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Category:
Press
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LyondellBasell Statement on Reliance Industries (Popularity:  )
LyondellBasell today issued the following statement:"LyondellBasell has received a preliminary non-binding offer from Reliance Industries Limited to acquire for cash a controlling interest in the company contemporaneously with the company's emergence from Chapter 11 reorganization. This offer is in addition to the previous non-binding equity financing proposals received by the company and represents a potential alternative to the initial plan of reorganization previously filed by the company. Consistent with its ...
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Ernst & Young Q4 2009 Oil and Gas Outlook (Popularity: )
http://www.ey.com
General optimism and a weakening US dollar are creating strong commodity prices, despite sluggish short-term demand and high inventories. To a large extent, oil prices continue to be higher than market fundamentals justify, according to analysis by Ernst & Young."The key question in the months ahead is, once government-delivered stimulus efforts run dry, will private and corporate dollars step in to carry on the economic recovery and create growth in ...
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Antidumping and Countervailing Duty Cases Filed Against Fastener Imports From China and Taiwan (Popularity: )
Today, Wiley Rein LLP filed antidumping and countervailing duty petitions with the U.S. Department of Commerce and the U.S. International Trade Commission against imports of standard fasteners from China and Taiwan. The petitions, which were filed on behalf of Nucor Fastener, a division of Nucor Corp., contain information establishing that the Chinese exports of standard fasteners, such as structural bolts, nuts, and capscrews, have received subsidies from the Chinese government, ...
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EnPro Industries Announces Management Change at Garlock Sealing Technologies (Popularity: )
http://www.enproindustries.com
EnPro Industries, Inc. (NYSE: NPO) today announced that Dale Herold has been named division president, Garlock Sealing Technologies, following the resignation of Paul Baldetti, who has left the company.Herold joined EnPro in August 2008 as vice president, Continuous Improvement. In that role, he was responsible for revitalizing EnPro's Total Customer Value lean manufacturing program and supply chain initiatives, as well as for implementing a company-wide commercial excellence program for improving ...
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Beacon Redevelopment Industrial Corporation Provides Progress Report on Westmoreland Glass Factory (Popularity: )
http://www.beaconredevelopment.com
Beacon Redevelopment Industrial Corp.'s (Pink Sheets: BCND) President, Rick Blackburn, arrived in Pennsylvania over the weekend. Since then, he has turned more gears in motion for the demolition of the Westmoreland Glass Factory.Blackburn began arranging for testing for metals on the ground of the site. While ground issues should not delay the demolition, the company needs to inform itself of any metal issues. As to the asbestos, an inspector from ...
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Frost & Sullivan: Energy and Asian Markets Drive the Welding Industry out of Recession (Popularity: )
http://www.frost.com
The economic downturn has affected the global welding industry, particularly in Europe and the Americas. In response, market participants have been preparing for intense competition while concurrently trying to move toward regions and end user industries that offer potential growth opportunities during the downturn. Sectors like energy and fabrication remain strong across most regions, while APAC and Middle East generate higher demand for welding equipment and consumables. The increased intake ...
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Craftsman(R) Named Favorite Hand Tools in Popular Mechanics Reader's Choice Awards (Popularity: )
http://www.craftsman.com
The results are in and the readers of Popular Mechanics magazine have named Craftsman as their favorite hand tool brand as part of the magazine's 2009 Reader's Choice Awards.This is the first year Popular Mechanics conducted the survey to determine reader's favorite choices in consumer products. More than 7,000 participants voted in nearly 30 categories with at least five competing brands per category. The votes have been tallied and readers ...
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Kennametal Selects IBM Power Systems to Replace HP Servers (Popularity: )
http://www.ibm.com
IBM (NYSE: IBM) today announced that Kennametal, Inc., a leading global supplier of tooling, engineered components and advanced materials that are consumed in production processes, has selected IBM Power Systems to replace its HP hardware.Kennametal serves a vast array of end markets, including industries such as aerospace, automotive, construction and farm machinery, power generation and transmission equipment, home appliances and oil and gas exploration. The company used the IBM Power ...
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WABCO Introduces Breakthrough Technologies to Further Accelerate Performance of Electronic Braking Systems on Trailers (Popularity: )
http://www.wabco-auto.com
WABCO Holdings Inc. (NYSE: WBC)a global technology leader and tier one-supplier to the commercial vehicle industry, today introduced two breakthrough technologies to further enhance the performance of electronic braking systems (EBS) on extra long trailers and truck-trailer combinations with two or more trailers, continuing the company's 10-year track record of technology leadership in EBS for trailers.Available to trailer customers worldwide, WABCO's new Controller Area Network (CAN) Repeater and Router are ...
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USW Urges Elected Leaders to Reject Taxpayer-Supported Auto Plans That Close Plants (Popularity: )
http://www.usw.org
The United Steelworkers (USW) today urged Congress and the Administration to reject any taxpayer-supported plan to restructure automobile companies that would export jobs instead of strengthen the domestic industry.North America's largest industrial union made the point today at a "teach-in" on Capitol Hill sponsored by mayors, workers, business leaders, and labor officials to educate lawmakers about the impact on their communities.Nationwide, more than 7.2 million jobs are related to the ...
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