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Latest News: Business

Siemens and Bentley Systems advance strategic alliance including joint investment initiatives

Siemens AG (Munich, Germany; www.siemens.com) and Bentley Systems (Exton, Pa.; www.bentley.com) announced today that they have formalized a strategic alliance agreement to drive new business value by accelerating digitalization to advance infrastructure project delivery and asset performance in complementary business…

Black & Veatch wins major water project in Western Australia

Black & Veatch (www.bv.com), in a joint venture (JV) with Civmec (BVCJV), will upgrade and expand Western Australia’s largest wastewater treatment plant. The EPC (engineering, procurement and construction) alliance contract with the Water Corporation will see Black & Veatch return…

SNC-Lavalin awarded contract by Norilsk Nickel for a SO2-mitigation project in Russia

   SNC-Lavalin (Montreal; Canada; www.snclavalin.com) has been awarded a contract by Norilsk Nickel to implement a Sulfur Recovery Project at the Nadezhda Smelter, located at the company’s Polar Division in the Krasnoyarsk Region, Russia. This project is one of the…

Technip awarded EPC contract for SOCAR plant

Technip (Paris, France; www.technip.com) has been awarded by the State Oil Co. of the Azerbaijan Republic (SOCAR; www.socar.az) a contract for Engineering Procurement and Construction (EPC) services for the SOCAR Azerikimya plant, located in the city of Sumgait, Azerbaijan. The…

Yokogawa acquires energy-management technology provider SVM

Yokogawa Electric Corp. (Tokyo; www.yokogawa.com) announces that it has completed the acquisition of Soteica Visual Mesa (SVM), a leading energy-management technology provider, further delivering on a number of key objectives of Yokogawa's Transformation 2017 mid-term business plan. This announcement marks…

BASF increases capacity of its global plastic additives production network

Within the next five years, BASF SE (Ludwigshafen, Germany ; www.basf.com) plans to invest globally more than €200 million in its plastic additives business, approximately half of which in Asia, focusing on capacity expansions and operational excellence. Plastic additives improve…

Air Products appoints Samir J. Serhan executive vice president

Air Products (Lehigh Valley, Pa.; www.airproducts.com) has appointed Dr. Samir J. Serhan executive vice president, leading the company’s Technology, Engineering and Manufacturing functions, excluding HyCO (hydrogen and carbon monoxide). He also will have profit and loss responsibility for the Liquefied…

Dresser-Rand business to supply compressor train for air separation plant in China

The Dresser-Rand business (www.dresser-rand.com), a part of the Siemens Power and Gas Division (www.siemens.com), received an order from Air Liquide Global E&C Solutions Hangzhou Co. for an innovative compressor train to be used in an air separation plant in China.…

Wacker expands pyrogenic-silica production capacity at Burghausen

Wacker Chemie AG (Munich, Germany; www.wacker.com) is increasing its production capacities for HDK pyrogenic silica. To this end, Wacker is expanding a hydrophobic silica specialties plant at its site in Burghausen, Germany. The plant’s capacity will rise by 40% as…

Saudi Aramco acquires Converge polyol technology from Novomer

Saudi Aramco (Dhahran; www.saudiaramco.com) has acquired the Converge product line and associated operations and technologies from U.S.-based Novomer Inc. (Waltham, Mass.; www.novomer.com). The transaction was valued at up to $100 million. Converge is manufactured from and contains a significant portion…