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July 27, 2015
Toray Industries says that its wholly owned subsidiary Toray Advanced Materials Korea (TAK; Seoul) has completed the previously announced tender offer to acquire additional shares in...
http://www.chemweek.com/regions/north_asia/korea/Toray-completes-tender-offer-for-additional-shares-in-former-Woongjin-Chemical_72442.html
July 27, 2015
Songwon Industrial (Ulsan, South Korea) says that it will increase the prices for its entire range of phenolic antioxidants globally by 5%. The increase is effective for all orders...
http://www.chemweek.com/regions/north_asia/korea/Songwon-increases-prices-for-phenolic-antioxidants_72435.html
July 23, 2015
SK Innovation (Seoul) on Thursday reported a return to profit in the second quarter on better refining margins. Consolidated net income in the period to end of June 2015 reached 587.5...
http://www.chemweek.com/regions/north_asia/korea/SK-Innovation-swings-to-profit-listing-lubricant-business-no-longer-a-priority_72383.html
July 23, 2015
Shin-Etsu Chemical posted a 14.3% increase in net profit for its fiscal first quarter, ended 30 June—compared with the year-earlier quarter—to ¥37.6 billion, on sales...
http://www.chemweek.com/regions/north_asia/japan/Shin-Etsu-posts-higher-profit-sales_72394.html
July 22, 2015
Shaoxing Yuandong Petrochemical (Shaoxing, China) has filed for liquidation. The company says it lacks the ability to repay debt due for repayment. The company held a provisional...
http://www.chemweek.com/regions/north_asia/China-PTA-company-files-for-liquidation_72359.html
July 22, 2015
GS Engineering & Construction (Seoul) has signed a contract with Korea Petrochemical Industry Co. (KPIC; Seoul) to expand a naphtha South Korea, the engineering firm says in a...
http://www.chemweek.com/regions/north_asia/korea/GS-Engineering-to-expand-cracker-aromatics-complex-in-South-Korea_72357.html
July 22, 2015
S-Oil (Seoul), a major oil refiner and producer of aromatics, on Wednesday reported an increase in second-quarter earnings. The company, a subsidiary of Saudi Aramco, says  that...
http://www.chemweek.com/regions/north_asia/korea/S-Oils-second-quarter-earnings-soar-sales-are-down_72353.html
July 22, 2015
Mitsui Chemicals on Wednesday said it has revised its sales and earnings forecast for the first half of the year, covering 1 April–30 September, to reflect improved business...
http://www.chemweek.com/regions/north_asia/japan/Mitsui-Chemicals-upgrades-earnings-forecast-on-high-naphtha-cracker-operating-rates_72348.html
July 20, 2015
Hanwha Chemical (Seoul) has merged its Hanwha Compound and Hanwha Next subsidiaries under the Hanwha Compound business, according to local news reports. The combined entity will...
http://www.chemweek.com/regions/north_asia/korea/Reports-Hanwha-Chemical-merges-compound-business-units_72308.html
July 17, 2015
A tight market may prompt US purified terephthalic acid (PTA) consumers to look at Asia as an alternative for para-xylene (PX), according to IHS Chemical. Discussions have emerged this...
http://www.chemweek.com/regions/north_asia/korea/Asian-PX-market-emerges-as-likely-candidate-for-alternative-to-US-consumers_72295.html
July 17, 2015
LG Chem (Seoul) reports a 56% increase in second-quarter net profits compared with the corresponding period of last year, to 352.9 billion South Korean won, on sales down 14%, to...
http://www.chemweek.com/regions/north_asia/korea/LG-Chem-posts-big-hike-in-profits-but-sales-dip_72275.html
July 17, 2015
Mitsubishi Chemical Holdings has announced that it will begin a detailed review to integrate its three chemical operating companies, Mitsubishi Chemical Corp., Mitsubishi Plastics, and...
http://www.chemweek.com/regions/north_asia/japan/Mitsubishi-Chemical-will-merge-three-companies-to-fend-off-competition_72273.html
July 17, 2015
Axens (Paris) has been awarded several contracts for expanding residue conversion facilities at S-Oil’s Ulsan, South Korea, refinery. S-Oil, a subsidiary of Saudi Aramco, is...
http://www.chemweek.com/regions/north_asia/korea/S-Oil-awards-contracts-to-Axens-as-part-of-petchems-diversification_72271.html
July 17, 2015
DuPont has signed a licensing agreement with Jilin Province New Tianlong Industry Co. (NTL; Siping, China) to begin developing China’s largest cellulosic bioethanol manufacturing...
http://www.chemweek.com/regions/north_asia/DuPont-licenses-cellulosic-bioethanol-technology-to-Chinese-firm_72270.html
July 15, 2015
South Korea’s exports of benzene increased significantly in the first half of 2015 compared with the same timeframe in 2014, according to data obtained by IHS Chemical. Total...
http://www.chemweek.com/regions/north_asia/korea/South-Koreas-benzene-exports-surge-in-first-half-of-2015_72169.html
July 15, 2015
UOP has licensed its Advanced methanol-to-olefins (MTO) process to Better Clean Energy, a subsidiary of Better Holdings Group (Dongying, China). Better Clean Energy intends to use the MTO process to produce 300,000 m.t./year of ethylene and propylene at a new facility in Shandong Province, China. Startup is slated for 2016, says UOP....
http://www.chemweek.com/regions/north_asia/UOP-issues-fifth-MTO-license-in-China_72144.html
July 14, 2015
Total global semiconductor manufacturing equipment sales are expected to grow by 7.1% year-on-year (YOY) during 2015, to about $40.2 billion, according to figures released today by...
http://www.chemweek.com/regions/north_asia/korea/Semi-Global-semiconductor-equipment-market-to-grow-7-1-percent-in-2015_72148.html
July 14, 2015
The Ministry of Commerce (Mofcom; Beijing) has launched an investigation into the possible dumping in China of acrylic fiber originating in Korea, Japan, and Turkey. Mofcom will try to...
http://www.chemweek.com/regions/north_asia/China-launches-dumping-probe-into-acrylic-fiber-from-Korea-Japan-Turkey_72133.html
July 14, 2015
Teijin says that its wholly owned subsidiary Toho Tenax (Tokyo), which is involved in the carbon fibers and composites business, has developed Tenax XMS32, a new grade of carbon fiber...
http://www.chemweek.com/regions/north_asia/japan/Teijin-develops-new-grade-of-carbon-fiber_72125.html
July 14, 2015
Albemarle will cease production of n-butyllithium at New Johnsonville, TN, by the first quarter of 2016 and shift production to existing plants in Germany and Taiwan. The New Johnsonville facility will continue to manufacture some specialty lithium products, says the company. The facility will support blending operations for customers in North America....
http://www.chemweek.com/regions/north_asia/taiwan/Albemarle-to-consolidate-butyllithium-production-in-Germany-Taiwan_72122.html
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