Bharat Rasayan Forms Joint Venture with Nissan Chemical

Bharat Rasayan Limited (BRL) announced that the company has executed a Joint Venture (JV) Agreement on 18th February, with Nissan Chemical Corporation (NCC), a Japanese agrochemicals company. The joint venture will operate through a company named Nissan Bharat Rasayan Private Limited, a company incorporated in India. This Joint Venture is expected to bring benefits to … Read more Bharat Rasayan Forms Joint Venture with Nissan Chemical

Bhageria Industries Reported Profit on Lower Sales

India’s Bhageria Industries reported profit growth in the third quarter 2019 despite fall in sales revenue. Growth in dye intermediates margin aided to the rise in profit. Net profit of Bhageria Industries rose 17.41% to Rs 17.74 crore ($2.5 million) in the quarter ended December 2019 as against Rs 15.11 crore ($2.1 million) during the … Read more Bhageria Industries Reported Profit on Lower Sales

Jindal Poly Films Doubles Profit, Plans Capacity Expansion

India’s Jindal Poly Films doubled its profit growth in the third quarter on strong packaging films margins. Net profit of Jindal Poly Films rose 120.90% to Rs 120.81 crore ($17 million) in the quarter ended December 2019 as against Rs 54.69 crore ($7.6 million) during the previous quarter ended December 2018. Sales rose 12.13% to … Read more Jindal Poly Films Doubles Profit, Plans Capacity Expansion

Aarti Industries Reports Profit Growth, Fall in Sales

India’s Aarti Industries reported a profit growth in its third quarter despite a fall in sales revenue. According to the company, strong margins in higher value specialty chemicals led to the growth in profit. Net profit of Aarti Industries rose 4.59% to Rs 139.84 crore ($19.5 million) in the quarter ended December 2019 as against … Read more Aarti Industries Reports Profit Growth, Fall in Sales

India’s Bodal Chemicals Acquires Complete Stake in Trion Chemicals

Bodal Chemicals Ltd, an Indian dye and dyestuff manufacturer has acquired the remaining 42 percent stake in Trion Chemicals Pvt Ltd, a producer of specialty chemicals for swimming pools & water treatment in the Indian state of Gujarat. The deal is expected to benefit Bodal Chemicals in diversifying its product range. “The objective for this … Read more India’s Bodal Chemicals Acquires Complete Stake in Trion Chemicals

Mitsubishi Gas Chemical to Build Integrated Hydrogen Peroxide Plant in Taiwan

Mitsubishi Gas Chemical Company, Inc. (MGC) to build a production facility for industrial hydrogen peroxide (IHP) at its Taiwanese subsidiary in order to further develop the company’s business for super-pure hydrogen peroxide (SPHP) used in semiconductor production processes. SPHP is used primarily as a cleaning, etching and abrading agent in semiconductor wafer and device manufacturing … Read more Mitsubishi Gas Chemical to Build Integrated Hydrogen Peroxide Plant in Taiwan

PTT Global, ALPHA Sign JV to Establish Recycled Plastic Plant

PTT Global Chemical Company Limited announced that the company, on Febraury 3, has established a joint venture with ALPHA to operate high-quality recycled plastic plant in Royang, Thailand. The newly formed joint venture company called ENVICCO limited has PTT Global holding 70% of total shares together with another 30% held by ALPHA. According to PTT … Read more PTT Global, ALPHA Sign JV to Establish Recycled Plastic Plant

Reliance Industries to Expand Dahej Petchem Plant with $700M Investment

Reliance Industries Ltd (RIL) is planning to expand Dahej Manufacturing Division (DMD), a petrochemical and downstream manufacturing unit, with an investment of Rs 5,100 crore ($700 million). “Dahej petrochemical manufacturing facility is proposing to set up the new plants and facilities, which includes manufacturing of Ethylene Dichloride (EDC), CHDM, PET-G, establishing New incinerator in VCM … Read more Reliance Industries to Expand Dahej Petchem Plant with $700M Investment

Iberchem Completes Acquisition of Flavor Manufacturers in Malaysia and China

Iberchem Group announced that it has completed the acquisition of Flavor Inn Corporation and Duomei, two flavour companies located in Malaysia and China respectively. The terms of the transaction were not disclosed. These transactions come as the latest effort in the Group’s merger and acquisition strategy initiated last year with the purchase of South Africa’s … Read more Iberchem Completes Acquisition of Flavor Manufacturers in Malaysia and China

Asahi Kasei Mitsubishi Chemical Ethylene Restarts Naphtha Cracker

Asahi Kasei announced on 29 Januray that naphtha cracker of Asahi Kasei Mitsubishi Chemical Ethylene Corp. in Mizushima which was suspended on January 14, 2020, was restarted on January 28, 2020. Initially, the suspension of operations was a result of refrigerant-related equipment issues. The restart was delayed from the previously announced schedule of January 24, … Read more Asahi Kasei Mitsubishi Chemical Ethylene Restarts Naphtha Cracker

Kurita Plans to Construct $275M R&D Base in Japan

Kurita Water Industries Ltd., a Japanese water treatment chemicals manufacturer announced that it has decided to establish a new research and development base in Akishima-shi, Tokyo in April 2022. The construction will begin in May this year. It is planned to be completed in March 2022. Functions of the Kurita Global Technology Center (Nogi-machi, Shimotsuga-gun, … Read more Kurita Plans to Construct $275M R&D Base in Japan

Celanese to Acquire Nouryon’s Redispersible Polymer Powders Business

Celanese Corporation, a global chemical and specialty materials company, and Nouryon today announced they have signed an agreement for Celanese to acquire Nouryon’s redispersible polymer powders business offered under the Elotex brand (Elotex business). As part of the acquisition, Celanese will acquire all of Nouryon’s global production facilities for redispersible polymer powders across Europe and … Read more Celanese to Acquire Nouryon’s Redispersible Polymer Powders Business

Celanese Initiates Strategic Expansion of Global VAE Capacity

Celanese Corporation announced preliminary plans to expand its emulsion polymers derivatives business to extend the value of its global acetyl chain. “Building on a commitment to our global customer base to be the partner of choice by solving their most critical needs, Celanese will begin key investments in facility expansions as well as expand on … Read more Celanese Initiates Strategic Expansion of Global VAE Capacity

Asahi Kasei Mitsubishi to Restart Naphtha Cracker in Mizushima

Asahi Kasei Mitsubishi Chemical Ethylene, a joint venture of Asahi Kasei Corp and Mitsubishi Chemical Corp, said it will restart operation at its naphtha cracker in Mizushima, Okayama prefecture on 24 January, after completing planned repair of the unit’s troubled refrigeration system. The naphtha cracker automatically shut down on 14 January after it detected a … Read more Asahi Kasei Mitsubishi to Restart Naphtha Cracker in Mizushima

Showa Denko Restructures Domestic Production of UP and VE Resin

Showa Denko K.K. (SDK) has decided to terminate operation of its production lines to synthesize unsaturated polyester resin (UP) and vinyl ester resin (VE) at Isesaki Plant by the end of June 2021. The company will concentrate domestic production of UP and VE at Tatsuno Plant in order to improve profitability of its UP and … Read more Showa Denko Restructures Domestic Production of UP and VE Resin

Shell Chemicals to Explore Polycarbonate Production in Singapore

Shell announced it has signed a Memorandum of Understanding with CNOOC Oil & Petrochemicals Co Ltd (CNOOC) to explore its first commercial-scale polycarbonate (PC) production unit, which would be located at the CNOOC and Shell Petrochemical Company (CSPC) joint-venture chemicals complex in Huizhou, China. As an interim step, Shell has started constructing a PC development … Read more Shell Chemicals to Explore Polycarbonate Production in Singapore

INEOS Styrolution to Build World-Scale ABS Plant in China

INEOS Styrolution, the global leader in styrenics, has announced plans to build a world-scale acrylonitrile-butadiene-styrene (ABS) plant in Ningbo, China. The new production site will be adjacent to the recently acquired polystyrene plant in Ningbo. After the acquisition of two polystyrene production sites in China from Total in February 2019, INEOS Styrolution embarks on plans … Read more INEOS Styrolution to Build World-Scale ABS Plant in China

Cabot Corp to Acquire China-based CNT Manufacturer

Cabot China Limited, a wholly owned subsidiary of Cabot Corporation, entered into an agreement to purchase Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN), a leading carbon nanotube (CNT) producer in China, for approximately $115 million in enterprise value that includes liabilities and contingent payments, company officials announced on Tuesday. “The acquisition significantly strengthens Cabot’s … Read more Cabot Corp to Acquire China-based CNT Manufacturer

ChemChina, Sinochem Merge Agricultural Assets

ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current president and CEO of Shenzhen-listed crop protection company ADAMA, which will also be incorporated into the new group, will be nominated CFO of the newly formed Syngenta Group. … Read more ChemChina, Sinochem Merge Agricultural Assets

Sinochem Unit gets $1.65 Billion Investment from State Firms

Sinochem Energy, a unit of China’s Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news agency reported. The financial investment arms of Agricultural Bank of China and Industrial Bank of China (ICBC), and Citic Securities Investment Co were the strategic investors, the official … Read more Sinochem Unit gets $1.65 Billion Investment from State Firms