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November 9, 2012
local authorities have ordered construction work to be suspended on a large-scale para -xylene ( p -xylene) plant near the eastern Chinese city of Ningbo, following massive...
http://www.chemweek.com/sections/business_finance/asia_pacific/China-suspends-p-xylene-project-in-Zhenhai-following-protests_47554.html
October 26, 2012
Yosu site: LG Chem's petrochemical complex. Leading Korean chemical companies reported falling profits for the third quarter of 2012. LG Chem posted a 10% decline in net profits for...
http://www.chemweek.com/sections/business_finance/asia_pacific/Korean-companies-report-falling-third-quarter-profits_47207.html
October 26, 2012
Reliance Industries says net profits for its fiscal second quarter, ended 30 September 2012, decreased 5.7% compared with the same period of the previous year, to about 53.7 billion...
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-Industries-reports-decline-in-quarterly-profits_47208.html
October 12, 2012
The Ministry of Environmental Protection (MEP; Beijing) says that Sinopec has asked three of its subsidiaries in Guangdong Province, China to suspend operations temporarily due to...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-temporarily-shuts-three-petchem-units_46830.html
October 12, 2012
Evonik Industries and Taiyo Nippon Sanso Corp. (TNSC; Tokyo) say they have terminated their joint monosilanes manufacturing partnership at Yokkaichi, Japan, effective 30 September...
http://www.chemweek.com/sections/business_finance/asia_pacific/Evonik-Taiyo-Nippon-Sanso-end-monosilane-partnership_46828.html
October 12, 2012
Fogarty: Expansion of HSBC key to Kraton’s future. Kraton Performance Polymers says it plans to expand hydrogenated styrenic block copolymer (HSBC) manufacturing capacity in Asia...
http://www.chemweek.com/sections/business_finance/asia_pacific/Kraton-plans-stand-alone-HSBC-capacity-in-Asia_46829.html
October 5, 2012
BP has confirmed CW’s earlier report that the company will sell its interests in purified terephthalic acid (PTA) production in Malaysia to Reliance Industries (Mumbai). The...
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-buys-BPs-PTA-assets-in-Malaysia-for-$230-Million_46676.html
October 5, 2012
Songwon Industrial (Ulsan, Korea) says it will expand the production capacity for di- n -octyltin oxide (DOTO) by 60% at its Ulsan manufacturing facility, expected online by mid-2013...
http://www.chemweek.com/sections/business_finance/asia_pacific/Songwon-ups-DOTO-capacity-stops-production-of-tin-agchem-materials_46677.html
September 21, 2012
Solvay says it has signed an agreement to acquire a controlling interest in Sunshield Chemicals (Mumbai), which specializes in surfactants, from Amit Choksey Group. Financial details...
http://www.chemweek.com/sections/business_finance/asia_pacific/Solvay-Buys-Surfactants-Firm-Ups-Polymers-Capacity-in-India_46377.html
September 21, 2012
BASF says it will shut down its Styropor expandable polystyrene (EPS) plants at Pasir Gudang, Malaysia; and Thane, India, due to overcapacity and poor margins. Production will be...
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-to-Shut-Expandable-EPS-Plants-in-India-and-Malaysia_46378.html
September 21, 2012
Japan’s Ministry of Economy, Trade, and Industry (METI; Tokyo) says it has signed a memorandum of cooperation (MOC) with Thailand’s Ministry of Industry (MOI; Bangkok) to...
http://www.chemweek.com/sections/business_finance/asia_pacific/Japan-Thailand-Sign-Deal-for-Chemical-Management_46379.html
September 14, 2012
Lanxess, the largest synthetic-rubber producer, stands to benefit from China’s plan to switch of much its tire production to green tires, which reduce rolling resistance...
http://www.chemweek.com/sections/business_finance/asia_pacific/Lanxess-Gears-Up-for-Chinas-Tire-Switch-Joins-the-DAX-30_46211.html
September 14, 2012
State-owned natural gas company Gail India (New Delhi) says it has signed a memorandum of understanding (MOU) with the Uttar Pradesh State Industrial Development (UPSIDC; Kanpur...
http://www.chemweek.com/sections/business_finance/asia_pacific/Gail-Signs-Deal-to-Develop-Plastic-Park-in-India_46212.html
September 14, 2012
BASF and Dow Chemical have advanced separate agricultural research collaborations with organizations in Australia. Dow AgroSciences has signed a deal with the Victoria state...
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-Dow-Expand-Agriculture-Research-Deals-in-Australia_46213.html
September 14, 2012
Lamba: Linde’s largest investment in Vietnam. Linde says it has been awarded a long-term contract to supply steel company Posco SS-Vina (PSSV; Phu My, Ba Ria-Vung Tau Province...
http://www.chemweek.com/sections/business_finance/asia_pacific/Linde-to-Build-Vietnams-Largest-Air-Separation-Unit_46214.html
August 31, 2012
The chemical businesses of Sinopec and PetroChina reported weak financial results for the first half of 2012. Sinopec’s chemicals segment reported an operating loss of Rmb1.3...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sinopec-and-PetroChina-Chemical-Units-Swing-to-Loss_45922.html
August 31, 2012
Lohia: Extreme volatility in last year. Indorama Ventures (Bangkok) reported a 50.6% fall in net profits for the second quarter of 2012 compared with the year-ago period, to $39...
http://www.chemweek.com/sections/business_finance/asia_pacific/Indorama-Reports-Fall-in-Quarterly-Profits-Citing-Slowdown-in-Asia_45923.html
August 17, 2012
Most of the leading Japanese chemical companies reported lower earnings and sales for the fiscal first quarter ended June 30, 2012. The slowing global economy, weak demand in overseas...
http://www.chemweek.com/sections/business_finance/asia_pacific/Japanese-Firms-Report-Lower-Earnings-and-Sales_45650.html
August 3, 2012
Nichols: Will safeguard employees. AkzoNobel says that it has reached an agreement to sell its 75.81% stake in ICI Pakistan to the Yunus Brothers Group (Karāchi, Pakistan) for $152.5...
http://www.chemweek.com/sections/business_finance/asia_pacific/AkzoNobel-Sells-Stake-in-ICI-Pakistan-for-$152-5-Million_45386.html
August 3, 2012
Leading Asian chemical companies reported mixed financial results for the quarter ended June 30, 2012. Reliance Industries (Mumbai), LG Chem (Seoul), and OCI (Seoul)—formerly DC...
http://www.chemweek.com/sections/business_finance/asia_pacific/Asian-Chemical-Companies-Report-Mixed-Financial-Results_45385.html
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