The government is to invest over £20bn in engineering, technology and science over the next three years, an increase in real terms of £1.8bn. This includes a 20% rise to £230m in the Department of Trade an Industry’s innovation budget and £26m for Smart awards to small firms.
ICI has completed the £1.7bn sale to US-based Huntsman of its titanium dioxide, polyurethane and selected petrochemicals businesses. A swap deal involving ICI’s £7m ceramics fibres business and J&J Dyson’s Dycat catalyst business has also been completed.
Cussons is bought
Trident Analytical has paid £10.5m for G Cussons Holdings, a Salford-based designer and manufacturer of engine emission and hydrodynamic test equipment. The deal was backed by Springboard Ventures, Phildrew Ventures, Bank of Scotland and Structured Finance North West.
The British Library’s science, technology and business reading rooms are now open. The opening completes the library’s move to St Pancras. Around 74% of the four million items consulted in the library’s reading rooms each year are in science, technology and medicine.
Glynwed pipes up
Glynwed is to buy Canadian thermoplastic pipe maker Ipex for C$520m (£224m) as part of a strategic shift into pipe systems. Ipex is one of the biggest thermoplastic pipe and fittings makers in north America.
Women on the web
An engineering web page for women has been launched by Women in Science, Engineering and Technology. It includes information on courses, funding and news. See: http://ntcrater.adc.shu.ac.uk
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