Chemical Business Newsbase articles from August 2001, page 29

Chemical Business Newsbase archives from August 2001

CHEMICAL MARKET REPORTER: Bristol-Myers Squibb to sell skin products unit.
August 8, 2001... Bioglan Pharma is to acquire Bristol Myers Squibb's skin products unit at a cost of $700 M. Website: http://www.chemexpo.com/cmronline

CHEMICAL MARKET REPORTER: Chemical profile: linear alkyl benzene. [1 table].
August 8, 2001... A table gives N American production capacity for linear alkyl benzene (LAB). Total capacity was 1130 M pounds split: Condea Vista Baltimore, MD 300 M pounds, Condea Vista Lakes Charles, LA 210 M pounds, Huntsman Chocolate Bayou, TX 400 M...

HANDELSBLATT WIRTSCHAFTS-UND FINANZZEITUNG: Fres enius Medical Care increases sales and profits in 2Q.
August 8, 2001... Fresenius Medical Care increased its net profits by a quarter in 2Q to $62 M on sales up almost 16% to $1.2 bn. Full-year sales are expected to be up 12- 14% and net profits a fifth. The company is market leader in dialysis, for...

HANDELSBLATT WIRTSCHAFTS-UND FINANZZEITUNG: Air Liquide increases half-year sales.
August 8, 2001... Air Liquide SA increased its sales 12.9% to EUR 4.31 bn in 1H. 2Q sales were up 8.9% to EUR 1.99 bn. Growth could slow in 2H. 146, Pg. 12 Original text in GERMAN

DAGENS NAERINGSLIV: Primex is bankrupt.
August 8, 2001... The Norwegian marine biotechnology company Primex Ingredients has been declared bankrupt. The firm has debts totalling around NKR 80 M but it was thought that bankruptcy could be avoided until Fokus Bank stopped the cash credit. ...

DAGENS NAERINGSLIV: AL Industrier increases share in Alpharma.
August 8, 2001... AL Industrier, Norway, has increased its stake in the US-quoted pharmaceuticals company Alpharma from 23.6% to 28%. To fund the purchase AL Industrier's daughter company AL Chemy converted a bonds loan of around NKR 620 M to 2.4 M b...

DAGENS NAERINGSLIV: Scanwafer results 1H 2001.
August 8, 2001... In 1H 2001 Scanwafer, Norway, recorded an operating income of NKR 50.6 M, 43.8% up on 1H 2000. Operating results were up 87.2% to NKR 7.3 M but Scanwafer reported a loss of NKR 3.5 M, mainly because of operational project costs of NKR...

DAGENS NAERINGSLIV: Prestige contract for Hydro Automotive Structures.
August 8, 2001... Hydro Automotive Structures at Raufoss, Norway, was recently awarded a NKR 200 M/y contract to supply MercedesBenz with aluminium bumper covers for 400,000 cars per year. The bumpers are for a number of models, including the new SL super...

DAGENS NAERINGSLIV: Fesil closes silicon smelter.
August 8, 2001... Fesil will soon close one of its smelter ovens in order to reduce its production of silicon metal. The company may need to cut a number of production units because of the weakness of the market. It is currently coping with a marked...

DAGENS NAERINGSLIV: Orkla expects good results in 2001.
August 8, 2001... Orkla, Norway, is predicting a pretax result of NKR 1.2 bn for 2Q 2001, with forecasts varying from NKR 1045 M to NKR 1422 M. The average prediction for operating result is NKR 1073 M, with estimates varying from NKR 923 M to NKR 1230 M....

DAGENS NAERINGSLIV: PhotoCure applies for approval of cancer agent.
August 8, 2001... Norwegian biotechnology company PhotoCure is seeking approval for marketing its topical skin cancer agent Metvix PDT in 16 European countries, including Norway. Sweden granted a go ahead for marketing on 15 Jun 2001 and the company is...

DAGENS NAERINGSLIV: 2Q 2001 result of NKR 14 bn forecast for Statoil.
August 8, 2001... Statoil is predicting a pretax result of NKR 14,178 M for 2Q 2001, with analysts' estimates varying from NKR 12,701 M to NKR 16,500 M. The figure recorded in 2Q 2000 was NKR 8593 M. A result of NKR 13,592 M before net financial items...

DAGENS NAERINGSLIV: Iceland rejects Norsk Hydro project.
August 8, 2001... The Icelandic development authorities have turned down an application by Norsk Hydro to build a hydroelectricity plant which would supply a new aluminium production unit planned for Reydarfjordur. This aluminium facility will cost up to...

PESTICIDE AND TOXIC CHEMICAL NEWS: EPA Region 5 files complaint against Ashta Chemical.
August 8, 2001... The US Environmental Protection Agency Region 5 has filed an administrative complaint against Ashta Chemical Inc. The agency alleges that the company violated federal regulations at its site at Ashtabula, OH by producing a pesticide in an...

THE HINDU: Cadila buys shares of GRL.
August 8, 2001... Cadila Healthcare has acquired 39,279 equity shares of German Remedies (GRL) equivalent to 0.476% of the paid-up capital through open market at a maximum price of Rup 468.63/share.

THE HINDU: Vam Organic Chemicals: 1Q 2001-2002 net profit up.
August 8, 2001... Vam Organic Chemicals posted a net profit of Rup 46.1 M on income from operations of Rup 2213.6 M for 1Q 2001-2002 as against its net profit of Rup 32.4 M on income from operations of Rup 1872.5 M in 1Q 2000-2001. During 1Q 2001-2002,...

LA TRIBUNE DESFOSSES: Aventis revises forecasts for 2001 following successful 1H 2001.
August 8, 2001... Aventis recorded turnover of EUR 11.646 bn for 1H 2001 compared to turnover of EUR 11.091 bn for 1H 2000. Net profit for 1H 2001 increased from EUR 337 M to EUR 730 M with profit per share increased from EUR 0.43 to EUR 0.93. Revised...

LA TRIBUNE DESFOSSES: Eli Lilly's patents on Prozac expire in USA.
August 8, 2001... Eli Lily's patent protection on its Prozac antidepressant have now expired in USA leaving the market open to cheaper generic versions of the drug which has been used to treat 38 M patients since it was introduced in 1986. One of the...

BUSINESS LINE: DCM Shriram Consolidated: Hiving off polymer business.
August 8, 2001... DCM Shriram Consolidated proposes to hive off its polymer business to its subsidiary company DCM Shriram Exports Ltd, for Rup 435 M. DCM Shriram Consolidated, which holds 91% stake in DCM Shriram Exports Ltd plans to utilise the cash...

BUSINESS LINE: Hindalco net profit dips 8% for 1Q 2001-2002.
August 8, 2001... Hindalco Industries Ltd (Hindalco) posted a 8% decline in net profit at Rup 1611.1 M on net sales of Rup 5.49 bn for 1Q ended Jun 2001 as against its net profit of Rup 1758 M on net sales of Rup 5.652 bn in 1Q 2000-2001. The decrease in...

BUSINESS LINE: Suven net profit, sales decline for 1Q 2001-2002.
August 8, 2001... Suven Pharmaceuticals Ltd (Suven), which manufactures intermediates for life science companies, has reported unaudited financial results for 1Q ended Jun 2001. Suven posted a net profit of Rup 15 M on turnover of Rup 66.8 M during 1Q...

BUSINESS LINE: Dr Reddy's fluoxetine launch on 3 Aug 2001.
August 8, 2001... Dr Reddy's Laboratories Ltd (Dr Reddy's) proposes to launch its fluoxetine 40 mg capsules in the US generic market on 3 Aug 2001, the day after the expiry of Eli Lilly & Co's paediatric exclusivity for Prozac. The district Court for...

BUSINESS LINE: Cost-cutting: Dunlop asks officials to go on leave.
August 8, 2001... Dunlop India Ltd (Dunlop) has directed nearly 50% of its executives and management-level officials at its Ambattur facility in Tamil Nadu, to go on leave without pay from 1 Aug to 30 Nov 2001, as part of its cost-cutting measures. The...

BUSINESS LINE: Cipla, Ranbaxy in talks for joint marketing pact.
August 8, 2001... Cipla and Ranbaxy Laboratories (Ranbaxy) are negotiating to co-market Ranbaxy's novel form of the anti-infective ciprofloxacin and the smoking cessation drug, bupoprion, in India. Ranbaxy developed the novel once-a-day dosage form of...

BUSINESS LINE: Organon open offer for Infar.
August 8, 2001... The Netherlands-based Organon Participations BV (Organon) has offered to buy an additional 25% stake in Infar (India) Ltd (Infar) at Rup 285/share from some of the Indian promoters. Organon, which holds 50.43% in Infar, will increase its...

BUSINESS LINE: Ramco Ind net profit at Rup 59.2 M for 1Q 2001-2002.
August 8, 2001... Ramco Industries Ltd recorded a net profit of Rup 59.2 M on a turnover of Rup 472.2 M for the quarter ended Jun 2001 as against its net profit of Rup 59 M on a turnover of Rup 450.3 M in the quarter ended Jun 2000. The company sold...

BUSINESS LINE: Gillette India: Net profit at Rup 28.3 M for 1H 2001.
August 8, 2001... Gillette India Ltd, a subsidiary of the US-based Gillette Co, posted a net profit of Rup 28.3 M on net sales of Rup 2.215 bn for 1H ended Jun 2001 as against its net profit of Rup 68.7 M on net sales of Rup 2.158 bn in 1H ended Jun 2000. ...

BUSINESS LINE: Haldia Petro plans to go commercial in Aug 2001.
August 8, 2001... The Rup 56 bn Haldia Petrochemicals Ltd (Haldia Petro) has proposed to declare commercial production during Aug 2001, 16 months after being commissioned. The company has achieved certain milestones like 100% capacity utilisation of its...

BUSINESS LINE: BASF India: 1Q 2001-2002 net profit at Rup 113.4 M.
August 8, 2001... BASF India Ltd recorded a net profit of Rup 113.4 M on net sales of Rup 1689.8 M during 1Q ended Jun 2001. The 1Q 2001-2002 results are not comparable with that of 1Q 2000-2001 following the merger of BASF India with Cyanamid Agro. ...

BUSINESS LINE: Eveready Industries Ltd reports reduced net profit for 1Q 2001-2002. [1 table].
August 8, 2001... Eveready Industries Ltd registered a net profit of Rup 69.538 M on net sales/income from operations of Rup 1912.033 M for 1Q ended Jun 2001 as against its net profit of Rup 166.108 M on net sales/income from operations of Rup 1765.222 M in 1Q...

BUSINESS LINE: Halt endosulfan spraying, says cashew export body.
August 8, 2001... The Cashew Export Promotion Council of India has urged the Kerala Plantation Corp to stop the aerial spraying of endosulfan on its cashew plantations in northern Kerala. The export body suspected that the spraying was adversely affecting...

BUSINESS LINE: Rubfila International: 1Q 2002-2002 net loss at Rup 18.342 M. [1 table].
August 8, 2001... Rubfila International Ltd incurred a net loss of Rup 18.342 M on net sales/income from operations of Rup 73.35 M for 1Q ended Jun 2001 as against its net loss of Rup 12.466 M on net sales/income from operations of Rup 65.996 M in 1Q ended Jun...

BUSINESS LINE: Silcal Metallurgic 1Q 2001-2002 net profit at Rup 6.2 M. [1 table].
August 8, 2001... The Silcal Metallurgic Ltd recorded a net profit of Rup 6.2 M on net sales/income from operations of Rup 52.9 M for 1Q ended Jun 2001 as against its net loss of Rup 1.9 M on net sales/income from operations of Rup 36.4 M in 1Q ended Jun 2000....

BUSINESS LINE: Near-term rise in gold imports likely.
August 8, 2001... India is likely to increase its gold imports to about 20,000-25,000 bars/day from the beginning of Aug 2001 from 20,000 bars/day in the last week of Jul 2001, if the global prices remain in the range of $266-268/ounce.

BUSINESS LINE: Elgitread (India) 1Q 2001-2002 net profit at 28.77 M. [1 table].
August 8, 2001... Elgitread (India) Ltd registered a net profit of Rup 28.77 M on net sales/income from operations of Rup 176 M for 1Q ended Jun 2001 as against its net profit of Rup 21.96 M on net sales/income from operations of Rup 187.97 M in 1Q ended Jun...

BUSINESS LINE: Direct selling and desi.
August 8, 2001... Direct selling companies are growing at incredible proportions by learning the rules of survival in the complex Indian marketplace. According to the Indian Direct Sellers Association, the market size of the direct selling companies was...

BUSINESS LINE: Clinic's campaign capers.
August 8, 2001... Hindustan Lever has been conducting road shows to promote the 28 ml family bubble pack of its shampoo brand Clinic Plus in major cities of Tamil Nadu. The bubble pack, which promises 6 washes, costs Rup 10/28 ml pack where as an 8 ml...

BUSINESS LINE: Lavender care: Fem Care Pharma launches new liquid soap.
August 8, 2001... Fem Care Pharma has extended its range of liquid soaps with the introduction of lavender fragrance soft gentle soap. The liquid soaps reportedly contain coconut oil and other essential oils, and are priced at Rup 55/250 ml dispensers. ...

BUSINESS LINE: Cochin Minerals and Rutile net profit at Rup 27.37 M for 1Q 2001-2002. [1 table].
August 8, 2001... Cochin Minerals and Rutile Ltd has posted a net profit of Rup 27.37 M on net sales and income from operations of Rup 157.59 M for 1Q ended Jun 2001 as against its net profit of Rup 1.416 M on net sales and income from operations of Rup...

BUSINESS LINE: Dr Reddy's gets $5 M from Novartis.
August 8, 2001... Dr Reddy's Laboratories Ltd (Dr Reddy's) has received an upfront payment of $5 M from Novartis Pharma AG (Novartis) following the clearance obtained from the US regulatory authorities for its licensing agreement. Dr Reddy's granted...

BUSINESS LINE: Essel Packaging net profit slips by 8.24% for quarter ended Jun 2001.
August 8, 2001... Essel Packaging Ltd has recorded an 8.24% decline in net profit at Rup 85.7 M on net sales of Rup 532 M for the quarter ended Jun 2001 as against its net profit of Rup 93.4 M on net sales of Rup 514.4 M in the quarter ended Jun 2000. ...

BUSINESS LINE: Direct selling Companies chant aggressive marketing mantra to entice distributors and customers alike: Modicare draws up blueprint for lifestyle stores.
August 8, 2001... The Delhi-based direct selling company, Modicare Ltd, is in the process of either setting up or converting its existing distribution centres into 'lifestyle success stores'. The lifestyle centres are intended to project the right image of...

BUSINESS LINE: Direct selling Companies chant aggressive marketing mantra to entice distributors and customers alike: Oriflame plans to raise pick-up points.
August 8, 2001... The direct selling company, Oriflame India Ltd (Oriflame), a subsidiary of the Sweden-based Oriflame International SA, plans to increase its number of pick-up points from the present 22 to 200, for the benefit of its distributors. With...

BUSINESS LINE: Wockhardt hikes Vitamin B12 capacity.
August 8, 2001... Wockhardt Ltd has doubled its Vitamin B12 manufacturing capacity at its Bhandup facility to 3500 kg. The company will export a major part of the production to developed countries mainly, the US and Europe.

BUSINESS LINE: Crisil downgrades Lafarge NCDs.
August 8, 2001... Credit Rating and Information Services of India Ltd (Crisil) has downgraded the Rup 2.5 bn and the Rup 450 M non-convertible debenture (NCD) issues of Lafarge India (Lafarge) from 'AA+' to 'AA' and reassigned the 'P1+' rating to the Rup 750...

CHEMICAL BUSINESS (INDIA): GNFC attains highest ever turnover and net profit in the silver jubilee year.
August 8, 2001... Gujarat Narmada Valley Fertilisers Company Limited has posted net profits of Rup 1.0555 bn, reflecting a 59.65% increase over Rup 661 M earned in the previous fiscal year. The company's income from operations climbed from Rup 12.1348 bn...

CHEMICAL BUSINESS (INDIA): Vanavil Dyes & Chemicals posts Rup 44.80 M net profit in FY ended 31 Mar 2001.
August 8, 2001... Vanavil Dyes & Chemicals Limited has announced net profits of Rup 44.80 M for the financial year ended 31 Mar 2001, reflecting a 4.91% increase over Rup 42.7 M in net profits for the previous financial year. Net sales were lower at Rup 62...

CHEMICAL BUSINESS (INDIA): DuPont plans to bring in new chemicals for Indian operations.
August 8, 2001... DuPont is planning to introduce new chemicals for its operations in India in order to provide customers with a comprehensive array of solutions to their problems. DuPont has asked for approval on collaborating with Indian manufacturers...

CHEMICAL BUSINESS (INDIA): Coromandel Fertilisers posts lower sales for FY ended 31 Mar 2001.
August 8, 2001... Coromandel Fertilisers Limited has posted sales during the year ended 31 Mar 2001 at Rup 5.9879 bn, weaker than sales of the previous year at Rup 6.0359 bn. The company's other income rose to Rup 140.3 M vs 102.7 M in the comparable...

CHEMICAL BUSINESS (INDIA): Hikal Ltd to pay 50% dividend.
August 8, 2001... Hikal Ltd posted a marginal increase in turnover to Rup 1.034 bn in FY ended 31 Mar 2001, from RUP 1.0116 bn posted in the same period last year. However, other income declined from Rup 16.5 M to Rup 11.4 M. Profit after tax rose...

CHEMICAL BUSINESS (INDIA): Nirma reports 7% increase in PAT in the back of 41% increase sales in FY ended 31 Mar 2001.
August 8, 2001... Nirma Ltd posted sales of Rup 24.28 bn in FY ended 31 Mar 2001, up 41% from Rup 17.18 bn in the previous year. Net profit rose by 7% from Rup 2.34 bn to Rup 2.5 bn, and operating profit climbed by 43% from Rup 3.5 bn to Rup 5.01 bn. ...

CHEMICAL BUSINESS (INDIA): Glenmark net dips 21% to Rup 170 M in 2000-01.
August 8, 2001... Glenmark Pharmaceuticals Ltd posted a lower net profit of Rup 171 M in 2000-01, down 21% from Rup 217 M in the previous year. Sales rose by 32% from Rup 1.453 bn to Rup 1.923 bn.

CHEMICAL BUSINESS (INDIA): CIPLA plans cheaper 3-in-1 AIDS pill.
August 8, 2001... CIPLA Ltd of India will introduce a cheaper 3-in-1 AIDS treatment in late 2001. The drug combination comprises stavudine, nevirapine and Lamivudine. Patent holders of the three drugs are Bristol Meyers Squibb for stavudine,...

CHEMICAL BUSINESS (INDIA): Cut in soda ash duty to hurt domestic interests.
August 8, 2001... The Indian government reduced the soda ash import duty from the USA from 38.5% to 20%. The domestic soda ash industry argues that this would severely affect them and benefit only American exporters. India's soda ash producers have a...

CHEMICAL BUSINESS (INDIA): Definitive duty mooted on aniline imports from EU.
August 8, 2001... The Commerce Ministry of India has endorsed a definitive anti-dumping duty of $.0342/kg on all aniline imports coming from European Union member countries. The move was triggered by a petition from a group of domestic producers...

CHEMICAL BUSINESS (INDIA): Biotech sector turnover put at Rup 10 bn.
August 8, 2001... The biotechnology industry of India is expected to attract new investments worth Rup 7-8 bn in the next few years. This inferred investment would generate a turnover of Rup 9-Rup 10 bn in the next seven years. Among the sectors that...

CHEMICAL BUSINESS (INDIA): Pharmaceutical companies gearing up for a new era.
August 8, 2001... The domestic pharmaceutical firms of India have undergone some consolidation due to the intense global competition and impending changes in patent regulations. R&D spending is expected to play a more vital role in a pharmaceutical...

CHEMICAL BUSINESS (INDIA): Nutraceutical industry calls for government nod to use key additives.
August 8, 2001... The neutraceutical industry of India is urging the government to allow them to use additives in their nutraceutical products since imported products from the USA and Europe containing such additives are approved for sale in the country. ...

CHEMICAL BUSINESS (INDIA): Award for Coromandel Fertilisers.
August 8, 2001... Coromandel Fertilizers Ltd of Visakhapatnam, India, has received an environmental award from the AP Pollution Control Board. The firm had spent over Rup 200 M to purchase pollution control equipment for its production facilities.

CHEMICAL BUSINESS (INDIA): Hindustan Organic Chemicals Ltd hopes to break even in next 2 quarters.
August 8, 2001... Hindustan Organic Chemicals Ltd (HOCL) reported that its losses declined by 70% to Rup 362.7 M from Rup 1.0502 bn for the year ending 31 Mar 2001. The company expects to break even in the next two quarters. The recovery is mainly...

CHEMICAL BUSINESS (INDIA): Chennai Petro to undertake projects worth Rup 28 bn.
August 8, 2001... Chennai Petroleum Corporation Ltd has allocated Rup 28 bn on proposed projects, including Rup 25 bn for the ongoing expansion of its Manali and Panagudi refineries. The expansion of the Manali refinery will conclude in Aug 2003 and raise...

CHEMICAL BUSINESS (INDIA): Bayer to launch new products in pest control segment.
August 8, 2001... Bayer India plans to introduce a range of pesticide products, such as Chloropyriphos, Quick Bayt, Racumin paste in the Indian pest control sector. The firm's animal health unit has introduced the Pest Management Professionals loyalty...

CHEMICAL BUSINESS (INDIA): BPCL net soars to Rup 8.2 bn for FY ended 31 Mar 2001.
August 8, 2001... For the year ending 31 Mar 2001, Bharat Petroleum Corp Ltd (BPCL) achieved an increase in net profits to Rup 8.201 bn from Rup 7.039 bn in the same period last year. The firm also posted an increase in net operating income to Rup 459.321...

CHEMICAL BUSINESS (INDIA): RPL produces 5 M tonnes, touches 107% capacity utilisation.
August 8, 2001... Reliance Petroleum has reached a record 107% in capacity utilisation at its petroleum refining facility during Apr-May of fiscal year 2001. Production from the plant during the period was 4.8 M tonnes. The record output and capacity...

CHEMICAL BUSINESS (INDIA): Centre signs MoU with RCF.
August 8, 2001... Rashtriya Chemicals and Fertilizers Ltd has forged a memorandum of understanding with the Indian government to produce 1.691 M tonnes of urea in 2001-2002 as compared to 1.62 M tonnes in 2000-2001. The MoU also obliges the firm to produce...

CHEMICAL BUSINESS (INDIA): Tata Chem to focus more on core areas.
August 8, 2001... Tata Chemicals Ltd (TCL) intends to focus on core businesses, which includes urea, salt and soda ash, and liquidate its non-core activities. The firm will launch a restructuring programme that will include all its human, logistics,...

CHEMICAL BUSINESS (INDIA): HMR, Rhone-Poulenc Rorer to restructure.
August 8, 2001... Hoecsht Marion Roussel (HMR) will consolidate its operations with Rhone-Poulenc Rorer in Apr 2001. HMR is set to change its name to Aventis Pharma Ltd. The consolidated operations will have five separate units and these are the acute...

CHEMICAL BUSINESS (INDIA): JB Chem net soars 42% in FY ended 31 Mar 2001.
August 8, 2001... JB Chemicals & Pharmaceuticals Ltd has posted a 42% rise in net profits to Rup 312.3 M in 2001 from Rup 220.2 M in 2000. Also in 2001, the firm's sales rose by 36% to Rup 2.3753 bn from Rup 1.7463 bn in 2000, and a 19.5% increase in...

CHEMICAL BUSINESS (INDIA): Search Chem Jhagadia awarded OHSAS-18001 certification.
August 8, 2001... Search Chem Industries Ltd (SCIL) received an OHSAS 18001 certification in Dec 2000 for its Jhagadia chlor alkali plant. The certification suggests excellent health and safety management among its employees. The plant was ISO...

CHEMICAL BUSINESS (INDIA): Shasun Chemicals and Eastman Chemical sign agreement to license acrylic emulsion technology.
August 8, 2001... Eastman Chemical Co of Kingsport, TN, has licensed its hydroxypropylmethylcellulose phthalate and acrylic emulsion technologies to Shasun Chemicals and Drugs Ltd of Chennai, India. The licence allows Shasun to manufacture and distribute...

CHEMICAL BUSINESS (INDIA): LG MMA plans new plant in Korea.
August 8, 2001... LG MMA will construct a new 100,000 tonne/y methyl methacrylate (MMA) production facility in Yosu, Korea, worth $77 M. The plant will be operational in 2003. The new plant will double the firm's MMA capacity. The new investment...

CHEMICAL BUSINESS (INDIA): Basell takes stake in Saudi project.
August 8, 2001... National Petrochemical Industrialization Co (NPIC) of Riyadh, Saudi Arabia, and Basell have created a joint venture to construct a propane dehydrogenation complex in Al Jubail, Saudi Arabia. Basell will invest SRl 150 M and NPIC will...

CHEMICAL BUSINESS (INDIA): Daikin invests in fluorochemicals units.
August 8, 2001... Daikin Industries of Osaka, Japan, will invest $458 M to expand the capacity of its fluorochemicals facility in Kashima, Japan, and build a new production facility in Jiangsu, China. The Kashima unit produces polytetrafluoroethylene...

CHEMICAL BUSINESS (INDIA): Chi Mei and Asahi plan to double PC capacity.
August 8, 2001... Chi Mei plans to construct another 50,000 tonne/y PC plant in Tainan, Taiwan. The firm is currently constructing a 50,000 tonne/y PC production facility at the same site, which will be on stream in early 2002. The plant will employ...

CHEMICAL BUSINESS (INDIA): BP plans world-scale US styrene plant.
August 8, 2001... BP plans to construct a world-scale, $125 M ethylbenzene-styrene monomer plant at its complex in Texas City, TX. The plant, which will be on stream in 30 months, will have a capacity of over 500,000 tonnes/y of styrene. The new plant...

CHEMICAL BUSINESS (INDIA): LG details ABS expansions in China and Korea.
August 8, 2001... LG Chem will invest $35 M to expand its acrylonitrile butadiene styrene (ABS) capacity in Asia from 500,000 tonnes/y to 800,000 tonnes/y. The expansion will be completed by 2003. The firm will also spend $29 M to raise the capacity...

CHEMICAL BUSINESS (INDIA): Singapore firm buys BOPP producers.
August 8, 2001... Jefflyne Golden Holding of Singapore bought a 77% stake in PT Holdiko Perkasa of Jakarta, Indonesia, worth $29 M. The firm also bought a 63% stake in Yunnan Kunlene Film Industries of Kunming, China, worth $14 M. PT Holdiko Perkasa...

CHEMICAL BUSINESS (INDIA): China hits US, Japan with dumping duties.
August 8, 2001... China's Ministry of Foreign Trade and Economic Cooperation (Moftec) has slapped antidumping duties on all acrylic esters coming from the USA and Japan. The list of import duties are as follows: 31% on Celanese and Dow Chemical, 67% on...

CHEMICAL BUSINESS (INDIA): Rhodia expands China vanillin unit.
August 8, 2001... Rhodia plans to raise the capacity of its vanillin plant in Haining, China, from 1000 tonnes/y to 1500 tonnes/y via debottlenecking. The proposed project, which will be worth approximately $650,000, will be completed in late 2002. ...

CHEMICAL BUSINESS (INDIA): The chemical market: The Indian scene. [3 tables].
August 8, 2001... Significant trends are seen in India's chemicals market. In the organic chemicals sector, ethylene production growth was the largest with a growth rate of 9.5% in 2000-2001. Production in Mar 2001 grew by 21.8% as compared to only...

CHEMICAL BUSINESS (INDIA): China slaps duty on US acrylate.
August 8, 2001... China has imposed an antidumping duty on all acrylate imports from the USA and Japan. The move is attributed to the trade between China and Japan regarding Chinese cultural goods. Another reason is USA's investigation into China's...

CHEMICAL BUSINESS (INDIA): Crude weighs down Tokyo naphtha.
August 8, 2001... Naphtha prices in Tokyo was pegged at $268.5-$270.5/tonne c&f Japan in 1H Aug 2000 as compared to the current price range of $270.75-$271.25/tonne. This price change was mainly attributed to slip in crude oil prices.

CHEMICAL BUSINESS (INDIA): Tokyo naphtha future firm.
August 8, 2001... Naphtha prices in Tokyo was pegged at $272-$273/tonne c&f Japan in 1H Aug 2000 as compared to the current price range of $267.75-$268.25/tonne. In Dec 2000, contract prices of gasoline was pegged at Y 29,860/kilo litre, whereas kerosene...

CHEMICAL BUSINESS (INDIA): Tokyo naphtha prices slip.
August 8, 2001... Tokyo naphtha prices declined as demand slackened and crude prices dropped. Open spec product settled at $267.50-268.50/ton C&F Japan for 2H Aug 2001, down about $2.50. Benchmark rates of gasoline for Dec 2001 rose Yen 70/1000 litre...