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12:04 PM, 25th March 2015
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Asahi Glass to increase PVC capacity in Vietnam

TOKYO, JAPAN: Asahi Glass Co (AGC) will increase the production capacity of the polyvinyl chloride (PVC) facility at Phu My Plastics & Chemicals Co., Ltd. (PMPC), AGC’s subsidiary engaged in PVC business in Vietnam. In order to respond to the growing PVC demand in the country, PMPC’s PVC production capacity will be increased by 50 per cent to 150,000 tonne from the current 100,000 tonne per year, which will make the AGC Group’s total PVC production in Southeast Asia 700,000 ...

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12:54 PM, 20th January 2015
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Asahi Kasei to construct validation plant for diphenyl carbonate production

TOKYO, JAPAN: Asahi Kasei Chemicals will construct a validation plant at its Mizushima Works (Kurashiki, Okayama, Japan) for its newly developed process to produce diphenyl carbonate (DPC), a monomer used in polycarbonate production, via dialkyl carbonate (DRC). Asahi Kasei Chemicals has built a successful business globally licensing its non-phosgene process for polycarbonate using CO2 as feedstock. Validation of the new process will enable the company to license it as the intermediate process ...

11:02 AM, 9th January 2015
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Nippon Shokubai closes manufacturing plant at Suita, Japan

TOKYO, JAPAN: Nippon Shokubai Co Ltd announced that at the end of 2014 it ceased manufacturing at its Suita Plant in the city of Suita, Japan, a production facility which played a key role in the Company’s growth. In the future, however, the Company plans to bolster its R&D operations in the area by constructing a new research and development facility. The plant’s production capacity decreased, however, as a result of the transfer of Nippon Shokubai’s unsaturated polyester ...

10:56 AM, 9th January 2015
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Indorama to acquire Polyplex’s PET resin plant in Turkey

BANGKOK, THAILAND: Indorama Ventures PCL (IVL), one of the world’s foremost petrochemical producers, has reached a definitive agreement with Polyplex Europa Polyester Film San ve Ticaret A?, Turkey, a 100 per cent subsidiary of Polyplex (Thailand) PCL (PTL) and Polyplex (Asia) Pte Ltd, Singapore, to fully acquire the new state-of-the-art PET resin plant with a planned capacity of 252,000 tonne per year situated close to Istanbul in Turkey. The transaction is expected to be completed in the ...

11:38 AM, 8th January 2015
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Mitsui to invest in Kuala Lumpur Kepong’s oleochemicals project in China

TOKYO, JAPAN: Mitsui & Co Ltd and Kuala Lumpur Kepong (KLK) Berhad, a Malaysian leading company in the palm plantation and oleochemical industries, have reached agreement on Mitsui’s participation in the oleochemical business operated by KLK in China. Mitsui plans to invest a total of $44 million in the business and has signed an agreement providing for the acquisition of 20 per cent of the shares in KLK Premier Capital Limited (KLKPCL) from KLK. KLKPCL is an investment holding company ...

11:33 AM, 8th January 2015
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Mitsubishi Plastics, Mitsubishi Rayon to enhance carbon fiber business

TOKYO, JAPAN: Mitsubishi Plastics, Inc and Mitsubishi Rayon Co Ltd have agreed to integrate the Pitch-based carbon fiber business of Mitsubishi Plastics and the polyacrylonitrile (PAN)-based carbon fiber business of Mitsubishi Rayon with the purpose of enhancing the carbon fiber & composite materials business. Mitsubishi Rayon will succeed Mitsubishi Plastics’ Pitch-based carbon fiber business through a company split and launch new organization, in which the Pitch-based carbon fiber bu ...

11:43 AM, 5th January 2015
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SRF acquires pharmaceutical propellant business of DuPont

NEW DELHI, INDIA: SRF Limited has announced the acquisition of Global DuPont Dymel, the pharmaceutical propellant business of American chemical giant DuPont. In an all-cash deal, SRF would pay a consideration of $20 million for DuPont’s Fluorochemicals business, which is part of the performance chemicals segment that DuPont plans to hive off by mid-2015. Under the transaction, DuPont would transfer the ‘Dymel’ brand to SRF as well as the technology and knowhow for setting up i ...

11:32 AM, 5th January 2015
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China searches precious metals in Indian Ocean

BEIJING, CHINA: A Chinese submersible vessel has conducted its first deep dive in the Indian Ocean in search of rare metals. The project involves collecting samples of hydrothermal fluid and sulfide, a kind of seabed deposit containing copper, zinc and precious metals such as gold and silver. The project, which involves exploring the Indian Ocean for 120 days, reflects China’s hunger for resources, and its long-term development plans, said sources. The vessel will also obtain samples of r ...

6:38 AM, 3rd January 2015
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Hyosung to expand spandex production at China

SEOUL, SOUTH KOREA: South Korean textile and industrial materials maker Hyosung Corp will boost spandex production at its China plant, a step that will help reaffirm its position as the world’s No 1 spandex maker. The latest plan will help the company’s China facility in Guangdong Province expand production of spandex yarns by 14.3 per cent to 80,000 tonne per year, according to company officials. With the expansion, the firm’s total production of the elastic synthetic fiber w ...

11:36 AM, 31st December 2014
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ExxonMobil licenses specialty PP compounds production technology to R&P

SINGAPORE: R&P (Pte) Ltd has licensed from ExxonMobil Chemical (EMC) the technology to produce Specialty PP Compounds (TPO) to be marketed under R&P’s brand name, STERLENE for the Asia Pacific region, which includes China, Japan, Korea, India, ASEAN and the OCEANIA countries. The License grants to R&P the right to use the formulations, product designs and previous product codes created under Exxtral grades that were developed and/ or manufactured at R&P, which offers a com ...

9:34 AM, 30th December 2014
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Mitsubishi Gas Chemical to invest in shale gas development in Canada

TOKYO, JAPAN: Mitsubishi Gas Chemical Company, Inc (MGC) has decided to participate in a shale gas development and production project in British Columbia, Canada and a planned LNG project on the western coast of the same province, both of which are undertaken by Petroliam Nasional Berhad (Petronas). MGC has also decided to invest in JAPEX Montney Ltd (JML), which is a subsidiary of Japan Petroleum Exploration (JAPEX) and owns a 10 per cent interest of this project, through a newly established C ...

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