Fluor Corp. (Irving, Tex.) announced an updated organizational and reporting structure that better aligns its business with identified growth markets and company strategy. Beginning in the first quarter of 2021, Fluor will conduct its operations in three business segments: Energy…
Sulzer AG (Winterthur, Switzerland; www.sulzer.com) has signed a binding agreement to acquire Nordic Water for a purchase price of SEK 1.2 billion (around $144 million). Nordic Water is a leading provider of screening, sedimentation and filtration solutions for municipal and…
PPG (Pittsburgh, Pa.) announced that it has reached a definitive agreement to acquire Wörwag, a global manufacturer of coatings for industrial and automotive applications. The transaction is expected to close in the first half of 2021, subject to customary closing…
Wood plc (Aberdeen, Scotland) has secured a contract valued at over $120 million with Sinopec Hainan Refining and Chemical Limited Company (Sinopec) to provide engineering, procurement and construction (EPC) services to expand its refinery development in the Hainan Free Trade…
Black & Veatch (B&V; Overland Park, Kan.) has announced the launch of a dedicated environmental business unit to support objectives to meet environmental objectives from regulators, shareholders and consumers. As a newly chartered, dedicated Black & Veatch business unit, the…
Celanese Corp. (Dallas, Tex.), a global chemical and specialty materials company, announced its intent to build a world-scale, multi-phase Liquid Crystal Polymer (LCP) polymerization plant in China to support the significant growth in its high-value Vectra and Zenite LCP product…
The VersaFlex Family of Companies (VersaFlex; Kansas City) announced it has reached a definitive agreement to be acquired by PPG (Pittsburgh, Pa.) VersaFlex is a manufacturer specializing in polyurea, epoxy, polyurethanes, custom plural component equipment, and geotechnical & insulation foams.…
Air Liquide (Paris) and Hefei Institutes of Physical Science of the Chinese Academy of Science (HFIPS) signed an agreement in Hefei to establish a joint venture (JV). This aims to boost the development and manufacturing of helium refrigeration systems, supporting…
Henkel Adhesive Technologies has strengthened its capabilities for maintenance, repair and overhaul (MRO) solutions by investing in Feelit, based in Haifa, Israel. The startup has developed a unique sensor technology for predictive maintenance for various applications in manufacturing. With the…
ITM Power plc (London), Ørsted A/S (Fredericia, Denmark), Siemens Gamesa (Zamudio, Spain) and Element Energy have been awarded €5 million in funding from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU) under the European Commission to demonstrate and investigate a…