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Strategic Partnerships Pave Way for Simula Growth

Over the past 8 months Simula have signed off on 14 strategic partnerships and technology licenses. These include marketing and development, exclusive supply and technology licensing agreements. These agreements offer...

17 Jan 2003

Praxair Opens R&D Lab

Praxair have just opened their new metals fabrication laboratory in Tonawanda, New York, USA. The new facility will house: Manual, automated and robotic welding systems New technology power supplies Shieldin...

17 Jan 2003

Solar Electricity System Installed At White House

The installation of a 9kV solar electricity system marks the first solar electric installation on White House grounds in its history. The photovoltaic system will be for the benefit of the National Park Service and un...

17 Jan 2003

Reliance Steel Open New Operation in Europe

Reliance Steel and Aluminum Co have expanded operations into Europe and opened a facility on the Aeropole site in Gosselies, Belgium, through their subsidiary AMI Metals Inc. The new facility will allow AMI Metals to...

16 Jan 2003

DuPont Sign Exclusive Zircon Purchasing Rights Contract

DuPont Titanium Technologies have just signed an agreement with Bemax Resources which gives them exclusive purchasing rights to zircon derived from Bemax’s Ginkgo deposit in the Pooncarie Mineral Sands Project in A...

16 Jan 2003

Sumitomo and Shell Look at Building an Ethylene Plant in Singapore

Sumitomo Chemical and Shell Chemicals have just signed a letter of intent to carry out a joint feasibility study with the aim of building a new ethylene plant in Singapore. At the same time, Sumitomo will embark on it...

16 Jan 2003

PolyOne to Reduce Workforce by 5%

PolyOne a global polymer services company announced today that it would be reducing its workforce by about 5% in a effort to reduce costs. The reductions will come primarily from North America and will consist of 400 ...

15 Jan 2003

BASF and Honeywell Enter Into Agreement Involving Engineering Plastics and Nylon Fibres

BASF have entered into a definitive agreement with Honeywell to purchase their worldwide engineering plastics businesses. In a linked agreement, BASF have also agreed to sell their worldwide nylon fibres businesses to Ho...

15 Jan 2003

SP Systems Materials Help Alfa Romeo Win Sydney to Hobart Yacht Race

Just four months after it began its racing career, 90 foot maxi, Alfa Romeo took line honours and recorded the second fastest time ever in the Rolex Sydney to Hobart yacht race which started on Boxing Day 2002. Weather c...

14 Jan 2003

Supreme Court Rejects Auto Manufacturers Asbestos Appeal

The US Supreme court has rejected an appeal from Daimler Chrysler, Ford Motor Company and General Motors to have their pending asbestos claims to be heard in the federal bankruptcy court as opposed to individual state co...

14 Jan 2003

Alcoa to Build Aluminium Smelter in Iceland

Alcoa have just approved plans for the construction of the 322,000 ton, Fjaroaal aluminium smelter in East Iceland. The plants is scheduled to be operational in 2007 and will cost Alcoa approximately $1.1 billion over...

13 Jan 2003

US Steel to Acquire Assets of National Steel

US Steel have signed an agreement with National Steel Corporation to acquire their steel making and finishing assets for $950 million. The purchase price includes nearly $200 million in liabilities and net working capita...

13 Jan 2003

Sale of Solutia's Specialty Chemicals Business to UCB Approved

Governing bodies have given the green light to Belgian company UCB to acquire the specialty chemicals business of Solutia for $500 million. The specialty chemicals business of Solutia incorporates their resins, additives...

10 Jan 2003

Albany Nanotech Lead The Way In Development of Renewable Energy for NY

Following New York Governor, George E Pataki’s pledge to make New York a leader in renewable energy usage, the state has accelerated its efforts to develop clean, renewable energy alternatives. Factors driving t...

10 Jan 2003

Alcoa Announce Plans for Restructure and Divestiture After Q4 Loss

Alcoa recorded a loss for the 4th quarter of 2002. They sited a global manufacturing weakness that has persisted for longer than anticipated as a major contributing factor. Areas that remained soft, suffering from the...

10 Jan 2003