Nanotechnology company NanoInk Inc has secured US$3 million in first round financing from Venture capital firms Galway Partners LLC and Lurie Investment Fund LLC.
NanoInk offer technology that allows clients to easily...
Leading bearing manufacturers NSK and Timken Company are to form a joint venture and set up a manufacturing operation near Shanghai in China. Construction of the plant will commence later this year, with production due t...
NKK Steels’ subsidiary NK Kankyo Corp has recently opened its PET bottle recycling facility in Kawasaki, Japan.. The plant was installed at a cost of approximately 140,000,000 Yen.
The plant has a capacity of pr...
Degussa’s plan to divest themselves of any non-core business is progressing well with a memorandum of understanding having been signed by Swiss Ameropa Holding AG and Agrofert Holding a.s. to purchase Degussa&rsquo...
The acquisition of Dal-Tile International by Mohawk Industries is now complete. The merger of the two companies was approved back in November 0f 2001. Soon after, Dal-Tile also acquired Olean Tile Company, the second lar...
The sale of the assets of bankrupt Resource Recovery Industries Inc (RRI) to Zemex Corp has been approved by the United States Bankruptcy court. This follows RRI filing for chapter 11 bankruptcy staus on January 7, 2002....
Swiss based Glencore International has agreed to buy the bankrupt Vanalco aluminium smelter in Vancouver for US$24.25 million, although no plans have been announced for the plant as yet. However, it has been speculated t...
After losing over $1 billion on palladium, Ford is planning to sell some of its stockpile of the precious metal.
Palladium is used in catalytic converters for automobiles and is also alloyed with other metals and used...
Difficult economic times and the events of September 11, have lead to Special Metals Corp. filing for voluntary Chapter 11 reorganisation under the US Bankruptcy Code. This covers the company and all of its subsidiaries....
LG Philips Displays today announced that it would close its colour display tube factory in Lebring, Austria.
The closure has been brought about by a global downturn in the economy and a general decline in the IT indu...
Capital expenditure approval has just been granted by the board at Hungarian petrochemical producer, Tiszai Vegyi Kombinat (TVK) for a series of petrochemical development projects, with projects to start immediately.
...
It was announced today that Nissho Iwai would acquire the petroleum and carbon products as well the coal and iron ore branches of Nichimen Corporation.
The acquisitions are part of a medium term strategy for growth fo...
The purchase of bankrupt LTV Steel has been approved, with WL Ross and Co LLC to acquire the flat rolled products plants at Cleveland, East Chicago and Hennepin as well as a coke plant in Ohio.
The business will be ca...
American Superconductor today announced plans for a complete reorganisation of their business. The exercise will involve restructuring, consolidation and cost cutting.
These activities will shift their focus from rese...
Bayer have recently released Bayblend FR 3030, a flame retardant copolymer blend of polycarbonate and acrylonitrile butadiene (PC/ABS). This new product sets new standards in fire protection in fields such as electrical ...
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