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June 4, 2010
SK Energy (Seoul) says it has decided to pursue a restructuring intended to help the company meet challenges caused by volatile market conditions. The restructuring will allow each of...
http://www.chemweek.com/sections/business_finance/asia_pacific/SK-Energys-Petchem-Business-to-Become-Separate-Entity_27157.html
June 4, 2010
Reliance Industries, led by Mukesh Ambani, and Reliance Anil Dhirubhai Ambani Group (Reliance ADA Group), led by Anil Ambani--Mukesh’s brother--have signed an agreement canceling...
http://www.chemweek.com/sections/business_finance/asia_pacific/Ambani-Brothers-Cancel-Non-Compete-Agreements_27158.html
May 21, 2010
Most major Japanese companies reported improved earnings for the fiscal year ended March 31, 2010 mainly due to stronger demand in the second half of the year. Companies, however...
http://www.chemweek.com/sections/business_finance/asia_pacific/Major-Japanese-Companies-Report-Improved-Earnings_26883.html
May 14, 2010
Lanxess says it will form a 50-50 joint venture with TSRC Corp. (Taipei) to build a nitrile butadiene rubber (NBR) plant at Nantong, China. The companies will jointly invest $50...
http://www.chemweek.com/sections/business_finance/asia_pacific/Lanxess-and-Taiwans-TSRC-to-Form-Nitrile-Rubber-JV-in-China_26719.html
May 14, 2010
DSM Biologics, a DSM subsidiary, says it has signed preliminary agreements to enter into a partnership with state and local authorities in Australia to build and operate a mammalian...
http://www.chemweek.com/sections/business_finance/asia_pacific/DSM-to-Participate-in-Biopharmaceutical-Project-in-Australia_26720.html
April 30, 2010
The Chinese government has announced that the Ministry of Health (Beijing) has issued new regulations that set more stringent requirements for the use and approval of food additives...
http://www.chemweek.com/sections/business_finance/asia_pacific/China-Launches-New-Regulations-for-Food-Additives_26414.html
April 30, 2010
Reliance Industries says net profits for its fiscal fourth quarter ended March 31 increased almost 30% compared with the same period of the previous year, to about Rs47 billion ($1.06...
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-Reports-Rise-in-Profits-Sales_26415.html
April 30, 2010
Songwon Industrial (Ulsan, Korea), an additives supplier to the polymer industry, says it will establish a series of wholly owned subsidiaries in China and will prepare for future...
http://www.chemweek.com/sections/business_finance/asia_pacific/Songwon-expands-in-China_26416.html
April 30, 2010
SK Energy (Seoul) says its petrochemicals business recorded an 18% rise in operating profits for the first quarter of 2010, to won152 billion ($137 million), compared with the year-ago...
http://www.chemweek.com/sections/business_finance/asia_pacific/SK-Energys-profits-Rise_26417.html
April 30, 2010
Borouge (Abu Dhabi) says it has opened a previously announced compounding plant at Shanghai. The 50,000-m.t./year plant will supply compounded polyolefin resins to the growing Chinese...
http://www.chemweek.com/sections/business_finance/asia_pacific/Borouge-Opens-Plant-in-China_26418.html
April 30, 2010
Teijin says it has completed the previously announced sale of a 98.7% stake in Teijin Indonesia Fiber (Jakarta), a polyester fiber manufacturing company, to four textile manufacturers...
http://www.chemweek.com/sections/business_finance/asia_pacific/Teijin-sells-Subsidiary_26419.html
April 26, 2010
Solutia says it will boost capacity for its Saflex polyvinyl butyral (PVB) at its Suzhou, China facility. The company will add a second production line that will “significantly...
http://www.chemweek.com/sections/business_finance/asia_pacific/Solutia-Plans-Second-Saflex-Line-in-China_26312.html
April 23, 2010
Agchem firm Nufarm (Melbourne) says that Sumitomo Chemical has completed the previously announced acquisition of 20% of the total issued shares in Nufarm through a tender offer. The...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sumitomo-Buys-Nufarm-Stake_26195.html
April 23, 2010
Toray Industries says it has established the Torayca Reinforced Plastics department, a specialized organization aimed at expanding the company’s carbon fiber reinforced...
http://www.chemweek.com/sections/business_finance/asia_pacific/Toray-Sets-Up-Carbon-Fiber-Reinforced-Plastics-Department_26194.html
April 23, 2010
Ube Industries has upgraded its sales and net earnings projections for the fiscal year ended March 31, 2010. Ube expects to record net profits of ¥1.5 billion ($16 million), having...
http://www.chemweek.com/sections/business_finance/asia_pacific/Ube-Upgrades-Earnings-Sales-Forecasts_26193.html
April 23, 2010
Reliance Industries says that one of its wholly owned subsidiaries will invest in logistics company Deccan 360 (Bangalore, India). Further details of the deal were not disclosed, but...
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-Buys-Stake-in-Indian-Logistics-Company_26192.html
April 23, 2010
Bayer CropScience has informed the Bombay Stock Exchange (Mumbai) that the company’s production facility at Ankleshwar, India will resume production. A fire occurred at the...
http://www.chemweek.com/sections/business_finance/asia_pacific/Bayer-Plant-in-India-Restarts_26196.html
April 9, 2010
PetroChina and Sinopec each recorded operating profits for full-year 2009 in their chemical businesses, having posted operating losses in 2008. The Chinese government’s stimulus...
http://www.chemweek.com/sections/business_finance/asia_pacific/PetroChina-and-Sinopec-Chemical-Units-Swing-to-Profit_25882.html
April 9, 2010
Lonza says it will expand capacity for the company’s l-carnitine products Carnipure and Carniking, which form part of the company’s nutrition business within the Life Science...
http://www.chemweek.com/sections/business_finance/asia_pacific/Lonza-to-Build-Nutrition-Ingredients-Production-Capacity-in-China_25883.html
March 26, 2010
H.B. Fuller says it has entered into a stock purchase agreement to acquire all of the shares of adhesives manufacturer Revertex Finewaters (Klang, Malaysia), a joint venture of Yule...
http://www.chemweek.com/sections/business_finance/asia_pacific/H-B-Fuller-Acquires-Adhesives-Manufacturer-in-Malaysia_25616.html
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