Metso & Pentair frontrunners to acquire L&T valves
L&T may be close to selling off its valves business for around $500 million with Finnish firm Metso and US-listed Pentair emerging as frontrunners to acquire the unit, according to sources aware of the negotiations.
Pembina announces Horizon pipeline expansion
Pembina Pipeline Corporation announced that it will expand its existing Horizon Pipeline System for an estimated capital cost of approximately USD 125M. Horizon, a 513km pipeline, was originally commissioned in 2008 and built to connect Canadian Natural Resources' Horizon Oil Sands facility to refineries, export pipelines and other delivery locations in the Edmonton area.
Automated Valve & Equipment acquires TechniQuip
Automated Valve & Equipment, the specialty valve and automation division of Ohio Pipe Valves & Fittings, Inc, have announced plans to acquire TechniQuip, Inc., a representative and distributor of valves and actuators since 1990.
Praxair expands Michigan pipeline system
Praxair announced plans to build a new air separation unit (ASU) supporting its Detroit, Michigan, area pipeline system to meet the growing demand for industrial gases from customers in the region as well as rare gas customers worldwide.
The Schroeder High Pressure Valve SHP
Schroeder Valves, the German-based company with sales offices all over the world including the United States, presented its latest innovation at ACHEMA: The Schroeder High Pressure Valve SHP. This automatic recirculation valve was developed for high and extremely high pressures and also works reliably under highly fluctuating load conditions.