industry

In line with BP's strategic intent to exit the Korean PTA market, the company is to hive off its stake in Samsung Petrochem. BP PLC has agreed to sell its 47.4% stake in South Korean Samsung Petrochemical Co for US$70 mln in cash to Samsung Corp. Samsung Corp already owns 47.4% ...
ABU DHABI, Oct. 10 (Xinhua) -- An investment company of the United Arab Emirates (UAE) on Wednesday got an approval from the Pakistani government to build a refinery worth five billion U.S. dollars in the country's Balochistan province, Emirates News Agency reported. The approval ...
Houston, TX (bizjournals) -- KMG Chemicals Inc. is buying Air Products and Chemicals's high-purity process chemicals business. Houston-based KMG Chemicals said the unit is the largest United States supplier to semiconductor manufacturers. The $74.6 million acquisition includes a ...
World's number two PVC maker - Formosa Plastics Corp has posted a record quarterly profit on robust demand from China that has aided stronger prices. Net income surged 65% to NT$20.1 bln (US$619 mln) for Q3 ended Sept. 30, up from NT$12.2 bln a year earlier. China buys almost 33% ...
Preventing oxygen permeation through plastic packaging reduces food oxidation. The oxidation of foods or liquids reduces shelf life, and affects the sensory properties, and is a major issue in the food industry. Honeywell Specialty Films has introduced the new film as part of its ...
Gas utility GAIL and Lukoil, the world's second largest private oil company by proven hydrocarbons reserves, have formed a panel of senior executives to explore the possibility of jointly setting up a petrochemicals plant in Russia and farming in the Indian state-owned company in ...
Stretch and shrink film demand in USA is projected to increase 4.7% pa to US$4.7 bln in 2011, amounting to 3.2 bln pounds of resin. Demand growth for films will be stimulated by healthy expansion in the manufacturing sector and growing requirements for product packaging and the ...
Fortron Industries LLC, a joint venture between Ticona Engineering Polymers and Kureha Corporation, has expanded its Fortron linear polyphenylene sulfide (PPS) plant in Wilmington. Capacity has been doubled to 15,000 metric tpa - a result of a three-year effort that has created ...
NEW YORK, Oct. 26 (Xinhua) -- Crude-oil futures closed at a new record on Friday, as worries over energy supplies and tensions in the Middle East propelled the market to a new peak. Crude oil for December delivery climbed 1.40 U.S. dollars to end at 91.86 U.S. dollars a barrel on ...
BRUSSELS, Oct. 26 (Xinhua) -- Steel producers of the European Union (EU) are threatening to file anti-dumping complaints to the European Commission next week against rising imports from China, media reports said on Friday. "It will probably be next week, perhaps as soon as Monday...
October 25th 2007, BASF received the AstraZeneca Award for Excellence in Green Chemistry and Engineering , one of eight IChemE Awards 2007 , for its novel process for producing cyclododecanone (CDon). This new process developed by BASF researchers consists of three steps and ...
KINGSPORT, Tenn., Oct. 29, 2007 - Eastman Chemical Company is increasing prices on the following products effective Nov. 1, or as contracts allow. These increases are due to increased market demand and operating costs, particularly in raw materials, energy and freight. Eastman DB ...
Wilmington, DE -- DuPont has formed an alliance with Morph Technologies, Integran Technologies, and PowerMetal Technologies to develop and commercialize a nanocrystalline metal/polymer hybrid technology. The technology will be used to manufacture extremely lightweight components ...
Eastman, the world's leading supplier of PET for packaging plans to significantly shrink the business. The move, that will turn PET from Eastman's largest business segment into the company's smallest segment by the end of 2008, will be achieved by divesting or shutting down much ...
With effect from 15 November 2007, Bayer MaterialScience plans to raise worldwide prices for its "Makrolon", "Bayblend" and "Makroblend" resins. In Europe, the Middle East and Africa, the hike will be EUR 0.15/kg. In Asia Pacific and North America, prices will go up by USD 0.20...
South Korea's SK Engineering & Construction has been awarded a US$108 mln order to build a plant for Thai Polypropylene Co, a unit of Siam Cement Group. The new plant, to be located in Map Ta Phut industrial complex, will produce an 400,000 tpa of polypropylene from 2010.
Royal Dutch Shell's cracker in partnership with China National Offshore Oil Company, and in operation since late 2005 operated at 94% capacity in the first 9 months of this year, up from 85% last year. Shell expects its Chinese naphtha cracker, in southern Guangdong province, to ...
By virtue of its excellent performance, polyethylene is regarded as one of the fastest-growing synthetic resins of China as per a report by Research and Markets. Currently, China has become the largest polyethylene import country and the second largest consumption country in the ...
NEW YORK, Oct. 29 (Xinhua) -- U.S. light, sweet crude rose for a fourth day and closed at a record high of 93.53 dollars a barrel on New York Mercantile Exchange on Monday. The price rallied after bad weather forced Mexico to briefly halt one-fifth of its oil production, and the ...
Escalating prices charged by contractors is expected to hike construction costs by 14% as per an estimated by Industries Qatar, the largest company listed on the Doha Securities Market. This situation has arisen due to the construction boom in the Arabian Gulf; as the region ...
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 ...