ABB signs for ethylene project in China
ABB said has signed an order for approximately USD 200 million with Shanghai SECCO Petrochemical Company for part of a new USD 2.7 billion petrochemical complex in China.
Sandvik’s acquisition of Walter AG approved
On 7 September 2001 Sandvik announced in a press release that the Group had reached an agreement with the principal owners of Walter AG, Germany, regarding the acquisition of shares resulting in a controlling interest in the company.
Poyam wins stainless valve contracts
Poyam, the Spanish manufacturer of cryogenic valves, has recently been awarded with a series of orders for cryogenic valves for LNG business.
New CD-ROM stainless passivity
The electro-chemical process behind the passivity of stainless steels is explained in a new CD-ROM by Euro Inox, Brussels.
European steel merger approved
European Commission regulators have given the go-ahead for the combination of Usinor (France), Arbed (Luxembourg), and Aceralia (Spain) to form the world’s largest steel maker, which would topple Nippon (Japan) from the number one spot.