ASIA/PACIFIC

India to Create New PCPIR at Cuddalore

4:01 AM MST | February 10, 2012 | Natasha Alperowicz

The Indian Ministry of Chemicals and Fertilizers will shortly present a proposal for the creation of a Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR) near Cuddalore, according to K. Jose Cyriac, the Indian government’s secretary for...

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Tokuyama Reports Fall in Profits and Sales

Tokuyama (Tokyo) has recorded a 26.4% fall in net profits for the nine months ended December 31, 2011, compared with the year-ago period, to ¥3.9 billion ($50 million). Sales decreased 1.6%, to ¥211 billion, mainly due to the impact of the earthquake...

DIC Reports Fall in Profits and Sales

DIC Corp. (Tokyo) has recorded a 4.5% fall in net profits for the fiscal first nine months ended December 31, 2011, compared with the year-ago period, to ¥15.9 billion ($205 million). Sales for the nine months also decreased by 4.5%, to ¥561.5...

Siam Cement and Partners Sign JV Deal for $4.5-Billion Project in Vietnam

Siam Cement notified the Stock Exchange of Thailand today that it and its Vietnamese and Qatari partners have signed a joint venture agreement for a previously announced petrochemical complex in Vietnam. The partners will invest $4.5 billion in the project, following a final investment decision, which is expected next year....

BASF to Co-Develop Sustainable Tomato Production with Chinese Company

BASF says it has agreed with Cofco Tunhe (Bejing), to co-develop and enhance sustainable tomato cultivation in China. Cofco Tunhe is one of the world's largest tomato producers and processors, BASF says. A production system that addresses needs...

Honam Firms up Plans for Petchems Complex in Indonesia

Honam Petrochemical has firmed up plans to invest in a petrochemical complex in Indonesia. The company announced in March last year that it is planning to expand in Southast Asia, which would include investing in a manufacturing complex in Indonesia. It did...

Showa Denko Reports Losses and a Slight Decrease in Sales

Showa Denko recorded net losses of ¥500 million ($6.5 million) in the fourth quarter of 2011, compared with ¥3.3 billion in net profits in the corresponding period of the previous year. Sales and operating income also went down by 0.3% and...

Hikal Reports Increase in Net Profits and Sales

Hikal (Mumbai), an active ingredients and intermediates manufacturer, says net profits for its fiscal third quarter ended December 31, 2011, more than doubled year over year to Rs130 million ($2.63 million) . Sales were also up by 84%, to Rs1.855...

Chinese Acrylates Producer Satellite to Acquire Propylene Maker Julong Petrochemical

Zhejiang Satellite Petrochemical (Jiaxing, China), a major producer of acrylic acid and acrylates, plans to acquire Zhejiang Julong Petrochemical (Pinhu City, China) for Rmb137 million ($21.7 million), according to Satellite Petrochemical’s filing...

Samsung Total Selects LyondellBasell Technology for LDPE-EVA Copolymer Plant

Samsung Total Petrochemicals has selected the LyondellBasell Lupotech T technology for a previously announced 200,000...

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