Contribution By Saipriya Iyer


VSMPO-Avisma and Boeing open new titanium production unit in Russia

Russian company VSMPO-Avisma, which is the world’s largest titanium producer, and U.S. aircraft manufacturer Boeing have reportedly opened a new titanium manufacturing unit in the Sverdlovsk region of Russia’s Urals. The joint venture is expected to receive an investment of $82.3 million (5.5 billion roubles), …

Rhoads Energy to acquire four divisions of bankrupt Worley & Obetz

Rhoads Energy Corp, Lancaster-based heating and cooling resource provider is presently planning to acquire four divisions of Pennsylvania’s recently declared insolvent energy company, Worley & Obetz. Diesel Direct Inc., an energy company based in Massachusetts will be snagging its remaining assets. As per reliable sources, …