Driving private investments Nov 21, 2009
These include Petronas recent acquisition of a 40% stake in Santos Ltds interest in the integrated LNG project in Australia and KNMs acquisition of German process equipment manufacturer Borsig GmbH last year. Jalilah explains that cross-border investments are an avenue for Malaysian companies that find it no longer cost-competitive to operate in the domestic market to venture into countries that have certain comparative advantages in their industries. (The Star Online, Malaysia -- Business)
Biodiesel plant to hold court-ordered auction (2) Nov 14, 2009
The facility has an extensive lab that will be available for purchase as a second tract, independent of the real estate and process equipment. A detailed equipment catalog is available by contacting Maas Companies at (507) 285-1444 or at the auction website. (Fort Madison Daily Democrat, IO)
Samsung starts work on sub-28-nm foundry processes Nov 7, 2009
The newly-formed Semiconductor Rer brings together logic and memory process research teams to investigate materials, transistor structures, and to provide early access to leading-edge process equipment, Samsung added. The Semiconductor Rer is working on sub-28-nm process technology. (EETimes)
Nevada Regulators, Company Agree on Mine Reopening Oct 14, 2009
The decree also requires improvements to fluid management systems, environmental audits and emission controls on process equipment. State environmental regulators launched an investigation of the mine in December 2006 after Queenstake was cited for failing to properly maintain process equipment and air pollution control systems for mercury emissions. (KLAS-TV.com, NV)
Flint Transfield Services announces appointment to Board of Directors and new Chairman of the Board Sep 17, 2009
Flint Energy Services Ltd. is a market leader providing an expanding range of integrated products and services for the energy industry including: production services; field construction; oilfield transportation; process equipment design and manufacturing; tubular management services; plant management; and maintenance services. Flint provides this unique breadth of products and services through over 60 strategic locations in the oil and gas producing areas of western North America, from Inuvik in... (PR Newswire)
New in brief Sep 4, 2009
PETALING JAYA: Oil and gas process equipment manufacturer KNM Group Bhd has bought six million of its own shares from Aug 24 to Sept 1. According to a filing with Bursa Malaysia, the company bought the shares for RM4. (The Star Online, Malaysia -- Business)
Metro poultry facility fined by OSHA Sep 4, 2009
Other alleged violations include an unguarded floor hole, no stair or guardrails, broken stairs, missing rung and side rail on a ladder, exposure to amputation hazards, no written safety compilation for formaldehyde, no initial training on safety and health hazards, exposure to electrical shock from electrical panels, no written procedures for formaldehyde process equipment, engineering controls not implemented for overexposure to dust and exposing employees to dust two-and-a-half to 20 times... (Atlanta Business Chronicle, GA)
Positive Displacement Pumps' Superior Durability Gives Them an Edge Over Traditional Pumps, Finds Frost & Sullivan Aug 25, 2009
PD pumps' high performance standards have made them the first choice among several industries that are becoming aware of the need to keep a tab on life cycle costs of their process equipment ... Perceptive participants can stay afloat in the market by capitalizing on the indispensable nature of this critical process equipment ... Market for Positive Displacement Pumps in SEA & ANZ (Southeast Asia and Australia and New Zealand) is part of the Industrial Automation & Process Control Growth... (PR Newswire)
• SV Opera signs director Aug 14, 2009
She has also worked in education and banking and published a newsletter to the process equipment industry. Sun Valley Opera was founded eight years ago with a mission of bringing the highest caliber of classical voices to the Wood River Valley. (Burley South Idaho Press, ID)
Candente Resource Corp.-Financial Results For Quarter Ended June 30, 2009 and Canariaco Project Update Aug 12, 2009
Factors which are expected to benefit the project economics include: 1) decreased mine and process equipment capital costs; 2) reduced capital construction costs and shortening of the project construction schedule; 3) lower concentrate transport costs due to plans for a new port to be built at Eten, which is much closer to the Canariaco project than the port identified in the Preliminary Economic Assessment ("PEA") and, 4) new tax incentives in Peru which may provide tax credits for qualifying... (CCNMatthews Press Releases)
Enerflex Reports Second Quarter 2009 Financial Results and Announces Third Quarter 2009 Distributions Aug 12, 2009
Enerflex provides natural gas compression and process equipment for sale or lease, hydrocarbon production and processing facilities, electrical, instrumentation and controls services and a comprehensive package of field maintenance and contracting capabilities ... During the three months ended June 30, 2009, Production Services sold 2 compression units and 4 process equipment units from its fleet, for gross proceeds of $3. (CCNMatthews Press Releases)
NATCO Group Announces 2nd Quarter 2009 Results Aug 8, 2009
NATCO Group Inc. is a leading provider of wellhead process equipment, systems and services used in the production of oil and gas. NATCO has designed, manufactured and marketed production equipment and services for over 80 years. (PR Newswire)
IDT to shut fab in fabless move, signs on TSMC Aug 7, 2009
The agreement does not include transfer or sale of the process equipment or the IDT facility located in Hillsboro. IDT intends to exit the Hillsboro wafer fabrication facility at the end of the transfer period and has engaged a third-party to market the facility to potential buyers that can continue fabrication operations. (EETimes)
State leaders to announce tech project Jul 15, 2009
On Monday, the College of Nanoscale Science and Engineering at the University of Albany and Novellus Systems, a Silicon Valley-based provider of advanced process equipment for the nanoelectronics industry, announced a $20 million partnership for research and development. A team of Novellus researchers will be located with the college's staff in Albany, and the agreement includes the potential for further research and development initiatives in the future, which may involve the location of... (Utica NY Obserer, NY)
Novellus, UAlbany enter $20M partnership Jul 14, 2009
As part of the agreement, Novellus (Nasdaq: NVLS) will install three advanced thin-film deposition tools used to advance manufacturing and process equipment for the nanoelectronics industry. The work will take place at , the research campus where the s (CNSE) is located. (Albany Business Review, NY)
LA schools chief fumes over `Bruno' school photos (AP) Jul 1, 2009
Amerimade Technology designs and manufactures a wide range of Wet Process Equipment for Cleaning, Etching and Plating. Corrosion Resistant Polypropylene Fume Exhaust Fans rs. (Yahoo News -- Technology)
STC counts on engineering subsidiary Jun 25, 2009
The new factory will focus on the fabrication of process equipment for the food and pharmaceutical industries. The industrial light fittings specialist reported a 19% rise in net profit to RM6. (The Star Online, Malaysia -- Business)
Vista Gold Corp. Announces Results of a Preliminary Economic Assessment and Increases Estimated Measured and Indicated Resources by 12.8% at Its Mt. Todd Gold Project, Northern Territory, Australia Jun 5, 2009
The process equipment capital costs for the 60,000 tonne per day mill were factored from the 30,000 tonne per day mill in the base case. A 20% contingency factor was applied to all capital costs and is included in the estimate. (PR Newswire)
CAI presents new explosion report, seeks to clear name Jun 4, 2009
CAI did not install or use automated process controls, alarms, or safeguards when heating flammable liquids in process equipment inside a closed building. CAI did not maintain adequate building ventilation during all flammable liquids process operations. (Danvers Herald, MA)
Cameron to Acquire NATCO Jun 2, 2009
NATCO is a leading provider of process equipment, systems and services, including proprietary equipment and technologies, to the worldwide oil and gas industry. NATCO has approximately 2,400 employees and generated revenues of more than $650 million during 2008. (PR Newswire)
Success expands in economic downturn May 26, 2009
PETALING JAYA: Success Transformer Corp Bhds process equipment subsidiary, Seremban Engineering Sdn Bhd (SESB) is constructing its sixth factory at a time when the countrys manufacturing sector is still grappling with the slowdown ... SESB also added capacity last year when it subscribed to a 60% stake in Sepen Engineering Sdn Bhd, which manufactures process equipment ... The groups process equipment is mainly for the food industry where demand has not contracted. (The Star Online, Malaysia -- Business)
Crude oil price rises above US$60 May 20, 2009
Process equipment maker KNM Group Bhd, actively traded yesterday, rose 7 sen to 81 sen, Scomi Group Bhd was up 7. 5 sen to 72 sen and Petra Perdana Bhd gained 18 sen to RM2. (The Star Online, Malaysia -- Business)
CORRECTION: Enerflex Reports Strong First Quarter 2009 Financial Results and Announces Second Quarter 2009 Distributions May 15, 2009
Enerflex provides natural gas compression and process equipment for sale or lease, hydrocarbon production and processing facilities, electrical, instrumentation and controls services and a comprehensive package of field maintenance and contracting capabilities ... (unaudited)(thousands) Three months ended March 31, 2009 2008 ---------------------------------------------------------------------------- Segment revenue $ 6,627 $ 6,982 Intersegment revenue (3) (2)... (CCNMatthews Press Releases)
ProSep reports 2009 first quarter financial results May 14, 2009
- Announced approximately $12 million(1) in new contracts during the quarter to supply process equipment to large national and international oil and gas producers. - Sales backlog totalled at $ 24. (Canada Newswire)
Stopping Expensive 'Ice' Plugs In Oil Pipelines May 3, 2009
In order to prevent hydrate formation, the oil companies pour large volumes of antifreeze (methanol or glycol) into wells, pipelines and process equipment. Similarly, when planned or unanticipated shutdowns take place, large quantities of antifreeze are added in order to prevent hydrate formation. (Science Daily)
WCB Flow Products phasing out Buffalo Apr 28, 2009
Another nine workers involved in machining and polishing and office support have been offered a transfer to SPX Process Equipment, Lightnin, located in Rochester. The WCB Flow Products unit makes fittings, valves and tubing for accessing material test results. (Buffalo Business First, NY)
Novellus' Suppression-Enhanced Fill(TM) Technology Provides Defect-Free 32nm Copper Interconnects Apr 10, 2009
Novellus Systems, Inc. (NASDAQ: ) is a leading provider of advanced process equipment for the global semiconductor industry. The company's products deliver value to customers by providing innovative technology backed by trusted productivity. (PR Newswire)
Management buyout of KNM hinges on funds Mar 17, 2009
The process equipment companys balance sheet is healthy with net gearing of 0. 6 time after considering cash balances of some RM500mil. (The Star Online, Malaysia -- Business)
Honeywell Technology Selected to Control Manufacturing Processes at Major U.S. Biotech Site Mar 12, 2009
This is a new concept where disposable vessels and tank liners are used to reduce the cost of cleaning and verification of process equipment. The site also will include cell-culture production, a clinical suite, and just-in-time warehousing. (PR Newswire)
Oil & gas sectors performance draws mixed reviews Mar 7, 2009
Hes also predicting charter rates to fall by 10%, and the process equipment segment to see some margin squeeze. Nonetheless, as the Oness is typically one that is long-term with contracts locked in, its safe to say that the sector is far from dead. (The Star Online, Malaysia -- Business)
Gabriel Resources Ltd: Fourth Quarter 2008 Report Mar 5, 2009
December 31, December 31, 2008 2007 ---------------------------------------------------------------------------- ---------------------------------------------------------------------------- Total purchase agreements: Grinding area systems $ 41,237 $ 46,140 Crusher facilities 3,923 6,976 Other process equipment - 2,646 Foreign exchange movement 9,681 - ---------------------------------------------------------------------------- 54,841 55,762 Amount paid as at December 31, 2008: Grinding area... (CCNMatthews Press Releases)
Enerflex Systems Income Fund Announces Annual General Meeting Feb 10, 2009
Enerflex provides natural gas compression and process equipment for sale or lease, hydrocarbon production and processing facilities, electrical, instrumentation and controls services and a comprehensive package of field maintenance and contracting capabilities. Through our ability to provide these products and services in an integrated manner, or as standalone offerings, Enerflex offers its customers a unique value proposition. (CCNMatthews Press Releases)
Veeco cuts 26% of jobs as Q4 loss widens Feb 10, 2009
SAN FRANCISCO Metrology and process equipment tool vendor Veeco Instruments Inc. embarked on a restructuring program including the elimination of 26 percent of its total jobs during the fourth quarter of 2008, the company said Monday (Feb. 9). (EETimes)
