Chemical Business Newsbase articles from July 2008

Chemical Business Newsbase archives from July 2008

Aluminium: Output disruptions support prices.
July 31, 2008... A series of output disruptions in many countries including US, China, South Africa and Brazil is ascribed to the price hike experienced by aluminium in the month of Jun 2008 at the London Metal Exchange (LME). Aluminium prices touched...

Copper: Investor demand, strikes bolster prices.
July 31, 2008... Apart from the huge influx of investor's money into the commodities market, the workers' strike in the copper companies in Peru, the world's third largest source of the metal is mainly ascribed to the recent rally in the copper prices. In...

Zinc: Prices decline on higher inventories, output. [1 table in original article].
July 31, 2008... In the midst of plenty of production coupled with sluggish demand and high global stockpiles, Zinc prices traded low in the month of Jun 2008. Concerns of slowdown in the US economy and poor offtake of zinc by China also had a telling impact...

Lead: Prices decline on higher inventories, slowing demand.
July 31, 2008... Lead prices fell in Jun 2008 owing to 54% gain in inventories of zinc at about 101,900 tonnes in the London Metal Exchange. Furthermore, slowing demand from Asian and European region along with steady increase in stockpiles of zinc had pulled...

Nickel: Poor SS sector demand impacts prices.
July 31, 2008... The drastic reduction in the demand of Nickel in stainless steel sector actuated the nose-drive in price of nickel, touching at $21,605/tonne at the start of Jun 2008 in the London Metal Exchange (LME). The average price for the month of Jun...

Tin: Prices surge on renewed buying interest.
July 31, 2008... The prices of tin increased in the month of Jun 2008 to $23,400/tonne from $21,100/tonne at the end of the May 2008 at London Metal Exchange. Tin jumped by 400% since 2005 from a low of $6,000/tonne to a high of $25,000/tonne in 2008....

Bullion: Gold scales new peak on soaring crude, weak dollar.
July 31, 2008... The consumer demand for gold is forecasted to be down owing to steady increase in oil prices, because oil price contributes highest to the inflation. Nevertheless, the demand for gold is expected show upward trend in the coming gold season of...

Prospects of zinc, lead metal production.
July 31, 2008... Industry experts harbour the opinion that to tap the full potential of zinc and lead industry there is a need to evolve a strategy of commitment and active exploration policy by mining companies. Across the world the total resource of...

Industry favours watch body to check price volatility.
July 31, 2008... The volatility in the base metal prices has negatively impacted the prospects of the non-ferrous metals industry. Some of the base metals have declined almost 40% from 01 May 2008 to 01 Jun 2008. Industry experts think that, to protect the...

Eisai 1Q FY 2008 financial results: Consolidated performance.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported net sales of Yen 195.8 bn (Yen 176.0 bn for its 1Q FY 2007), R&D expenditure of Yen 35.5 bn (Yen 30.5 bn), operating income of Yen 32.1 bn (Yen 26.2 bn), ordinary income...

Eisai 1Q FY 2008 financial results: Sales of major products: oncology products account for 10% of total sales.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported Aricept sales of Yen 72.9 bn (Yen 67.3 bn for its 1Q FY 2007), of which: Japan accounted for Yen 19.4 bn (Yen 14.9 bn), the US Yen 41.5 bn (Yen 43.4 bn), Europe Yen 8.0...

Eisai 1Q FY 2008 financial results: Sales to customers by geographical area.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported net sales of Yen 195.8 bn (Yen 176.0 bn for its 1Q FY 2007), of which: Japan accounted for Yen 84.5 bn (Yen 78.3 bn), North America Yen 89.5 bn (Yen 76.8 bn), Europe Yen...

Eisai 1Q FY 2008 financial results: Important progress of MGI R&D projects and upcoming events.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported on important progress of MGI R&D projects and upcoming events. Marketed products: Aloxi: Aloxi PONV (Post Operative Nausea and Vomiting) became available in the US. CINV...

Eisai 1Q FY 2008 financial results: Steady progress of major projects.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported on major R&D projects. E7389 (Oncology): FDA agreed Eisai may submit NDA using breast cancer 305 study; simultaneous NDA/MAA submissions in Japan, U.S. and Europe; steady...

Eisai 1Q FY 2008 financial results: Pariet/AcipHex: Ongoing development to enhance value for patients during and beyond DLP.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported on developments regarding Pariet/AcipHex. Patent validity and enforceability upheld: US Federal Circuit Court of Appeals fully upheld Eisai's favourable ruling in...

Eisai 1Q FY 2008 financial results: Steady progress of pipeline.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported on progress in its R&D pipeline. Phase I initiation: E2012 (Alzheimer's, US), Phase II/III initiation (pariet, GERD, additional dosage, Japan), Phase III initiation:...

Eisai 1Q FY 2008 financial results: rising area of oncology: From small molecules to biologics.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported oncology product sales of Yen 187 bn or 10% of total company sales (Yen 115 bn for its 1Q FY 2007, or 1.5%). In the US oncology product sales were 21.7% of total sales...

Eisai 1Q FY 2008 financial results: Dual wings of Japan and the US to lead growth, followed by advancement of business in emerging areas.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Eisai Co Ltd has reported its business development and its business development program. Japan: Prescription pharmaceuticals sales increased by 12% YOY. Outperformed the market by 6 points (IMS...

New heavyweight compounds from Clariant give plastics a metal-like feel.
July 31, 2008... A family of "heavyweight" compounds from Clariant Masterbatches Specialty Compounding offers designers and manufacturers of personal care products a new alternative to metal in applications where the weight and other characteristics of metal...

Lanxess enters cooperative agreement with K+S Group.
July 31, 2008... Lanxess and K+S Group's fertiva GmbH subsidiary have opened an ammonium sulfate screening unit in Antwerp, Belgium, at a cost of EUR 5 M. The ammonium sulfate feedstock is a by-product from Lanxess' caprolactam plant, also sited in Antwerp....

New generation of Noryl GTX resins.
July 31, 2008... SABIC Innovative Plastics has introduced a new conductive grade of Noryl GTX PPO/polyamide resin, Noryl GTX 977. The resin has a coefficient of thermal expansion which is 25% lower than other grades in the range. It is suitable for the...

Two new blending lines in service for TechnoCompound.
July 31, 2008... With the installation of two new blending lines for engineering and long-fibre reinforced composites, the German company TechnoCompound now has a capacity of 50,000 tonne/y. Almost 15,000 tonne/y of this capacity is reserved for the...

Plastics in operational areas and exhaust systems near the engine: competing with metals.
July 31, 2008... Examples are given in which plastics are now able to replace metals in automotive operational areas and exhaust systems near the engine of the vehicle. In such environments component materials have to be able to withstand high temperatures...

Repsol develops HDPE for germ-free milk packaging.
July 31, 2008... In Spain, Repsol's petrochemicals business has collaborated with Central Lechera Asturiana (CLA) to produce new milk bottles which keep the milk germ-free. Repsol has developed a new HDPE grade for this application, namely Alcudia 5703L,...

Easy to inflate: Styrolux polymer now available for blow moulding applications.
July 31, 2008... Until now BASF's Styrolux SBC copolymer has mainly been used in injection and extrusion moulding applications, but no it can be processed in all traditional blown moulding systems. The highly transparent material is up to 30% lighter than...

Exatec increases its advanced technology capacities to offer integral service for vehicular glazing.
July 31, 2008... In the automotive sector, glazing innovations are being sought which will lower vehicular weight and increase fuel economy. SABIC Innovative Plastics' subsidiary Exatec LLC is expanding its range of coating technologies for use with Lexan...

Expanded polypropylene seats reduce waste and safeguard safety.
July 31, 2008... Automotive interior system providers can offer weight savings without compromising passenger safety by using JSP's ARPRO expanded polypropylene. One of the key factors in achieving up to a 35% weight reduction is the migration of the...

Ball Corp launches 750 ml wine bottles in PET with PLASMAX barrier.
July 31, 2008... Barrier coatings made by the German company PLASMAX are being used in the production of PET wine bottles by the US company Ball Corp. The barrier coating comprises an ultra-thin, crystal-clear, impermeable and non-reactive layer of silica...

Glycol resistant grades become material of choice.
July 31, 2008... Rhodia's glycol resistant material Technyl A218 G2 V30 has outperformed other glass fibre reinforced polyamides tested by BMW for degassing boxes. The polymer has become the material of choice for this BMW application. Benefits offered by...

Arch Chemicals reports 2Q 2008 earnings and revises full-year guidance: Condensed consolidated statements of income.
July 31, 2008... For its 2Q FY 2008 (period ends 30 Jun 2008), Arch Chemicals Inc has reported net sales of $469.6 M ($449.5 M for its 2Q FY 2007), R&D expenditure of $6.4 M ($5.0 M), operating income of $33.2 M ($22.8 M), net income of $33.2 M ($22.4 M), and...

Arch Chemicals reports 2Q 2008 earnings and revises full-year guidance: Treatment Products: HTH Water Products.
July 31, 2008... For its 2Q FY 2008 (period ends 30 Jun 2008), the HTH Water Products segment of the Treatment Products division of Arch Chemicals Inc has reported net sales of $191.6 M ($190.9 M for its 2Q FY 2007) and operating income of $43.4 M ($42.0 M)....

Arch Chemicals reports 2Q 2008 earnings and revises full-year guidance: Personal Care and Industrial Biocides.
July 31, 2008... For its 2Q FY 2008 (period ends 30 Jun 2008), the Personal Care and Industrial Biocides segment of the Treatment Products division of Arch Chemicals Inc has reported net sales of $87.6 M ($82.7 M for its 2Q FY 2007) and operating income of...

Arch Chemicals reports 2Q 2008 earnings and revises full-year guidance: Wood Protection and Industrial Coatings.
July 31, 2008... For its 2Q FY 2008 (period ends 30 Jun 2008), the Wood Protection and Industrial Coatings segment of the Treatment Products division of Arch Chemicals Inc has reported net sales of $132.2 M ($115.9 M for its 2Q FY 2007) and operating income...

Arch Chemicals reports 2Q 2008 earnings and revises full-year guidance: Performance Products.
July 31, 2008... For its 2Q FY 2008 (period ends 30 Jun 2008), the Performance Products division of Arch Chemicals Inc has reported net sales of $58.2 M ($60.0 M for its 2Q FY 2007) and an operating loss of $1.8 M (operating income of $4.8 M). For its 1H FY...

Exxon Mobil announces estimated 2Q 2008 results: Financial highlights.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), Exxon Mobil Corp has reported net income of $11.68 bn ($10.26 bn for its 2Q 2007), diluted EPS of $2.22 ($1.83), and capital and exploration expenditures of $6970 M ($5039 M). For its 1H 2008, the...

Exxon Mobil announces estimated 2Q 2008 results: Production data.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), Exxon Mobil Corp has reported total net production of crude oil and natural gas liquids of 2393 kbd (2668 kbd for its 2Q 2007), of which: the US accounted for 368 kbd (393 kbd), Canada & South...

Exxon Mobil announces estimated 2Q 2008 results: Refinery product data.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), Exxon Mobil Corp has reported total refinery throughput of 5472 kbd (5279 kbd for its 2Q 2007), of which: the US accounted for 1811 kbd (1592 kbd), Canada 451 kbd (410 kbd), Europe 1590 kbd (1621...

BASF 1H 2008: Chemicals.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), the Chemical Division of the BASF Group has reported sales of EUR 2863 M (EUR 2434 M for its 2Q 2007), of which: inorganics accounted for EUR 339 M (EUR 301 M), petrochemicals EUR 1868 M (EUR 1524...

BASF 1H 2008: Plastics.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), the Plastics Division of the BASF Group has reported sales of EUR 2654 M (EUR 2541 M for its 2Q FY 2007), of which: performance polymers accounted for EUR 1259 M (EUR 1257 M), and polyurethanes EUR...

BASF 1H 2008: functional solutions.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), the Functional Solutions Division of the BASF Group has reported sales of EUR 2490 M (EUR 2440 M for its 2Q 2007), of which: catalysts accounted for EUR 1265 M (EUR 1226 M), construction chemicals...

BASF 1H 2008: BASF Group first-half results 2008.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), BASF Group has reported sales of EUR 16.3 bn (EUR 14.6 bn for its 2Q 2007), EBITDA of EUR 3033 M (EUR 2663 M), EBIT of EUR 2359 M (EUR 2007 M), net income of EUR 1297 M (EUR 1024 M), basic EPS of EUR...

BASF 1H 2008: agricultural solutions.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), the Agricultural Solutions Division of the BASF Group has reported sales of EUR 1159 M (EUR 957 M for its 2Q 2007), EBITDA of EUR 422 M (EUR 290 M), EBIT of EUR 363 M (EUR 241 M), R&D expenditure of...

BASF 1H 2008: oil and gas.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), the Oil & Gas Division of the BASF Group has reported sales of EUR 3201 M (EUR 2269 M for its 2Q 2007), EBITDA of EUR 1167 M (EUR 839 M), EBIT of EUR 1026 M (EUR 712 M), and additions to long-term...

BASF 1H 2008: regions.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), BASF Group has reported sales of EUR 16.3 bn (EUR 14.6 bn for its 2Q 2007). Sales by location of company: Europe accounted for EUR 9881 M (EUR 8568 M), of which: Germany EUR 6873 M (EUR 5796 M);...

BASF 1H 2008: research and development.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), BASF Group has reported on its R&D activities, including: collaborative research with Harvard University, cooperative research with Academia Sinica in Taiwan, sales agreement regarding seed treatment...

TC PipeLines Reports Strong 2Q 2008 results: financial highlights.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), TC PipeLines LP has reported net income of $19.2 M ($17.7 M for its 2Q 2007), net income per common unit of $0.47 ($0.45), partnership cash flows of $46.9 M ($43.9 M), cash distributions paid of...

TransCanada 2Q 2008: quarterly report to shareholders.
July 31, 2008... For its 2Q 2008 (period ends 30 Jun 2008), TransCanada Corp has reported revenues of C$ 2017 M (C$2208 M for its 2Q 2007), net income of C$324 M (C$257 M), capital expenditures of C$633 M (C$386 M), acquisitions (net of cash acquired) of C$2...

Mitsubishi 1Q FY 2009 (Year-end 31 Mar 2009): Operating transactions and income.
July 31, 2008... For its 1Q FY 2009 (period ends 30 Jun 2008), Mitsubishi Corp has reported operating transactions of Yen 6243 bn (Yen 5455 bn for its 1Q FY 2008), operating income of Yen 113.6 bn (Yen 93.3 bn), income from continuing operations before income...

Mitsubishi 1Q FY 2009 (Year-end 31 Mar 2009): Segment information: Business innovation group.
July 31, 2008... For its 1Q FY 2009 (period ends 30 Jun 2008), the Business Innovation Group of Mitsubishi Corp has reported operating transactions of Yen 71.2 bn (Yen 66.3 bn for its 1Q FY 2008), gross profit of Yen 9239 M (Yen 9695 M), and a net loss of Yen...

Mitsubishi 1Q FY 2009 (Year-end 31 Mar 2009): Segment information: Energy Business Group.
July 31, 2008... For its 1Q FY 2009 (period ends 30 Jun 2008), the Energy Business Group of Mitsubishi Corp has reported operating transactions of Yen 1511 bn (Yen 1058 bn for its 1Q FY 2008), gross profit of Yen 27.7 bn (Yen 21.6 bn), and net income of Yen...

Mitsubishi 1Q FY 2009 (Year-end 31 Mar 2009): Segment information: Metals Group.
July 31, 2008... For its 1Q FY 2009 (period ends 30 Jun 2008), the Metals Group of Mitsubishi Corp has reported operating transactions of Yen 1538 bn (Yen 1461 bn for its 1Q FY 2008), gross profit of Yen 98.7 bn (Yen 85.3 bn), and net income of Yen 54.4 bn...

Mitsubishi 1Q FY 2009 (Year-end 31 Mar 2009): Segment information: Chemicals group.
July 31, 2008... For its 1Q FY 2009 (period ends 30 Jun 2008), the Chemicals Group of Mitsubishi Corp has reported operating transactions of Yen 672 bn (Yen 606 bn for its 1Q FY 2008), gross profit of Yen 28.9 bn (Yen 25.6 bn), and net income of Yen 11.1 bn...

Mitsubishi 1Q FY 2009 (Year-end 31 Mar 2009): Segment information: Living Essentials Group.
July 31, 2008... For its 1Q FY 2009 (period ends 30 Jun 2008), the Living Essentials Group of Mitsubishi Corp has reported operating transactions of Yen 1444 bn (Yen 1247 bn for its 1Q FY 2008), gross profit of Yen 112 bn (Yen 87.3 bn), and net income of Yen...

Teijin consolidated financial results for 1Q FY 2008 (year-ending 31 Mar 2009): nonsolidated financial results.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Teijin Ltd has reported net sales of Yen 236.6 bn (Yen 248.4 bn for its 1Q FY 2007), operating income of Yen 8633 M (Yen 16.54 bn), ordinary income of Yen 6639 M (Yen 15.377 bn), net income of Yen...

Teijin consolidated financial results for 1Q FY 2008 (year-ending 31 Mar 2009): Synthetic fibres.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), the Synthetic Fibres division of Teijin Ltd has reported net sales of Yen 95.5 bn (Yen 96.9 bn for its 1Q FY 2007) and operating income of Yen 3285 M (Yen 6487 M). Polyester Fibers: Despite sales...

Teijin consolidated financial results for 1Q FY 2008 (year-ending 31 Mar 2009): Films and Plastics.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), the Films and Plastics division of Teijin Ltd has reported net sales of Yen 67.5 bn (Yen 71.3 bn for its 1Q FY 2007) and operating income of Yen 2139 M (Yen 5430 M). Films: In Japan, sales of...

Teijin consolidated financial results for 1Q FY 2008 (year-ending 31 Mar 2009): Pharmaceuticals and Home Health Care.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), the Pharmaceuticals and Home Health Care division of Teijin Ltd has reported net sales of Yen 28.9 bn (Yen 28.3 bn for its 1Q FY 2007) and operating income of Yen 5858 M (Yen 5991 M)....

Teijin consolidated financial results for 1Q FY 2008 (year-ending 31 Mar 2009): IT and New Products.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), the IT and New Products division of Teijin Ltd has reported net sales of Yen 18.9 bn (Yen 18.4 bn for its 1Q FY 2007) and an operating loss of Yen 293 M (operating loss of Yen 310 M). IT: The IT...

Teijin consolidated financial results for 1Q FY 2008 (year-ending 31 Mar 2009): Sales of principal pharmaceutical products.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Teijin Ltd has reported net sales of Yen 236.6 bn (Yen 248.4 bn for its 1Q FY 2007), of which: Bonalon accounted for Yen 5.1 bn, Onealfa Yen 2.9 bn, Mucosolvan Yen 2.6 bn, Venilon Yen 2.1 bn,...

Teijin consolidated financial results for 1Q FY 2008 (year-ending 31 Mar 2009): development status of new pharmaceuticals. [2 tables in original article].
July 31, 2008... A table shows Teijin Ltd's new drugs development pioeline for ist 1Q FY 2008 (period ends 30 Jun 2008). Data are tabulated as: Nproduct, indication, and stage for fourteen drug products, of which: three are in phase III treials, four in phase...

Teijin consolidated financial results for 1Q FY 2008 (year-ending 31 Mar 2009): Regional segment information.
July 31, 2008... For its 1Q FY 2008 (period ends 30 Jun 2008), Teijin Ltd has reported net sales of Yen 236.6 bn (Yen 248.4 bn for its 1Q FY 2007), of which: Japan accounted for Yen 161.1 bn (Yen 165.8 bn), Asia Yen 47.4 bn (Yen 53.0 bn), the Americas Yen...

Govt spends $7 M on nano-tech research: Assocham.
July 31, 2008... The Government of India has invested merely $7 M for conducting research work and development in the nano-technology sector. The figure is appalling compared to that spend in other countries such as Germany, France and even South Korea, and...

Assam Petrochemicals to build $125 M methanol plant.
July 31, 2008... Assam Petrochemicals Ltd (APL) is to set up a methanol plant at Namrup, Assam. APL will invest $125 M for the new plant having a production capacity of 165,000 tonnes/y. Natural gas, as the feedstock for the project will be supplied by Oil...

GEI bags order worth Rup 0.50 bn from oil and gas sector.
July 31, 2008... GEI Industrial Systems Ltd has bagged orders worth Rup 0.50 bn for supply of air cooled heat exchangers. The orders were placed by Essar Construction India Ltd for their upcoming refinery expansion project at Vadinar, Gujarat, and Indian Oil...

McNally Bharat bags Rup 2.46 bn order to commission three plants.
July 31, 2008... McNally Bharat has bagged an order worth Rup 2.46 bn from Vedanta Alumina for starting three new plants at Jharsuguda in Orissa. Each plant will have a capacity of 35 tonnes/hour. McNally Bharat will take up design, detailed engineering,...

White Energy invests in performnce improvement with Pavilion Technologies' ethanol solution.
July 31, 2008... White Energy Inc, one of the largest producers of ethanol has given a project to Pavilion Technologies for improving ethanol production at White Energy's three plants. The project, Model Predictive Control, creates a complete model of the...

Dow, Aker Kvaerner selected for new PP project in China.
July 31, 2008... PetroChina Fushun Petrochemical Company is setting up a new polypropylene unit at Fushun, Liaoning Province. The new facility will produce 300,000 tonnes/y of polypropylene, and will make use of technologies such as Dow Unipol Polypropylene...

Foster wheeler awarded refinery upgrading contracts in Greece.
July 31, 2008... Hellenic Petroleum SA has awarded engineering, procurement and construction management contracts to the Italian and Greek subsidiaries of Foster Wheeler Ltd for the upgrading project at the company's refinery at Thessaloniki in Nothern...

Shaw to provide engineering services and licensing for residue fluid catalytic cracking unit.
July 31, 2008... The Abu Dhabi Oil Refining Company (Takreer) has awarded a contract to the Energy & Chemicals Group of The Shaw Group Inc for providing engineering services and licensing for its residue fluid catalytic cracking (RFCC) technology. Besides,...

Albemarle awarded multi-year supply of catalyst to Neste oil.
July 31, 2008... A global leader in speciality chemicals and clean energy solutions, Albemarle, has got a multi-year order from Finland based Neste Oil Oyj. According to the contract, Albemarle will produce catalysts to be used by Neste in their NExBTL...

Carlyle to invest $87 M in China's Sinorgchem.
July 31, 2008... Carlyle, a private equity firm will invest $87 M in Sinorgchem. Based in China, Sinorgchem is a chemical firm manufacturing chemicals to be used in the production of rubber products.

Saudi Aramco, Dow plan $26 bn chemicals project.
July 31, 2008... So as to meet the growing demand for plastics used in consumer goods and to take advantage of the world's biggest oil reserves, Saudi Aramco and Dow Chemical Company will invest in a petrochemicals complex in Saudi Arabia. The investment made...

Dow Chemical acquires Rohm and Haas for $19 bn.
July 31, 2008... A leader in speciality chemicals and advanced materials, Dow Chemical Co has acquired the shares of Rohm and Haas for about $18.8 bn. Rohm and Haas is a Philadelphia based semiconductor materials supplier. Dow also intends to set up an...

PetroChina selects UOP technology for new integrated refining and petrochemicals complex.
July 31, 2008... PetroChina Sichuan Petrochemical Co Ltd is setting up a new integrated refining and petrochemicals complex at its unit near Chengdu, Sichuan Province. PetroChina has selected UOP LLC, a Honeywell company to provide technology, basic...

DuPont Engineering Polymers to expand compounding capacity in China.
July 31, 2008... DuPont Engineering Polymers is enlarging its compounding capacity at its manufacturing site in Shenzhen, China. The expansion will be done for its range of Du Point nylon 6 and 66 resins, and DuPont Zytel HTN PPA high performance polyamide...

Govt approves Sinopec Shanghai's ethylene plant expansion.
July 31, 2008... A major in ethylene production, Sinopec Shanghai Petroleum has received Government approval to add 450,000 tonnes/y ethylene capacity. Currently, the capacity of its smallest ethylene facility is 150,000 tonnes/y which will be enhanced to...

DuPont 2Q profit rises, beats expectations.
July 31, 2008... Dupont Co, a leading chemicals maker earned $1.08 bn during 2Q 2008 against $972 M in 2Q 2007. The revenue recorded in 2008 was $8.83 bn compared to $7.88 bn in 2007, which accounted for the company's 12% revenue. The company recorded an...

Albemarle Q2 profit up.
July 31, 2008... In the 2Q 2008, Albemarle, a provider of speciality chemicals recorded a 10% increase in sales from $563.812 M in 2007 to $620.8 M in 2008. The net profit rose 14.5% in the 2Q 2008. The quarterly net income also increased to $61.655 M...

Lanxess opens Rubber research Centre in Qingdao.
July 31, 2008... Germany based Lanxess AG has opened a new Rubber Research Centre in Qinddao, Shandong Province with an investment of about $16 M. The centre will work in cooperation with Qingdao's university of Science and technology (QUST) and is jointly...

PTT Chemical, Sime Darby form JV to own and operate Cognis Oleochemicals.
July 31, 2008... PTT Chemical International Private Ltd (PTT Chemical International), a subsidiary of PTT Chemical Public Company Ltd has inked an agreement with Sime Darby Plantation Sdn Bhd for the joint ownership and control of Cognis Oleochemicals (COM)....

INEOS, Carlyle Group completes the agreement to combine INEOS Silicas and PQ Corporation.
July 31, 2008... The agreement to integrate INEOS Silicas and PQ Corporation has received the approval from the competition authorities. The Carlyle Group holding 60% shares in the new company, PQ Corporation owns INEOS. The new company will be involved in...

Arkema launches new low cost tin stabiliser.
July 31, 2008... A prominent leader in producing industrial chemicals, Arkema launches a new Thermolite 385 tin stabiliser. The new stabiliser is priced reasonably and can be used in co-extruded siding, window profiles, and other PVC applications, superior...

Dow introduces new industrial cleaning solvent Dow HT-Solve TM515.
July 31, 2008... The Dow Performance Fluids business of Yhe Dow Chemical Company launches a new industrial cleaning solvent, Dow HT-Solve TM515. The solvent, which is thermally stable at 625 degree F and having a low vapour pressure is made from...

REC to invest $6.3 bn in solar plant.
July 31, 2008... Renewable Energy Corporation ASA (REC) will make an investment covering phase I of several planned development phases. An investment of NOK 13 bn will be made for setting up of an integrated manufacturing complex in Singapore for the...