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Last updateSun, 04 Feb 2024 4am

Tyco completes acquisition of Industrial Safety Technologies

TycoTyco International has announced today that it has completed the acquisition of Industrial Safety Technologies (IST), a global leader in gas and flame detection, from Battery Ventures for $329.5 million in cash. On an annualized basis, this business is expected to generate approximately $140 million in revenue.

The combination of IST with Tyco's Scott Safety business will make Tyco one of the largest global designers and manufacturers of gas and flame detection products, offering customers a full range of safety solutions across both fixed and portable detection.

Tyco (NYSE: TYC) is one of the world's largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A company with $10+ billion in annual revenue, Tyco has over 57,000 employees in more than 900 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business.

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KBR wins Freeport, Texas Ammonia Plant EPC Contract

KBR has announced that it has executed an EPC contract with Yara International and BASF Group’s new joint production company to provide ammonia synthesis licensed technology and engineering, procurement and construction (EPC) to build a world-scale ammonia plant at BASF’s site in Freeport, Texas.

Upon completion, the ammonia plant will use KBR’s experienced EPC delivery and technology capabilities, including KBR’s ammonia synthesis process, to produce about 750,000 metric tons per year of ammonia.

“KBR is proud to continue our relationship with Yara and BASF through our performance on this project,” said Stuart Bradie, KBR President and CEO. “This project represents KBR's ability to bring world-class technology together with our engineering, procurement and construction skills to safely deliver complex energy projects in line with our strategy of differentiated EPC. This follows KBR’s successful track record on the U.S. Gulf Coast.”

KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia plants worldwide.

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Emerson announces new Chief Operating Officer

Emerson has announced the following senior management appointments and changes, effective after Emerson’s February 3, 2015 board of directors meeting:

Edgar M. (Ed) Purvis has been appointed the chief operating officer for Emerson. He will report to Chairman and CEO David N. Farr and will be a member of Emerson’s Office of the Chief Executive. Purvis has served as executive vice president and business leader for Emerson Climate Technologies since 2008. He began his Emerson career in 1983 at the Copeland business unit and has held positions of increasing responsibility at Copeland and Emerson Climate Technologies Refrigeration.

Edward L. (Ed) Monser will remain president of Emerson and continue to manage the company’s international business development and growth strategies and global shared service organizations. International sales represented 58 percent of the company’s fiscal 2014 revenue. Monser has been with the company for 33 years and has served as Emerson’s chief operating officer since 2001 and president since 2010.

Robert T. (Bob) Sharp has been appointed executive vice president and business leader for Emerson Climate Technologies. Sharp has been serving as vice president of profit planning for Emerson and most recently led the development and implementation of the company’s Perfect Execution strategy. Sharp joined Emerson in 1996 and has held positions of increasing responsibility at Emerson corporate and Emerson Process Management.

Frank L. Steeves, executive vice president, secretary and general counsel for Emerson, will also become a member of the company’s Office of Chief Executive. Steeves has been Emerson’s chief legal officer since 2007. Prior to joining Emerson, Steeves represented the company and many of its businesses as an outside attorney for nearly 20 years. Before going into private practice, he served as a staff attorney for the Wisconsin State Public Defender and in the U.S. Consumer Product Safety Commission.

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Power distribution automation market revenues to hit $10bn

Reuters: The revenues of global power distribution automation market, which reached $7.32 billion last year, are estimated to hit $10.33 billion in 2018, according to a new Frost & Sullivan analysis. The ‘Analysis of the Global Distribution Automation Market, said that with power interruptions resulting in huge economic losses of up to $150 billion annually, distribution automation presented a viable solution to ensure effective asset management, minimal interruption, and enhanced efficiency in the grid network.

As a result, distribution automation is quickly becoming a requirement for utilities, it said. Power demand and grid complexity will continue growing and utilities across the globe are turning to advanced automated solutions to protect assets, enhance reliability, and minimise operations and maintenance costs.

“Emerging countries hold significant potential for distribution automation vendors,” said Frost & Sullivan energy and environmental industry analyst.  “In India, transmission and distribution loss is estimated at over 20 per cent of produced power, while in Latin America, power distribution loss is estimated at over 16 per cent. Hence, governments are urging utilities to adopt automation solutions and boost grid efficiency.”

Meanwhile, the high initial costs of automation solutions restrain uptake. Integration of different types of vendors, including information technology providers, communication network suppliers and hardware suppliers is also crucial to create products that prepare automation companies to meet future demand.

“Distribution automation is in the early stages of its lifecycle and investments in complementary technologies enabling two-way communication, better asset management, and improved efficiency will help capitalise on the full potential of the technology,” said the analyst.  “The combination of technologies will yield significant benefits for all stakeholders.”

Courtsey: TradeArabia

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KBR awarded FEED Contract for Mosaic Ammonia Plant Revamp

KBR Inc., a world leader in ammonia technology, announced today that it has been awarded the license and engineering contracts to perform front end engineering and design for a potential expansion of Mosaic’s Ammonia Plant in St. James, La.

KBR’s “lean FEED” approach will debottleneck the plant and increase Mosaic’s ammonia production capacity by 20 percent at their plant located on the banks of the Mississippi, just south of Baton Rouge. KBR’s proprietary ammonia technology will be utilized to revamp and expand the original KBR designed plant. Additionally, KBR will provide the basic engineering design and the FEED requirements necessary to produce a final estimate prior to project approval.

“This is a significant win for KBR and we are pleased to be able to support Mosaic with both our leading technology and our technical and project delivery expertise,” said Stuart Bradie, KBR President and CEO. “We look forward to developing a broader relationship with Mosaic through successful execution.”

KBR has been involved in the licensing, design, engineering and/or construction of more than 230 ammonia plants worldwide.

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