IHS Chemical Week

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January 30, 2014
Celanese says that it has appointed Jimmy Yu as managing director for Celanese Korea. He will be based at Seoul, and will oversee the company's commercial, government affairs, industry...
January 29, 2014
SK Innovation’s subsidiary SK Incheon Petrochem has suspended construction work on a para-xylene (p-xylene) project at Incheon, South Korea, reports say citing an...
January 27, 2014
LG Chem reports a 39.5% decline in net profits for the fourth quarter of 2013 compared with the year-ago period, to 176.9 billion South Korean won ($163.3 million). Fourth-quarter...
January 24, 2014
Praxair announced on 23 January that it has signed a long-term contract with Taewoong Steel Co. (Daegu, South Korea) to supply high-purity oxygen to that company’s steel mill...
January 22, 2014
LG Chem (Seoul), Korea’s largest chemical company, says that it has secured patent rights from Europe and Japan on its proprietary safety-reinforced separator (SRS) technology...
January 21, 2014
Henkel says that its Henkel Korea subsidiary has opened a new technical center at Seoul. The Henkel Korea Technical Center will focus on the development of lamination adhesives and...
January 20, 2014
BASF's first Ultrason plant outside of Germany. BASF says that it has opened its previously announced new plant at Yeosu, South Korea, to strengthen the supply of Ultrason...
January 14, 2014
Saudi Aramco will spend $2 billion to acquire Hanjin Energy’s stake in S-Oil (Seoul), Korea’s third largest oil refiner and a major producer of para-xylene (p-xylene)...
January 7, 2014
AkzoNobel says it has divested its primary amides business to PMC Group (Mount Laurel, NJ). Financial details of the transaction have not been disclosed. The deal includes a...
January 14, 2014
LG Chem (Seoul), South Korea’s largest chemical company, says that it will invest 320 billion South Korean won ($304 million), to increase production capacity for acrylic acid at...
December 18, 2013
Yara says it has signed shipbuilding contracts with Hyundai Mipo Dockyard (Ulsan, South Korea) for the construction and delivery of two medium-size liquefied petroleum gas carriers...
December 18, 2013
ZBB Energy (Menomonee Falls, WI), a developer of renewable energy power platforms and hybrid vehicle control systems, says it has entered into a new product development partnership and...
December 16, 2013
BASF says that it will build a compounding plant at Yesan, Chung Nam Province, South Korea, for its engineering plastics Ultramid and Ultradur. Construction on the plant is expected to...
December 13, 2013
Handok (Seoul) announced today that it has agreed to buy the pharmaceuticals business of Korea’s leading cosmetics company Amore Pacific (Seoul). Handok agreed to pay 57.5...
November 29, 2013
Sumitomo Chemical announced today that it is raising its stake in Samsung Sumitomo LED Materials (SSLM) from 50% to 80.1% for an undisclosed sum. The deal is expected to be finalized...
November 26, 2013
SK Global Chemical, through a strategic alliance with Mitsubishi Chemical, plans to build an acrylic acid plant at Ulsan, Korea by 2016. The plant will be designed to produce 160,000...
November 26, 2013
Songwon (Ulsan, South Korea) reported 8.31 billion Korean won ($7.82 million) in profit during the third quarter, the company reported today, 46% higher year-on-year. Ebitda stood at 10.71 billion won, about 40% below Ebitda for the third quarter last year. Sales meanwhile rose 0.8% Y-O-Y to 175.8 billion won. "This has been a tough quarter but, once again, we have continued to demonstrate our growth potential. We have been able to offset softening selling prices with raw material prices following the same trend, however we do not expect this to continue as economies start to rebound," Jongho Park, chairman and CEO of Songwon....
November 14, 2013
Songwon Industrial (Ulsan, South Korea) reports a 45.8% rise in net profits for the third quarter of 2013 compared with the corresponding period of the previous year, to 8.30 billion...
November 14, 2013
Toray Industries says its wholly owned Toray Advanced Materials Korea (TAK; Seoul) subsidiary entered into an agreement on 6 November with Woongjin Holdings (Seoul) and other...
November 8, 2013
Versalis (Milan) and Lotte Chemical (Seoul) announced today that they have established a 50-50 joint venture, Lotte Versalis Elastomers. The news follows an agreement signed last year...
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