NEWS

Manufacturing

3M Latest Entrants Into Electric Car Race

Business

Category: Automobile / Transport

Automakers and popular ride-hailing apps aren’t the only companies looking to cash in on the shift to electric and self-driving vehicles. Old-line industrial companies outside Detroit and Silicon Valley are, too. Manufacturing giant 3M Co., which makes Post-It notes and thousands of other products, and paint maker PPG Industries Inc. are among the manufacturers racing […]

Source: Fox Business


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AmCham Member Company Profile: Air Products Norway – Climate Cleaning Technology

AmCham

Category: AmCham Norway

Pioneering nitrogen membrane technology worldwide, Kristiansand-based Air Products was the world’s first company to commercialize nitrogen separation on board ships and offshore installations. Developing the existing technology, they are now piloting carbon dioxide capturing, as their installations — that enable CO2 separation from coal-fired power plants and the cement industry —literally purify the air. Air […]

Source: AmCham


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Norsk Hydro – Acquisition of Sapa completed

Business

Category: Chemicals / Metals

Norsk Hydro’s acquisition of Orkla’s 50% ownership in Sapa was completed today, October 2, giving Hydro full ownership in the global leader in extruded aluminium solutions and making Hydro a leading force in the global aluminium industry.  The combination makes Hydro the only global company in the aluminium industry that is fully integrated across the […]

Source: Nasdaq


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Kongsberg Automotive’s Easley plant to be closed

Business

Category: Automobile / Transport

At KA’s Capital Markets Day in November 2016, Kongsberg Automotive outlined it’s plan for improving its performance. This plan included closing down 6 plants, mainly within the Powertrain and Chassis products segment in Europe. True to this plan, KA has decided that the Easley plant in the US will be closed, and that operations at […]

Source: Automotive World


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Jotun Continues to Grow

Category: Business News

In the first eight months of 2016, Jotun recorded sales of NOK 10.9 billion and an operating profit of NOK 1.7 billion. To help secure long-term growth, the company continues to pursue investments in new production capacity and product innovation, both in Norway and other key markets. Jotun recorded a two per cent increase in […]

Source: Hellenic Shipping News


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