News

Construction at the VC Summer plant in South Carolina has begun. The milestone marks the official start of construction of the USA's first new reactor in 30 years. The basemat provides a foundation for the containment and auxilary buildings that are within the unit's nuclear island.

Spurred on by the growth in sales of its diversified line of control valves, regulators and tank equipment in Brazil, Cashco, Inc.

Lockout Tagout, Valve Interlock and Valve Actuation experts Total Lockout (Safety) Ltd have launched an innovative valve lever, torque multiplier device specifically for turning lever operated valves which have become stiff to operate due to arduous service or infrequent operation.

ArcelorMittal announces the completion of the first installment of the previously announced investment by a consortium led by POSCO and China Steel Corporation (CSC) to acquire a joint venture interest in ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets in Quebec, Canada.The consortium acquired an 11.05% interest in the joint venture for total consideration of USD 810M in cash, with ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada retaining an 88.95% interest in the joint venture. As part of its strategy to build strategic relationships with key customers, the joint venture has also entered into long-term iron ore off-take agreements with POSCO and CSC proportionate to the consortium’s joint venture interests.The second instalment of the investment by the consortium, which will increase the consortium’s interest in the joint venture to 15%, remains subject to various conditions and is expected to close in the second quarter of 2013.

The Bimba Manufacturing Company has announced the introduction of the Low Power Isonic® V2 Valve. Building on their previous strengths with the Bimba|Meadʼs line of Isonic® solenoid valves, the new Low Power Isonic® V2 valve provides increased versatility for unparalleled performance.

  Actuator manufacturer and flow control company, Rotork p.l.c, has announced the acquisition of the entire share capital of the operating companies of the Schischek group.

Petrofac’s Engineering & Consulting Services business (ECS), in partnership with Doris Engineering of Houston (Doris), has been awarded a project management contract by Petróleos Mexicanos (PEMEX) for specialised technical assistance and supervision for the construction, installation, commissioning, testing and start-up of deep-water subsea wells and infrastructure for the Lakach project.

Oregon State University has started construction on a USD 4.8 million facility to test a new nuclear energy technology that could be safer, more efficient and produce less waste than existing approaches.

Westlake Chemical Corporation has entered into a definitive agreement with CertainTeed Corporation, a subsidiary of the French public company, Compagnie de Saint-Gobain, to purchase its Pipe and Foundation Group (PFG), a leading producer of PVC pipe and fittings for municipal, water well, mining, agriculture and irrigation applications.

AkzoNobel's new Jupiá Chemical Island in Brazil is now operational and has started supplying the Eldorado Brasil Celulose pulp mill, which is the biggest in the world. Operated by the company's Pulp and Performance Chemicals business, the state-of-the-art Jupiá facility represents one of AkzoNobel's largest investments in Latin America.