Industry news of the polymerindustry - RFP Rubber Fibres Plastics

VIETNAM: Bridgestone starts work on Hai Phong tyre plant

Bridgestone Tyre Manufacturing Vietnam, an affiliate of Japan's Bridgestone Corporation, on 1 Feb. was granted an Investment Certificate to build a car tyre manufacturing plant in Hai Phong City's Dinh Vu Industrial Zone.

MALAYSIA: Some 11,000 smallholders in Sarawak apply to plant rubber

A total of 11,238 smallholders in Sarawak have applied to plant rubber as a new crop and undertake replanting in 24,197 hectares with high-yield clones.

KUWAIT: PIC partnering with Equate to build proposed Olefins III project

Kuwait’s Petrochemical Industries Co. (PIC) is still planning to build its Olefins III complex and will cooperate with Equate to carry out the project, the Kuwait News Agency reported.

CHINA: LyondellBasell licenses Hostalen process for Shaanxi Yanchang’s HDPE project

LyondellBasell says it has granted Shaanxi Yanchang Petroleum Yanan Energy and Chemical a Hostalen ACP (Advanced Cascade Process) technology license for a new high-density polyethylene (HDPE) plant being built in China’s Shaanxi Province.

SRI LANKA: Rubber planting subsidy extended

The Rubber Development Department (RDD) in collaboration with Sri Lanka Treasury have extended the "rubber new planting and re-planting state subsidy" for this year in an effort to facilitate and empower local rubber smallholders and regional plantation companies.

SOUTH KOREA: LG Chem to make record investments

LG Chem, Korea’s largest chemical firm, plans to make a record investment this year as it sees an upturn in its business.

High operating profit at Lanxess

Although the annual accounts for 2011 are still pending, Dr. Axel C. Heitmann, Chairman of the Board of Management of Lanxess, dared the statement during the company's New Year's reception in Berlin, Germany, in front of representatives from politics, science, industry, and the media, that the operating profit for the past year probably exceeds 20 %.

NPE2012: Extended deadline for International Plastics Design Competition (IPDC)

The SPI Society of the Plastics Industry has extended the deadline for submissions to the 2nd International Plastics Design Competition (IPDC).

Eastman to acquire Solutia

Eastman Chemical Company and Solutia Inc. announced that they have entered into a definitive agreement, under which Eastman will acquire Solutia, a global performance materials and speciality chemicals company.

PHILIPPINES: Chemical exports to exceed $2 billion

Chemical product exports, one of the country’s sunniest non-electronics export sectors, are expected to exceed $2 billion this year on back of new investments and the expected economic boom.

THAILAND: Rubber agencies to unite into single organisation

Rubber traders and farmers support the initiative to integrate three rubber-related state organisations into a single agency for better efficiency.

Omnova Solutions announces price increase for carpet chemicals

Omnova Solutions announced a price increase of USD 0.12 per dry pound on styrene butadiene (SB) latex for carpet and related markets, effective 18 February 2012.

CAMBODIA: University expands its faculty for rubber

Following rising yields from plantations and growing demand from global markets, rubber will receive its own faculty at the Royal University of Agriculture (RUA) by mid-year, officials said.

SIERRA LEONE: Chinese investors to boost rubber production

A group of Chinese companies have expressed interest in boosting the rice and rubber production in Sierra Leone's agricultural sector, says the minister of agriculture forestry and food security at the ministry's conference hall in Freetown.

PHILIPPINES: Petron awards Foster Wheeler contract for Bataan refinery upgrade project

Petron has awarded Foster Wheeler an engineering and procurement contract for a 37,500-b/d delayed coker unit being built as part of the Petron Refinery Master Plan-2 project in Bataan, the Philippines.

INDONESIA: Sime Darby purchases rubber tapper Indo Sukses

Conglomerate Sime Darby Bhd is acquiring an Indonesian company operating in the forestry industry, PT Indo Sukses Lestari Makmur, through the Malaysia-based firm’s wholly-owned subsidiary PT Minamas Gemilang.

Troester to exhibit at Tire Technology Expo 2012

Troester GmbH & Co. KG announced that it will – as in previous years – exhibit at Tire Technology Expo 2012, which will take place from 14-16 February in Cologne, Germany.

Cancarb and NRC expand Thermax distribution partnership to Czech and Slovakia

Cancarb Limited and Nordmann, Rassmann GmbH (NRC) have expanded their partnership for the distribution of Cancarb’s Thermax brand thermal carbon black products to include Czech and Slovakia effective from 1 March 2012. Currently, NRC distributes the Thermax product range in Germany, Austria and Switzerland.

THAILAND: Rubber advances as government approves purchase plan for growers

Rubber prices rose on 24 Jan. 2012 after Thailand, the world's largest producer, approved a plan to buy the material at above-market rates to boost farm incomes and higher oil prices improved the appetite for the raw material in tyre production.

UZBEKISTAN: ADB to Help Develop Uzbekistan's Largest Petrochemical Plant

The Asian Development Bank (ADB) has approved a loan and political risk guarantee totaling up to USD 400 million to help build the largest-ever petrochemical plant in Uzbekistan.

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