Irving-Based Alkegen Agrees to Sell Thermal Acoustic Solutions Unit to Regent LP

Irving-based Alkegen has agreed to sell its Thermal Acoustic Solutions business to global private equity firm Regent LP. The deal aligns with the company’s long-term strategy to advance its growing portfolio of specialty materials dedicated to sustainability and human health, according to Alkegan. “This divestiture allows us to focus all of Alkegen’s resources on our […]

Dow Awards Fluor Front-End Engineering and Design for its Proposed Net-Zero Ethylene and Derivatives Complex in Canada

Fluor (NYSE: FLR) announced today that it was awarded a reimbursable contract by Dow to provide front-end engineering and design (FEED) and engineering, procurement and construction management (EPCM) services for the world’s first net-zero carbon emissions (scope 1 and 2 carbon dioxide emissions) ethylene cracker and derivatives complex in Fort Saskatchewan, Alberta, Canada. Fluor will […]

Commercial Metals Co. Appoints Industry Veteran as New President

As part of its succession plan, Irving-based Commercial Metals Co. has appointed Peter R. Matt as president, effective April 1. He succeeds Barbara R. Smith who will remain chairman and CEO of the company. Matt will continue to serve on the company’s board, which he joined in June 2020. “We have every confidence in Peter […]