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BASF Targets 90 Billion Euros in Revenue by 2020

p> BASF SE, the world s biggest chemical maker, plans to increase revenue to more than 90 billion euros ($110 billion) by 2020, led by growth in Asia and South America. Revenue is expected to swell to 20 billion euros in the Asia-Pacific region by the end of the decade, the ...

3rd MDL Conference Summit to Be Held in Shanghai

Dimethyl Ether (DME), the once God s favoured one, now becomes somewhat miserable. The previously planned projects are still being under construction. And the situation of the unbalance between supply and demand keeps being intensified. What s more, there often happened the ...

PPG Tianjin takes home CSR-Environment Award

TIANJIN, China, June 3, 2010 ---The largest plant of PPG Industries (NYSE:PPG) in Asia, PPG Coatings (Tianjin) Co., Ltd, recently won the CSR-Environment Award in CSR-Environment Forum sponsored by TEDA Environmental Protection Bureau, TEDA International Chamber of Commerce and ...

PPG sponsors writing competition for middle school students in Zitong

Zitong, Sichuan, China, June 4, 2010 As part of its commitment to the local community, PPG Industries (NYSE:PPG) recently sponsored a PPG Eco-life Around You writing competition for 10 middle schools in Zitong, PPG s corporate social responsibility (CSR) base in Sichuan province, ...

London stock market falls by midday

LONDON ,June 2-Shares in BP fell a further 2.2 percent Wednesday on news that the U.S. government had begun criminal and civil investigations into the Gulf of Mexico oil spill. Worries over BP also hit other energy shares and helped to drag the wider market lower. The FTSE 100 ...

Rubber falls as oil weakens

June 2-Rubber declined for the first time in three days as weakening crude oil prices cut the appeal of the commodity used to make tires and the Japanese currency strengthened. "Oil trading below $70 a barrel is pressuring rubber markets both in Tokyo and Shanghai," said Chaiwat ...

Shougang Steel may ink Tonggang deal this month

div>BEIJING - Shougang Steel Group is likely to acquire a majority stake in Jilin-based steelmaker Tonghua Iron & Steel Group (Tonggang) this month, according to a Tonggang official. The restructuring deal will bolster cash-strapped Tonggang, the official said. "Shougang ...

BASF to Increase Prices for Butanediol and Derivatives in Europe

div align="justify">With immediate effect, or as existing contracts permit, BASF SE will increase its European selling prices for the following products: 1, 4 Butanediol (BDO) +250 EUR/t Tetrahydrofuran (THF) +250 EUR/t Polytetramethylene ether glycol (PolyTHF) +330 EUR/t N...

GNFC takes up two new chemical projects in state

The Gujarat Narmada Valley Fertilisers Company Ltd (GNFC) claimed that the projects taken up by the company will take the state's chemical and fertiliser industry to new heights and would also attract new industries. With the capacity expansion of 50,000 MTPA Toluene Di...

PX Price In Asian Market

p>PX: Fell $13 Wednesday to close at $884.50/mt FOB Korea and $902.50/mt CFR Taiwan/China. There were no participants during the Platts Market on Close assessment process and activity was limited as South Korea was closed for a public holiday. Market sentiments improved slightly ...

Asian Weekly PP Price Assessments - 2Jun10

p>Asian Weekly PP Price Assessments - 2Jun10 Sydney (Platts)--2Jun2010/657 am EDT/1057 GMT (USD/MT) CFR FE Asia CFR SE Asia CFR S Asia PP RAFFIA/INJ 1219-1221 1239-1241 1249-1251 IPP FILM 1269-1271 1289-1291 1299-1301 BOPP 1269-1271 1289-1291 1299-1301 BLOCK COPOL 1339-1341 1359...

Lanxess Expands Its Aromatics Network

Lanxess has completed a ?5m ($42m) expansion of its unit for monochlorobenzene, cresols and derivatives in Leverkusen, Germany. With the last expansion stage completed, overall production capacity has increased by up to 60% at three Leverkusen plants. The specialty chemicals ...

3rd MDL Conference Summit Meets You Shanghai

p>Dimethyl Ether (DME), the once God s favoured one, now becomes somewhat miserable. The previously planned projects are still being under construction. And the situation of the unbalance between supply and demand keeps being intensified. What s more, there often happened the ...

Ford asks suppliers to calculate their carbon footprint

May 21-Ford is looking beyond its own doors to discover the size of its carbon footprint. The automaker is asking its supply base to tally their own environmental impacts, starting with a handful of key parts such as seats. Suppliers play an important role as we look to reduce ...

Nuova Pansac has second thoughts on cut-backs

May 21-After intense discussions with unions and local authorities, troubled Italian film maker Nuova Pansac has back-tracked on its decision made last week to fire 500 of its 850 workers and close two of its five plants. The talks were held earlier this week in the offices of ...

US propylene contract prices poised for June plunge

HOUSTON ,May 21-US propylene contract prices are likely to settle lower in June, but the amount of the decrease remains a moving target, monomer and polypropylene (PP) market participants said on Friday. Most downstream market sentiment was focused in the minus 8-10 cents/lb (...

Sibur joins forces with RIL in Indian rubber deal

May 21-Russia s leading petrochemicals group Sibur Holding is planning to join forces with Reliance Industries (RIL), India s top private sector company, to produce synthetic rubber in India. Moscow-based Sibur and Reliance Industries (RIL) of Mumbai, India have signed a ...

Strong first quarter for Lanxess

p> Lanxess more than tripled EBITDA pre exceptionals to EUR 233 million in the first quarter of 2010 due to improved economic conditions worldwide, in particular in Asia and Latin America. Above all, the company s worldwide synthetic rubber activities benefited from a strong ...

BASF Announces Isocyanate Increases

p> Effective June 21, 2010 or as contract allows, BASF Corporation is raising the price for all Lupranate MDI products by $0.07/lb and the price for all TDI products by $0.10/lb.

Guangzhou Yutian's Polyether Facility Put into Operation

p> PUWORLD(2010-05-19) Recently, Guangzhou Yutian s Phase I 70kt/y polyether facility put into operation and yield qualified products. The facility, which was invested by Yutian Chemical Industry, had a designed capacity of 150kt/ton polyether plant. After the on-stream of Phase ...
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