Water is vital for both industrial and municipal use. The technology for water treatment in the industrial sector differs fundamentally from that in the municipal sector as functions vary as per specific needs of each sector. In the industrial sector, demand for water treatment varies between industries and location of the establishment. Highly customized and integrative technologies are used in treating water in the industrial sector. On the other hand, municipal water treatment requires established techniques and processes to purify water and fulfill public demand.
Nouryon (formerly, AkzoNobel Specialty Chemicals) to double production capacity of organic peroxides at its Los Reyes site, Mexico to meet increased customer demand for polyvinyl chloride (PVC) and polyolefin in North America. The expansion is planned to be completed by the first half of 2020.
Archer Daniels Midland Company (ADM) (US) completed the acquisition of the Ziegler Group (Germany), a leading player in the European flavors market producing natural citrus flavor ingredients, on March 21, 2019.
The tragic loss of life due to the crashing of the Lion Air flight 610 in October 2018 and the Ethiopian Airlines flight 302 resulted in the global grounding of the Boeing 737 Max until the cause of the crash could be reliably identified. Globally, 371 of these aircraft have been grounded. The potential risk for Boeing could be the complete or partial cancellation of orders placed by global airlines, litigation for victims of the crashes, and compensation claims by airlines for lost revenue, presenting opportunities for rivals.
The European power system is set to change radically in the future owing to the drive to reduce carbon emissions. At the same time electrification of transportation and heating sector will create a perennial demand on the grid infrastructure.
Qlik, a major provider of analytics and business intelligence solutions, has recently announced a partnership with DataRobot, an AI-based predictive solution provider, to implement technological advancements in predictive modeling. The collaboration would integrate machine learning (ML) capabilities of DataRobot directly into Qlik workflow solutions. The integration would enable business users to gain deeper insights from current and historical data for better predictions and informed decision-making.
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Azelis (Belgium), a specialty chemicals and food ingredients distributor, based in Europe, announced its 100% acquisition of Chemroy Canada Holding (Ontario, Canada), a privately owned distributor of specialty chemicals and ingredients, on 12th March 2019. The transaction would place Azelis as one of Canada's leading specialty distributors. Additionally, with Chemroy’s dedicated sales force into the food and nutraceutical segments, Azelis will have high growth opportunity in these segments.
Volkswagen and Microsoft shared progress on the development of the Volkswagen Automotive Cloud. The Volkswagen Automotive Cloud is to be extended to further regions of the world and will be available in Europe, China, and the USA—the core markets for the future, full-electric, and fully connected ID model family. Volkswagen and Microsoft are also working on the first lighthouse projects for connected vehicle services. They are concentrating on communication and navigation solutions as well as personalized services: These will leverage self-learning algorithms facilitating the use of services in vehicles and offering occupants extended functions. Automated linking into telephone conferences and transfer of prepared navigation destinations will only be the first steps, which will also include the integration of Microsoft Skype and Microsoft Office.
Greif, Inc. (US), a manufacturer of industrial packaging products and services has completed its previously announced acquisition of Caraustar Industries (US), an integrated manufacturer of 100% recycled paperboard and paperboard products.
German conglomerate Siemens acquired the solar string inverter business of KACO new energy GmbH, which specializes in the field of independent and decentralized energy supply. This acquisition will strengthen the decentralized energy systems portfolio of Siemens, which will get a fresh lease of life, through this acquisition.