Emerson (St. Louis, Mo.; www.emerson.com) announced it has agreed on terms to acquire Aventics from Triton for a cash purchase price of €527 million. Aventics is among the global leaders in smart pneumatics technologies that power machine and factory automation…
Yokogawa Electric Corp. (Tokyo, Japan; www.yokogawa.com) has announced the launch of amnimo Inc., a business unit that will be tasked with identifying, developing, and offering services that can add value by leveraging the industrial IoT (IIoT) architecture currently under development…
Arkema (Colombes, France; www.arkema.com) has announced that its Bostik-Nitta joint-venture has proposed an acquisition of the industrial adhesives business of Nitta-Gelatin Inc., as well as the construction of a new world-scale adhesives plant in Japan. These operations will enable Bostik…
WorleyParsons Ltd. (North Sydney, Australia; www.worleyparsons.com) has been awarded a General Engineering Service (GES) contract by The Yanbu Aramco Sinopec Refining Co. (YASREF) to help optimize the production of its facilities. YASREF, a joint venture between Saudi Aramco and China…
Ingevity Corp. (North Charleston, S.C.; www.ingevity.com) announced that it will expand its carbon activation capacity at its Covington, Virginia, facility to meet growing global demand for pelletized carbon products primarily for use in gasoline vapor emission control systems in cars,…
Axalta Coating Systems (Philadelphia, Pa.; www.axaltacs.com) has increased its manufacturing capability for its global industrial business by investing in the 56,000 square foot Northern Stacks complex in Fridley, Minnesota. Axalta will use the facility for research and development, focused application…
Equinor ASA (Stavanger, Norway; www.equinor.com), the new name of Statoil ASA, was approved at the annual general meeting on May 15, 2018, and the new name has now been registered in the Norwegian register of business enterprises (Foretaksregisteret). The company's…
ExxonMobil Catalysts and Licensing LLC and BASF (Ludwigshafen, Germany; www.basf.com) have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining. Under this new agreement, BASF will…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced that it has inaugurated its new world-scale industrial gas complex within the Integrated Refinery Expansion Project (IREP) of the BPCL Kochi Refinery located in Kochi, India. Air Products has invested several hundred million…
Royal DSM (Heerlen, the Netherlands; www.dsm.com) announced plans to increase its production capacity for Dyneema products. Strong demand for both Dyneema UD (composite unidirectional laminate) and Dyneema fiber is prompting this increase. The company is investing to install additional new…