Arabian American Development Announces New Contract With LyondellBasell Industries

Arabian American Development Co. announced that its subsidiary, South Hampton Resources, Inc., has signed a new contract with LyondellBasell Industries (LBI), an existing customer, which is estimated at $11 to $15 million per year over the term of the contract running from August 1, 2009 through April 30, 2012 with continuation year to year thereafter. Estimated annual volume of the contract is approximately... 

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Gulf Resources Completes Acquisition of Bromine and Crude Salt Manufacturing Assets

Gulf Resources, Inc., announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has completed the acquisition of manufacturing assets involved in bromine and crude salt production owned by three individual residents of the People’s Republic of China, Fenqiu Yuan, Han Wang and Yufen Zhang. On January 7, 2009, SCHC signed an agreement to acquire the buildings,... 

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Gulf Resources Agrees to Acquire Bromine and Crude Salt Manufacturing Assets

Gulf Resources, Inc., a leading manufacturer of bromine, crude salt and specialty chemical products in the People’s Republic of China, today announced that one of its wholly-owned subsidiaries Shouguang City Haoyuan Chemical Company Limited has signed an agreement with three individual residents of the People’s Republic of China, Fenqiu Yuan, Han Wang and Yufen Zhang (the “Sellers”), to acquire... 

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Flowserve Signs Long-Term Strategic Agreement with Oil and Gas Giant Saudi Aramco

Flowserve Corporation, one of the world’s leading providers of flow control products and services for the global infrastructure markets including oil and gas, power, chemical water and general industries, today announced it has signed a 10-year strategic supplier agreement with Saudi Aramco, one of the world’s largest oil producing companies. The supply agreement includes Flowserve’s entire... 

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Flint Announces Fluid Hauling and Pressure and Vacuum Contract Awards in Northeast Alberta

Flint Energy Services Ltd. announced that the Company has been awarded two contracts to provide fluid hauling and pressure and vacuum services to two major oil producers in Northeast Alberta valued at $125 million (Canadian dollars) over the next five years. The first, a five year contract, worth an estimated C$15 million annually, is with an existing customer in Northeast Alberta. This contract will... 

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American Titanium Works Selects Laurens County for First Titanium Mini-Mill Facility in North America and Greenville County/CU-ICAR for a R&D Tech Center

Gov. Mark Sanford and Thomas Sax, CEO of American Titanium Works (ATW), announced that ATW will build a world-class titanium mini-mill facility in Laurens County, South Carolina. American Titanium Works LLC, headquartered in Chicago, Illinois, will invest an estimated $422 million and plans to employ 320 people at its new facility in Laurens County. Under one roof, uniquely efficient manufacturing... 

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ShengdaTech Announces Delay in Planned Acquisition of Jinan Fertilizer and Closure of Bangsheng Chemical

ShengdaTech Inc. a leading manufacturer of nano precipitated calcium carbonate and a manufacturer of coal-based chemical products in Shandong Province, PRC, today announced the Company will require additional time to close the acquisition of Jinan Fertilizer Co., Ltd., (“Jinan Fertilizer”) and that the chemical facility in Tai’an City was closed as scheduled on October 31, 2008. As... 

Dresser-Rand Awarded BP Angola Block 31 FPSO Program

Dresser-Rand Group Inc. announced that its Norwegian subsidiary will supply four power generation packages for a floating, production, storage and offloading (FPSO) vessel. This will be the first of up to four identical contracts, as part of BP’s Angola development program. The first contract’s sales are estimated at approximately $75 million. “We are very pleased to have been awarded... 

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Platinum Equity to Purchase SCM Metal Products from Gibraltar

Platinum Equity announced it has signed a definitive agreement to purchase SCM Metal Products, Inc. from Gibraltar Industries, Inc. for an undisclosed amount. SCM is a global leader in the manufacturing and distribution of copper-based powder and pastes and copper oxide powders to a broad range of industries. “This is a very exciting time for all of us at SCM,” said Barton White, President of SCM.... 

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ShengdaTech Updates Timing of Jinan Fertilizer Acquisition and Relocation of Chemical Facility

ShengdaTech, Inc. a leading manufacturer of nano precipitated calcium carbonate (NPCC) in the People’s Republic of China (PRC) and a major manufacturer of coal-based chemical products in Tai’an City, Shandong Province, PRC, today announced that the Company expects to close the acquisition of Jinan Fertilizer Co., Ltd., before the local government’s mandated closing of its chemical... 

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