Swiss valve company expands US facility
Belimo, the Switzerland-based company that produces control valves and actuators, has unveiled its new expanded 200,000-square-foot manufacturing facility in Danbury, Connecticut. The new plant more than doubles the company’s production space from its existing facility in Danbury.
A.W. Chesterton adopting GHS approved labels
In May 2012, the U.S. Occupational Safety and Health Administration (OSHA) aligned its existing Hazard Communication Standard with the Globally Harmonized System of Classification and Labeling of Chemicals (GHS).
RBC bearings to acquire Dover’s Sargent business
RBC Bearings, an international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defence and aerospace industries, entered into a definitive agreement to acquire the Sargent Aerospace & Defense business (Sargent) of Dover Corporation for USD 500M, to be financed through a combination of cash on hand and senior debt.
Two million vacant manufacturing jobs by 2025
The Manufacturing Institute and Deloitte are reporting that U.S. manufacturers will soon experience an even greater skills gap crisis than originally thought: Approximately two million unfilled manufacturing jobs by 2025, which is only 10 years from now.
Shell to buy BG Group
It is being reported that Royal Dutch Shell is in discussions with BG Group regarding a possible USD 70 billion merger between the two oil and gas companies. Shell has taken a step to boost its deepwater and LNG asset portfolio during the current low equity price environment by taking over BG Group.