Published on August 7th, 2015 | By: April Gocha0
Ceramic and glass business news of the weekPublished on August 7th, 2015 | By: April Gocha
Alcoa has completed the acquisition of RTI International Metals Inc., a global leader in titanium and specialty metal products and services for the aerospace, defense, energy, and medical device markets. Under the terms of the merger agreement, each share of RTI common stock has been converted into the right to receive 2.8315 shares of Alcoa common stock, plus an amount of cash in lieu of fractional shares of Alcoa common stock.
Structural ceramics have found use in a number of industries, but are generally limited to niche-use cases. Current applications are overwhelmingly single functional. For example, some applications use CMC solely for one main attribute such as high hardness for armor and wear components or high temperature resistance for refractory applications. Despite a long development history, ceramics are only beginning to enter structural roles that demand several of their properties.
Zeiss celebrates the 50th anniversary of commercial scanning electron microscopy. In 1965, the first commercial SEM called Stereoscan was built by Cambridge Instrument Company, a UK based predecessor company of Carl Zeiss Microscopy Ltd. To mark the anniversary of this very first SEM sale 50 years ago, and celebrate the contributions to scientific research across so many fields and industries made possible through scanning electron microscopy, Zeiss hosted a celebratory event in Cambridge.
An analysis of FracFocus, which is a publicly available database in which all E&Ps must report the composition of each individual oil well completion, indicates that there has been a secular shift away from ceramic proppant towards sand. Given that Carbo Ceramics’s business model relies on ceramic proppant for the vast majority of its gross profit, it could be at high risk of going extinct in the near term.
Ross announced the successful move of the company’s India operations into a brand new facility. On July 14, 2015, Ross Process Equipment held the inauguration of its state-of-the-art 20,000-sq.ft. manufacturing plant and offices located in the Chakan MIDC industrial area of Pune, India. The new site sits on a 2.5-acre land large enough to accommodate further expansions up to double the initial plant space.
Air Products announced the addition of Charles “Casey” Cogut, senior M&A counsel at the law firm Simpson Thacher & Bartlett LLP, to its board of directors. “He has extensive experience, has been involved in some of the largest merger and acquisition transactions in the last 30 years, and brings with him a wealth of knowledge and experience that we currently do not have on our board,” said Seifi Ghasemi, Air Products’ chairman, president and chief executive officer.
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