Media

4:07 PM, 29th August 2015
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Tianjin port explosion hampers chemicals and electronics industry

NEW YORK, US: With flames still flickering following a devastating explosion in the Chinese port of Tianjin, global enterprises are scrambling to assess and respond to the disaster’s impacts on their operations. Tianjin is one of the world’s largest ports, and a primary gateway to the vast array of goods produced in northern China. In a world of globe-spanning supply chains, observers say the impacts of disruption at this key node could be widespread and long-lasting. “We knew ...

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3:29 PM, 7th August 2015
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BASF partners with Nagase Wahlee for polyurethanes sales in Taiwan

TAIPEI, TAIWAN: BASF Taiwan Ltd and Nagase Wahlee Plastics Corp (NWP) said that the companies have signed a letter of intent to enter into a distribution agreement. NWP, a specialist in the distribution of high-performance materials, will support BASF’s polyurethane customers in Taiwan. It will also expand BASF’s existing presence in the domestic market with services such as product stocking, repacking and distribution of both polyurethane solutions and injection moulding grades for ...

1:42 PM, 7th August 2015
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Denka to buy German biopharma firm, enhances vaccines business

TOKYO, JAPAN: Denki Kagaku Kogyo (Denka Group) said it will acquire Icon Genetics GmbH, a German bio-pharmaceutical R&D company, from Nomad Bioscience GmbH for €75 million ($81.9 million), in two phases. Denka will acquire 51 percent of Icon’s shares from Nomad (first phase) as a result of which Icon will become a subsidiary of Denka and after two years, it will acquire the remaining 49 percent shares making it a wholly owned subsidiary, Denka said. The first phase of acquisitio ...

9:35 AM, 7th August 2015
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Shell sells Chinese lubricant firm 75 pc stake to Carlyle, Huo’s Group

LONDON, UK: Royal Dutch Shell Plc said it has signed an agreement to sell its 75 percent stake in Tongyi Lubricants in China to Huo’s Group and The Carlyle Group. The transaction is expected to complete by late 2015 or early 2016. The sale is consistent with Shell’s strategy to concentrate its downstream footprint on a smaller number of assets and markets where it can be most competitive, it said. Tongyi, a joint venture between Shell and Huo’s Group, is a prominent Chinese l ...

4:01 PM, 5th August 2015
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Teijin opens tech development centre in Matsuyama factory, Japan

TOKYO, JAPAN: Teijin Limited said it has opened its technology development centre at its factory in Matsuyama, Ehime prefecture, Japan to serve as a central base for developing high-performance materials solutions for the Teijin group, effective immediately. Integrating advanced fibre development functions previously handled by the Osaka research centre, as well related company-wide solutions development and engineering, the technology development centre will serve as a core R&D base and ne ...

5:06 PM, 4th August 2015
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The challenge of mining rare-earth materials outside China

WASHINGTON, US: Five years ago, the cost of rare-earth materials that are critical for today’s electronics went through the roof. An export quota set by China, which mines most of the world’s rare earths, caused the price run-up. Though short-lived, the occurrence spurred calls for developing mines outside China, but whether others can challenge the country’s dominance remains to be seen, reports Chemical & Engineering News (C&EN), the weekly newsmagazine of the America ...

4:05 PM, 4th August 2015
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Panca Amara Utama breaks ground at ammonia facility in Indonesia

JAKARTA, INDONESIA: PT Panca Amara Utama (PAU) said Joko Widodo (Jokowi), president of Indonesia, inaugurated the groundbreaking of its ammonia facility in Banggai Regency, central Sulawesi, on 2 Aug. PAU was established by PT Surya Esa Perkasa Tbk (SEP), the first publicly-listed LPG refinery on the Indonesia stock exchange. The factory will be constructed on 192 hectare area, with an investment of $830 million, it said. In addition to the groundbreaking, the president inaugurated the Mega In ...

2:50 PM, 1st August 2015
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Casale bags contract to revamp ammonia-urea complex in India

LUGANO, SWITZERLAND: Casale SA said that it has acquired a major contract by India-based Zuari Agro Chemicals Ltd, to provide basic engineering design services for revamping their ammonia-urea complex in Goa, India. In addition, a new granulation unit based on Casale’s Vortex technology will also be supplied, it said. The goal of the revamping is to increase the output of the complex from 850 metric tonne per day (mtd) to 1,050 mtd of ammonia and from 1,450 mtd to 1,800 mtd of urea respec ...

1:35 PM, 1st August 2015
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Building a plane from leather waste

CHENNAI: While leather is used to make shoes and other accessories, leather waste can be used to make an aircraft. Don’t think too hard, scientists at Central Leather Research Institute (CLRI) have found a way to use leather solid waste to make a nano-composite material that is tough enough to make the body of a car, bike or aircraft, besides light weight construction material, electrical switches, computer cabinets, insulation and ropes, reported the Indian newspaper, Times Of India (TOI ...

2:04 PM, 29th July 2015
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H B Fuller breaks ground on new adhesives facility in Indonesia

ST PAUL, US: H B Fuller Company said that it broke ground on its future manufacturing facility in Surabaya, Indonesia. This future facility will strengthen H B Fuller’s network in Asia Pacific region and will complement products and technical service of the company’s manufacturing facilities in China, Philippines, Malaysia and Australia. The company anticipates production of hot melt and water-based adhesives products to begin in the second quarter of 2016. This increased capacity i ...

9:46 AM, 29th July 2015
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Frutarom acquires Scandia Citrus in US; its ninth acquisition this year

HERZLIYA, ISRAEL: Frutarom Industries Ltd said it has acquired the business operations and assets of Florida, US-based Scandia Citrus LLC, which specializes in specialty solutions in the field of citrus for leading global customers in the flavour, food and beverages markets, for approximately $6 million.  Scandia’s sales in 2014 totaled approximately US$ 8 million, Frutarom said. This acquisition joins that of CitraSource last year which also specializes in citrus and whose producti ...

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