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Headlines July 14th - July 18th
Bio-Soluble Advance Announced by Thermal Ceramics
After more than 10 years of market success with its ground breaking bio-soluble technology Superwool 607, Thermal Ceramics has announced that is now ready to take the next step.Gengsheng Awarded $1.46 Million Fracture Proppants Contract by PetroChina
China Gengsheng Minerals Inc (Gongyi, China) has signed a US$1.46 million fracture proppants supply contract with the China National Petroleum Corporation (CNPC) Jidong Oil Field in Tangshan, Hebei province.Ceradyne to Acquire SemEquip
Ceradyne Inc (Costa Mesa, CA, USA) has signed a definitive Agreement and Plan of Merger to acquire SemEquip Inc for approximately US$25 million in cash at closing, plus contingent payments of up to US$100 million during the 15-year period following completion of the merger based upon revenues achieved over that period by SemEquip.CoorsTek Introduces PlasmaPure-UC™ Ultra-Pure Alumina
CoorsTek Inc has officially released its newest ultra-high purity ceramic material designed specifically for extreme duty semiconductor applications.Blackouts Cut Tile Production in Central Vietnam
According to Thanh Nien, power outages in recent months cut production output and damaged machines and goods at Vietnamese central province businesses, but state monopoly power supplier Electricity of Vietnam (EVN) says the power shortage is far from over.LSR Group Ties Up Deal With TECTON
In the course of the implementation of its previously announced project to construct Russia’s largest brick plant, OJSC Pobeda LSR (an LSR Group company) has entered into a contract for the supply of a line of special ceramic products with TECTON GmbH Keramikanlagen, Germany.SITI–B&T Group and MELCO Cooperate in Russia
SITI–B&T Group has recently signed an exclusive distribution contract with the Italian company MELCO that through its Russian partner OOO INTERKER (Moscow) will be responsible for the stocks management, the sale and distribution of the original spare parts and providing technical support in order to assist customers in...Hofmann Group Now Part of IFGL Refractories
IFGL Refractories (Kolkata, India) has successfully completed the acquisition of Hofmann Group of Companies. An SPV by the name of IFGL GmbH, a 100% subsidiary of Monocon International Refractories Ltd (UK based) has been formed which acquired a 96.16% shareholding of Hofmann Ceramics GmbH and a 100% of partnership interest of Hofmann OHG, Germany.Mohawk Industries Announces New Earnings Guidance
Mohawk Industries Inc (Calhoun, GA, USA) – owner of US ceramic tile giant Dal-Tile – has announced that it now estimates second quarter 2008 guidance for earnings per diluted share to be in the range of US$1.23 to US$1.26.New Coating Formulation Drastically Reduces Downtime
Belzona Inc (Miami, FL, USA), a leading provider of coatings and repair composites, has announced significant improvements to an existing protective coating which allow it to further cut down time, thereby reducing cost to the customer.Sealed Air Launches New Ceramic Packaging
Sealed Air, the leading manufacturer of protective packaging has launched a new range of packaging especially for the ceramics industry – The Instapack Quick Kit.