Industry News

De La Rue plc has signed an agreement to enter into a joint venture with the government of Kenya, the company said. The new joint venture builds on an existing long term strategic relationship with the government of Kenya. De La Rue said the agreement enhances the group's position in East Africa and is in line with its strategic objective of building global partnerships."/>
UK Banknote Printer De La Rue Agrees to Kenya Joint Venture
Nanotech Security Corp. today announced that the company and its KolourOptik ® technology were recently featured by Simon Fraser University. KolourOptik technology is a branding and anti-counterfeiting nanotechnology developed at Simon Fraser University by Nanotech's current Chief Technology Officer Mr. Clint Landrock and current Director Dr."/>
Nanotech Security Featured by Simon Fraser University
CAAT director gets the boot [Bangkok Post, Thailand]
BWX Technologies Inc announced on Thursday the entering into a share purchase agreement by its subsidiary BWXT Canada Ltd, to acquire all of the shares of the GE Hitachi Nuclear Energy Canada Inc joint venture. Financial details of this agreement were not disclosed. This transaction is expected to be completed, subject to required Canadian regulatory reviews and other closing conditions, during the fourth quarter of 2016.."/>
BWX Technologies’ Canadian subsidiary to acquire GE Hitachi Nuclear Energy Canada Inc for undisclosed sum
Caterpillar Inc. announced today it intends to pursue strategic alternatives, including a possible divestiture, for its room and pillar products, which serve a segment of underground soft rock mining customers. The company will also discontinue production of track drills within its Resource Industries portfolio. The company and its dealers remain committed to existing customers and will support..."/>
Caterpillar to Explore Strategic Alternatives for Certain Mining Products; Company continues restructuring and optimizing manufacturing footprint
Caterpillar Officer Retires; Company Creates Division Focused On Advancing Research, Product Development and Innovation Capabilities. PEORIA, Ill.- Caterpillar Inc. today announced the following changes:. -Following a distinguished career of more than 35 years with the company, Gwenne Henricks, currently vice president with responsibility for the Product Development& Global Technology Division, is retiring."/>
Caterpillar Officer Retires; Company Creates Division Focused On Advancing Research, Product Development and Innovation Capabilities
Pentair for $3.15 billion. The complementary acquisition establishes Emerson's global presence in control, isolation, pressure relief valves and actuation as part of a larger strategy to build a broader automation portfolio."/>
Emerson Signs Agreement to Acquire Valves & Controls Business from Pentair
NF Energy Saving revealed on Thursday the execution of USD600, 000 in sales contracts with four companies in China. The new orders include the hydroelectric Retrofit project of Anhui Huangneng Liangting Co; the condenser circulating water project of Jiangsu Shenhua Guohua Chengjiagang Co; the Zambian exported project of Shandong electric power construction Co; and the pipeline reinforcement project of Shenzhen Jinrun construction Co.."/>
NF Energy Saving secures USD600,000 in sales contracts in China
Pentair for a purchase price of USD3.15bn. With this planned acquisition, Emerson establishes its global presence in control, isolation, pressure relief valves and actuation under larger strategy plan of investing in automation portfolio. Headquartered in Schaffhausen, Switzerland, the Pentair Valves& Controls business has nearly 7,500..."/>
Emerson to buy USD3.15bn Valves & Controls business
Univar said on Thursday that it has completed its public offering of 20,943,741 shares of common stock, representing approximately 15.2% of its issued and outstanding shares, at a price to the public of USD19.00 per share, with Goldman, Sachs& Co as the sole underwriter. This public offering was initiated by Univar NV and GSO COF Facility LLC. The selling stockholders will reportedly receive all of the net proceeds from this offering and no shares are being sold by Univar."/>
Univar closes secondary public offering of 20.944m common stock
Parker's board sets dividend payment date of 9 September 2016
Vistara cancels flights on some sectors [Mint, New Delhi]
Lockheed Martin pumped into the F-35 Lightning II program earlier this year to keep the mile-long Fort Worth assembly line moving. Orlando Carvalho, Lockheed's executive vice president for aeronautics, said Thursday the company has received money that has "significantly improved" the its cash position. While no one at either the Pentagon or Lockheed is confirming the amount, credible sources say it is..."/>
Pentagon pays off Lockheed's $1 billion F-35 subsidy [Fort Worth Star-Telegram]

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