IHS Chemical Week
ASIA/PACIFIC

Mitsui building plant to manufacture new PU elastomer and polyisocyanate

12:24 PM MDT | April 20, 2015 | Deepti Ramesh

Mitsui Chemicals says that it has broken ground on a 2,000-m.t./year plant at the company’s site at Omuta, Japan, to manufacture its new polyurethane elastomer, Fortimo, and the polyisocyanate Stabio. The plant is expected to begin commercial operation...


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Asahi Kasei to withdraw from nutritional products business

Asahi Kasei announced today that its pharma unit has decided to pull out of the nutritional products business, which began in 1983 with the launch of a tube feeding powder formula, followed by various enriched liquid diets. The decision follows a decline in...

BASF introduces technology to tackle counterfeit crop protection products in China

BASF said today that, in its fight against counterfeiting in the crop protection market, it is investing in brand new antifake technology. In China, the company is introducing a product label that features an identification system developed by BASF and a...

Asia styrene derivative prices track feedstock price hikes

A recent spike in styrene prices in Asia is pressuring derivative producers to raise prices as their margins narrow amid short covering, tight supply, and concerns over lower stocks. Spot styrene prices reached levels last week not seen since November 2014...

Tosoh acquires in vitro diagnostics company in India

Tosoh says that it has acquired in vitro diagnostics company Lilac Medicare (Navi Mumbai, India) in order to strengthen the company’s bioscience business via the growing Indian market. Lilac, which was established in 1997, manufactures and sells...

Commerce proposes countervailing duties for melamine from China, Trinidad and Tobago

The US Dept. of Commerce on 14 April issued a preliminary determination that China and the Caribbean nation of Trinidad and Tobago have been subsidizing melamine imported to the United States, and that the imports can therefore be subjected to countervailing duties. Commerce says it will announce a final determination in late August....

LG Chem reports falls in profits, sales

LG Chem (Seoul), South Korea s largest chemical company, says net profits declined 14% in the first quarter of 2015 compared with the year-ago period, to 246.1 billion South Korean won ($227.2 million). First-quarter sales decreased 13%, to won4.91 trillion...

South Korea's first-half April benzene exports reach 54% of March total

South Korea exported about 128,000 m.t. of benzene during 1–16 April, about 54% of the 236,744 m.t. transported for the whole of March, data obtained by IHS Chemical show. The half-month data show about 65,000 m.t. of the total was sent to China...

DuPont and Taiwanese firm agree to develop high-efficiency solar cell technology

DuPont says that it has signed a technology cooperation agreement with Neo Solar Power (NSP; Hsinchu, Taiwan) for high-efficiency solar cell technology. The purpose of this agreement is to develop high-efficiency solar cell technology using new DuPont Solamet...

Reliance reports 8.5% rise in quarterly profits

Reliance Industries says net profits for the company’s fiscal fourth quarter, ended 31 March 2015, increased 8.5% compared with the same period of the previous fiscal year, to about 63.81 billion Indian rupees ($1.02 billion). Fourth-quarter sales...

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