Recently added articles from China Chemical Reporter:
China continues to control high pollution project.
Jun 16, 2009; ... On May 31st China's Ministry of Industry and Information Technology (MIIT) announced an order to continue controlling calcium carbide projects, in response to the overcapacity in the high pollution sector. The order required the provincial, municipal and regional governments to supervise ...
Review on China's petrochemical market in Q1 of 2009 and prediction in Q3.(Policy, Economy & Finance)
Jun 16, 2009; ... Due to the impacts of the financial crisis, the global economy in 2009 will have negative growth. In the first quarter (Q1), the GDP growths of major developed countries have decreased significantly, and their demand has been weakened remarkably. This resulted in the significant drop of ...
China increases export rebates.(Policy, Economy & Finance)(Brief article)
Jun 16, 2009 ... The Ministry of Finance announced to increase the rebates for some exported goods on June 3rd. The involved chemicals include methanol, some pesticides and plastic articles, totally dozens of codes. This is the seventh adjustment regarding to export rebates since August 2008, ...
PetroChina acquires Keppel's 100% stake in SPC.(M&A, Business & Trade)
Jun 16, 2009 ... On May 24th, PetroChina Company Limited (PetroChina, HK: 00857; NYSE symbol PTR; SZ: 601857) announced that its indirectly wholly-owned subsidiary PetroChina International (Singapore) Pte. Ltd. that PetroChina holds via PetroChina International Company Ltd., has entered into a conditional ...
China announces initial ruling on BDO case.(M&A, Business & Trade)(butanediol)(Brief article)
Jun 16, 2009 ... China's Ministry of Commerce said on May 5th that Taiwan province and Saudi Arabia had dumped 1,4-butanediol (BDO, HS code: 29053990) on the Chinese mainland that had caused substantial damage to the domestic BDO industry, as it revealed the results of an initial ruling of a dumping ...
China's April foreign trade dropped for sixth month.(M&A, Business & Trade)
Jun 16, 2009 ... China's exports and imports shrank 22.8% year-on-year to US$170.73 billion this April, indicating the sixth consecutive monthly double-digit drop, the General Administration of Customs released on May 12th. Exports fell 22.6% year-on-year to US$91.94 billion. Imports dropped ...
Arkema continues to refocus functional additives business.(M&A, Business & Trade)(mergers between Arkema and Hoe Seng Co Pte Ltd group )(Brief article)
Jun 16, 2009 ... Arkema announced on May 5th the sale of two families of additives produced in China to the Hoe Seng Co Pte Ltd group (Singapore): ceramic opacifiers and polyester resin catalysts. Production of these additives is based in southern China, on the Guangzhou site which employs 105 ...
Shandong Haihua unveils Q1 loss.(M&A, Business & Trade)(Shandong Huantai Bohui Corp.)(Financial report)(Brief article)
Jun 16, 2009 ... Shandong Haihua Co., Ltd. (SZ: 000822), China's leading inorganic chemicals maker, said net profit fell 40.65% to RMB207 million in 2008 while sales dipped 1.51% to RMB8.58 billion, according to its annual results. Meanwhile, the company posted a loss of RMB 136 million in the ...
LANXESS greater China sales down 27% to EUR 84.8 mln.(M&A, Business & Trade)(Brief article)
Jun 16, 2009 ... Due to the extremely difficult market environment worldwide, specialty chemicals group LANXESS AG sales dropped by 31.3% year on year to EUR 1 054 million. The decline in volumes alone came to 36.1%. The Group reported a net loss of EUR 14 million for the first quarter against ...
...... Strengthens rubber R & D presence in Qingdao.(M&A, Business & Trade)
Jun 16, 2009 ... LANXESS AG on May 21st inaugurated the expansion of its High Performance Rubber R & D Center in Qingdao, Shandong province, eastern China. In doing so, the company is underlining its strategy of profitable growth in Asia through targeted investments in research and development. ...
AkzoNobel to sell stake in Pakistan PTA activities.(M&A, Business & Trade)
Jun 16, 2009 ... AkzoNobel has agreed to divest its 75% stake in the PTA (pure terephthalic acid) activities of its Chemicals Pakistan business to Korean company KP Chemical Corporation (KPC). The holding in Pakistan PTA Limited was acquired by AkzoNobel in 2008 as part of the acquisition of ...
Chinalco announces deal with Rio Tinto breakup.(M&A, Business & Trade)
Jun 16, 2009 ... The Aluminum Corporation of China (Chinalco) announced June 5th its deal with Australian Rio Tinto is dead, and the company will acquire a US$195 million ...
NDRC passed Petrochemical projects in May.(New Setup, Agreement & Plan)
Jun 16, 2009 ... The National Development and Reform Commission approved some petrochemical projects this May. They are as follows: * The 600 000 t/a salt project, proposed by Zhenjiang Salt Chemical Co., Ltd., under China National Salt Industry Corporation. The proposed plant is ...
New Sinochem Corporation formed.(New Setup, Agreement & Plan)
Jun 16, 2009 ... With the approval by the State-owned Assets Supervision and Administration Commission of the State Council, Sinochem's holding company formed on May 31st, 2009. The existing Sinochem Corporation was renamed as Sinochem Group. The Sinochem Corporation from now on referred to a ...
Huaxing to build caustic soda project.(New Setup, Agreement & Plan)
Jun 16, 2009 ... Anhui Huaxing Chemical Industry Co., Ltd. (Huaxing, SZ: 002018) announced on June 10th to build a 300 000 t/a ionic membrane caustic soda facility in He county, Chaohu, Anhui province. The company will initially commence the project phase I, including construction of 100 000 t/a ...
Hongda's shareholding company to build fertilizer plant.(New Setup, Agreement & Plan)
Jun 16, 2009 ... Sichuan Hongda Co., Ltd. (Hongda, SH: 600331) announced on May 19th its board has agreed its 94.21% shareholding Sichuan Mianzhu Chuanrun Chemical Co., Ltd. to build 200 000 t/a synthetic ammonia, 300 000 t/a urea and 300 000 t/ a compound ...
Malong to build sodium formate facility.(New Setup, Agreement & Plan)(Brief article)
Jun 16, 2009 ... Yunnan Malong Chemical Co., Ltd. (Malong, SH: 600792) announced on May 18th to build a 20 thousand t/a sodium formate facility using tail gas produced in yellow phosphorus electric stove as feedstock. The plant has been nodded by Malong's board. With completion of ...
WACKER completed expansion of Shanghai Technical Center.(New Setup, Agreement & Plan)
Jun 16, 2009 ... The Munich-based chemical Group WACKER has recently finished expansion of its Shanghai Technical Center located at Shanghai Zhangjiang Hi-Tech Park. The company released May 12th. The facility now houses over ten labs for WACKER's silicone and polymer activities, serving ...
Guangzhou iron & steel forms gas JV with Linde.(New Setup, Agreement & Plan)
Jun 16, 2009 ... On April 30th, Guangzhou Iron and Steel Co., Ltd. (SH: 600894) announced to form a 50:50 JV company with Linde Group. The JV, located in Guangzhou Nansha Development Zone in Guangzhou, Guangdong province, will be in ...
China released energy development report 2009.(Energy Chemical)
Jun 16, 2009 ... China's energy demand and supply situation would be further relaxed in 2009 as slowing economic expansion reduced demand growth while new capacity keeps growing, according to the China Energy Development Report 2009 released by the National Energy Administration under NDRC on May 25th. ...