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Industry News

  • Seed Co Invests $3M in Kenyan Drying, Processing Plants

    One of Africa’s largest providers of agricultural seeds, Seed Co, is investing $3 million in new seed drying and processing facilities in Kenya to expand its position in the East African market, NewsDay Zimbabwe reported Wednesday. The output of the combined facilities, when operational,...

  • Lucid Motors to Open $700M Electric Car Plant in Arizona

    Electric vehicle company Lucid Motors is planning to construct a $700 million factory in Casa Grande, AZ that will produce electric vehicles for the consumer market, Arizona Governor Doug Ducey and the automaker announced in a joint press release Tuesday. The Menlo Park, CA-based EV startup said...

  • Global Food Safety Testing Tech Market to Top $8B by 2021

    The worldwide market for food safety testing technology is expected to grow at a compound annual growth rate (CAGR) of 7.8% to reach a value of $8.04 billion in 2021, fueled by rising rates of food borne illnesses and growing consumer awareness of food safety issues, according to a recent report by...

  • $6.7M in Agroecosystems Research Grants Awarded by USDA

    18 grants amounting to over $6.7 million were awarded by the U.S. Department of Agriculture (USDA) Tuesday to researchers examining how various elements of agroecosystems impact and play a role in food production, the USDA’s National Institute of Food and Agriculture (NIFA) announced....

  • CEMEX Selling U.S. Reinforced Concrete Pipe Unit for $500M

    Global building materials company CEMEX is selling its U.S. reinforced concrete pipe manufacturing business to Quikrete Holdings Inc. for $500 million and an additional $40 million dependent upon future performance, the Monterrey, Mexico-based company announced Monday. The divestment by one of...

  • Patheon Acquires Roche API Manufacturing Site in S.C.

    Pharmaceutical manufacturing and development company Patheon announced Monday that it has signed an agreement with Roche Holdings Ltd. to acquire an active pharmaceutical ingredients (API) manufacturing site in Florence, SC. “As the only end-to-end provider of pharma development and...

  • Saudi Aramco Chemicals Output to Hit 34M Metric Tons by 2030

    Saudi Arabian government-owned petroleum and natural gas company Saudi Aramco plans to expand its production of chemicals by nearly threefold from 12 million mt per year to 34 million mt by 2030, the company’s business line head, Abdulaziz Judaimi, said in a keynote speech Monday at the 11th...

  • Cargill to Open World’s Largest Gas Fermentation Facility

    Cargill Inc., Calysta Inc., and several other third-party institutions announced plans Tuesday to build the world’s largest gas fermentation facility in Memphis, TN to produce Calysta’s FeedKind protein ingredient for animal feed. “With a proven and proprietary fermentation...

  • Magnet Applications Advances 3D Printed Magnets

    Magnet Applications Inc. (MAI), a North American manufacturer of compression bonded magnets and a leading manufacturer of injection molded magnets, hybrid magnets, and magnetic assemblies, announces a breakthrough in 3D printed neodymium iron boron (NdFeB) magnets. Working together with...

  • U.S. Specialty Chemicals Markets Stable for Fourth Quarter

    The Specialty Chemicals Market Volume Index, a tool created by the American Chemistry Council (ACC), showed that U.S. specialty chemicals market volumes were essentially flat in October. This follows a revised 0.2 percent gain in September and 0.3 percent gain in August. All changes in the...