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Huntsman Announces Appointment of New Board Member

Huntsman Corporation today announced the appointment of Sir Robert Margetts as a new director to its Board of Directors effective August 4, 2010. Sir Robert, age 63, has served as Chairman - Europe of Huntsman Corporation since 2000, a position from which he resigned in ...

BASF announces polyurethane systems price increase in North America

WYANDOTTE, MI, August 10, 2010 -- BASF today announced that effective August 15, 2010, or as contracts allow, it will increase prices by $0.07/lb for all spray polyurethane and adhesive products, which include, but are not limited to ELASTOSPRAY , COMFORT FOAM , SPRAYTITE , ...

Goodman rosy on China investments

Goodman Group, the world's third largest logistics facilities operator, said it expects to increase its investments in China 500 percent within five years, backed by further support from cornerstone investor China Investment Corp (CIC). CIC invested A$500 million (3.13 billion ...

August 3,2010, Hanwha Chemical to acquire $370 mn stake in Solarfun

Hanwha Chemical is to acquire a 49.99% holding in Chinese photovoltaic cell manufacturer Solarfun Power Holdings for $370 million. The acquisition means that Hanwha Chemical can expand into a growing market sector and will allow them to secure production capacity in the rapidly ...

August 2, 2010, Ineos Sells PVC Film Business to Indian Company

Ineos Group is to sell its global films business to Indian pharmaceutical film specialist Bilcare for around 100 million. The business is involved in pharmaceutical blister packaging, films for printing and decoration, shrink film for sleeves, capsules and plastic credit cards ...

August 2, 2010, Huntsman to acquire Indian chemicals business

Huntsman Corp. has agreed to acquire the chemicals business of Indian company Laffans Petrochemicals Ltd.Financial terms of the agreement were not disclosed. Ankleshwar, India-based Laffans was formed in 1994 to make ethylene oxide derivatives. The chemicals business, which makes ...

July 26, 2010, Invista might sell business that manufactures in Wilmington

Invista says it might sell one of the businesses whose products are manufactured at its Wilmington facility. The company has begun to value its North American polyester polymer and resins business for a potential sale, said Erica Taylor, Invista spokeswoman. Invista also makes ...

July 22,2010, Wilmar buys Natural Oleochemicals for $192m

Wilmar International, the world s largest palm oil trader, agreed to buy a majority stake in a Malaysian producer of oleo-chemicals used in soaps for 450 million ringgit ($192 million). Wilmar will buy 91.38% of Natural Oleochemicals Sdn from Kulim (Malaysia) Bhd., Wilmar said in ...

July 15, 2010, Merck KGaA Completes Acquisition of Millipore; Creates Merck Millipore Division

Merck KGaA*, a global pharmaceutical and chemical company, today announced the successful completion of its acquisition of Millipore Corporation (formerly NYSE: MIL), a leading Life Science company based in Billerica, Massachusetts, USA, for an aggregate purchase price including ...

July 2, 2010, Wacker Completes Acquisition of Silicon Metal Production Site in Norway

Wacker Chemie AG has successfully concluded its acquisition of the silicon-metal production site in Holla from FESIL Group (Norway). The transaction announced early last month has now been cleared by the relevant antitrust authorities and approved by WACKER s and FESIL s ...

US polypropylene market expected to remain tight through H1 Sep

US polypropylene supplies were characterized as tight this week and were expected to remain so through the first half of September and possibly longer, sources told Platts this week. Sources pointed to strong demand and inventory management as the primary drivers behind the ...

Port closure disrupts India's Supreme Petrochem PS exports

Supreme Petrochem, India's largest polystyrene producer, has declared force majeure for its exports after the nation's key west coast port of Mumbai was closed after the collision of two ships on Saturday, a company source said. Shipping traffic was halted to facilitate the ...

Saudi Kayan begins trial run of MEG unit, cargo not on-spec yet

Saudi Arabia's Saudi Kayan Petrochemical Company has started its 537,000 mt/year ethylene glycol line at its new complex at Jubail Industrial City but has not yet achieved on-spec material, a source close to the company said Thursday. "The MEG line is not running at 100% yet and ...

Shandong Coking Industry group lowers August reference coke price

Shandong Coking Industry Association cut its reference metallurgical coke prices by 10% for August deliveries compared to June, according to a release by SDCIA. It did not give reference prices for July deliveries. After the adjustments, the August reference price for first-grade ...

UK's Centrica to buy Suncor natural gas assets in Alberta

The UK's Centrica said Thursday it had agreed with Suncor Energy to buy the Canadian company's natural gas assets in the Wildcat Hills region of Alberta for C$375 million ($357 million). The acquisition will be made through Centrica subsidiary Direct Energy,whose gas reserves ...

US EIA ups OPEC oil earnings forecast $8 bil to $821 bil in 2011

The US Energy Information Administration has raised its forecast of oil producer club OPEC's oil export earnings next year to $821 billion from the $813 billion projected a month ago. For this year, the EIA has increased its previous projection by $1 billion to $752 billion. The ...

EU to probe circumvention of antidumping duties on US biodiesel

The European Commission launched Thursday an investigation to determine whether antidumping duties imposed on US subsidized biodiesel, known as B99 (a mixture of 99% biodiesel and 1% gasoil), are being circumvented, the European Biodiesel Board said in a statement. The investigat...

Global Aniline Consumption to Reach 6.2 Million Tons by 2015, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a global report on Aniline market. The global aniline market is projected to reach 6.2 million tons by the year 2015, led by the increasing demand from various end-user markets. In particular, the rising demand from methylene diphenyl diisocyanate ...

DSM Tries Again To Sell Special Products Unit

DSM is trying again to sell its DSM Special Products business, a producer of benzoic acid and derivatives that the company tried, but failed, to sell two years ago. The planned sale, revealed in the Dutch firm's second-quarter earnings report, is to Emerald Performance Materials, ...

America: Chevron finds more gas in Australia's Carnarvon Basin

Chevron said Thursday that it has discovered natural gas in the Exmouth Plateau area of the Carnarvon Basin offshore western Australia, an area the company is developing to feed its planned liquefied natural gas terminals. The Brederode-1 exploration well, about 217 miles ...

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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