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Latest News: Business

ABB plans major expansion in India

ABB (www.abb.com) plans to rapidly develop its Indian operations by investing $100 million over three years to expand business, engineering and R&D capacities, build new factories and broaden its automation and power product range in India. The company also plans…

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Grundfos Group acquires Peerless Pump Co.

Effective December 1 2007, the Grundfos Group (www.grundfos.com; Denmark) has acquired Peerless Pump Co. Peerless is a U.S.-based manufacturer of pumps and fire protection systems with facilities in Indianapolis, Ind. and five other North American locations. The collection of more…

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Lonza inaugurates Shawinigan Facility  

Yesterday, Lonza AG (Basel, Switzerland; www.lonza.com) formally launched its newly acquired plant in Shawinigan, Canada. The facility is dedicated to the production of Pro-KTM — a new addition to Lonza's nutrition portfolio. The plant recently passed its ISO-9001-2000 and FAMI-QS…

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SGL Group strengthens carbon-fiber activities in the U.S.

Yesterday, SGL Group (www.sglcarbon.com) — The Carbon Company — signed definitive agreements to acquire Aldila Inc.’s interest in Carbon Fiber Technology LLC (CFT; Evanston, Wyoming), a joint venture (JV) between SGL and Aldila. Since 1999, SGL Group and Aldila —…

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LP OxoSM Technology Licensed to PetroChina Sichuan Petrochemical Co.

PetroChina Sichuan Petrochemical Co., Ltd.  (PetroChina) has chosen LP Oxo SM SELECTORSM 10 Technology for its new facility in  Chengdu, capital city of Southwest China’s Sichuan Province.  LP  Oxo Technology is cooperatively offered by Dow Technology Licensing, a business unit…

Süd-Chemie to expand catalyst production

Süd-Chemie Zeolites GmbH, a subsidiary of Süd-Chemie AG (Munich, Germany; www.sud-chemie.com) has begun to expand its production plant for new specialty zeolites, and also construct a new wastewater processing plant, at its Bitterfeld site in Germany. The investment amounts to…

Bayer launches group-wide climate program

Bayer (www.bayer.com) has launched an integrated, group-wide "Bayer Climate Program," with which it plans to further reduce CO2 emissions from its production facilities while developing new solutions for increasing climate protection and dealing with climate change. In the climate protection…

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First hydrogen refueling station opens in Shanghai    

The Chinese government today officially opened the first hydrogen service station in Shanghai. The Shanghai Anting Hydrogen Refuelling Station was built by The Linde Group (www.linde.com), Tongji University (Shanghai, China) and Shell Hydrogen (www.shell.com/hydrogen). The station is part of the…

Outotec to deliver flotation technology      

Outotec Oyj (www.outotec.com) has been awarded a contract by Boliden for the supply of a complete flotation circuit for Aitik mine's copper ore project in Sweden. Earlier this year Boliden has ordered engineering services from Outotec for the same project.…

India Expands Clean-fuels Programs  

Axens (Rueil-Malmaison, France; www.axens.net) has recently been awarded several major basic engineering design packages and technology licenses for new, clean-fuels programs with Indian Oil Corp. Ltd. (IndianOil; www.iocl.com). The contracts are for the following refineries: Guwahati, Barauni, Mathura, Digboi, Panipat,…