Flowserve Corp. (Dallas, Tex.; www.flowserve.com) announced it has entered into a conditional sale and purchase agreement to sell its Gestra AG business unit to Spirax-Sarco Engineering plc, for an enterprise value of €186 million. In addition to the product’s core…
CB&I (The Woodlands, Tex.; www.cbi.com) announced it has signed a strategic alliance with Jinzhou Port Co., Ltd. (Jingang) to become the master licensor for an integrated refining and petrochemicals project in Jinzhou City, China. The alliance includes the exclusive license,…
Mitsui Chemicals, Inc. (MCI; Tokyo, Japan; www.mitsuichem.com) announced that it established Mitsui Chemicals (Thailand) Co., Ltd. in Bangkok, Thailand on April 3, 2017. With Mitsui Chemicals (Thailand) Co., Ltd. functioning as the Mitsui Chemicals Group distributor in Thailand, Mitsui Chemicals…
Vesa Erolainen (BSc Eng, MBA) has been appointed Metso Corp.’s (Helsinki, Finland; www.metso.com) chief information officer (CIO), reporting to CFO Eeva Sipilä. Erolainen has a long and successful career within information technology, most recently serving as the CIO of Pöyry…
Clariant AG (Muttenz, Switzerland; www.clariant.com) today announces the official opening of a new bleaching earth production site for its Business Unit Functional Minerals in Gresik, near Surabaya (Indonesia). The new production site supplements Clariant's existing manufacturing capacity and expands its…
ABB today announced the acquisition of B&R, the largest independent provider focused on product- and software-based, open-architecture solutions for machine and factory automation worldwide. B&R, founded in 1979 by Erwin Bernecker and Josef Rainer is headquartered in Eggelsberg, Austria, employs…
A joint venture (JV) between Evonik Industries AG (Essen, Germany: www.evonik.com) and Thai company Rajburi Sugar Co. (Bangkok, Thailand) will be the first enterprise to manufacture isomalt in Asia. To this end, the partners have officially opened a demonstration plant…
DuPont (Wilmington, Del.; www.dupont.com) announced that it has entered into a definitive agreement with FMC Corp. (Philadelphia, Pa.; www.fmc.com) to divest a portion of DuPont’s Crop Protection business, including certain research and development capabilities, and to acquire substantially all of…
Eriez Manufacturing Co. (Erie, Pa.; www.eriez.com) has announced that it is jointly operating a pilot plant facility with Rio Tinto Kennecott Copper (RTKC) to increase recovery of base metals using Eriez Recovery Technology. Results indicate significant opportunities for additional recovery…
CB&I (The Woodlands, Tex.; www.cbi.com) announced that it has been awarded a substantial contract for the license, engineering design and catalyst supply for five proprietary technologies to be used in an integrated refining and petrochemical project in China. The complex…