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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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
June 15, 2012
Mitsui Chemicals has embarked on a major restructuring program for its polyurethanes (PU) business, which will involve sourcing isocyanates and other PU intermediates from Sabic and...
June 15, 2012
Ambani: Aspiring to be among the five largest and most profitable petchems producers focused on the Indian market. Reliance Industries has announced that it will invest Rs1 trillion...
June 15, 2012
Altana (Wesel, Germany) says its Elantas electrical insulation division has signed an agreement with Changzhou Lantian Ruiqi Chemical Co. (Changzhou, China) to acquire Changzhou...
June 15, 2012
Sibur (Moscow) and Sinopec signed a cooperation agreement earlier this month, which will form the basis for the creation of a previously announced joint venture for the production of...
June 1, 2012
United We Stand: Speakers at the APIC event said that 2016 would be the next peak of the petrochemical industry cycle. Speakers at the Asia Petrochemical Industry Conference (APIC)...
June 1, 2012
The Ministry of Commerce (Mofcom; Beijing) has announced China’s second batch of rare earth export quotas for 2012, totaling 10,680 m.t. About 12 companies that passed tests...
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