Latest News: Business
Pump users recognition program introduced by ITT Goulds Pumps
ITT Goulds Pumps (Seneca Falls, N.Y.; www.gouldspumps.com) today announced that nominations are open for a new recognition program to honor individuals who do an exceptional job of specifying, operating and maintaining industrial pumps. The Pulse of Industry Honor Roll is…
Dover’s Pump Solutions Group acquires Maag Group
Pump Solutions Group (PSG), a business unit within the Engineered Systems segment of Dover Corp. (Downer’s Grove, Ill.; www.DoverCorporation.com), has completed the acquisition of Maag Group (Maag; Zurich, Switzerland; www.maag.com) for a purchase price of approximately $285 million, subject to normal…
Lanxess makes third U.S. acquisition in six months
Rhein Chemie (Mannheim, Germany; www.rheinchemie.com), a wholly owned subsidiary of Lanxess (Leverkusen, Germany; www.lanxess.com), has acquired Tire Curing Bladders LLC (TCB; Little Rock, Arkansas), a leading manufacturer of bladders for the tire industry. TCB is a privately owned company that…
BASF licenses lithium iron phosphate technology
BASF (Ludwigshafen, Germany; www.basf.com), through its global battery materials business unit, today announced that it has signed a long-term licensing agreement to acquire global rights for the production and sale of lithium iron phosphate (LFP) battery materials technology from LiFePO4+C…
David Weidman receives the 2012 Chemical Industry Medal
David Weidman, chairman and CEO of Celanese Corp. (Dallas, Tex.; www.celanese.com), was honored at a dinner event in New York’s Waldorf Astoria Hotel last night. Stephanie Burns, chairman of the Society of Chemical Industry (SCI), America International Group, presented the…
Linde to supply air gases to Chinese chemicals producer
The Linde Group (Munich, Germany; www.linde.com) has been selected to supply air gases to chemicals producer Dahua Group on Songmu Island in Dalian, Northeast China. Linde will be investing around €70 million in the project. An agreement outlining the terms…
Air Products wins long-term supply contract for Xinlianxin in China
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has signed a long-term contract with Henan Xinlianxin Fertilizer (Xinlianxin) and will build, own and operate an air separation unit (ASU) and integrated gas liquefier in Henan Province, China. The ASU will produce approximately…
Technip awarded an engineering contract for Petronas’ Rapid project in Malaysia
Technip (Paris, France; www.technip.com) has been awarded a front-end engineering design (FEED) contract by Petronas for its proposed Refinery and Petrochemical Integrated Development (Rapid) project located in the state of Johor, Malaysia. Rapid aims at building a world-scale integrated refinery…
Jacobs wins contract for Vale’s new acid plant in Canada
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has received a contract from Vale Canada Ltd. (Vale) to design and supply a new sulfuric acid plant for its Sudbury smelter in Ontario, Canada. The acid plant contract, with an estimated value…
Outotec to acquire all shares in Numcore, an innovator of 3D-imaging measurement technology
Outotec Oyj (Espoo, Finland; www.outotec.com) strengthens its process control technologies by acquiring all shares in Numcore Ltd. (Kuopio, Finland; www.numcore.fi) — a start-up company developing and marketing innovative online process control solutions based on 3D imaging. With a strong focus…