ASIA/PACIFIC

Mitsubishi Rayon’s Loss Narrows

February 9, 2010 | Deepti Ramesh

Mitsubishi Rayon recorded a net loss of ¥12 billion ($133 million) for the nine months ended December 31, 2009, compared with a net loss of ¥22 billion in the year-ago period. Sales decreased by nearly...


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ONGC Petro-Additions Selects Ineos's Polyolefin Processes for Dahej Complex

Ineos Technologies has been selected to provide process technologies for a previously announced multi-billion dollar petrochemical complex planned by ONGC Petro-Additions (Opal) at the Dahej Special Economic Zone of Petroleum, Chemical, and Petrochemical...

M&A Expected to 'Improve Substantially' in 2010

The chemical M&A market is set to "improve substantially" this year, according to Peter Young, president of Young & Partners (Y&P; New York), a boutique investment bank. "We hit a trough in volume in the first quarter of 2009, and a...

DIC Swings to Profit in Third Quarter

DIC Corp. reported a net profit of ¥2.3 billion ($25.5 million) for the third quarter ended December 31, 2009, compared with a net loss of ¥900 million in the year-ago period. Sales decreased by...

Kuraray Records Fall in Profits and Sales

Kuraray reported a 25% decrease in net profits, for the nine months ended December 31, 2009, to ¥12 billion ($133 million), compared with the year-ago period. Sales decreased by 20%, to ¥243 billion...

Asahi Kasei Reports Fall in Profits and Sales

Asahi Kasei reported an 18% decline in net profits, to ¥20.6 billion ($229 million), for the nine months ended December 31, 2009, compared to the year-ago period, Sales decreased by 16%, to ¥1.02 trillion, mainly due to lower market prices in the...

DuPont to Expand R&D Center in India

DuPont says it plans to expand the DuPont Knowledge Center at Hyderabad, India. The company will add research & development (R&D) capabilities to support local customer needs for businesses...

China Slaps Dumping Duties on PTA from Korea and Thailand

The duties are provisional and may become permanent in six months' time....

Sumitomo Records a Rise in Nine-Month Profits

Sumitomo Chemical recorded a 62% rise in net profits for the nine-months ended December 31, 2009, to about ¥1.2 billion ($13.5 million), compared with the year-ago period, mainly due to an improvement in foreign currency exchange losses and gains from the...

H2O Innovation and Chembond Chemicals Form Water Treatment JV in India

Water treatment solutions company H2O Innovation (Quebec City, Canada) and Chembond Chemicals (Mumbai), a manufacturer of specialty chemicals, say they have executed a joint venture agreement to create H2O Innovation India (Mumbai). H2O...

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