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Thermotec the new name for Sertec Plastics

31 July 2007 - Thermotec Plastics is the new name for Sertec Plastics, effective 2 July. The company will continue to operate from its existing premises in Witton, Birmingham. Sertec Plastics was acquired from Sertec Group Holdings, which specialises in metal pressings for the ...

Crude prices decline after hitting new high

NEW YORK, Aug. 1 -- Crude prices declined Wednesday after hitting a new record on the government's report of a deep drop in crude inventories and surge in refinery activity. The Energy Department's Energy Information Administration reported that oil inventories fell by 6.5 ...

CNOOC to exploit oil with US firm despite new tax policy on oil exports

BEIJING, July 31 -- China National Offshore Oil Corp. (CNOOC), the country's largest offshore oil producer, is in talks with a U.S. firm for a possible product-sharing contract on an oilfield in the South China Sea. The contract, likely to be inked in a few weeks, will make Texas...

China National to buy stake in China copper-silver mine

Hong Kong-based China National Resources Holdings Ltd. signed an agreement to acquire 55 % of Xinjiang Mining, owner of exploration and production rights at copper and silver mine in western China for HK$1.98 billion ($253 million) in new shares, the company said in a statement ...

Average price for Urals oil exceeds $74 per barrel in July

MOSCOW, August 1 - The average price of Urals oil hit $74.24 per barrel in July against a record $69 last July, a source in the Russian economics ministry said Wednesday. The source said oil prices in July and August would allow the ministry to see if the Russian federal budget ...

Russia to cut natural gas supplies to Belarus 45% from Aug. 3

MOSCOW, August 1 - Russian gas giant Gazprom said Wednesday it would reduce natural gas deliveries to Belarus by 45% from August 3 over outstanding payments, adding that Europe-bound supplies would not be affected. Minsk owes Russia over $450 million for natural gas supplied in ...

Huntsman and Flint Hills Resources Close on Sale of U.S. Polymers Business

Peter R. Huntsman, President and CEO of Huntsman Corporation (NYSE: HUN), today announced that Huntsman and Flint Hills Resources, LP, an independent, wholly owned subsidiary of Koch Industries, Inc., have closed on the sale of Huntsman's U.S. Polymers business. The parties will ...

West pressures OPEC to increase oil production

PARIS, Aug 2, 2007 - Western countries are turning up the heat on OPEC to ramp up oil production, analysts said Thursday, a day after crude prices soared to record heights. Analysts said OPEC, which has not commented on the record price, was now obliged to consider increasing ...

Noveon to expand Chinese TPU plant

1 August 2007 - Noveon is planning to expand capacity at its Estane TPU manufacturing facility in the Song Jiang Industrial Zone near Shanghai in China. The company did not specify in its announcement the increased tonnage following the expansion at the plant, which has been in ...

ExxonMobil Chemical to roll out improved butyl rubber process

1 August 2007 - ExxonMobil Chemical has begun commercial production of butyl rubber by a new breakthrough technology at its Notre dame de Gravenchon (NDG) plant in France. The company says the process will enable it to expand capacity from its existing butyl rubber plants as well ...

China's alumina price to fall due to domestic market surplus

China's alumina market will face surplus pressure, with prices likely to fall in the remaining months of this year, industry insiders told Interfax yesterday at the China 2007 Alumina Market Conference held in Harbin.

China's copper imports expected to rise: Analysis

Chinese copper cathode imports are set to rise after dropping off in recent weeks, Germany's copper producer Norddeutsche Affinerie AG (NDA.XE) said Thursday.

War-torn Iraq happy with high oil prices

BAGHDAD -- War-torn Iraq is pleased that high oil prices will help fund emergency reconstruction work, but does not want a price bubble to cause instability, oil minister Hussein Al Shahristani said Thursday. Speaking shortly after New York oil prices hit and then retreated from ...

Basell set to buy Shell refinery in France

2 August 2007 - A programme by Royal Dutch Shell to sell some of its European oil refineries has given Basell the opportunity to make an offer for the oil group s refinery at the Berre l'Etang petrochemical complex in France. Basell has agreed to pay $700m for the refinery and ...

I G Petrochemicals Ltd mulls acquisition of German company

The world's third largest producer of Phthalic Anhydride- I G Petrochemicals Ltd. (IGPL), is mulling overseas acquisition in Germany worth over US$300 million. Currently, the company has concluded a study of three to four German majors and plans to complete the acquisition very ...

Unipetrol Group to amalgamate several units

As part of its ongoing transformation, Czech petrochemicals company Unipetrol Group plans to amalgamate Chemopetrol, Unitpetrol Rafinerie and Unipetrol Refineries, Petrochemicals, Agrochemicals units by way of a merger. Chemopetrol and Unitpetrol Rafinerie will be wound up ...

New Composites offer better alternative to Lead in Radiation Shielding Applications

GE Plastics has launched a new line of thermoplastic materials with high specific gravity (HSG) that may replace lead in many healthcare applications that call for radiation shielding. Medical equipment and devices that produce x-rays and gamma rays must be shielded to protect ...

Emerson to Digitally Automate China's Largest Integrated Refining/Petrochemical Facility

03 Aug 2007 - Emerson Process Management, an Emerson business, announced that the company has been selected to digitally automate the Fujian Refining and Ethylene Joint Venture Project in Quanzhou City, Fujian Province, China. It is the largest integrated refining and petrochemic...

IOC plans 2.4 mln tons of naphtha export

India's top state-run refiner Indian Oil Corp. plans to export 2.4 mln tons of naphtha in the year ending March 2008. This is a sharp rise from last years export levels of 1.6 mln tons.

Polyethylene Market Update in North America, July 30, 2007

Volume: Very high Price: Higher It was an interesting week for Polyethylene trading, with anxiety building ahead of contract settlements. After a busy previous week, the spot market started out quiet and steady on Monday. A heavy flow of offers began on Tuesday, prices were ...

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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