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July 9, 2010
AkzoNobel plans to double its revenues in China within five years, targeting $3-billion/year sales in the country by 2015. AkzoNobel had revenues of $1.5 billion in China in 2009, and...
July 9, 2010
China and Taiwan signed an Economic Cooperation Framework Agreement (ECFA) and a an intellectual property protection pact late last month, during the fifth round of talks between...
June 25, 2010
Lanxess says it will invest more than €10 million ($12 million) to build compounding facilities with an initial combined capacity of 20,000 m.t./year for the production of the...
June 25, 2010
OCI Co. (Seoul), formerly DC Chemical, says it will expand polysilicon capacity at the company’s Gunsan, Korea facility. OCI will invest about won220 billion ($181 million) to...
June 17, 2010
Rhodia says it has agreed to acquire Feixiang Chemicals (Zhangjiagang, China) for a price based on an enterprise value of $489 million--about nine times Feixiang’s estimated 2010...
June 11, 2010
Asahi Kasei and Mitsubishi Chemical say they have signed a memorandum of understanding to establish a 50-50 joint venture company for the previously announced integration and...
June 11, 2010
Two carbon black projects were announced in Asia during recent weeks. OCI Co. (Seoul), formerly known as DC Chemical, says it will invest won75 billion ($61.5 million) to build a...
June 11, 2010
Sika (Baar, Switzerland) has acquired a majority stake in Dyflex (Tokyo), the market leader in liquid waterproofing in Japan. The acquisition enables Sika to enter the Japanese...
June 4, 2010
Tata Chemicals (Mumbai) recorded a 6.5% fall in net profits for the fiscal year ended March 31, 2010 to Rs6.06 billion ($129 million), compared with the previous fiscal year. Sales...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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