DowDuPont Inc., formed by the combination of the largest U.S. chemical makers, reported preliminary third-quarter profit that beat analysts’ estimates as prices climbed and demand rose in most of its markets.
On Tuesday, Covestro surged another 6 percent, hitting an intraday record, after it reported a healthy 660 million euros ($775 million) of free cash flow in the third quarter and announced a 1.5 billion-euro share buyback.
Owens Corning today announced that it has signed an agreement with CVC Capital Partners to acquire Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe, for an enterprise value of approximately €900 million.
Project Frog has announced an alliance with Autodesk to develop a transformational cloud-based platform to standardize and simplify data flow between the architecture studio, the factory and the jobsite.
U.S. Secretary of Commerce Wilbur Ross has identified 20 sets of regulations and permitting issues as being a top priority for reform and immediate action to begin unleashing of the domestic manufacturing industry.