MARKETS

Praxair to Supply Gases to Chinese Electronics Firm

Praxair China (Shanghai), a Praxair subsidiary, says it has signed a long-term supply contract with Hua Li Microelectronics (Shanghai) to supply industrial gases to its 12-inch integrated-circuit chips production line at the Zhangjiang High-Tech Park in Shanghai...

Methanex to Restart Methanol Production in Canada

Methanex will restart a 470,000-m.t../year methanol plant in Medicine Hat, AB in April 2011. The unit was idled in 2001 following a spike in natural gas feedstock prices that eventually resulted in the shut down of most North American methanol production....

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Basic Chemicals

Oman to Invest $3 Billion in Indian Fertilizer Units

The Ministry of Commerce and Industry (New Delhi) says that Oman has agreed in-principle to invest in India to revive some closed plants of Fertilizer Corporation of India (FCI; Noida, India) and Hindustan Fertilizer Corporation Ltd. (HFCL; New Delhi) and for...

Petrochemicals

SCG Chemicals Increases Stake in Thai Petchem Firm

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok), says it has acquired an additional 4.39% stake in...

Inorganic Chemicals

Dow Corning Acquires Silicon Assets

Dow Corning says it has acquired the Brazilian operations of Globe Specialty Metals (GSM; New York), including two chemical-grade silicon manufacturing assets, for $175 million, and also acquired a 49% interest in GSM's silicon metal manufacturing operation at Alloy, WV for an undisclosed sum....

Plastics

Uhde Inventa-Fischer Awarded Contract for PET Plant in Oman

Uhde Inventa-Fischer has been awarded a contract by Octal Petrochemicals (Muscat) to build a previously announced 550,000-m.t./year polyethylene terephthalate (PET) resin plant at Salalah, Oman. The...

Specialty Chemicals

AkzoNobel to Acquire Chinese Automotive Coatings Firm

AkzoNobel says it has agreed to acquire Prime Automotive Paint (Changzhou, China), a company that develops, manufactures, and sells automotive coatings, primarily for the refinish market. Financial terms were not disclosed. Prime is one of China’s...

Fine Chemicals/Biotech

ACC, Accenture Study: Chemical Quality Becomes the Important Issue

A study by ACC and Accenture has identified that product quality and reliability of supply – not price of goods – are the most important factors when it comes to selecting or growing with a supplier. The study by the two groups compared the...

Industrial Gases

Praxair Issues $400 Million in Debt at 1.75% (Updated)

Praxair has issued $400 million in new debt securities due in 2012, the company announced today. The debt carries an interest rate of 1.75%. The current debt issue is expected to close on November 16. Praxair's long-term debt is rated A2 by Moody's, and A by...

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