US-based firm General Electric Co. (GE) and Egyptian private company Carbon Holdings have signed a US$ 500 million agreement to provide technology and equity support for the building of a Greenfield naphtha cracker and olefins complex in ...
Tags: Naphtha Cracker, GE
Rio Tinto has set out its breakthrough plan to optimise the growth of its world-class iron ore business in Western Australia. Mine production capacity will rapidly increase towards 360 million tonnes a year (Mt/a) at a significantly lower ...
Tags: Metallurgy, Mineral, Energy, iron ore
Australia-based mining giant Rio Tinto has set out its breakthrough plan to optimize the growth of its iron ore business in Western Australia. Accordingly, mine production capacity will rapidly increase towards 360 million mt per year at a ...
Cisco Systems’s third annual Global Cloud Index forecasts that global cloud traffic will more than quadruple, from 1.2 zettabytes in 2012 to 5.3 ZB in 2017. That works out to about 443 exabytes a month, or about 476 billion GB. ...
Tags: Cisco Systems, Cloud Computing, Forecast
AkzoNobel has strengthened its manufacturing footprint in India by opening a new €20 million decorative paints plant in Gwalior, which will have an annual capacity of 55 million liters. The eco-efficient Greenfield facility – ...
BAC chairman Bill Grant said the corporation had signed a contract for the next stage of the new parallel runway, dredging and reclamation, and work would commence on site within weeks. The runway represents $1.35 billion of private ...
Tags: Runway Transport, Service, Logistics
Citadel Capital, an investment company based in Africa and the Middle East, has secured a 49% stake in ent company based in Africa and the Middle East, has secured a 49% stake in Sphinx Glass, a float glass manufacturer, from DH Investors ...
Tags: Sphinx Glass, Citadel Capital
Sidel, a provider of liquid packaging solutions, was awarded a contract by Moha Soft Drinks for another turnkey bottling line in Ethiopia. The contract calls for a turnkey project to install the entire production line for Moha's new ...
Tags: Sidel, Turnkey Bottling Line
Refining capacity expansions in China have been largely on track this year although the country's relatively weaker growth in oil demand could delay some projects and result in lower utilization rates, analysts said this week. Up to 1.3 ...
Tags: oil, Metallurgy, Mineral
A consortium in partnership with Qemmet El-Iraq will overhaul and manage the 2 MTPA Muthanna Cement Plant in Muthanna Governorate on 14-year contract. A consortium of ASEC Cement, a portfolio company of ASEC Holding, and Iraq s Qemmet ...
Tags: ASEC Cement, Iraqi Market
International Food Products has selected EPIC Systems to develop the process and packaging lines for its new $20m greenfield facility in St Louis, Missouri, US. The new plant, which will be leased from Panattoni Development, combines a ...
Tags: Packaging Lines, US Facility
GIA released a comprehensive global report on Renewable Chemicals markets. Global market for Renewable Chemicals is projected to reach $66.1 billion by 2018, driven by spiraling petroleum prices, rising demand for eco-friendly products and ...
Tags: Renewable Chemicals, Chemicals, Construction
Australian miner Fortescue Metals Group has announced that Taiwan-based Formosa Plastics Group has invested US$1.15 billion in the FMG Iron Bridge Joint Venture, established to develop the FMG Iron Bridge Project, which is 88 percent owned ...
SEL Manufacturing Company Limited, a Ludhiana based integrated textile conglomerate, has registered a turnover of Rs. 1381.58 crore during the quarter ended 30th June, 2013 as against Rs. 634.76 crore in the corresponding quarter last year, ...
Tags: integrated textile, SEL Textiles
India-headquartered steel giant Tata Steel Group has issued its group financial results including Tata Steel Europe for the first quarter ended June 30 of the financial year 2013-14. Tata Steel Group recorded a net profit of INR 11.4 ...
Tags: Tata Steel, Robust Performance