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Latest News: Business

Jacobs Engineering announces new president and CEO

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) announced that Steven J. Demetriou has been named president and chief executive officer (CEO). Demetriou will also be elected to the Board. Demetriou brings over 30 years of global business leadership experience to…

ThyssenKrupp Industrial Solutions lands contract for an in-pit crushing and conveying system in Russia

  ThyssenKrupp Industrial Solutions AG (Dortmund, Germany; www.thyssenkrupp-industrial-solutions.com), the plant engineering and construction specialist of the ThyssenKrupp Group, has received a contract from Apatit, a subsidiary of the leading Russian fertilizer producer PhosAgro, to supply a complete in-pit crushing and…

Platform Specialty Products to acquire specialty chemicals supplier Alent

Platform Specialty Products Corp. (West Palm Beach, Fla.; www.platformspecialtyproducts.com) and Alent plc (Woking, U.K.; www.alent.com) announced the terms of a recommended offer by Platform to acquire all of the issued and outstanding shares of Alent in a cash and stock…

OECD CLI shows gains in 16 of 33 major countries, ACC report says

The Organization for Economic Cooperation and Development (OECD; Paris; www.oecd.org) recently released its composite leading indicator (CLI) for May, and it shows that 16 of the 33 major nations experienced a gain in their CLI, according to the latest Weekly…

Solvay inaugurates large-scale alkoxylation plant in Singapore

Solvay S.A. (Brussels, Belgium; www.solvay.com) inaugurated its new large-scale alkoxylation plant in Singapore, the largest plant of its kind in Asia, as part of its global strategy to expand the growth of its specialty surfactants in the region. The nearly…

Asahi Kasei to expand production of styrenic thermoplastic elastomer

Asahi Kasei Chemicals Corp. (Tokyo, Japan; www.asahi-kasei.co.jp) will increase annual production capacity for hydrogenated styrenic thermoplastic elastomer (SEBS) by 30% at its Kawasaki Works site in Kanagawa, Japan, with startup scheduled for June 2016. The expansion of performance polymer operations…

Sibur announces gas-fractionation capacity increase at Tobolsk site

The investment committee of Sibur (Moscow; www.sibur.com) has approved the expansion of a facility that processes raw natural-gas liquids (raw NGL) at the Tobolsk production site. This expansion project is expected to increase the site's capacity from 6.6 million metric…

CB&I awarded contract for new ethylbenzene/styrene plant in Egypt

CB&I (The Woodlands, Tex.; www.cbi.com) announced it has been awarded a contract by Carbon Holdings for the license and basic engineering design of an ethylbenzene/styrene plant to be built in Ain Sokhna, Egypt. The units will be a part of…

Praxair acquires packaged gas distributors in California and Texas

Praxair, Inc. (Danbury, Conn.; www.praxair.com) announced that it has acquired two independent distributors of industrial and specialty packaged gases and related supplies – Cryospec, Inc. (Cryospec) in San Francisco, Calif., and Garland Welding Supplies, Inc. (GWS) in Garland, Tex., with…

Asahi Kasei to construct production facility for cellulose nonwoven fibers

Asahi Kasei Fibers Corp. (Osaka, Japan; www.asahi-kasei.co.jp/fibers/en/) will construct a new production facility for Bemliese cellulose nonwoven fabric in Nobeoka, Miyazaki, Japan at the site of the company’s former polyester plant. The new plant’s production capacity is approximately 1,500 metric…