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Latest News: Business

Jacobs wins contract with Biogen

  Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) was awarded a contract to provide engineering, procurement and construction management (EPCM) services for Biogen’s new manufacturing facility in Luterbach, Switzerland. Under the terms of the agreement, Jacobs is providing EPCM services…

Altor to divest Piab to EQT

  Last month, Altor Fund II (Altor; www.altor.com) signed an agreement to divest Piab AB (Täby, Sweden; www.piab.com) to EQT Fund VII (EQT). Altor acquired Piab together with Peter and Jacob Tell from several other members of the Tell family…

Albemarle finalizes sale of its metal sulfides business

Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) announced the successful completion of the previously announced sale of its Tribotecc metal sulfides business to Treibacher Industrie AG.  The transaction included sites in Vienna and Arnoldstein, Austria and Tribotecc's proprietary sulfide synthesis process.…

Praxair to merge southeastern U.S. distribution subsidiaries

Praxair Distribution, Inc. (PDI), a subsidiary of Praxair, Inc. (Danbury, Conn.; www.praxair.com), announced its two joint venture (JV) companies operating in the southeastern U.S. have merged. Financial terms of the transaction were not disclosed. The transaction involves merging Praxair Distribution…

Saint-Gobain acquires specialty-tubing company in Brazil

Saint-Gobain (Courbevoie, France ; www.saint-gobain.com) has acquired Brazilian company SG Plasticos, a leading player in specialty extruded tubing in Brazil, based in the state of São Paulo. The company provides differentiated and customized solutions related to fluid transfers in demanding…

Dyadic closes sale of Industrial Technology business to DuPont

Dyadic International, Inc. (Jupiter, Fla.; www.dyadic.com) announced the closing of the previously announced sale of substantially all of the assets of its Industrial Technology business to DuPont’s Industrial Biosciences business for $75 million in cash. As previously announced, following the…

Global and U.S. CPRI rise in November, ACC report says

The Global Chemical Production Regional Index (Global CPRI) rose by 0.4% in November on a three-month-moving-average (3MMA) basis, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Meanwhile, the ACC’s final…

Evonik constructing new specialty copolyesters plant in Germany

Evonik Industries (Essen, Germany; www.evonik.com) is building a new production plant for specialty copolyesters at its Witten site in Germany. As binders for paints, specialty copolyesters are used in coil coatings and, increasingly, in food can coatings. The company is…

Showa Denko expands production capacity for high-purity ammonia in Taiwan

Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) has expanded its capacity to supply high-purity ammonia, which is widely used in production processes for electronic materials, by stepping up the production capacity of a plant owned by its manufacturing subsidiary in…

Hazardous-waste incinerator under construction in U.S.

Clean Harbors (Norwell, Mass.; www.cleanharbors.com) and CDM Smith (Boston, Mass.; www.cdmsmith.com) are constructing a new thermal treatment plant at Clean Harbors’ existing facility in El Dorado, Arkansas—the first new commercial incinerator of its kind built in the United States in…