News: Lanxess buys Chemours' Clean and Disinfect business; Axine Water closes $8 million financing with Asahi Kasei; Kinetico buys Selecto and SEMI book-to-bill ratio closes at 1.03 in August

By Mike Henley


Lanxess buys Chemours' Clean and Disinfect business

COLOGNE, Germany— Lanxess AG bought the Clean and Disinfect business of U.S.-based Chemours at the end of August for €210 million. The business makes active ingredients and specialty chemicals used for disinfection and hygiene solutions, including water treatment applications. Lanxess said it paid for the purchase through existing company funds...

Axine Water closes $8 million financing with Asahi Kasei

VANCOUVER, B.C., Canada—Axine Water Technologies has closed an $8 million (Canadian $) Series B financing with an investors’ group led by Japanese multinational Asahi Kasei Corp., and participation from existing shareholders: Chrysalix Energy Venture Capital, BDC Energy Venture Capital, and Roda Group...

Kinetico buys Selecto

NEWBURY, OH—Kinetico Inc. has bought Selecto Inc., an Atlanta-based manufacturer of high-quality commercial and residential water filtration products. The purchase price was not disclosed...

SEMI book-to-bill ratio closes at 1.03 in August

SAN JOSE, CA—Semiconductor Equipment and Materials International (SEMI) said North American-based manufacturers of semiconductor equipment posted $1.75 billion in global orders and $1.7 billion in billings, based on a 3-month moving average...

Facebook gets incentive offer for proposed data center’s water needs

ALBUQUERQUE, NM—Facebook would qualify for a $10 million in New Mexico Local Economic Development Act (LEDA) funding for a proposed data center, based on a proposed financing package approved by the Los Lunas Village Council here in late August, the Valencia County News-Bulletin reported...

Gradiant starts oilfield services unit

BOSTON—Gradiant, which specializes in industrial water treatment, said it has formed an oilfield services company, Gradiant Energy Services (GES). The new unit will provide services for the reuse and recycling of produced water used in the oil and gas industry...

H2O Innovation wins conference award

Quebec City, Quebec, Canada—H2O Innovation Inc. received the WateReuse Equipment/Manufacturer of the Year Award from the WateReuse Association, at the 31st annual symposium in Tampa, FL, in mid-September. This award recognizes the company’s contributions to the water reuse and desalination fields.


Water Planet

Shiladitya (Shil) Basu has joined Water Planet, Inc. as global director of sales the company’s membrane products, which were launched earlier this year...

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