ABB officially inaugurated its fifth factory in Brazil in the presence of the Minister of Development, Industry and International Business, Mauro Borges, and the Governor of São Paulo Geraldo Alckmin. The new plant is part of a $200 million investment to expand ABB’s technology development and production capacity to serve increasing domestic demand from industries such as petrochemicals, pulp and…
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Astec Update
March 4, 2014 – Astec Industries’ President Benjamin Brock updated the industry on the company’s activities including the news that Astec’s 17 companies are approaching $1 billion in sales. Other news included an update on the company’s new plant in Brazil.
Read MoreHolcim Reports Mixed Results
Holcim reported that global economic trends remain subdued despite significant growth in several emerging markets and improved economic data from the U.S. Demand for construction materials fell in key markets such as India, Mexico, Canada, and to a lesser extent, Brazil, while Europe stabilized.
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