate-ethylene copolymer (VAE) dispersions…
Freudenberg Filtration Technologies in India acquires Pyramid Filters
Freudenberg Filtration Technologies India Pvt. Ltd (Pune, India) has signed an agreement to acquire the business of Pyramid Filters Pvt. Ltd., with effect from 1st April, 2012. Freudenberg Filtration Technologies India provides high-efficient industrial and automotive filter elements and systems,…
Hamworthy lands breakthrough liquefaction contract for biogas plant
Hamworthy Oil & Gas Systems (Poole, Dorset, U.K.; www.hamworthy.com) has secured its first contract for a biogas liquefaction plant with Norwegian company Cambi AS, a specialist in biowaste treatment. The biogas plant will treat 50,000 tons of food waste a…
SGL Group opens new production facility in India
SGL Group — The Carbon Company (Wiesbaden Germany; www.sglcarbon.com) has further expanded its production in Pune, India, gaining a larger footprint in the Indian growth market. At the new production facility, the manufacture of graphite-based system components (heat exchangers and…
Stamicarbon urea technology licensed to Shahjalal in Bangladesh
Stamicarbon B.V. (Sittard, the Netherlands; www.stamicarbon.com), the licensing and IP Center of Maire Tecnimont S.p.A. (www.mairetecnimont.it), has signed license and process-design and services agreements with China Chengda Engineering Company (CHENGDA) and China National Plant Import & Export Corp. (ComPlant), for…
Show Preview: Interphex 2012 Conference and Exhibition
The Interphex 2012 conference and exhibition, which will bring together a wide range of professionals and companies in the arena of pharmaceutical production equipment and services, takes place May 1–3 at the Jacob Javits Convention Center in New York. The…
Current economic trends
Capital equipment prices, as reflected in the CE Plant Cost Index (CEPCI), decreased 0.34% from November to December. Decreases are typical during the third quarter. Annual CEPCI data will be released in the April 2012 issue, when the December 2011…
Successful commissioning of a polyamide 6.6 plant at Huafon Group in Ruian, China
The engineering company Uhde Inventa-Fischer (Berlin, Germany and Domat/Ems, Switzerland; www.uhde-inventa-fischer.com) has successfully commissioned a plant for the production of polyamide 6.6 for its Chinese customer Huafon Group. The production plant has an annual capacity of 40,000 metric tons and…