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March 18, 2013
09:04 EDTHON, WMBWilliams to build and operate PDH facility in Alberta, Canada
Williams (WMB) announced that it has sanctioned construction of a propane dehydrogenation, or PDH, facility in Alberta, Canada. The new PDH facility, the first and only in Canada, will allow Williams to significantly increase production of polymer-grade propylene from its Canadian operations. Williams is the only company in Canada currently producing polymer-grade propylene, a valuable petrochemical feedstock used in plastics manufacturing. The company estimates capital expenditures of up to C$900M to be funded with expected cash flow from its Canadian operation and international cash on hand. Pending appropriate permitting approvals, the PDH facility is scheduled to go into service in the second quarter of 2016. Williams has selected Honeywell’s (HON) UOP as the vendor to provide the UOP Oleflex process technology for the dehydrogenation process.
News For WMB;HON From The Last 14 Days
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November 24, 2015
10:41 EDTWMBOptions with increasing implied volatility: EMES WMB BRCM
November 23, 2015
12:26 EDTHONCredit Suisse removes General Electric from focus list after recent run-up
Shares of global industrial giant General Electric (GE) are lower in afternoon trading after Credit Suisse's Investment Policy Committee removed the company's shares from the U.S. Focus List. WHAT'S NEW: In a note to investors this morning, Credit Suisse analyst Julian Mitchel and team noted that the firm's Investment Policy Committee removed GE shares from the U.S. focus list after the recent upward move in shares. The firm, which added GE shares to its Focus List on September 16, said the catalysts that it highlighted at that time are now largely reflected in the share price. WHAT'S NOTABLE: Although it removed GE from its U.S. and Global Focus lists, Credit Suisse maintained its Overweight rating on shares and increased its price target to $34 from $31. The firm sees GE as just starting to accelerate measures to drive up its gross margins, whereas its sector peers have already been splitting, spinning off or selling assets to enhance their profit margins higher for years. With GE selling most of its capital intensive and low-to-no growth Capital business while redirecting capital to higher growth and higher margin industrial business, Credit Suisse said shares deserve a higher premium than its peers Honeywell (HON) and United Technologies (UTX). PRICE ACTION: Shares of General Electric are down 0.65% to $30.46 in midday trading.
November 19, 2015
07:30 EDTHONUBS to hold a conference
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November 16, 2015
18:42 EDTHONHoneywell to power Cessna's new Citation Longitude business jet
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07:03 EDTHONHoneywell acquires Satcom1
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05:45 EDTHONHoneywell Aerospace expects 9,2000 deliveries of new business jets through 2025
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