Siemens AG (Munich, Germany; www.siemens.com) and Gamesa Corporación Tecnológica (Zamudio, Spain; www.gamesacorp.com) have signed binding agreements to merge Siemens' wind power business, including wind services, with Gamesa to create a leading global wind power player. Siemens will receive newly issued…
BASF SE (Ludwigshafen, Germany; www.basf.com) has signed an agreement to acquire Albemarle’s global surface treatment business, Chemetall (Frankfurt, Germany). The purchase price is $3.2 billion. The transaction is subject to approval by the relevant authorities and is expected to close…
Haldor Topsoe A/S (Lyngby, Denmark; www.topsoe.com) officially opened an advanced automotive-catalysts plant in Tianjin Economic-Technological Development Area (TEDA) — a 600 million renminbi investment (more than $90 million). The plant produces advanced catalysts that clean the exhaust from heavy-duty diesel…
BASF SE (Ludwigshafen, Germany; www.basf.com) broke ground on a new, world-scale automotive coatings plant, at the company’s existing site at the Shanghai Chemical Industry Park in Caojing, Shanghai, China. The new plant represents an investment of around €140 million, and…
Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) will expand its production capacity for the SCMG line of carbon-based anode materials used in lithium-ion rechargeable batteries (LIBs). SCMG material has advantages of low resistance and long life, and demonstrates high performance…
PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) today held a ceremony marking the completion of a new $10 million coatings center of excellence at its existing complex in Tianjin, China. The new facility will serve regional customers in the automotive plastics…
Intergraph Corp.’s (Huntsville, Ala.; www.intergraph.com) Process, Power & Marine (PP&M) business, part of Hexagon, announced an agreement to acquire Nestix Oy of Oulu, Finland, a leading software supplier of data-centric production-management solutions that allow connections to pipe-, plate-, profile-cutting and…
Evonik (Essen, Germany; www.evonik.com) will begin preparations for reopening its specialty polyesters production plant located in Mobile, Ala. The revitalization of the plant is scheduled to be completed in 2018 and will have an annual production capacity of several thousand…
KBR, Inc. (Houston; www.kbr.com) has been awarded a Bankable Feasibility Study (BFS) contract by ECOWAS Refinery Liberia Limited (ERLL) for development of a 100,000-bbl/d petroleum refinery located in Buchanan, Liberia. Under the terms of the contract, KBR will provide a…
The Chemours Co. (Wilmington, Del.; www.chemours.com) has signed a definitive agreement to sell the assets which comprise its Sulfur Products business, part of its Chemical Solutions segment, to Veolia North America for $325 million in cash. The company anticipates closing…