Tag: Corporate
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Matthias Zachert becomes chairman of Lanxess
The supervisory board of membrane-maker Lanxess AG resolved at its meeting on 26 January 2014 to end, by mutual agreement, the appointment of Axel C Heitmann as member and chairman of the board of management of the company, effective 28 February 2014.
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ACWA Power buys into Shuweihat S1 company
Saudi Arabia’s ACWA Power International announced on that it has agreed to acquire the 20% stake held by Summit Global Management VIII BV, a wholly-owned subsidiary of Sumitomo Corporation, in Shuweihat CMS International Power Company PJSC, which owns the Shuweihat S1 Power & Desalination Plant (S1 Plant) in Abu Dhabi, and its 50% equity interest in…
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Evoqua to be new title for Siemens Water Technologies
Evoqua Water Technologies LLC is to be the new name of Siemens Water Technologies LLC following its acquisition by AEA Investors LP.
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Seven Seas hires ex-ContourGlobal VP as CFO
Florida-based Seven Seas Water Corporation announced on 17 December 2013 that Lee Muller has joined the company as senior vice president, chief financial officer (CFO) and a member of the executive committee.
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Desalitech ties up with Toyo for international market
Innovative reverse-osmosis (RO) developer Desalitech and Japan’s Toyo Engineering Corporation announced on 11 December 2013 the formation of a strategic partnership to introduce water and wastewater treatment solutions to Japanese, East Asian and international markets.
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Pressure-exchanger court case goes to Hauge
The latest round of the “pressure-exchanger wars” between inventor Leif J Hauge, his company Isobarix Inc and energy-recovery equipment manufacturer Energy Recovery Inc (ERI) has gone in favour of Hauge.
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H2O Innovation completes Piedmont Pacific purchase
Canada’s H2O Innovation Inc announced on 5 December 2013 completion of the previously announced acquisition of all of the issued and outstanding common stock shares of Piedmont Pacific Corporation of Oakland, California, for a total consideration of approximately Can$ 4.0 million (US$ 3.8 million).
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Modern Water set for first FO desalination plant in China
Modern Water is set to build a forward-osmosis (FO) desalination plant in Xugong Island, China, as a result of one of three deals signed by the UK company during a trade mission to China led by UK prime minister David Cameron.
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H2O Innovation to buy Piedmont Pacific
Canada’s H2O Innovation Inc announced on 25 November 2013 the signing of an agreement to purchase all of the issued and outstanding common stock shares of Piedmont Pacific Corporation, the Oakland-based flexible pipe couplings manufacturer, for a total consideration of approximately Can$ 4.0 million (US$ 3.8 million).
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Toray takeover of Korea’s Woongjin Chemical agreed
Japan’s Toray Industries Inc announced on 6 November 2013 that Toray Advanced Materials Korea Inc (TAK), its Korean subsidiary, had agreed the same day with Woongjin Holdings Co Ltd and others to purchase a 56.2% stake in Woongjin Chemical Co Ltd for Won 430 billion (US$ 406 million).