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Latest News: Business

ABB to acquire GE Industrial Solutions

ABB (Zurich, Switzerland; www.abb.com) announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has customers in more than 100 countries and an established installed base with strong roots in North America, ABB’s biggest market.…

Wärtsilä to generate power for expanded Pakistani cement plant

The technology group Wärtsilä Corp. (Helsinki, Finland; www.wartsila.com) is to supply the generating equipment to provide the electrical power for an extension to a major Pakistani cement manufacturing facility. Cherat Cement Ltd. has contracted Wärtsilä to supply three Wärtsilä 34DF…

Bühler breaks ground on new Innovation Campus

Bühler Ltd. (Uzwil, Switzerland; www.buhlergroup.com) celebrated the ground breaking for its Innovation Campus in Uzwil, Switzerland. Completion of the building is expected for the first quarter of 2019. This significant investment of over CHF 50 million (about $52 million) spent…

BASF further expands production capacity at specialty amines complex in Nanjing

BASF SE (Ludwigshafen, Germany; www.basf.com) will build a new specialty amines plant at its existing wholly owned site in Nanjing Chemical Industry Park in China. The new multi-product plant can manufacture 21,000 metric tons per year (m.t./yr) and further extends…

Sumitomo to establish sulfuric-acid terminal business in California

Sumitomo Corp. (Tokyo; www.sumitomocorp.co.jp) has agreed on a land lease agreement with the Port of Stockton, California on the U..S. West Coast via Sulphuric Acid Trading Company, Inc. of Tampa, Florida, a U.S. business company of Sumitomo Corporation’s wholly-owned subsidiary…

Endress+Hauser acquires German moisture-measurement specialist

The Endress+Hauser Group (Reinach, Switzerland; www.endress.com) is further enhancing its quality measurement portfolio through the acquisition of IMKO Micromodultechnik GmbH, a manufacturer of innovative moisture measurement systems. IMKO’s headquarters will remain in Ettlingen, Germany; all the company’s employees have been…

Dow starts up world-scale ethylene production facility and Elite PE unit in Texas

DowDuPont Materials Science (www.dow-dupont.com), the business division of DowDuPont (Midland, Mich.; www.dow.com) to be named Dow, announced the startup of its new integrated world-scale ethylene production facility and its new Elite enhanced polyethylene (PE) production facility, both in Freeport, Texas.…

Kuraray to acquire Calgon Carbon for $1.1 billion

Calgon Carbon Corp. (Pittsburgh, Pa.; www.calgoncarbon.com) and Kuraray Co., Ltd. (Tokyo, Japan; www.kuraray.com) announced that their respective Boards of Directors have unanimously approved, and the parties have entered into, a definitive merger agreement under which Kuraray will acquire Calgon Carbon…

LyondellBasell starts up PP compounding plant in Dalian

LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) announced the successful startup of a new 20,000 metric tons per year (m.t./yr) polypropylene (PP) compounding plant in Dalian, China. This is the company's third facility in China, strategically located to serve the region's growing…

AkzoNobel conducting studies related to construction of new cellulosic ethers plant

AkzoNobel’s (Amsterdam, the Netherlands; www.akzonobel.com) Specialty Chemicals business is studying plans to build a world-class plant for its Bermocoll business, which supplies essential ingredients for the paint and buildings and construction industries. The study – expected to be completed by the…