On Friday, Shares of Honeywell International Inc. (NYSE:HON), lost - 3.66% to $98.92.
Honeywell Company, declared that Shandong Chambroad Holding Co., Ltd. has become the first company in China to commission a combined C3/C4 dehydrogenation unit to meet growing demand in Asia for plastics, high-octane gasoline and synthetic rubber.
The new unit, which is the first of three in China, uses Honeywell UOP’s C3/C4 Oleflex™ process technology to produce propylene, a building block for making plastics, packaging and synthetic fiber, and isobutylene, a component used for high-octane gasoline and synthetic rubber. The unit, which is only the second of its kind in the world, successfully started up in May and all production targets have been accepted. Two other Chinese producers have also licensed the technology for start up in 2017.
“As the demand for transportation fuels and petrochemicals continues to grow in China, petrochemical companies there see a real benefit from integrating processes,” said Mike Millard, vice president and general manager of Honeywell UOP’s Process Technology and Equipment business. “The start up of the first combined C3/C4 Oleflex unit in China is a milestone in the region’s petrochemical production, and it will assist Chambroad manage market conditions more efficiently.”
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment provides aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers and operators, airlines, military services, and defense and space contractors; and spare parts, and repair and maintenance services for the aftermarket.
Shares of AGL Resources Inc. (NYSE:GAS), declined -1.42% to $47.86, during its last trading session.
AGL Resources Inc., declared a quarterly dividend rate of $0.51 per share on the company`s common stock. The dividend will be paid on September 1, 2015 to shareholders of record at the close of business on August 14, 2015. This marks the 271st successive quarterly dividend the company has paid since 1948.
AGL Resources Inc., an energy services holding company, distributes natural gas to residential, commercial, industrial, and government clients in Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. It operates through four segments, Distribution Operations, Retail Operations, Wholesale Services, and Midstream Operations segments.
Finally, Unilife Corp (NASDAQ:UNIS), ended its last trade with -2.99% loss, and closed at $1.30.
Unilife Corporation declared that a former employee has agreed to dismiss all of his claims against the Company and has issued a public apology for bringing his claims. The case, Talbot Smith v. Unilife Corp. et al, No. 13-CV-05101, filed in the United States District Court for the Eastern District of Pennsylvania, has been dismissed in its entirety with prejudice.
The former employee issued the following apology while dismissing the case: “I would like to correct issues arising from claims I brought against Unilife. I now understand that there were no violations of FDA regulations during my tenure at Unilife. In addition, in the summer of 2011, Unilife issued press releases, which stated that they had begun shipments of validated Unifill product to customers. I now understand that the production process was in fact validated. Claims I brought were made in error and I apologize to Unilife, its shareholders, business partners and employees.”
Unilife Corporation designs, manufactures, and supplies injectable drug delivery systems in the United States and internationally. The company offers Unifill, a pre-filled syringe with integrated, automatic, and user-controlled retraction; Unifill Finesse, an integrated, automatic, and user-controlled retraction with standard plunger seal and plunger rod; Unifill Select, which allows an end-user to select and attach a needle at the time of injection; Unifill Nexus that is equipped with an integrated luer adapter to provide connectivity with needleless luer access devices; and Unifill Allure, which combines universal luer connectivity with automatic, user-controlled needle retraction.
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