Tuesday, 27-Oct-09

Chinese seen as buyers of U.S. auto suppliers
DETROIT (October 27, 2009) -- Chinese automotive suppliers are likely to be buyers of North American parts companies as the industry faces 12 to 18 more months of depressed volumes and tight credit, said Dietmar Ostermann, a director with the management consultancy PRTM in Addison, Texas.

Hong Kong plastics firms report mixed results
Hong Kong (October 27, 2009) -- Hong Kong-based compounder Ngai Hing Hong Co. Ltd. said it is seeing signs of recovery in its Chinese factories, while other plastics firms reporting financial results recently at the Hong Kong stock market were more cautious.

Jushi prepares for a greener China
TONGXIANG, ZHEJIANG PROVINCE (October 27, 2009) -- Jushi Group Co. Ltd. sees windmills in its future. After 16 years of growing its business on cheap prices and exports, the Tongxiang-based fiberglass manufacturer is tweaking its strategy to include more emerging markets and focus more heavily on the environment.

Gibson and Jushi introduce new E-glass fiber

Zhang

TONGXIANG, ZHEJIANG PROVINCE (October 27, 2009) -- Gibson Enterprises Inc., a U.S. fiberglass company, in conjunction with the Tongxiang-based manufacturer Jushi Group Co. Ltd., plan to release a new product the companies hope will help blunt some of the impact of the financial crisis. This will help meet requirements for an expanding range of demanding applications, said Zhang Yuqiang, chairman and president of Jushi Group.

Monday, 26-Oct-09

Dow Corning and Wacker expanding in China
ZHANGJIAGANG, CHINA (October 26, 2009) -- Dow Corning Corp. and Wacker Chemie AG have started construction of the second phase of their pyrogenic silica plant in Zhangjiagang, Jiangsu province.

Yulin Energy licenses Ineos technology
YULIN, CHINA (October 26, 2009) -- China’s Yulin Energy and Chemical Co. Ltd. has signed a licensing agreement with Ineos Technologies for polypropylene and polyethylene factories it plans to build in Shaanxi province, China. Both factories, to be located outside Yulin, are expected to be operational in 2013.

Fakuma visitor numbers down about 11 percent
FRIEDRICHSHAFEN, GERMANY (October 26, 2009) -- Preliminary figures from Fakuma exhibition organizer P.E. Schall GmbH & Co. KG show that 37,281 people traveled to Friedrichshafen for this year’s trade show, down about 11 percent from the 2008 total of 41,856.

Thai company appeals halt to chemical projects
BANGKOK (October 26, 2009) -- Petroleum Authority of Thailand (PTT) has appealed an injunction issued by the Central Administrative Court that ordered government agencies to suspend investment in chemical projects in Rayong Province, south of Bangkok.

Cereplast develops algae-based bioplastics
HAWTHORNE, CALIF. (October 26, 2009) -- Bioplastics maker Cereplast Inc. plans to launch a line of bioplastic resins based on all-natural algae by the end of 2010. The company said the algae-based resins could be blended with polypropylene or other standard resins and used in injection molded or thermoformed parts.

Monday, 19-Oct-09

Xi’an Aircraft acquires Austrian supplier FACC
XI'AN, CHINA(October 19, 2009) -- Xi’an Aircraft Industry (Group) Co. Ltd. will acquire a 91.25 percent stake in Austrian composites maker FACC AG, part of the Chinese firm’s plans to expand in international aviation markets.

Two Indian housewares firms continue expansion
GUANGZHOU, CHINA (October 19, 2009) -- Plastic packaging extruder Specialty Polyfilms India Pvt. Ltd. invested in a significant capacity expansion in August, as the company sees growth for its plastic food wrap. Meantime, household goods injection molder Princeware International Pvt. Ltd. is planning to add 15 injection molding machines at its Mumbai headquarters factory.

Liansu builds extrusion plants across China
GUANGZHOU, CHINA (October 19, 2009) -- Liansu Group, one of China’s largest plastic pipe makers, has opened a new factory in Nanjing, Jiangsu province, to target growing domestic demand for infrastructure projects. The company has also broken ground on new extrusion plants in Daqing, Heilongjiang province, and in Urumqi, Xinjiang. Liansu is also planning a pipe factory near Xi’an, Shaanxi province.

Thai court suspends 25 petrochemical projects
SINGAPORE (October 19, 2009) -- A Thai court has ordered the suspension of 25 petrochemical projects valued at 130 billion baht ($3.9 billion). But construction work is continuing because the government has not issued a suspension order, according to Petroleum Authority of Thailand (PTT).

Friday, 16-Oct-09

Rebus deal expands Milliken thermoset colorant portfolio
SPARTANBURG, S.C. (October 16, 2009) -- Milliken & Co. announced that its Milliken Chemical subsidiary has purchased the assets of Rebus Inc., a North American supplier of pigment and additive dispersions for the thermoset plastics and high-performance industrial coatings markets. Milliken said the deal will allow it to offer Rebus products to thermoset and coatings manufacturers in fast-growing markets such as Asia-Pacific.

Trendelkamp opens sales office in Ho Chi Minh City
NORWALDE, GERMANY (October 16, 2009) -- Trendelkamp Technologie GmbH, a maker of polymer filtration equipment based in Norwalde, has named Reinhard Finger sales manager and Stefan Krenz will be responsible for the support of the American and Asian sector. The firm's new sales office in Ho Chi Minh City, Vietnam will be managed by Mark Murphy.

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