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Industry News

  • Researchers Create Chemical Reagents from Pine Terpenes

    Scientists at Rice University have developed efficient aminating and hydroxylating chemical reagents made with terpene compounds derived from pine trees, the Houston-based institution of higher learning announced Monday, potentially offering an eco-friendly, biorenewable and cost-effective reagent...

  • Edwards Lifesciences Purchasing Valtech Cardio for $340M

    Critical care monitoring and structural heart disease innovations provider Edwards Lifesciences Corp. announced Monday that it has entered an agreement to acquire Israeli firm Valtech Cardio for $340 million in stock and cash. “As we continue to pursue multiple therapies to address the...

  • Explosion Proof Equipment Market to Hit $8.2B by 2022

    The global market for explosion proof equipment is expected to reach a value of $8.2 billion by 2022, a new report by Allied Market Research forecasts, with the explosion prevention equipment segment leading revenue through the period. Researchers predict that the market will grow at a compound...

  • Moving Industry 4.0 from Concept to Implementation and Value

    Industry 4.0 is a frequently used term at conventions and in industry research, but for North American manufacturing firms the concept is often not fully implemented into operations. There are signs this may be changing, according to German industrial control and automation company Festo Corp. In...

  • Matcon Appoints New Finance Director

    Israr Ghulam has joined Matcon as its finance director. Ghulam succeeds Stephen Ball who, as previously announced, was appointed to the position of managing director at Matcon in January 2016. Ghulam will manage his duties alongside his other position as finance and site director of Gast...

  • New Staff Member at K-State Bulk Solids Innovation Center

    Kansas State’s Bulk Solids Innovation Center announced Wednesday that Amit Gautam has been brought on as a postdoctoral fellow to research bulk solids storage and handling. Most recently working as a chemical engineer with industrial wastewater purification equipment maker AquaReUse, Gautam...

  • Tyson Foods Brings On Tom Hayes as New CEO

    Tyson Foods announced Monday that its chief executive officer Donnie Smith was stepping down and named its president, Tom Hayes, as his successor. The event coincided with the company’s release of a poor profit forecast for 2017 that dropped shares Multiple national news organizations...

  • Smithfield to Buy Hormel’s Farmer John, Saag’s Brands

    Smithfield Foods Inc. is in the process of purchasing Clougherty Packing LLC, a subsidiary of Hormel Foods Corporation that produces and processes pork products, for $145 million in cash, the companies announced Monday in separate press releases. Included in the transaction are the Farmer John and...

  • Pfizer Opening $200M Biotheraputics R&D Site in Missouri

    Biopharmaceutical company Pfizer is planning to build a research and development site in Chesterfield, MO, consolidating the company’s two existing sites in the St. Louis-area into a unified operation, multiple news organizations reported Tuesday. A spokesperson for the company told the St....

  • BASF Selling Inorganic Specialties Business to Edgewater

    BASF has agreed to sell its Inorganic Specialties business to Cleveland, OH-based private equity firm Edgewater Capital Partners LP for an undisclosed sum, the German chemical company announced Nov. 18. Included in the transaction are BASF’s Evans City, PA production site and the specialty...