INDONESIA: Plastics maker Impack Pratama forecasts slower profit growth in 2015
Impack Pratama Industri, a newly listed construction materials and plastic manufacturer, forecasts slower profit growth next year as the company gears up its expansion plans.
Visteon to sell ownership interest in HVCC to Hahn & Co. and Hankook Tire
Visteon Corporation has agreed to sell its approximately 70 % ownership interest in Halla Visteon Climate Control Corp. (HVCC) to an affiliate of Hahn & Company, a South Korea-based private equity company, and Hankook Tire Co. Ltd. for approximately USD 3.6 billion.
KUWAIT: Kuwait National Petroleum considering merging Al-Zour refinery, PC complex
Kuwait National Petroleum Co. (KNPC) is considering combining its planned Al-Zour Refinery with the production of petrochemicals, according to Kuwait News Agency quoting KNPC Chief Executive Mohammad Al-Mutairi.
OMAN: Ompet Inks Deal for land in Sohar as site for new PTA, PET project
Oman International Petrochemical Industry Co. (Ompet) has signed an agreement with Sohar Port and Freezone in which Ompet will lease land at the Sohar Industrial Port in Oman for the production of purified terephthalic acid (PTA) and polyethylene terephthalate (PET).
WORLD: Malaysia, Indonesia, Thailand join efforts to stop world rubber price decline
Malaysia, Indonesia and Thailand are intensifying their efforts to help stop the decline in world rubber price which is affecting their economies and planters.
THAILAND Traders welcome 'Rubber Fund' as good step to push up prices
Rubber traders have welcomed the planned Bt420-million "Rubber Fund" as a good start to ensure a brighter outlook for their industry, hoping that it could help shore up prices of the commodity.
NETHERLANDS: Muntajat BV inaugurates Hague HQs
Muntajat BV, the international marketing subsidiary of Qatar Chemical and Petrochemical Marketing and Distribution Co. (Muntajat), has inaugurated its headquarters in the World Trade Center in the Hague, Netherlands.
THAILAND: SCG Chemicals investing to develop Rayong as 1st Thai eco-friendly industrial estate
SCG Chemicals Co. has invested nearly 10-billion baht to develop its Map Ta Phut complex in Rayong, Thailand, as the country’s first eco-friendly industrial estate.
Ashland completes sale of its elastomers business to Lion Copolymers
Ashland Inc. announced it has completed the sale of its elastomers business, based in Port Neches, TX, USA, to Lion Copolymer Holdings, LLC. Financial terms were not disclosed.
SINGAPORE: Borouge opens Singapore warehouse to cater to Southeast Asian demand
Borouge has established a new Asia regional warehouse in Singapore to meet the rising demand in Southeast Asia and support its global growth strategy.
Victrex eröffnet neue Produktionsanlage für PEEK-Folien
Victrex hat rd. 16 Mio. GBP (~ 20,1 Mio. EUR) in ein neues Gebäude und eine zweite Produktionslinie zur Herstellung seiner Aptiv-PEEK-Folien investiert. Details zur Kapazität der neuen Produktionsanlage wurden nicht bekannt gegeben.
FAR EAST: KBR wins contract from Lotte Chemical to supply catalytic olefins technology
KBR said it recently won a contract from Lotte Chemical Titan to provide licensing and basic engineering design services to revamp an existing steam cracker in the Asia Pacific region.
KOREA (SOUTH): Samsung selling chem, defense stakes to Hanwha Group for 1.9-trillion won
Samsung Group has entered into an agreement to sell four chemical and defense affiliates to Hanwha Group for a total of 1.9-trillion won (USD 1.72-billion).
DuPont to sell Neoprene business to Denka Performance Elastomer LLC
DuPont Performance Polymers and Denka (Denki Kagaku Kogyo Kabushiki Kaisha) announced they have signed a definitive agreement to sell DuPont Neoprene polychloroprene to Denka Performance Elastomer LLC, a new joint venture company owned 70 % by Denka and 30 % by Mitsui & Co., Ltd. The sale is expected to close in the first half of 2015 pending receipt of customary regulatory approvals. Financial terms of the deal were not disclosed.
PolyOne buys speciality assets from Accella
PolyOne announced the acquisition of speciality assets from Accella Performance Materials, a North American manufacturer of liquid polymer formulations, for a purchase price of USD 49 million.
VIETNAM: Kim Bao Son builds second medical glove factory
Kim Bao Son International Ltd., of Taiwan, officially launched the construction of its second medical glove factory in southern Dong Nai Province on 2 December 2014.
SRI LANKA: Government encourages rubber trade facilitation
The government is vigorously persuading trade facilitation efforts, including preferential trade agreements that encourage export of rubber products to expanding markets, Industry and Commerce Ministry Secretary Anura Siriwardena said.
VIETNAM: Synthetic fiber manufacturer to hold IPO
Century Synthetic Fiber Corporation plans to make its initial public offering (IPO) of shares on 9 December 2014 and get listed at the HCM City Stock Exchange after that.
THAILAND: Thai agriculture ministry to launch overall rubber reform
Deputy Agriculture and Cooperatives Minister Amnuay Patisae promised to launch a national rubber reform program and seek cooperation from neighboring countries to increase the global rubber price.
CHINA: Tire firms urge government to fight US action
The tire industry has urged the government to take decisive measures against the anti-dumping and countervailing duties imposed on tires imported from China after the United States Department of Commerce claimed on 24 Nov. 2014 that Chinese manufacturers benefited from government subsidies.
More news can be found in the Archive
More news can be found in the Archive
DuPont Performance Polymers and Denka (Denki Kagaku Kogyo ...
The Hanover-based German company Troester GmbH & Co. KG will ...
Smithers Rapra has announced the programmes for the 2014 ...
BASF announced that it will expand the production capacity ...
Impack Pratama Industri, a newly listed construction ...
Mazda Motor Corporation has developed a bio-based ...