The Committee on Foreign Investment in the US (CFIUS) has completed its review of the proposed sale by Babcock & Wilcox (B&W) of the MEGTEC and Universal businesses to Dürr AG.
According to the CFIUS, there are no unresolved national security concerns with respect to the sale, opening the way for B&W and Dürr to complete the transaction, which is expected shortly.
The MEGTEC and Universal businesses will be combined with Dürr’s current exhaust-air purification technology business to form a new environmental technologies group with annual sales of around €400 million and 1500 employees.
MEGTEC offers a range of emissions control technology for various industries, including the cement industry. Its products include fabric filters, wet and dry electrostatic precipitators (ESPs), and selective catalytic and selective non-catalytic reduction (SCR/SNCR) systems.
Read the article online at: https://www.worldcement.com/product-news/03102018/cfius-approves-megtec-and-universal-sale/
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
The cement industry has recently recognised Roanoke Cement Company (RCC) with top honours for Outreach in the 2020 Portland Cement Association (PCA) Cement Industry Energy and Environment Awards.
