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ABB to buy Lorentzen & Wettre to strengthen pulp and paper business

admin
5 July, 2011 ABB, the leading power and automation technology group, has agreed to acquire Lorentzen & Wettre from ASSA ABLOY AB (publ) for a price of about $119 million, to strengthen its business in the pulp and paper area. Based in the Kista district of Stockholm, Sweden, Lorentzen &......
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Metso sharpens its business portfolio: targeting continued profitable growth and stronger global market position

admin
2 September, 2011 Metso Corporation’s Board of Directors has decided to modify the company’s business structure in order to more effectively reach the company’s future business targets. According to the decision, Metso’s Power business, which is presently part of Energy and Environ-mental Technology segment, will be integrated with Paper and......
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Stora Enso orders 455,000 TPA testliner machine

admin
16 July, 2011 In June 2011, Voith Paper received from Stora Enso the order for the supply of a new paper machine for the production of testliner. The location of the production line will be Ostroleka, approx. 120 km to the north of Warsaw, Poland. With its new PM 5......
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Tetra Pak achieves milestone towards goal of 100% renewable packaging

admin
30 July, 2011 Tetra Pak achieves a significant milestone towards its goal of producing 100% renewable packaging with Nestle Brazil’s launch of two popular milks brands in carton packaging featuring caps made with green polyethylene (PE). The first ever use of plant-based polyethylene in carton packaging further strengthens Tetra Pak’s......

BASF announces completion of acquisition of inge watertechnologies AG

admin
18 August, 2011 The acquisition of Germany based ultrafiltration specialist inge watertechnologies AG by BASF SE is closed successfully. The anti-trust authorities approved the transaction unconditionally. Through this acquisition, BASF gains access to the market of ultrafiltration technology, a process used in the treatment of drinking water, process water, wastewater......