Alcoa Inc (NYSE:AA) is retailing its stake in a South Carolina aluminum smelter to Century Aluminum Corporation for $67.5 M. New York developed Alcoa declared in an announcement that while Mt. Holly is a powerful capacity, it doesn’t reach its portfolio targets. Chicago developed Century Aluminum declared on last day that due to purchasing Alcoa’s 50.3 % stake marks it the complete owner of the smelter. The Mt. Holly smelter is situated in Goose Creek, South Carolina, and has ability to manufacture 229,000 metric tons of aluminum yearly. The contract calls for a $67.5 M cash payment addition a possible earn out, which is a sum if an attained property come at definite profit targets. It is aimed to end in the 4Q of 2014.
Air Products & Chemicals, Inc.(NYSE:APD) is constructing a hydrogen laboratory at its business HQs in Allentown, Pa., that will hold the most speed developing oil recovering manufacturing firm. A basic principle of the fresh laboratory is a hydro treatment element ability of acting high pressure and high temperature reactions of hydrogenation. Air Products will utilize the fresh hydrogen laboratory, which is listed to be working in the 3Q of 2015, to support oil recoveries enhance their hydro treatment procedures. Air Products’ fresh hydro treatment element has been made to examine the hydrogenation of numerous feedstock’s above constant movement fixed-bed catalytic apparatus. The firm will utilize the hydro treatment unit to estimate for its consumers the effect of feed quality, catalysts, and other working factors on product excellence and economic developments.
Rice Energy Inc (NYSE:RICE) will conduct a conference call on November 12, 2014 at 10:00 a.m. Eastern time to talk about 3Q 2014 financial and working outcomes. The webcast can be approachable through website A repeat of the conference call will be accessible subsequent the call for 2 weeks and can be retrieved from company website. Rice Energy deriving base has been raised from $385M to $550 M, according to a filing with the United State Securities and Exchange Commission .developed in South pointe, nearby Pittsburgh, Rice had a ordinary, double yearly redetermination with its investors, comprising Wells Fargo & Co, which is organizational manager, the filing stated that 4 fresh investors were additional to the bank team, but they were not recognized in the filing.