IHS Chemical Week

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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....
http://www.chemweek.com/regions/north_asia/korea/Songwon-third-quarter-profit-up-over-46-percent_56956.html
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...
http://www.chemweek.com/regions/north_asia/korea/Songwon-reports-rise-in-profits_56694.html
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...
http://www.chemweek.com/regions/north_asia/korea/Toray-to-acquire-majority-stake-in-Woongjin-Chemical-for-$402-million_56687.html
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...
http://www.chemweek.com/regions/north_asia/korea/Versalis-and-Lotte-Chemical-form-elastomers-JV-in-Korea_56558.html
November 7, 2013
BASF signed a letter of intent at a ceremony in Brussels today to set up a new Electronics Materials R&D Center Asia/Pacific in partnership with Sungkyunkwan University (SKKU)...
http://www.chemweek.com/regions/north_asia/korea/BASF-to-set-up-electronic-materials-R-and-D-center-in-Korea_56516.html
October 28, 2013
SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, recorded a 11.5% fall in operating profits for the third quarter of 2013 compared with the...
http://www.chemweek.com/regions/north_asia/korea/SK-Global-Chemical-reports-fall-in-operating-profits_56245.html
October 23, 2013
BASF today announced a restructuring plan for its pigments business, with a planned reduction of 650 jobs by 2017. The company says this will strengthen the competitiveness of its...
http://www.chemweek.com/regions/north_asia/korea/BASF-to-cut-650-jobs-close-UK-pigments-plant-restructure-others_56112.html
October 18, 2013
LG Chem reports a 23.2% decrease in net profits for the third quarter compared with the year-ago period, to 352.3 billion South Korean won ($332 million). Third-quarter sales increased...
http://www.chemweek.com/regions/north_asia/korea/LG-Chem-reports-fall-in-profits_56025.html
October 17, 2013
CB&I says that it has been awarded a contract by GS Caltex (Seoul), a joint venture between GS Holdings (Seoul) and Chevron, for the license, basic engineering, and catalyst supply...
http://www.chemweek.com/regions/north_asia/korea/CB-and-I-awarded-contract-by-GS-Caltex-for-p-xylene-project-in-Korea_55993.html
October 16, 2013
LanzaTech (Roselle, IL) and SK innovation (Seoul) have agreed to develop a new process technology for the production of 1,3-butadiene, and the collaboration will accelerate the...
http://www.chemweek.com/regions/north_asia/korea/LanzaTech-partners-with-SK-Innovation-to-develop-process-technology-for-green-chemicals_55962.html
October 9, 2013
A Korean research team at the Department of Chemical and Biomolecular Engineering from the Korea Advanced Institute of Science and Technology (Kaist; Daejeon, South Korea) has...
http://www.chemweek.com/regions/north_asia/korea/Korean-researchers-engineer-an-E-coli-strain-able-to-produce-phenol-from-glucose_55779.html
October 8, 2013
The Institute of Chemical and Engineering Sciences (ICES; Singapore) has signed a memorandum of understanding with the Korea Institute of Industrial Technology (Kitech; Ch'┼Ćnan, South...
http://www.chemweek.com/regions/north_asia/korea/Singaporean-and-Korean-institutes-to-collaborate-on-sustainable-chemicals-research_55739.html
October 8, 2013
Toray Advanced Materials, a subsidiary of Toray Industries (Tokyo), is investing 300 billion South Korean won ($279.2 million) to build an integrated complex, which will produce...
http://www.chemweek.com/regions/north_asia/korea/Toray-to-build-integrated-PPS-complex-in-South-Korea_55733.html
October 7, 2013
Teijin says that the construction on the previously announced 12,000-m.t./year polyphenylene sulfide (PPS) resins joint venture plant with SK Chemicals (Songnam, South Korea)...
http://www.chemweek.com/regions/north_asia/korea/Teijin-SK-Chemicals-JV-begins-constructing-PPS-resins-plant-in-South-Korea_55701.html
October 3, 2013
Toray Industries says its wholly owned Toray Advanced Materials Korea (TAK; Seoul) subsidiary has secured preferential negotiating rights for acquiring a 56.2% stake in Woongjin...
http://www.chemweek.com/regions/north_asia/korea/Toray-secures-preferential-bidding-rights-for-stake-in-Woongjin-Chemical_55610.html
October 2, 2013
Songwon Industrial (Ulsan, South Korea) says it has appointed Rolf Drewes as v.p./specialty chemicals, effective 1 October. Drewes brings 25 years of industry experience. Prior to...
http://www.chemweek.com/regions/north_asia/korea/Songwon-appoints-new-v-p-specialty-chemicals_55568.html
September 16, 2013
Songwon Industrial (Ulsan, South Korea) reports a 94.6% fall in net profits for the second quarter of 2013 compared with the corresponding period of the previous year, to 518 million...
http://www.chemweek.com/regions/north_asia/korea/Songwon-reports-huge-fall-in-quarterly-profits_54636.html
August 22, 2013
Daelim Industrial (Seoul) has been awarded a contract to build a propane dehydrogenation (PDH) plant for Hyosung Corp., CW has learned. The contract, valued at 272.9 billion Korean won...
http://www.chemweek.com/regions/north_asia/korea/Daelim-awarded-propane-dehydrogenation-contract-by-Hyosung_54640.html
August 14, 2013
Ardmore Shipping (Cork, Ireland) has signed contracts for the construction of two 37,000-deadweight m.t. chemical tankers, the company announced today. The vessels were ordered from...
http://www.chemweek.com/regions/north_asia/korea/Ardmore-Shipping-orders-two-chemical-tankers_54484.html
August 14, 2013
Hanwha Chemical (Seoul) is planning to raise capacity for chlor-alkalis and ethylene di-chloride (EDC) at its Yeosu, Korea petrochemical complex, CW has learned. The company will...
http://www.chemweek.com/regions/north_asia/korea/Hanwha-Chemical-plans-chlor-alkali-and-EDC-expansion-at-Yeosu-complex_54472.html
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