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Industry News

  • Schenck Process Sold to Private Equity Firm Blackstone

    European private equity firm IK Investment Partners announced Thursday that it signed an agreement with the private equity funds managed by Blackstone to sell measurement and process technology provider Schenck Process. “Schenck is an innovative and unrivalled leader, and we see considerable...

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  • General Mills Returns to Artificial Flavors and Colors in Trix

    After many critics blasted General Mills for shifting the formula of Trix cereal to all-natural colors and flavors, the Minneapolis-based food company will again offer the classic version of Trix that uses artificial colors and flavors. While seemingly at odds with the food and beverage industry...

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  • Conveyor Orders Up in First Six Months of 2017

    New data released by the Conveyor Equipment Manufacturers Association (CEMA) shows that overall industry orders (bookings) rose 9.09% in the first six months of 2017 compared with the same period last year. Orders during the first half of the year totaled $6.23 billion, according to the...

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  • Cargill Plans to Build $90M Biodiesel Plant in Kansas

    American agribusiness Cargill announced plans Thursday to construct a new state-of-the-art biodiesel plant in Wichita, KS that will feature a capacity of 60 million gal/yr when it opens in early 2019. “This new facility will enable Wichita to be a competitive supplier in the biofuels market...

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  • DowDuPont Opens New Ethylene and Plastics Plants in Texas

    Two new DowDuPont Materials Science facilities were opened in Texas as part of a wave of investment by firm in the U.S. Gulf Coast region prompted by optimism on the domestic shale gas market, the Midland, MI-based company announced Thursday. A "world-scale" integrated ethylene...

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  • Ingredion Names James Zallie as New CEO

    Ingredient solutions provider Ingredion named James P. Zallie as its new president and chief executive officer as its current chief executive, president, and chairman Irene Gordon prepares for retirement this coming July, a press release announced Monday. Set to assume the role on Jan. 1, 2018,...

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  • Firm Fined $74K After Screw Conveyor Crushes Man’s Hand

    A manufacturer of fragrance and flavor solutions Symrise Ltd. was ordered by a British court to pay a fine for violations of occupational safety laws after a worker’s hand was crushed while cleaning near a screw conveyor, Britain’s occupational safety regulator, the Health and Safety...

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  • Tyson Halts Controversial Plans for New Processing Plant

    American meat products producer Tyson Foods Inc. is shelving plans to build a $320 million poultry processing plant in Tonganoxie, KS after public outrage surrounding the project prompted local and state officials to speak out against it. The Springdale, AR-based firm sent an open letter to the...

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  • $40M Grain Terminal Opens in South Dakota

    A ceremony was held to mark the opening of Dakota Plains Ag Center LLC’s new, $40 million grain terminal in Yankton, SD on Sept. 7, completing a 17-month period of planning and construction, the West Fargo Pioneer reported Monday. The site contains six silos with a combined storage capacity...

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  • Solvay Sheds Polyamides Business in $1.9B Sale to BASF

    Brussels, Belgium-based chemicals firm Solvay signed an agreement with BASF to shed its polyamides business, a BASF press release announced Tuesday. Priced at €1.6 billion, or about $1.9 billion, the transaction is projected to close by the third quarter of 2018. Solvay's polyamides...

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