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Latest News: Business

Total acquires industrial battery manufacturer Saft

Total S.A. (Paris; www.total.com) and Saft, a designer and manufacturer of advanced industrial batteries, announced that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in…

Anguil Environmental announces formation of new water-treatment division

Air-pollution-control company Anguil Environmental Systems, (Milwaukee, Wis.; www.anguil.com) is announcing the creation of a new water-treatment division named Anguil Aqua Systems.  The new initiative will leverage Anguil’s extensive engineering experience and process knowledge.  Anguil has spent the past three years…

Wholesale trade in chemicals expanded in March, ACC says

Wholesale trade in chemicals expanded 0.7% to $10.02 billion in March, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). “At the same time, inventories fell back 2.4% in March and,…

Asahi Glass to expand production capacity for vinyl chloride monomer in Indonesia

Asahi Glass Co., Ltd. (AGC; Tokyo; www.agc.com) has decided to further increase the production capacity of vinyl chloride monomer (VCM) at P.T. Asahimas Chemical (ASC), one of its consolidated subsidiaries in Indonesia. ASC has recently completed a facility enhancement, which…

Oxea names Salim Al Huthaili as new CEO

Oxea GmbH (Oberhausen, Germany; www.oxea-chemicals.com), one of the world's leading manufacturers of Oxo chemicals, announced today the appointment of Dr. Salim Al Huthaili as the new chief executive officer of the company. With the decision of the Board of Oxea…

Reorganization of thyssenkrupp Industrial Solutions

The Industrial Solutions business area, the engineering and construction arm of the thyssenkrupp Group (Essen, Germany; www.thyssenkrupp.com), is being reorganized as part of the transformation program “planets”. The aim is to secure growth, enhance performance, focus more strongly on customers,…

Honeywell to spin off Resins and Chemicals business

Honeywell (Morristown, N.J.; www.honeywell.com) announced its intention to spin off its Resins and Chemicals business into a standalone, publicly traded company named AdvanSix Inc. Honeywell will file a Form 10 relating to the transaction with the Securities and Exchange Commission…

GreenMantra starts production of waxes based on recycled-plastic feedstocks

GreenMantra Technologies (Brantford, Ontario, Canada; www.greenmantra.ca), a rapidly growing producer of high-value waxes and specialty chemicals from recycled plastic feedstocks, announced that it has completed construction of a new manufacturing plant, significantly expanding its capacity and the availability of its…

Emerson launches Project Certainty

Addressing a growing industry demand for transformational improvements in capital project execution, Emerson Process Management (www.emersonprocess.com) has launched Project Certainty, an innovative technology and engineering-based approach for improved capital efficiency and more reliable project schedules. Due to project excesses, billions…

Jacobs wins contract with Mitsubishi

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) was awarded a contract to provide engineering services for the expansion of Mitsubishi’s polyester film plant in Greenville County, South Carolina. Mitsubishi Polyester Film is the American subsidiary of Japan-based Mitsubishi Plastics, Inc.…