Chemical/Petrochemcial News

Engineering services company Indutrade has agreed to acquire all the shares in Finkova Oy, with annual sales of around €8.5 million. Finkova offers valve solutions to the process industry and boiler manufacturers. The company’s product range comprises a range of valves, including control valves, safety valves, and on/off high-pressure valves. Its customers operate in the pulp and paper,…
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Flowrox, a Finnish manufacturer of industrial valves and pumps, has announced the acquisition of Polar-Automaatio, which specialises in the design, delivery and maintenance of industrial automation systems. “Polar-Automaatio has a long and reputable history in the sectors that Flowrox operates in,” said Flowrox CEO and president Jukka Koskela. “Polar-Automaatio has been particularly…
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Energy major Total has announced the sale of its 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to crude oil storage operator Pisto for €260 million. Trapil was created by the French Government in 1950 to build and operate a pipeline to transport refined petroleum products between the Basse-Seine region and Paris. The pipeline network is the oldest in Europe,…
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Watson-Marlow Fluid Technology Group (WMFTG) has opened a new office in South Africa, which includes a servicing facility and peristaltic test laboratory demonstration area. The new, larger facility, which measures over 2,300 square metres, will help to provide additional levels of technical support for the company’s Bredel range of high-pressure hose pumps, as well as the MasoSine…
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With the purchase of US specialist GTC Technology, Sulzer has expanded its petrochemical process capability. Through the acquisition, Sulzer will gain a range of licensed technologies and additional engineering resources, adding to its existing experience in process plant design, construction and commissioning. Adding to Sulzer Chemtech’s capacity to design and deliver a range of…
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CIRCOR’s board of directors has unanimously rejected the revised unsolicited tender offer from Crane, after ‘careful consideration and with the advice of its independent financial and legal advisors’. In a statement released on 11 July, CIRCOR said it had rejected to offer on the grounds that it ‘substantially undervalues the company and is low-value, highly conditional and…
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