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Eastman plans strategic investmens for healthy growth

Eastman Chemical Company expects its recent strategic initiatives to result in a doubling of earnings per share to US$10 by 2012. Eastman expects its previously announced industrial gasification projects in Texas and Louisiana to contribute approximately $2 per share by 2012. ...

Oil Refineries Subsidiary Carmel Olefins acquires 49% of Netherland-Based Domo Polypropylene

Israel's largest oil refiner - Oil Refineries Ltd. (ORL)'s wholly owned foreign subsidiary Carmel Olefins Ltd. has agreed to acquire 49% of the outstanding share capital of Domo Polypropylene BV. Carmel Olefins is a private company in which ORL holds 50% stake. Completion of the ...

CO2 market set for roller coaster two years: European trade group

Brussels--21Feb2008 Carbon dioxide prices are likely to be extremely volatile over the next two years as the market reacts to indications of what kind of post-Kyoto climate agreement could be negotiated by the end of 2009, a senior business executive told the European Business ...

Data about newly-discovered Brazilian natural gas reserve stolen

RIO DE JANEIRO-- Computer equipment stolen early this month from Brazil's state-owned energy giant Petrobras bore information about a newly discovered natural gas reserve, the local press reported Wednesday. The stolen computer contains information about the drill NS-21 used ...

Great Plains, Aquila unable to reach deal with Missouri parties

Portland, Maine --21Feb2008 Great Plains Energy and Aquila have been unable to reach a merger settlement with key Missouri stakeholders after weeks of negotiations, the two utility companies said late Wednesday. The Kansas City, Missouri-based companies asked the Missouri Public ...

OPEC oil price hits new record high

VIENNA, Feb. 21-- The daily average oil price of the Organization of Petroleum Exporting Countries (OPEC) hit a new record high of 94.23 U.S. dollars per barrel on Wednesday, the Vienna-based cartel said on Thursday. The new peak, 0.45 dollars higher than the previous record of ...

Italy's Ilva takes Vale's new benchmark iron ore fines prices

RIO DE JANEIRO-- Brazilian miner Vale, the world's largest iron ore exporter, announced Wednesday that it has completed negotiations on the price of iron ore fines with Italy's biggest steelmaker Ilva. The new prices represented a rise of 65 percent in the price for the iron ore ...

U.S. crude oil inventories rise by 4.2 mln barrels last week

WASHINGTON, Feb. 21-- U.S. commercial crude oil inventories rose last week by 4.2 million barrels, more than the 2.9 million barrel gain expected by analysts, the Energy Department reported Thursday. The nation's commercial crude oil inventories reached 305.3 million barrels in ...

Bridgestone reports 2007 profit

Tokyo -- Bridgestone Corp. announced Tuesday its consolidated business and financial results for the fiscal year ended December 31, 2007. Bridgestone reported net profit of 131.6 billion yen ($1.22 billion) for 2007, compared to 85.1 billion yen in the same period last year. The ...

Schaumaplast-Organika packaging joint venture

Polish-German packaging joint venture Schaumaplast-Organika has launched an expanded polystyrene (EPS) moulded transit packaging plant in Lodz, Poland. The new facility has been built jointly by German expanded polypropylene foam (EPP) and EPS packaging maker Schaumaplast of ...

Atrium acquires Multicare B.V.

Atrium Innovations Inc. announced the acquisition of Multicare B.V. which has its headquarters in Almere, located near Amsterdam, in the Netherlands. Multicare, through its subsidiary MCO Health B.V. ("MCO Health"), manufactures and markets a complete range of nutritional ...

Olin caustic soda FM worsens supply crunch

div>HOUSTON -- Olin s declaration of a system-wide force majeure (FM) on chlor-alkali production will further aggravate the critically-tight global supply of caustic soda and push prices higher more quickly, industry participants said on Friday. The announcement by the third ...

MaterialScience acquires TPU related intellectual property rights from Collins & Aikman

Bayer MaterialScience has recently purchased the thermoplastic polyurethanes (TPU) related intellectual property rights from Collins & Aikman (C&A). thus extending its portfolio for TPU molded skins used in instrument panels in the vehicle interior. The intellectual property ...

Polyolefins rise in Europe

The hike in price of most polyolefins was restricted this month, after the high mark-ups seen in January. Producers' plan to pass on balance of the monomer increases in early February 2008 was forced to be aborted due to slow ordering by buyers. EVA and LLDPE rose up to EUR 35...

Nanocomposites Market in the US to double by 2011

Although the hype surrounding polymer nanocomposites has been in full-throttle for over a decade, so far the market for these new materials has been relatively slow to develop. However, as commercial interest has moved beyond pilot programs and niche applications, it appears that ...

Samsung Engg awarded US$341 mln contract for PP plant at Al-Jubail

Samsung Engineering has been awarded an additional procurement and construction contracts by Saudi Kayan Petrochemical. The contract, worth US$341 mln is to build a polypropylene (PP) plant as part of a new petrochemicals complex at Al-Jubail. The 350,000 tpa project, which would ...

New understanding of how big molecules bind will lead to better drugs, synthetic organic materials

Biological and medical research is on the threshold of a new era based on better understanding of how large organic molecules bind together and recognise each other. There is great potential for exploiting the molecular docking processes that are commonplace in all organisms to ...

Eliokem strengthens its position in Asia with the acquisition of Polymer Division of Apar Industries in India

Eliokem has completed the acquisition of the Polymer Division from Apar Industries Ltd, India on February 15, 2008 for an amount of INR 111 Crores (US$ 28m). The Indian acquisition is the result of the expansion strategy of the company in Asia which is fully supported by AXA ...

Honeywell expands its laboratory chemicals portfolio in Europe

Honeywell announced that it has significantly expanded its portfolio of laboratory chemicals used in drug discovery and research and development in Europe. The products are sold globally under the Honeywell Burdick & JacksonR (B&J) brand name. The B&J portfolio has been expanded ...

BASF plans to raise dividend to Euro 3.90 per share and proposes 1:2 stock split

Ludwigshafen, Germany February 21, 2008 The Board of Executive Directors of BASF SE today decided to propose to the Annual Meeting on April 24, 2008 to increase the dividend for 2007 by Euro 0.90, or 30 percent, to Euro 3.90 per share and to conduct a 1:2 stock split. Both ...

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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