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Latest News: Business

Endress+Hauser announces changes to executive board

The Endress+Hauser Group (Reinach, Switzerland; www.endress.com) is making personnel changes to its Executive Board. Gerhard Jost, a member of the Executive Board, retired at the end of 2015. Manfred Jagiella has joined the Group’s top management panel. On June 1,…

Hoerbiger acquires Newson Gale

  Effective January 4, 2016 Hoerbiger Group (Zug, Switzerland; www.hoerbiger.com) acquired Newson Gale (Nottingham, U.K.; www.newson-gale.com). The privately owned business, of which the majority of shares has been held by the founder Ernest Kochmann and his family while a minority…

CB&I awarded contract for polypropylene unit in Heibei, China

CB&I (The Woodlands, Tex.; www.cbi.com) announced that it has been awarded a contract by Hebei Haiwei Group for the license and basic engineering design of a polypropylene unit to be built in Jingxian, Hebei Province, China. The unit will use…

BP to sell Alabama petrochemicals complex to Indorama

BP plc (London; www.bp.com) has agreed to sell its petrochemical complex in Decatur, Ala., to Indorama Ventures Public Co., as part of a previously announced effort to refocus its global petrochemicals business for improved profitability and long-term growth. The divestment…

Air Liquide enters Colombian industrial-gas market with construction of new plant

Air Liquide (Paris, France; www.airliquide.com) will build and operate a new facility consisting of a carbon dioxide production unit and a cogeneration unit. This investment of around €40 million marks Air Liquide’s entry into the Colombian industrial gas market. The new facility…

Jacobs wins contract with Biogen

  Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) was awarded a contract to provide engineering, procurement and construction management (EPCM) services for Biogen’s new manufacturing facility in Luterbach, Switzerland. Under the terms of the agreement, Jacobs is providing EPCM services…

Altor to divest Piab to EQT

  Last month, Altor Fund II (Altor; www.altor.com) signed an agreement to divest Piab AB (Täby, Sweden; www.piab.com) to EQT Fund VII (EQT). Altor acquired Piab together with Peter and Jacob Tell from several other members of the Tell family…

Albemarle finalizes sale of its metal sulfides business

Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) announced the successful completion of the previously announced sale of its Tribotecc metal sulfides business to Treibacher Industrie AG.  The transaction included sites in Vienna and Arnoldstein, Austria and Tribotecc's proprietary sulfide synthesis process.…

Praxair to merge southeastern U.S. distribution subsidiaries

Praxair Distribution, Inc. (PDI), a subsidiary of Praxair, Inc. (Danbury, Conn.; www.praxair.com), announced its two joint venture (JV) companies operating in the southeastern U.S. have merged. Financial terms of the transaction were not disclosed. The transaction involves merging Praxair Distribution…

Saint-Gobain acquires specialty-tubing company in Brazil

Saint-Gobain (Courbevoie, France ; www.saint-gobain.com) has acquired Brazilian company SG Plasticos, a leading player in specialty extruded tubing in Brazil, based in the state of São Paulo. The company provides differentiated and customized solutions related to fluid transfers in demanding…