MUMBAI, INDIA: Fujifilm Corporation and Dr Reddy’s Laboratories Ltd have decided to terminate the Memorandum of Understanding (MoU) to enter into an exclusive partnership in the generic drugs business for the Japanese market and to establish a joint venture in Japan....
NEW DELHI, INDIA: Oil India Ltd (OIL) is set to acquire 49 per cent equity in Assam Petrochemicals Ltd (APL), credited to be the first company in India to manufacture petrochemicals using natural gas as feedstock. A deal with the Assam government, which holds majority stake in the company through Assam Industrial Development Corporation Ltd (AIDC), is likely by October 2013. APL was looking for a partner to invest in its expansion and diversification by implementing a 500 tonne a day methanol p ...
TOKYO, JAPAN: Asahi Kasei Chemicals and DuPont China Holdings Co Ltd have agreed to a share transfer under which the Asahi Kasei Group will obtain full ownership in Asahi-DuPont POM (Zhangjiagang) Co Ltd (ADZ), a joint venture between Asahi Kasei Chemicals and DuPont for the production and sale of polyacetal copolymer in China. Asahi Kasei Chemicals and DuPont will now advance procedures to receive the necessary approvals from the Chinese government, and begin deliberations with clients regardi ...
NANJING, CHINA: BASF announced the opening of its world-scale tert-butylamine (tBA) production plant at the Nanjing Chemical Industry Park in China. The plant is wholly-owned by BASF and is integrated into the production facilities of BASF-YPC Co Ltd in Nanjing, China. With an annual capacity of 10,000 tonne, the new facility further strengthens BASF’s globally leading position as a supplier to the rubber and tire industry. “The tBA plant is a vital element of our Asia Pacific ...
SHANGHAI, CHINA: Invista successfully started expanded air bag fibre manufacturing plant in the Qingpu District of Shanghai, China. With this expansion, Invista becomes the first air bag fibre producer in Asia to exceed the 20 kilotonne per year production capacity for a single site. The air bag fibre plant expansion is one of many investments that Invista is making in China and around the world. In May, Invista announced that it signed a Land Reservation Agreement with the Shanghai Chemical In ...
THANH HOA PROVINCE, VIETNAM: Mitsui Chemicals Inc, Idemitsu Kosan Co Ltd, Kuwait Petroleum International and Petro Vietnam announced the final decision to invest a total $9 billion in their refinery and petrochemical complex construction project at Nghi Son economic zone, Thanh Hoa Province, Vietnam. Following this decision, Nghi Son Refinery & Petrochemical Limited Liability Company (NSRP), the project’s joint venture company, concluded a financing agreement with a public financial in ...
TOKYO, JAPAN: Tosoh Corporation will expand its production capacity for high-silica zeolite (HSZ), one of its synthetic zeolite lines, at its Nanyo Complex, Japan. Global demand for HSZ in catalysts for automobile emissions in particular is expected to steadily expand as governments in Japan, the United States, and Europe are implementing stricter automobile emission standards for nitrogen oxides (NOx) and hydrocarbons (HC). For this reason the company made the decision to increase HSZ capacity. ...
BERLIN, GERMANY: The European Union is imposing anti-dumping levies on imports of Chinese solar panels, in a move that could trigger a trade war between two of the world’s largest economies. According to Karel De Gucht, Trade Commissioner, EU, the 27-nation bloc will impose a tariff of about 12 per cent on the import of solar panels, cells and wafers from this week, increasing it to an average of 47 per cent in August unless a settlement is reached with China in the next 60 days. China, t ...
LEVERKUSEN, GERMANY/SINGAPORE: Lanxess inaugurated its new butyl rubber plant on Jurong Island in Singapore on schedule. The specialty chemicals company has invested approximately €400 million in the plant, which will have a capacity of 100,000 metric tonne. The plant will create about 160 highly qualified new jobs that will mainly be filled locally. The facility is the most modern of its kind in Asia and will produce premium halobutyl rubber, as well as regular butyl rubber. The butyl rub ...
MUMBAI, INDIA: Aditya Birla Chemicals (India) Limited, a company of the Aditya Birla Group, approved the acquisition of the chlor-alkali and phosphoric acid division of Solaris Chemtech Industries Limited (SCIL) for a cash consideration of Rs 153 crore ($26.9 million). This transaction will enable Aditya Birla’s entry into the southern Indian market as well as the addition of phosphoric acid to its current product portfolio. “This strategic acquisition further strengthens our positi ...
MUMBAI, INDIA: Fujifilm Corporation and Dr Reddy’s Laboratories Ltd have decided to terminate the Memorandum of Understanding (MoU) to enter into an exclusive partnership in the generic drugs business for the Japanese market and to establish a joint venture in Japan. Based on the MoU signed on 28 July 2011, the two companies had conducted detailed studies on the establishment of a joint venture for developing and manufacturing generic drugs in Japan. However, as Fujifilm realigns its long ...