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The $20 billion project intended to develop over 15,000 acres over a 25-year period in a new capital, located east of Cairo. The project’s first phase was scheduled to reach completion by the middle of 2019. Discussions between the Government of Egypt and Chinese real …
Spirax-Sarco Engineering PLC recently announced that it had agreed on a €59 million deal to sell its air humidification unit, HygroMatik GmbH, to Carel Industries. For the uninitiated, HygroMatik has its headquarters in Hamburg, Germany, and is among the leading industrial and commercial air humidification …
Daikin Industries Ltd., a renowned Japanese multinational air conditioning (AC) manufacturing firm, is reportedly all set to acquire AHT Cooling Systems, an Austrian commercial refrigeration equipment company, in an $885 million deal. Reports claim, the acquisition, along with the company’s 2016 purchase of Italian refrigeration …
The health authority for Alberta province, Alberta Health Services (AHS), has earmarked a piece of land in the northwest part of Edmonton to build a $36 million pharmaceutical center. AHS recently said in a press release that this move is part of a larger project, …
UltraTech Cement has made an announcement confirming that the company’s board of directors has approved the proposal of incorporating Binani Cement (BCL) as a wholly-owned subsidiary. Apparently, the revised bid by Aditya Birla group owned UltraTech Cement for debt-ridden Binani Cement was recently approved by …
Fluor Corporation has officially announced that it has been selected by ioneer Ltd. to deliver the company’s lithium and boron mine situated outside of Tonopah in Nevada, U.S. Fluor said that it would initially be providing a definitive feasibility study for the mine and then …