Industrial Giants Make Strategic Moves Amid Industry Shifts

Honeywell Technologies has completed its acquisition of Johnson Matthey's Catalyst Technologies business for $1.759 billion, expanding its process technology portfolio in refining, petrochemicals, and renewable fuels.

The deal will enable Honeywell to deliver end-to-end solutions that help customers drive efficiency, reduce emissions, and accelerate energy security goals, according to Ken West, president and CEO of process technology at Honeywell Technologies.

Caterpillar is investing $3 million in training institutions and groups in Arkansas to support the growth of the manufacturing and technician workforce, with a focus on connecting training directly to employer needs.

Rolls-Royce has completed a decade-long investment of $1 billion in its Indiana manufacturing facilities, assembly, and test sites, which will produce engines for defense and commercial platforms, including the U.S. Air Force B-52 strategic bomber and the U.S. Army's MV-75 Cheyenne.

Olin and Huntsman shareholders have approved their previously announced all-stock merger of equals, creating OlinHuntsman, a vertically integrated manufacturer of chemical products and ammunition.