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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
July 20, 2012
Brenntag has agreed to acquire ISM/Salkat Group (Highett, Australia), a leading distributor of specialty chemicals in Australia and New Zealand. Financial details of the deal were not...
http://www.chemweek.com/sections/business_finance/asia_pacific/Brenntag-Acquires-Distributor-in-Australia-and-New-Zealand_44923.html
July 20, 2012
Jamnagar: Plans for world's largest aromatics complex. Reliance Industries has awarded two major contracts for the company’s previously announced projects to expand...
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-Awards-Contracts-for-Petchem-Projects-at-Jamnagar_44921.html
July 20, 2012
OCI (Seoul), formerly DC Chemical, has suspended construction on the company’s fourth and fifth polysilicon plants in Korea “due to the severe market condition and the...
http://www.chemweek.com/sections/business_finance/asia_pacific/OCI-Halts-Two-Polysilicon-Projects-in-Korea-Citing-Oversupply_44922.html
July 11, 2012
The Chinese government has released a new plan to improve food safety regulations. China currently has more than 2,000 national regulations on food and more than 2,900 industry-based...
http://www.chemweek.com/sections/business_finance/asia_pacific/China-Announces-Plan-to-Improve-Food-Safety_44635.html
July 6, 2012
Kamei: Securing strong market position. Teijin says that its wholly owned subsidiary Toho Tenax (Tokyo), which is involved in the carbon fibers and composites business, will develop...
http://www.chemweek.com/sections/business_finance/asia_pacific/Teijin-to-Grow-Composite-Business-in-India_44636.html
July 6, 2012
Tosoh says it has increased production capacity for the specialty rubber chlorosulfonated polyethylene (CSM) by 1,000 m.t./year at the company’s Nanyo complex at Shunan, Japan...
http://www.chemweek.com/sections/business_finance/asia_pacific/Tosoh-Completes-CSM-Capacity-Hike_44637.html
June 22, 2012
Chatterjee: Held discussions with Indian Oil and MRPL, each keen to establish a majority stake. Indian Oil (New Delhi) and Mangalore Refinery & Petrochemicals Ltd. (MRPL), a...
http://www.chemweek.com/sections/business_finance/asia_pacific/Indian-Oil-and-MRPL-in-Talks-to-Buy-Haldia-Petrochemicals_44353.html
June 22, 2012
Offstream: Many units at Iwakuni-Ohtake are idle. Mitsui Chemicals says that some of the plants at the company’s Iwakuni-Ohtake production complex at Waki, Japan that were...
http://www.chemweek.com/sections/business_finance/asia_pacific/Some-Mitsui-Plants-at-Iwakuni-Ohtake-Site-to-Restart-in-July_44354.html
June 15, 2012
Rebalancing Act: Capacities will be reduced at Mitsubishi’s Kashima complex. Mitsubishi Chemical says it will close permanently the company’s No. 1 naphtha cracker at...
http://www.chemweek.com/sections/business_finance/asia_pacific/Mitsubishi-Chemical-to-Close-Kashima-Cracker_44187.html
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