What does lummus technology do?
We are the leading licensor of proprietary petrochemical, refining, gasification and gas processing technologies, and a supplier of catalysts, proprietary equipment and related engineering services to customers worldwide.
Who bought Lummus technology?
McDermott
On January 21, 2020, McDermott entered into a share and asset purchase agreement for the sale of Lummus Technology with a joint partnership between Haldia Petrochemicals Ltd., a flagship company of The Chatterjee Group, and Rhône Capital.
What was the Lummus Cotton Gin?
Lummus Cotton Gin Company became the world’s largest independent gin manufacturer. Diversification into textile machinery and man-made fiber equipment was reflected in a name change to Lummus Industries, incorporated in 1970.
Is Lummus part of McDermott?
The sale of Lummus was part of McDermott’s comprehensive restructuring process, which McDermott successfully completed on June 30, 2020. Since the sale, McDermott and Lummus have continued to work together through their strategic agreement to bring customers technology solutions through the entire plant life cycle.
What companies does McDermott own?
McDermott Acquisitions / Subsidiaries Aptim Facilities, Inc. Asia Pacific Supply Co. Atlantis Contractors Inc.
Is McDermott private or public?
Private
McDermott International, Ltd is a global provider of engineering and construction solutions to the energy industry….McDermott International.
| Type | Private |
|---|---|
| Number of employees | ~40,000 (2021) |
| Footnotes / references |
Can you buy McDermott stock?
Buy McDermott International shares from these brokerages Trade stocks in the app or online with $0 commissions. Not available in NY, NV, MN, or TN. Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC.
Is McDermott an oil and gas company?
The oil & gas services company, J. Ray McDermott, discontinued use of the J. Ray McDermott brand; and continued its oil & gas services contracting under the name McDermott International. The company is led by Chairman, President, and CEO David Dickson.
Did McDermott go private?
McDermott International, Ltd is a global provider of engineering and construction solutions to the energy industry….McDermott International.
| Type | Private |
|---|---|
| Headquarters | Houston, Texas, U.S. |
| Number of employees | ~40,000 (2021) |
| Footnotes / references |
What happens to McDermott stock?
Following McDermott’s delisting from the New York Stock Exchange (NYSE), McDermott shares will continue to trade in the immediate term in the over-the-counter market place but they are proposed to be cancelled as part of McDermott’s restructuring.