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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...
http://www.chemweek.com/sections/business_finance/asia_pacific/Rhodia-to-Buy-Chinas-Feixiang-Chemicals_27485.html
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...
http://www.chemweek.com/sections/business_finance/asia_pacific/Asahi-and-Mitsubishi-to-Form-Cracker-JV-at-Mizushima_27344.html
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...
http://www.chemweek.com/sections/business_finance/asia_pacific/OCI-to-Build-Carbon-Black-Plant-in-Korea-Cabot-to-Expand-Capacity-in-Indonesia_27345.html
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...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sika-Buys-Stake-in-Japanese-Waterproofing-Materials-Firm_27346.html
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...
http://www.chemweek.com/sections/business_finance/asia_pacific/Tata-Chemicals-Reports-Fall-in-Profits-and-Sales_27159.html
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
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