Sunday, 01-Nov-09

Formosa Q3 results show improvement
TAIPEI (November 1, 2009) Taiwan’s Formosa Plastics, one of Asia's top petrochemical producers, posted a net Q3 profit of T$9.2 billion (1.9 billion yuan) compared with a second quarter profit of T$7.7 billion (1.6 billion yuan).

BASF Q3 results: recovery will be slow and uneven
LUDWIGSHAFEN, GERMANY (November 1, 2009) -- BASF’s figures for the third quarter of 2009 demonstrate its operational strength in the global economic crisis, according to company chairman Dr Jürgen Hambrecht. “Positive impulses are coming from Asia, especially from China, and from parts of South America. Europe and North America remain weak,” he said.

Jiangsu Sopo to license DuPont vinyl acetate technology
ZHENJIANG, CHINA (November 1, 2009) -- Jiangsu Sopo (Group) Co. Ltd. will license technology from DuPont Packaging & Industrial Polymers for a new 330,000-ton-per-year vinyl acetate monomer (VAM) manufacturing plant to be located in Zhenjiang, Jiangsu province.

Tuesday, 27-Oct-09

Sabic IP's Crew: China shows clear signs of revival
RÜSSELSHEIM, GERMANY (October 27, 2009) -- Sabic Innovative Plastics LP President and CEO Charlie Crew stopped off at the company’s German office this month with members of his executive team to provide a briefing on the market and Sabic IP’s worldwide activities. European Plastics News Editor David Vink summarizes Crew’s observations, as well as the company’s investment and product development programs presented.

Schulman planning new masterbatch plant in India
FAIRLAWN, OHIO (October, 2007) -- A. Schulman, Inc. plans to establish a masterbatch facility in western India, an area that the company considers a “key geographic growth market.” The firm said the facility will start with one line that will manufacture the company’s masterbatch products for the packaging, appliance and consumer products markets.

Cabot completes expansion in China
TIANJIN (October 27, 2009) -- Cabot Corp. has completed a 150,000-metric-ton capacity expansion at its carbon black facility in Tianjin. The facility’s annual production capacity now is nearly 300,000 tons, the company said.

Goldwind to form epoxide resin JV
URUMQI, CHINA (October 27, 2009) -- China’s leading maker of wind turbine generators, Xinjiang Goldwind Science & Technology Co. Ltd. of Urumqi, has announced a plan to establish a joint venture epoxide resin plant, which is expected to help the parent company reduce material cost and improve quality of its wind turbine products.

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.

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

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).

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