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Industry News

  • Tyson Revamps Leadership Team After Keystone Integration

    Springdale, AR-based Tyson Foods announced changes to its enterprise leadership team on Monday as part of its process to integrate Keystone Foods after it acquired the business from Marfrig Global Foods last year.  Chad Martin, currently serving as senior vice president and general manager of...

  • INEOS Invests $3.4B in New Cracker, PDH Unit in Europe

    Chemicals and oil products firm INEOS is making a €3 billion (about $3.4 billion) investment to construct a new ethane gas cracker and PHD unit in Antwerp, Belgium, the company announced in a release Monday.  “Our investment in a gas cracker and world-scale PDH unit is...

  • Cargill Names New Head of North American Protein Business

    American agribusiness Cargill announced Tuesday that Jon Nash will become the next leader of its North American protein business on March 1. Reporting to Brian Sikes, the executive team leader of the firm’s global protein and salt businesses, Nash will be based out of Cargill Protein’s...

  • Compass Minerals to Close Wisconsin Salt Blending Plant

    Overland Park, KS-based Compass Minerals America Inc. plans to shutter its salt blending and packaging plant in Kenosha, WI this April and permanently lay off all 38 workers employed at the site, the company said in documents filed with state officials on Sunday.  The site is slated for...

  • Lotte/BP JV to Boost Capacity at Petrochemical Plant

    A joint venture between Lotte Chemical and BP plans to invest $175 million in a capacity expansion project at an existing petrochemical production plant in Ulsan, South Korea, the firms announced in a recent press release.  Lotte BP Chemical Company Limited expects to complete work on...

  • Petrochemical Firm Alpek to Buy U.S. PET Recycling Plant

    Mexican petrochemical firm Alpek is slated to take ownership of a PET recycling plant in Richmond, IN after entering into an agreement to purchase the facility from its owner, Perpetual Recycling Solutions LLC, a press release announced this month.  Alpek said the acquisition of the site will...

  • GE’s AP&C to Expand AM Metal Powder Capacity in Quebec

    Metal 3D printing powders firm Advanced Powders & Coatings (AP&C), a part of GE Additive, intends to boost production capacity at its manufacturing facility in the suburbs of Montreal, QC, the town of Saint-Eustache announced in a Jan. 11 press release. The company signed documents last...

  • Bristol-Myers Squibb to Purchase Biopharma Firm Celgene

    Global biopharmaceutical company Bristol-Myers Squibb revealed plans earlier this month to acquire Summit, NJ-based drug maker Celgene Corporation in a transaction valued at about $74 billion. The companies said the tie up will result in “a leading focused specialty biopharma company”...

  • Report: Fire Put Out at Minnesota Grain Storage Facility

    Fire crews from eight area fire departments responded to a blaze at a Meadowland Farmers Cooperative grain storage facility in Walnut Grove, MN last week, the Marshall Independent reported.  Called to the scene last Sunday afternoon, firefighters arrived to find a conveyor system...

  • Blast at Kansas Chemical Plant Causes $2M in Damages

    An explosion and fire at the Chemstar chemical plant in McPherson, KS last Thursday night left the facility with damages estimated to total over $2 million, the City of McPherson Fire Department said in a press release.  Crews were dispatched to the scene at about 4 p.m. Personnel observed...