IHS Chemical Week
ASIA/PACIFIC

Gail and Sumitomo sign MOU on energy and petchems cooperation

1:00 PM MDT | July 28, 2014 | Natasha Alperowicz

Gail India and Sumitomo, one of Japan’s largest trading groups, on Friday announced the signing of a memorandum of understanding (MOU) covering cooperation in gas procurement and petrochemicals. Under the MOU, Gail and Sumitomo will pursue business...


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Hitachi Chemical to raise stake in CSB Battery, reports higher revenues

Hitachi Chemical (Tokyo) says it has signed a letter of intent with Chau-Hai Chen Group (Taipei) to raise its stake in CSB Battery (Taipei), a producer of lead-acid batteries, by 26%. Hitachi Chemical, through its wholly owned subsidiary Shin-Kobe Electric...

BASF declines to comment on talks with Essar on petchems JV

BASF today declined to comment on Indian press reports that it is in discussions with privately owned Essar (Mumbai) to form a $2-billion petrochemicals joint venture in India. “It is our company policy that we don't comment on market rumors or...

BASF expands innovation campus at Shanghai

BASF today broke ground on the second phase of its innovation campus Asia/Pacific at its Pudong site at Shanghai. The €90-million ($120.9 million) expansion consists of an additional regional R&D building and auxiliary facilities. Completion is...

Air Liquide builds research and technology center in China

Air Liquide, on 28 July, broke ground on its new Shanghai research and technology center (SRTC), located in the industrial park of Xinzhuang, Minhang District, Shanghai. The center will become operational at the end of 2015. The new center will house 200...

Ipca suspends API shipments to US

Ipca Laboratories (Mumbai), a manufacturer of formulations and active pharmaceutical ingredients (APIs), says it has decided to temporarily suspend API shipments from its manufacturing facility at Ratlam, India, to the United States in order to resolve issued...

FMC opens innovation center at Shanghai

FMC says it has opened its Asia Innovation Center in the Zhangjiang Hi-Tech Park in the Pudong district of Shanghai. The new facility serves as the company's hub for R&D, technical innovation, operational support, and executive management in Asia/Pacific...

SK Global Chemical reports huge fall in operating profits

SK Global Chemical, the petrochemical business of SK Innovation (Seoul), formerly SK Energy, reports a 77.2% fall in operating profits for the second quarter of 2014 compared with the year-ago quarter, to 51 billion South Korean won ($49.7 million)...

China to curb investment in small-scale coal-based projects

China's National Energy Administration (NEA; Beijing) has told local authorities to curb irrationally developing coal-to-oil and coal-to-gas projects, after new technology sparked an investment spree regardless of environmental and economic realities, the...

Shin-Etsu reports higher sales and earnings

Shin-Etsu today reported its financial results for the first fiscal quarter, ended 30 June. Consolidated net income was up 2.8%, to ¥32.9 billion ($324.1 million), on 8.7% higher sales of ¥294.5 billion. The company has revised its forecast for fiscal...

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