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Time Technoplast reports 70% jump in Q109 net profits

Time Technoplast Ltd. has reported a 70% jump in its net profit for Q1-09 to Rs. 19.52 crore as against Rs 11.49 crore posted in Q1-08. Net sales for Q1-09 rose to Rs. 188.82 crore as against Rs 106.59 crore in Q1-08 registering a growth of 77%. Operating margin during the ...

Iran to offer oil, gas projects to draw investors

TEHRAN - Iran is preparing more than 15 major oil and gas projects involving a "new method" to attract local and foreign investment, the head of Iran's state-owned energy firm told state radio on Monday. It was not clear if the "new method" meant a revision of Iran's "buy-back" ...

Oil hovers near 3-month low on weak demand

SINGAPORE - Oil hovered near three-month lows on Tuesday, as rising OPEC output and declining demand in United States in the face of a weak economic outlook weighed on prices. The losses extended a steep slide from the mid-July peak above $147 a barrel and came despite a storm in ...

S Korea aims to be Northeast Asian "oil hub"

SEOUL -- South Korean Vice Economy Minister Lee Jae-joon said Monday that his country aims to be become a Northeast Asian "oil hub" to create new business opportunities. The official said his country will benchmark Singapore and develop extensive petroleum refining, shipment, ...

Wall Street down despite oil plunge

NEW YORK -- Wall Street ended lower Monday even though a sharp drop in oil prices overshadowed increasing inflation concerns. The U.S. stocks initially sold off after the U.S. Commerce Department reported that U.S. consumer spending, after adjusting for inflation, fell in June by ...

S Korean toluene sellers seek new avenues

SINGAPORE--A sharp drop in toluene net imports into China, the largest market in Asia, is prompting South Korean sellers to target the domestic market and buyers in southeast (SE) Asia and the US for fresh export avenues, said traders and a producer on Monday. "Asia will be net ...

Gerresheimer Starts Process to Sell off its Business Segment of Technical Plastics

Gerresheimer AG is to discontinue its business in technical plastic systems. The business segment, which primarily manufactures system components for suppliers to the automobile industry, is not part of the core business of pharma & life science. For this purpose the sale process ...

BASF to invest more than EUR150 million in additional capacity for key crop protection products

BASF Crop Protection plans to invest more than EUR150 million in additional capacity to meet the growing demand for key crop protection products in the coming years. The two-year expansion project will increase capacity at production facilities in Germany, France, Brazil and the ...

Doubling steel prices pressurize Petron to decelerate investment program

Steel prices, which have almost doubled since Petron Corp made its investment estimates, are exerting pressure on Petron to decelerate its investment program. Despite having a new investor willing to infuse more funds, Petron still need US$1.5 billion to bankroll the second phase ...

Crude prices fall below $120 on demand concerns

NEW YORK -- Crude prices fell below 120 U.S. dollars a barrel Tuesday on demand concerns. Crude futures for September delivery was down 2.24 dollars to settle at 119.17 dollar after trading as low as of 118 dollars in electronic trading on the New York Mercantile Exchange. ...

OPEC unlikely to change oil output in Sept-source

DUBAI - OPEC is unlikely to change oil output in September to reverse the recent price fall unless the slide continues to below $80 a barrel, an OPEC source said on Tuesday. Oil hit a three-month low of $118 on Tuesday. It has fallen by nearly $30 from a July peak of more than ...

China styrenics to rebound ahead of others

SINGAPORE--Styrenic resin values in China are expected to rebound ahead of other petrochemical goods after the Beijing Olympics on 8-24 August, industry players said on Wednesday. Resins traders said they expected pent-up demand to combine with traditional peak demand and ...

Argonne scientists discover networks of metal nanoparticles are culprits in alloy corrosion

Oxide scales are supposed to protect alloys from extensive corrosion, but scientists at U.S. Department of Energy's Argonne National Laboratory have discovered metal nanoparticle chinks in this armor. Oxide scales develop on the outer surface of alloys at high temperatures ...

European Commission Gives Clearance for INEOS acquisition of Seal Sands site (UK) from BASF

INEOS Nitriles confirms that it has received unconditional clearance from the European Commission for the purchase of the Seal Sands site on Teesside (UK) from BASF plc, a subsidiary of the German chemical company BASF. INEOS expects the acquisition to be completed within the ...

SABIC Innovative Plastics Announces VDE Certification of 10 Flame-retardant Materials for Household Appliance Applications

To help household appliance manufacturers accelerate time to market by streamlining regulatory approvals, SABIC Innovative Plastics announced a full portfolio of flame-retardant materials that have achieved certification from VDE (Verband der Elektrotechnik Elektronik Information...

Consumption and imports of thermoplastics on the rise in Brazil

Consumption and imports of thermoplastics is on the rise in Brazil, including polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC) and copolymer of ethylene and vinyl acetate (EVA). Imports surged by 521,700 tons in the first half this year, rising 60...

PolyOne in exclusive license agreement with Battelle for Bio-Plasticizer Technology

Polyone Corporation, a premier provider of specialized polymer materials, services and solutions has announced that it has entered into an exclusive license arrangement for a series of bio-based plasticizer technology patents owned by Battelle. The global market for plasticizers ...

New Study from Ceresana Research: Change in the Global HDPE Market

Whether used in shopping bags, packaging materials, or buckets, we see high density polyethylene (HDPE) every day. Less obvious, but nevertheless important products made from HDPE include water pipes, gas mains, oil tanks, and cable casings. A new study from Ceresana Research ...

Environmental clearance for ONGC-Mangalore Petrochemicals' Aromatic Complex

Environmental clearance has been received for an Aromatic Complex, to be set up in a Special Economic Zone (SEZ) by ONGC-Mangalore Petrochemicals Ltd (a Special Purpose Vehicle of ONGC-MRPL). The licensor's selection for the Aromatics Complex has been completed and basic ...

US EPA rejects Texas ethanol waiver

HOUSTON--The Environmental Protection Agency (EPA) rejected on Thursday a request by the state of Texas to waive a federal mandate for ethanol consumption. Under the mandate the US will be required to blend 9bn gal (34bn litres) of ethanol into its gasoline this year. In 2009, ...

Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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