Sandvik acquires shares in Walter AG
Sandvik has signed an agreement with the principal owners of Walter AG covering the acquisition of shares resulting in a controlling interest in the company.
Polyethylene plant in Russia
Tecnimont, the Engineering and Construction Company of Montedison Group, has signed in Moscow, with AK Sibur, a Russian Company controlled by Gazprom, a contract covering the grant of licence and the supply of engineering, materials and equipment as well as technical assistance for the implementation at Kstovo (Nizhniy Novgorod) of a 120,000 tpy High Density Polyethylene Plant.
Chevron moves HQ
Chevron Corp. has announced plans to move its headquarters from San Francisico to San Ramon, California, where its Chevron Park campus (and other nearby buildings at Bishop Ranch) already houses most of its Bay Area-based operations and some 3500 employees.
UK buys first commercial fuel cell
International Fuel Cells, a unit of United Technologies Corp., has announced the sale of a fuel cell system that will power a recreational centre in Woking, England, and be the first commercial fuel cell operating in the United Kingdom.
Siemens thermoelectric power
Siemens is negotiating the supply of two gas-powered and one-steam powered turbine to each of two thermoelectric power plants, one in Araraquara in Sao Paulo and one in Vitoria, Espirito Santo, at a total cost of R$260mil.