industry

Engro Asahi Polymer Chemicals - Pakistan's sole polyvinyl chloride (PVC) producer has embarked on an ambitious US$221 mln expansion plan. Engro Asahi has secured loan amounting to US$150 mln, that will be utilized to partly fund expansion of its PVC plant and construction of a ...
India's largest petrochemical manufacturer Reliance Industries has completed acquisition of Indian Petrochemicals Corp. (IPCL) after a share swap and court approval. Reliance has agreed to swap one Reliance share for every five shares in IPCL. The amalgamation of IPCL with ...
Larsen & Toubro Ltd. has secured two contracts collectively valued at Rs 267 crore from Indian Oil Corporation and Liaoning Huajin Chemical Corporation, China, for their capacity expansion. The orders will be executed by L&T's heavy engineering division. The IOC order is for coke ...
Philippine oil refiner Petron Corp. has awarded a contract to construct the storage and loading facilities for its $300 mln petrochemical project to Daelim Industrial Co. Ltd. of South Korea. Financial details of the contract with Daelim have not been revealed. Petron, a 50:50 JV ...
Qapco, the 80:20 joint-venture between Industries Qatar and Total Petrochemicals has successfully completed the expansion project at its ethane cracker of Messaied, at an investment outlay of US$230 mln. Launched in 2003, this expansion project has added a parallel train of 200...
Results of a study conducted by food scientists at the University of Virginia indicate if clear packaging is expected to be as protective as opaque materials, especially for pathogen-friendly foods such as meat and fresh vegetables, it will involve more work. Consumers generally ...
ExxonMobil Chemical Company has completed its detailed study of a second world-scale steam cracker complex in Singapore and made the final decision to proceed with construction. The project will be located at and integrated with its existing Singapore site, providing feedstock, ...
China Direct, Inc., a company maintaining active, controlling stakes in a diversified portfolio of Chinese companies as well as offering consulting services for both private and publicly traded Chinese entities, announced Wednesday that it has entered into an agreement with ...
Copper was steady early afternoon, and the other metals softer, as poor sentiment tempered the effects of price-positive supply and demand fundamentals.
Reports indicate that Saudi Chevron Phillips Co is likely to delay the start up of the US$3 bln petrochemical plant in Jubail from Q4-2007 to Q1-08, with an ethylene production capacity of 220,000 tpa. Saudi Chevron Phillips Company is equally owned by Saudi Industrial Investment ...
The naphtha Asian market is likely to remain under pressure with a supply glut that will be caused by continuance of high naphtha export volume by Indian refiners. The Indians are expected to sustain naphtha exports at 900,000 tons for October despite the end of the monsoon. ...
Fast-forming Hurricane Humberto has stunned the area around the Texas-Louisiana border. Humberto had been expected to hit land as a tropical storm, but suddenly transformed and strengthened into an 85 mph (137 kph) hurricane - the fastest on record. As Humberto struck, it killed ...
Chennai Petroleum Corp Ltd (CPCL) is currently holding discussions with TIDCO to identify about 3,000 acres of land at Ennore for expansion plans that include petrochemical projects and a 15 mln tpa grassroot refinery cum petrochemical complex with Indian Oil Corporation Ltd. The ...
HOUSTON (ICIS news)--US acrylonitrile (ACN) spot prices were pushed to record highs due to tightened supply amid output-related issues, sellers and traders said on Friday. I haven t seen it like this in all the years I ve been here, an ACN producer said. Completed deals have been ...
Russian regional oil producer Tatneft has signed a preliminary agreement with US engineering company Fluor Corp. to build an oil refining and petrochemical complex in Nizhnekamsk. The new complex will encompass a refinery with capacity of 7 million metric tpa of crude oil, a deep ...
Sri Lanka (Daily News) -- The Government is to invest over Rs. 400 million on the rubber industry this year to encourage future markets for rubber products, Director Rubber Research Institute Dr. Asoka Nugawela told the Daily News. He said the future requirement for rubber will ...
Horgen, Switzerland -- Effective 1 October 2007, or as contract terms allow, the Polyurethanes business of Dow Chemical will raise its prices in Europe for toluene diisocyanate (TDI) by 100 Euro/MT. In IMEA, prices for flexible polyols and TDI will increase by 100 $/MT. This ...
Chinese spot domestic alumina prices remained steady this week, at about Yuan 3,400/mt ($453) ex-plant for non-Chalco materials, unchanged from the past two weeks, local industry sources said Wednesday. Chalco, however, continued to offer at Yuan 3,900/mt.
OMV AG has commenced construction on a 360 km ethylene pipeline extension in Bavaria as part of a consortium-based project. The Ethylene Pipeline South (EPS) project is scheduled to be completed in September 2008 at a total cost of around 150 mln eur. The project cost has gone up ...
Engineering and construction company - The Shaw Group Inc.'s company has been awarded a contract to design and build ExxonMobil Chemical s new petrochemical plant and power generation facility in Singapore. The project is part of ExxonMobil Chemical s second petrochemical complex ...
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 ...
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 ...
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 ...
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 ...