Tennessee Governor Bill Haslam, U.S. Senator Lamar Alexander, Congressman John Duncan and other local and state officials joined Alcoa Chairman and CEO Klaus Kleinfeld today to break ground on a $275 million expansion of Alcoa’s Tennessee Operations to meet growing aluminum demand for auto production. Aluminum, already the number two material used to build cars, is expected to nearly double by 2025.
Huntsman Corporation announced today that it has completed the acquisition of the business of Oxid L.P., a manufacturer and marketer of specialty urethane polyols in Houston, Texas, for an amount of up to $75 million. Oxid generated $86 million of revenue in 2012.
Flextronics, a leading global supply chain solutions company, and RIWISA AG, a privately held and family-owned, leading provider of high volume, high precision, injection molding and automation solutions based in Switzerland, announced that they have entered into a definitive agreement whereby Flextronics will acquire RIWISA.
The Helsinki ceramics factory has a key role as a center of ceramics expertise and the development of ceramic products in Fiskars Group. It is now planned that operations at the factory will focus on flat products – plates and saucers – as well as manufacturing small ceramic series. Forming through jiggering and hand-made decorating would be contracted to manufacturing partners.
Integral Technologies, Inc., an emerging leader in hybrid conductive plastics, and wholly owned subsidiary ElectriPlast Corp, announced today the signing of a Letter of Intent (“LOI”) with chemical leader BASF Corporation to jointly explore the North American market for ElectriPlast’s patented line of conductive thermoplastics.
According to a new market report published by Transparency Market Research "Metrology Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018," the global metrology services market is expected to reach USD 720.3 million by 2018, growing at a CAGR of 8.2% from 2012 to 2018.
Minerals Technologies Inc. announced today it has entered into a joint venture agreement with Nanning Jindaxing Paper Industry Co. Ltd. for the construction of a 45,000-metric ton satellite precipitated calcium carbonate (PCC) plant at Jindaxing Paper's papermaking facility in Guangxi Province, China.
Rexnord announced today that it has acquired the assets of Micro Precision Gear Technology Limited (“Micro-Precision”), a UK-based manufacturer of specialty precision gears for the aerospace industry. Micro-Precision has 85 employees and annual sales of approximately $14 million (USD).
Toshiba Corporation today held a groundbreaking ceremony in readiness for the start of construction of Phase 2 of Fab 5, the company’s state-of-the-art fabrication facility (fab) at its Yokkaichi Operations memory production facility in Mie Prefecture.
American Technical Ceramics Corp. has been honored to receive a 2012 Gold Level Performance Excellence Award from The Boeing Company for achieving superior supplier performance.
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