According to the American Chemistry Council, the U.S. Chemical Production Regional Index (U.S. CPRI) slipped 0.3 percent in August, following an upwardly revised 0.2 percent gain in July. During July, chemical production was lower in all seven regions for the second consecutive month.
General Electric says it plans to lay off up to 200 salaried employees at its Schenectady-based Power & Water Division by the end of this year. Local media reports that GE officials say it is eliminating the white-collar positions to remain competitive.
Attala Steel Industries is unveiling a new, $5 million galvanizing facility that will allow the company to coat steel, in addition to the steel processing it already does at the Kosciusko facility. The company has 34 employees and plans to hire 11 more.
A new analysis by global consulting firm A.T. Kearney finds that the large number of deals which occurred in the global chemical sector between 2006 and 2008 are now driving a wave of debt repayments that could impact the global structure of the marketplace.
U.S. factory activity expanded last month at the fastest pace in 2-½ years, an encouraging sign that manufacturing could lift economic growth and hiring in the coming months. The Institute for Supply Management saw its manufacturing index rise to 56.2 in September, the highest since April 2011.
The automotive supplier Hyundai Dymos is set to open a new plant in West Point to supply Kia Motors Manufacturing Georgia. The plant is expected to be finished by July, with normal production set to begin in November 2014 and will create 350 jobs.
Research and Markets recently unveiled summaries of two reports - one on polyethylene (PE) products, end-uses and technologies and another on thermosets resins which detail the size of the markets, future trends and additional data focused on material choices and end-user trends for plastics processors.
Linde LLC, a wholly owned subsidiary of Linde North America, Inc., has broken ground for construction of a new industrial gases liquefier in La Porte, Texas. The plant will produce liquid oxygen, nitrogen and argon at the recently announced air separation unit (ASU) Linde is building at the site.
Tokyo Electric Power Co. has requested that safety inspections be carried out to allow for restarting two nuclear reactors, despite concerns over how it has handled the catastrophe at the Fukushima plant. All of Japan's 50 nuclear reactors are offline while regulators consider restarts under revised safety rules.
A former high-ranking official with the Environmental Protection Agency is pleading guilty to stealing nearly $900,000 from the agency over 13 years. Under the plea deal with prosecutors, he faces 30 to 37 months in prison and has agreed to pay restitution of $886,000 and to forfeit an additional $507,000.
A Russian court jailed a photographer and a Greenpeace activist who were part of the 30-member Greenpeace team protesting near an oil platform in the Arctic last week. The Coast Guard disrupted an attempt by Greenpeace activists on September 18 to scale the Russian Arctic platform.
Alcoa, Inc. is pushing back against claims by North Carolina officials in a years-long fight over control of the water and electricity coming from the state's second-largest river system. Alcoa said in court filings it should be given the water quality certification it needs for a new federal operating license for the next 50 years.
A tissue maker in Anderson, South Carolina is working on an expansion that is expected to add at least 200 jobs. First Quality Enterprises is clearing land at its plant for a third tissue-making machine. The company already employs about 500 people.
Financing for a $1.1 billion steel mill planned for northeast Arkansas expects to be wrapped up by the end of the year, but until then backers will be lining up customers and suppliers. The Big River Steel plant, which is projected to employ more than 500 people, recently was approved for an air quality permit.
The U.S. Department of Commerce has awarded an $857,000 grant to the George County Board of Supervisors to make roadway and water improvements to accommodate the construction of a wood pellet plant near Lucedale, Mississippi.
Surging waters in Colorado swept away barns, silos and fences and left houses covered in mud. The flood waters were so powerful they uprooted irrigation pipes and spread them around the fields, leaving lakes next to which cattle now graze. They also brought instant relief to drought-hardened areas, with the promise of moisture restored in deep soils and the possibility of reservoirs refilling to help farmers well into next year.
The state of Alaska wants ConocoPhillips to re-open its mothballed Kenai Peninsula liquefied natural gas plant as an incentive for petroleum companies to explore and invest in Cook Inlet. In a letter to the company, officials requested that the company apply for a three-year federal LNG export license for the plant at Nikiski.
Nucor Corp. says it expects to begin production within the next few weeks at a reduced iron plant that is the first of several phases in a planned $3.4 billion steel complex that will employ 1,250 people and produce millions of tons of steel each year.
The administrator of BP's settlement with Gulf Coast residents and businesses has asked a federal judge to reject BP's bid to slash his office's budget by at least $25.5 million. BP attorneys complained in a court filing last week that the agency's operating expense request is excessive and shouldn't be approved.
Judge Charles Nail on Monday announced he is allowing Northern Beef Packers' idled South Dakota beef packing plant to employ Lincoln International, an investment banking firm, to pursue a "stalking horse" bid for the bankrupt business.
Southern Co. would face limits on the profits it would make from building two nuclear reactors in Georgia under a plan from a Republican state lawmaker. As construction costs have mounted in Mississippi, Southern Co. shareholders have absorbed nearly $1 billion in pre-tax losses.
Callon Petroleum Company announced Tuesday that it has appointed Jerry Weant to the newly created position of Vice President of Land. Weant joins Callon from Pioneer Natural Resources where he was focused on Midland Basin operations.
A federal judge said Thursday he will rule promptly on whether natural gas royalty claims by southwest Virginia landowners will move forward as a series of class-action lawsuits. He says he was frustrated by how long the claims have been tied up in court.
BP has urged a federal judge to reject a $111 million budget request by the court-supervised administrator of the company's multibillion-dollar settlement with Gulf Coast businesses and residents following its 2010 Gulf oil spill.
A Dubai-based company plans to build a new factory in Buffalo that will employ about 170 workers producing steel pipes for the oil and natural gas industry. Local media outlets report that Alita USA Holdings plans to build its $102 million factory in South Buffalo.