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July 25, 2007
Agreements covering more than $3.2 billion of chemical and chemical-related projects were signed at a recent investment summit for the state of Gujarat, western India. The Vibrant...
July 25, 2007
Kemerovo Azot (Kemerovo, Russia), a subsidiary of Sibur Holding (Moscow), plans an investment of rubles 779 million ($30 million) to upgrade its caprolactam plant at Kemerovo. The...
July 25, 2007
Kuala Lumpur Kepong (KLK; Ipoh, Malaysia) says it has agreed to acquire Dr. W. Kolb (Zug, Switzerland). The deal is expected to close in March. Family owned Kolb says it is...
July 25, 2007
Air Products says it purchased the 30% interest it did not already own in Air Products STB (Selangor Darul Ehsan, Malaysia) from its joint venture partner Sitt Tatt (Kuala Lumpur)...
July 25, 2007
Grasim Industries (Nagda, India) is negotiating to buy a stake in fibers manufacturer Lenzing (Lenzing, Austria), according to recent Indian press reports. A deal will most likely be...
July 25, 2007
Private equity capital companies Cinven, Texas Pacific Group, and Permira are among companies that have expressed an interest in acquiring Merck KGaA’s generic drugs business...
July 25, 2007
Member companies of the Bromine Science and Environmental Forum (BSEF; Brussels), an industry group, say they have begun legal proceedings against the Belgian government to prevent...
July 25, 2007
ENI (Rome) says that its Polimeri Europa subsidiary will permanently close its steam cracker at Gela, Italy. The closure forms part of a plan to upgrade ENI’s refinery at the...
July 25, 2007
Chemical shippers will continue to have a rough ride on all modes of transport this year, as fuel costs are high and capacity remains tight. Several carriers have announced new fuel...
July 25, 2007
AZ Electronic Materials (Luxembourg) says it will invest T$256 million ($8 million) to expand “significantly” photoresist capacity at Hsinchu, Taiwan. Construction is...
July 25, 2007
Davy Process Technology (DPT) says it has been selected, jointly with Union Carbide—a Dow Chemical subsidiary—to provide technology for an n-butanol plant planned by Dammam...
July 25, 2007
Technip says it has been awarded an engineering, procurement, and construction management contract by PKN Orlen (Plock, Poland) for a €50-million ($65 million) hydrogen project at...
July 25, 2007
The Shaw Group has announced that a consortium of the company’s Shaw Stone & Webster unit and CTCI Corp. (Taipei) has been awarded a contract to provide engineering...
July 25, 2007
A previously announced project to build a petrochemical complex at Mesaieed, Qatar by a joint venture between Qatar Petroleum (QP; Doha) and Honam Petrochemical (Seoul) has been hit by...
July 25, 2007
Four organizations representing survivors of the December 1984 Bhopal gas disaster have condemned an offer to the Indian government by Ratan Tata, chairman of the Tata Group (Mumbai)...
July 23, 2007
General Electric (GE) has approached a handful of private equity firms to seek bids on its $6.6-billion/year GE Plastics unit, industry sources say. Bidding for the unit is likely to...
July 23, 2007
At least four firms are expected to make a bid for Lyondell’s titanium dioxide (TiO2) unit by the end of January, according to a Reuters report. Rival producers Huntsman and...
July 23, 2007
The CW75 Index declined 2% for the week ending January 10, trailing broader U.S. and global indexes. The Standard and Poor’s 500 index was essentially flat, and the Morgan...
July 23, 2007
The U.S. Department of Commerce has made a preliminary determination that polyester staple fiber (PSF) from China has been sold in the U.S. at 4.39%-44.3% below normal value. The...
July 23, 2007
Aslug of new capacity is likely to drag down North American polyethylene terephthlate (PET) margins this year, analysts say. An additional 1 million m.t./year of capacity is starting...
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