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ASIA/PACIFIC

India approves ammonia-urea plant at Namrup, Assam

4:20 AM MDT | May 22, 2015 | Clement Choo

India has approved the setting up of an ammonia-urea complex at Namrup, Assam with a production capacity of 864,000 m.t./year, the cabinet says, at an estimated investment of 45 billion Indian rupees ($833.3 million). It says the complex will be established...


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India approves plan to revive shut urea plant at Sindri

India has approved a plan to spend 60 billion Indian rupees ($1.11 billion) to revive a shut urea plant at Sindri (Jharkhand), the cabinet says. The plant, which has been shut since March 2002, was operated by the Fertilizer Corporation of India, and has a...

Toray to acquire remaining shares in former Woongjin Chemical for $112 million

Toray Industries says that its wholly owned subsidiary Toray Advanced Materials Korea (TAK; Seoul) has launched another tender offer to acquire the remaining shares in Toray Chemical Korea (Seoul), formerly Woongjin Chemical. The total purchase price to...

India slaps dumping duties on sodium citrate from China for five years

India has levied antidumping duties on sodium citrate originating in China for five years effective 20 May, the Ministry of Finance (New Delhi) says.   Tariffs levied are $367.59/m.t., the ministry says. “The subject goods have been exported to...

Japan's April production of aromatics falls from March

Japan’s production of benzene, toluene, and xylenes fell in April by 10%, 4%, and 2%, respectively, from March, the Japan Petrochemical Industry Association (JPCA) announced today.   Overall benzene production was 333,300 m.t. against 369,000...

DSM forms PPS compounding joint venture with Chinese firm

DSM and NHU (Zhejiang, China) have formed a joint venture for market development and manufacturing of high performance plastic compounds based on polyphenylene sulfide (PPS). The compounds will further enhance DSM’s offering in the high performance...

Manali Petrochemicals to expand polyols capacity in India

Manali Petrochemicals (Chennai, India), a producer of propylene oxide, propylene glycols and polyols, says that it plans to expand polyols production capacity from 50,000 m.t./year to 150,000 m.t./year, at its plant located at Manali, near Chennai in the...

Daelim and Daewoo win major petrochemicals plant order from S-Oil

Daelim Industrial (Seoul) and Daewoo Engineering & Construction (Seoul) announced on Wednesday that they have won a 3.5 trillion South Korean won ($3.2 billion) order to build a petrochemicals complex for S-Oil, a Saudi Aramco subsidiary. Under the terms...

PTT Global Chemical increases stake in PTT Polymer Marketing

PTT Global Chemical (PTTGC; Bangkok) says that it has acquired an additional 25% stake in PTT Polymer Marketing Co. (PTTPM; Bangkok) from IRPC Public Co. (Bangkok) for 250 million baht ($7.4 million). PTTPM was founded in 2005 as a polymer marketing arm of...

Sumitomo Seika Chemicals reports fall in profits

Sumitomo Seika Chemicals (Osaka) reports a 2% fall in net profits for the fiscal year, ended 31 March 2015, compared with the previous fiscal year, to ¥5.54 billion ($46.2 million). Full-year sales decreased 2.3%, to ¥92.7 billion. During the fiscal...

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