IHS Chemical Week

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August 12, 2016
Songwon Industrial Group (Ulsan, South Korea), the second largest producer of polymer stabilizers, today announced a large increase in second-quarter earnings and revenues with net profit surging 448.4% to 15.59 billion South Korean won ($14.1 million), Ebitda 37.5% higher at 35.74 billion won and operating profit more than double to 23.79 billion won....
August 11, 2016
Hanwha General Chemical Co. Ltd (Seoul, South Korea) has scheduled a fourth-quarter turnaround at its Ulsan, South Korea, purified terephthalic acid (PTA) plant, a source tells IHS...
August 11, 2016
South Korea's purified terephthalic acid (PTA) producers are once again seeking new trade routes after the European Union initiated antidumping investigations on 3 August, and China extended its antidumping duties of 2-11.2% for another five years starting 11 August....
August 11, 2016
Duties on South Korea's PTA range from 2% to 11.2% with Hanwha General Chemical and Lotte Chemical at the lowest end of the scale. China has extended antidumping duties on purified...
August 10, 2016
PTT Global Chemical Public Co. Ltd. (PTTGC; Bangkok) reports second-quarter net profit fell 45%, to 4.9 billion baht ($141.6 million), on 41% lower sales of 65.5 billion baht. EBITDA was down 37%, to 10.1 billion baht, with EBITDA margin advancing 1%, to 15%....
August 10, 2016
Engineering and construction group Nuberg Engineering Ltd. (Noida, India) has been awarded an engineering, procurement, and construction contract on a lump-sum turnkey basis by...
August 10, 2016
Yara International ASA (Oslo, Norway) has announced that it has agreed to acquire Tata Chemicals Ltd.'s (TCL; Mumbai, India) Babrala, India, urea plant and distribution business for $400 million on a debt-and-cash-free basis, including normalized net working capital....
August 10, 2016
Indorama Ventures Public Co. Ltd. (IVL; Bangkok, Thailand), a major player in the polyester chain, reports consolidated second-quarter net profit rose 10%, to nearly 6.0 billion baht...
August 9, 2016
SRF Ltd.'s (Gurgaon, India) board has approved a 3.5–billion Indian rupees ($51.6 million) capital expenditure program for two separate projects, the company has...
August 9, 2016
BP is seeking to divest its 50% holding in Shanghai SECCO Petrochemical (SECCO), a major petrochemicals joint venture with Sinopec based at Caojing, China, according to Reuters, which cites people familiar with the matter....
August 8, 2016
Essar Oil Ltd. (Mumbai, India), an energy company, says it intends to invest 12 billion Indian rupees ($180 million) to upgrade its Vadinar, India, refinery over the next three years...
August 8, 2016
Deepak Fertilizers and Petrochemicals Corp. Ltd. (Pune, India), India’s leading producer of fertilizers and chemicals, says it will invest 5.5 billion Indian rupees ($82.3...
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