Nova Chemicals Corp., Canada's largest plastics producer, said Monday that it has agreed to be acquired by International Petroleum Investment Co. for $6 per share, or about $499.2 million.
A subsidiary of French oil giant Total and a former factory director went on trial Monday for an explosion at a chemical plant eight years ago that killed 30 people and injured thousands.
Hydraulic systems play a critical role in press operation, enabling the transfer and concentration of enormous force to press metal into desirable shapes in very hostile environments. However, conventional hydraulic systems can be highly inefficient, and lack the precise control necessary to achieve the highest levels of quality and productivity.
Survey results would indicate that this segment has not been hit as hard as others by current economic conditions.
Although this segment has been hit hard in recent years due to natural disasters in the Gulf of Mexico and a lack of interest in building more refineries, it is still surprising to see that investments in this sector could take a pretty dramatic step backwards in 2009.
As could be expected with a general grouping like this, which includes a wider range of facilities with varying production focuses, responses show some interesting ranges.
Although this encompasses a range of facilities with varying plants, respondents seem to be unified in taking a less severe, yet cautious attitude when looking ahead to 2009 purchases.
While the processing marketplace is not immune to cutbacks, the pharmaceuticals segment offers more promise than most.
The most significant issues for this sector seem to stem from fewer capital equipment purchases being made over one year ago, and as a result, maintenance costs have increased, thereby impacting operational efficiency.
As could be expected with the changes in its business climate, this segment will not be among the most dynamic when it comes to purchasing in 2009.
While at a slower pace than last year, survey respondents show that a strong interest in purchasing new equipment and implementing new technology still persists.
Blackmer , a Pump Solutions Group (PSGâ„¢) company, recently promoted Tom Madden to the position of managing director.
By Amanda McGowan, Associate Editor, Chem.Info Alongside the road near the We Energies coal-fired power plant in Oak Creek, WI, a sign reads: "We have worked 'X' hours without a lost time accident."
MECO introduces its custom-engineered shaft seals for dry bulk process equipment.