In President Bush’s state of the nation address on Tuesday night, he announced the establishment of the FreedomFUEL initiative, designed to reduce America’s dependence on foreign oil.
He has pledged $1.2 b...
Australian Magnesium Corp have signed a memorandum of understanding to work with Johnson Controls, one of the world largest leading suppliers of automotive systems.
Under the terms of the agreement the pair will work ...
Collins Aikman have just purchased Textron Systems 50% share in their Italian joint venture for $15 million.
The joint venture was set up to manufacture interior and exterior automotive trim components.
The purchas...
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...
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...
Kobe Steel plans to take an equity stake in the US secondary steel processor, Grand Blanc Processing LLC.
They are making this move to position themselves such that they will be able to strengthen their ability to su...
Stuart Energy Systems and Hamilton Sundstrand Space Systems International have unveiled a jointly developed prototype hydrogen fueling system. The prototype was shown to at the Electric Transportation Industry Conference...
Solutia have signed a definitive agreement with UCB S.A. to sell their resins, additives and adhesives businesses for US$500 million. To this end, UCB have made an upfront payment of US$10 million for a short period of e...
On January 1 2003, the fluoropolymers activities of Solvay will be merged with those of Ausimont. The merged activities will for a new company, Solvay Solexis.
The acquisition has cost Solvay 1.3 billion Euros and was...
Lloyd Instruments has announced its acquisition of DN Testing Systems from Plint and Partners Ltd. DN Testing is a specialist in servo hydraulic testing.
Under the terms of the agreement, DN Testing equipment will be ...
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