China Chemical Reporter back issues from June 2007:
Eleventh five-year program for high-tech sector.(NEWSDESK: Policy)
Jun 06, 2007 ... The National Development and Reform Commission (NDRC) published the Eleventh Five-year Program for the Development of the High-Tech Sector on April 28th. NDRC expects that by 2010, the added value of high-tech sector will account for around 10% of China's GDP; the sales revenue ...
Export tariffs for partial goods.(NEWSDESK: Policy)
Jun 06, 2007 ... The Ministry of Finance announced on May 21st that China readjusts import and export tariff for partial products, effective June 1st, 2007. Export tariff at a rate of 5%-10% is imposed on over 80 varieties iron and steel products. For primary iron and steel products such as steel billet, ...
Beijing launches renovation projects for buildings.(NEWSDESK: Policy)
Jun 06, 2007 ... An official from Beijing Municipal Construction Committee says that around 160 million Square meters existing buildings in Beijing need energy conservation renovation. The specific scheme is expected to be effective during June-August 2007. Energy conservation renovation to 40.3 ...
Shenhua and Dow cooperate in coal-to-chemicals project.(NEWSDESK: Expansion)
Jun 06, 2007 ... On May 14th, 2007 the Shenhua Group (Shenhua) and the Dow Chemical Company (Dow) signed a cooperation agreement and announced their plans for a detailed feasibility study, bringing the two parties one step closer to building a world-scale coal-to-chemicals complex in Shaanxi province, ...
GE announces sale of plastics business.(NEWSDESK: Expansion)
Jun 06, 2007 ... On May 21st, GE announced that it has signed a definitive agreement to sell GE Plastics to Saudi Basic Industries Corporation (SABIC) in a deal valued at US$11.6 billion in cash plus assumption of liabilities. The closing of the transaction is subject to customary conditions, including the ...
Honeywell opens new global engineering center in Chongqing.(NEWSDESK: Expansion)
Jun 06, 2007; ... On May 14th, 2007 Honeywell (NYSE: HON) announced the opening of Honeywell (China) Advanced Solutions Co. Ltd. in the Hi-tech Zone of Chongqing, Southwest China. "China is a very important market for Honeywell," said Dave Cote, Chairman and CEO of Honeywell, "Chongqing has fast ...
SGL Group launches TenPro.(NEWSDESK: Expansion)(Brief article)
Jun 06, 2007 ... SGL Group--the Carbon Company, the largest diversified producer of carbon-based products in the world, launches its new process equipment graphite brand TenPro TM at Achemasia Beijing recently. The new brand TenPro TM with favorable price-performance ratio is developed to maximally meet ...
Air Products forms JV with CNOOC Oil Base.(NEWSDESK: Business)
Jun 06, 2007 ... On May 22nd, Air Products (NYSE: APD) announced that it has formed a joint venture (JV) with CNOOC Oil Base Group Ltd., which is a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), the leading offshore oil and gas producer in China. The JV will build ...
Rhodia polyamide opens technical center in China.(NEWSDESK: Business)
Jun 06, 2007 ... (Lyon, France -- May 16, 2007) Rhodia has reinforced its commitment to the Asian markets with the recent opening of a technical center in Shanghai, consolidating Rhodia's global technical center network. "The addition of this latest asset complements our business strategy for ...
FDI increased 10% in the first four months 2007.(NEWSDESK: Business)
Jun 06, 2007 ... On May 16th, the Ministry of Commerce (MOC) announced the foreign direct investment (FDI) in the first four months of 2007. FDI achieved US$20.359 billion in the first four months of 2007, a year-on-year increase of 10.17%. The foreign-funded firms newly established in China ...
Xiamen PX project is suspended.(NEWSDESK: Business)(due to environmental problems)(Brief article)
Jun 06, 2007; ... On May 30th, Xiamen Municipal Government of Fujian Province announced that it has decided to suspend the Xiamen PX (paraxylene) project. The PX project is planned in Haicang South Industry Zone, Xiamen--a touring city--near to local resident houses, school and scenic spots. ...
Jinhua clarified merge event.(NEWSDESK: Business)(Jinhua Group Chlor-Alkali Company Ltd. )(Brief article)
Jun 06, 2007 ... Recently a news was reported in Chinese newspapers and other media that two state-owned groups both under the central government are competing to become the majority shareholder of Jinhua Group Chlor-Alkali Company Ltd. (Jinhua Chlor-Alkali, SZ: 000818). Referring to the news, Jinhua ...
ExxonMobil Chemical strengthens presence in Asia.(NEWSDESK: ChinaPlas 2007)
Jun 06, 2007; ... ExxonMobil Chemical, the largest worldwide producer of polyolefins, announced its long-standing business strategy on May 21, at ChinaPlas 2007 held in Guangzhou. "To ensure its premium products meet the evolving needs of the markets, ExxcnMobil actively engages and guides its ...
Synventive enhances presence in electronics market.(NEWSDESK: ChinaPlas 2007)(Synventive Molding Solutions)(Brief article)
Jun 06, 2007; ... On May 23rd, Synventive, well known in the automotive market, announced at ChinaPlas 2007 that it will target the electronics/electric market providing state-of-the-art molding solutions catering to the specific needs of the electronics industry. In electronics manufacturing, ...
Sinopec Group signs agreement with Anhui Province.(NEWSDESK: ChinaPlas 2007)
Jun 06, 2007 ... China Petrochemical Corporation (Sinopec Group) signed an agreement with Anhui Provincial Government on May 2nd. Under the agreement, Sinopec will readjust its industrial structure and practice technical renovations through its subsidiaries, located in Anhui province and promote the local ...
LANXESS promotes growth and innovation in China.(NEWSDESK: ChinaPlas 2007)
Jun 06, 2007 ... (Guangzhou -- May 22) A year after the start of the Group-wide initiative "LANXESS goes Asia", LANXESS is driving growth and innovation in China further forward. In Wuxi, near Shanghai, the LANXESS Semi-Crystalline Products business unit has opened a development center for high-tech ...
INVISTA to construct plant in Shanghai.(NEWSDESK: ChinaPlas 2007)
Jun 06, 2007 ... On May 9th, 2007 INVISTA has signed a letter of intent for investment and transfer of land use rights to build a production complex at the Shanghai Chemical Industry Park that could serve the region's demand for nylon 6, 6 intermediates and polymer. The agreement is the next ...
GLS Corp highlights growth, milestone & strategic plans.(NEWSDESK: ChinaPlas 2007)(Company overview)
Jun 06, 2007 ... (Guangzhou--May 21) At Chinaplas 2007, GLS Corp., a global leader in the development, manufacture, and supply of high-performance, custom-formulated thermoplastic elastomers (TPEs), is marking the upcoming one-year anniversary of the opening of its manufacturing facility in Suzhou, Jiangsu ...
Vydyne expands presence in China.(NEWSDESK: ChinaPlas 2007)
Jun 06, 2007; ... At the ChinaPlas 2007 held in Guangzhou during May 21st- 24th, I am pleased to have visited Solutia Inc.'s booth, where Vydyne PA66 is showed. The Vydyne PA66 resins and compounds are used in thermal injection molding and extrusion applications in the electrical and electronic, ...
Bayer MaterialScience is committed to PC market in China.(COMPANY FOCUS)(Company overview)
Jun 06, 2007; ... Bayer MaterialScience' Business Unit Polycarbonates is firmly committed to its customers in China and the wider Asia Pacific region. On May 22nd, at the Chinaplas 2007 exhibition in Guangzhou, Bayer MaterialScience announced further steps of its strategy aimed at improving its ...
Ticona breaks ground for GUR[R] UHMW-PE and Celstran[R] LFRT plants in NCIP.(PROJECT NEWS: Launchment)
Jun 06, 2007; ... Ticona, the engineering polymers business of Celanese Corporation, broke ground for two production facilities in the Nanjing Chemical Industrial Park (NCIP) in Nanjing, Jiangsu province on May 21st, 2007: one for GUR[R] ultra-high molecular weight polyethylene (UHMW-PE), and the other for ...
BASF opens new EP plant in Shanghai.(PROJECT NEWS: Launchment)
Jun 06, 2007; ... On May 18th, 2007 BASF celebrated the inauguration of its engineering plastics compounding plant at its Pudong site in Shanghai. The new facility came on stream in March 2007, with a capacity of 45 000 t/a. It features with the highest environmental standards and the most efficient ...
DCMG kicks off 600 000 t/a methanol project.(PROJECT NEWS: Launchment)
Jun 06, 2007 ... On May 22nd, 2007 construction on the 600 000 t/a methanol project was started in Datong Coal Mine Group (DCMG) in Datong, Shanxi province. The 600 000 t/a methanol project is the first phase of the 1.2 million ...
Kumho Tires breaks ground Nanjing TBR Plant.(PROJECT NEWS: Launchment)
Jun 06, 2007 ... On May 16th, 2007 Kumho Tires of Korea held a groundbreaking ceremony for the Nanjing Kumho Tires TBR (Truck Bus Radial) Plant in Nanjing New & High-Tech Industry Development Zone, Jiangsu province. This is the fourth TBR plant in China. The other three plants are respectively located in ...
PPG breaks ground automobile coatings plant in Anhui.(PROJECT NEWS: Launchment)
Jun 06, 2007 ... On April 25th, 2007 PPG Industries held a groundbreaking ceremony in Wuhu, Anhui province to start a new automobile coatings plant, which is PPG's eighth production base in China today. This new plant is planned to provide special automobile painting for Chery Corporation, which is a ...
Qingdao Lidong Chemical starts production.(PROJECT NEWS: Startup)
Jun 06, 2007 ... Shandong Qingdao Lidong Chemical Co., Ltd. started production in Qingdao, Shandong province on May 22nd, 2007. The company was jointly established by GS of Korea, Oman Oil Company Ltd. and Qingdao Red Star Organic Chemical Plant on December 19th, 2003. It has a total investment ...
SK starts up Polystyrene Resin Corporation in Shantou.(PROJECT NEWS: Startup)
Jun 06, 2007 ... SK Polystyrene Resin (Shantou) Co., Ltd. established by SKN Corporation of SK Group of Korea in Shantou of Guangdong province was started production on May 10th, 2007. SKN Corporation is one of the large chemical enterprises in the world. In 2006 SKN Corporation has successfully ...
Jinhua Chemical starts up 30 000 t/a melamine project.(PROJECT NEWS: Startup)
Jun 06, 2007; ... Sichuan Jinhua Chemical Co., Ltd. (Jinhua Chemical) recently put on stream its 30 000 t/a melamine unit in Hejiang Chemical Industry Park, Luzhou, Sichuan province. The unit has manufactured qualified products and is under regulation and control today. With a total investment of RMB497 ...
Zhongjie Petrochemical starts up 100 000 t/a DME unit.(PROJECT NEWS: Startup)
Jun 06, 2007 ... On May 16th, 2007 a 100 000 t/a DME (dimethyl ether) production unit was completed and conducted wet commissioning in Zhongjie Petrochemical Group Company Ltd. (Zhongjie Petrochemical) in Cangzhou, Hebei province. The quality and design capacity of the products made by the unit can reach ...
Lejoin Polyurethane Industry starts up TPU production line.(PROJECT NEWS: Startup)
Jun 06, 2007 ... A 3 000 t/a TPU (thermoplastic polyurethane) production line in Lejoin Polyurethane Industry Co., Ltd. recently made successful trial production in Shanghai on April 27th, 2007 and started normal production on May 8th, 2007. The TPU capacity in the company is therefore doubled to reach 6 ...
Explosion in Hesheng Chemical.(Accident Page)
Jun 06, 2007 ... On May 21st, 2007 Zhejiang Hesheng Chemical Company Ltd. (Hesheng Chemical) got exploded and caught fire in Jiaxing Port Area, Zhejiang province. The accident caused no injury. According to a person in the know, a ...
Explosion in Nanjing Port Co., Ltd.(Accident Page)(Brief article)
Jun 06, 2007 ... On May 17th, 2007 a naphthalene store tank with the content of 1 300 tons got exploded in Nanjing Port Co., Ltd. located in Yizheng Port Area, Yangzhou, Jiangsu province. Two people died in the accident. They were doing some repairing work on the top of the tank, in which there was over ...
Fire in Shenzhou Xinxing Chemical Plant.(Accident Page)
Jun 06, 2007 ... On May 13th, 2007 Shenzhou Xinxing Chemical plant got exploded and caught fire in Donganzhuang town, Shenzhou, Hebei province. No people injured in the accident. This chemical plant makes use of paraffin and chlorine to manufacture ...
Explosion in Changzhou Jieyu.(Accident Page)
Jun 06, 2007 ... On May 12th, 2007 explosion took place in Changzhou Jieyu Plastic Cement Co., Ltd. (Changzhou Jieyu) located in Changzhou, Jiangsu province. Workers were ...
Chemtura introduces Firemaster[R] 800 flame retardant.(H.S.E.)
Jun 06, 2007 ... Chemtura Corporation (NYSE:CEM) launches Firemaster[R] 800, a new flame retardant for flexible polyurethane foam that delivers 20% higher efficiency than the previous generation of Firemaster[R] 550 products. Firemaster[R] 800 is a cost-effective alternative to chlorinated ...
Dow Corning showcases Molykote[R] G-1050 Grease.(H.S.E.)
Jun 06, 2007 ... Dow Corning announces the availability of polyalphaolefin-based Molykote[R] G-1050 Grease, which is specially formulated for the lubrication of electrical contacts as well as plastic and metal parts. Molykote G-1050 is ideal for modern automotive designs, where compact spaces ...
Borouge and Borealis highlights Daplen material.(Daplen[R] EF341AE)(Brief article)
Jun 06, 2007 ... Borouge and Borealis, the leading providers of innovative, value creating plastics solutions in the Middle East, Africa, Asia-Pacific and Europe, have delivered the foundation for a technological breakthrough to the automotive industry with the development of Daplen[R] EF341AE used in the ...
Production increased with price rise.(MARKET REPORT: Tracing)
Jun 06, 2007; ... In April 2007, China's petroleum and chemical industry remained up trend in production. Among the 65 types of petrochemical products that have been tracked by CPCIA (China Petroleum and Chemical Industry Association), the output of 61 types increased compared with April 2006, accounting ...
Performance of Spandex sector improves rapidly.(MARKET REPORT: Fiber)(Zhejiang Huafeng Spandex Company Ltd., Sichuan Sofcra Special-Typed Fiber Company Ltd.)
Jun 06, 2007 ... Zhejiang Huafeng Spandex Co., Ltd. (SZ: 002064) and Sichuan Sofcra Special-Typed Fiber Co., Ltd. (SZ: 000584) as major listed spandex companies in China have recently published their performance statements for the first quarter of 2007. The main-business revenue of Zhejiang Huafeng Spandex ...
Price of Vitamin [B.sub.5] increases rapidly.(MARKET REPORT: Fiber)
Jun 06, 2007 ... The export price of vitamin [B.sub.5] in China has increased constantly in 2007. According to the analysis made by experts, the demand of vitamin [B.sub.5] has not grown greatly. The main reason for the price rise is the change of the supply mode. Such a price level can be maintained for a ...
Import and export of bulk pharmaceuticals in 2006.(MARKET REPORT: Fine Chemicals)
Jun 06, 2007 ... According to customs statistics, the total import and export value of bulk pharmaceuticals (excluding chemical raw materials and bulk pesticides) in China was US$10.346 billion in 2006. The export value was US$7.482 billion--an increase of 22% over the 2005. The import value was US$2.864 ...
Dyeing and printing sector develops steadily.(MARKET REPORT: Fine Chemicals)
Jun 06, 2007 ... With the rapid growth of the economy, the dyeing and printing sector in China developed considerably in 2006. Highlights of the year include a rapid increase of output levels, considerable growth of profits, a reduction of imports and an expansion of exports. 1. Output rose ...
Mergers and acquisitions: by China's petroleum and chemical companies.(SPECIAL REPORT: M & A)
Jun 06, 2007; ... In the world of mergers and acquisitions (M&A), deals by Asian players usually account for around 15% of the activity. In 2005 and 2006, however, this proportion increased and was estimated to be 18%-20%. With the sustained rapid growth of the economies of China and India, the two biggest ...
Weekly report of stock performance.(STOCK)
Jun 06, 2007; ... For the week (May 21st-25th), the index of Shanghai Stock market and Shenzhen Stock market continued to go up by a weekly increase of 3.71% and 4. 80% respectively. All 92 companies majored in chemical and concern industry enjoyed a stock price up. The increase attempted to explain that ...
Prices of major chemicals quoted in Shanghai in May 2007.(STATISTICS: Price)(Statistical table)
Jun 06, 2007 ... <Pre> Prices of Major Chemicals Quoted in Shanghai in May 2007 Product SpecificationPrice (RMB/t)TopBottom Inorganic chemicals Ammonium Chloride99% 9000 ...
Import & export data in China in April 2007.(STATISTICS: Imp & Exp)(Statistical table)
Jun 06, 2007 ... <Pre> Import & Export Data in China in April 2007 CODE DESCRIPTION IMPORTApril 2007 Quantity Value (kg) (US$ 1000) 23099010 Feed ...
Control of exports.
Jun 16, 2007; ... The 7th International Fine Chemicals Market Seminar was held in Nantong, Jiangsu province of eastern China May 29th-31 st. Around 200 delegates from Korea, Russia, India, Japan, China and other nations attended the annual seminar. "REACH will increase Chinese companies' cost 5% when ...
CNOOC controls Dayukou Chemical.(NEWSDESK: Acquisition)
Jun 16, 2007 ... Following completion of the acquisitions of China National Chemical Construction Corporation (CNCCC) and China National Chemical Supply and Sales (Group) Corporation (China Chem Group) with no pay, China National Offshore Oil Corporation (CNOOC), the third largest oil and gas company in ...
Jianghuai engine enters fiber business.(NEWSDESK: Acquisition)(Brief article)
Jun 16, 2007 ... Jiangsu Jianghuai Engine Co., Ltd. (Jianghuai, SZ: 000816) announced on May 23rd that it has expanded investment for Fujian Jinlun Petrochemical Fiber Industry Co., Ltd. and enters the fiber business. It has invested RMB20 million in cash and other five companies have also invested RMB120 ...
Sinochem International to acquire 28% equity in JSAC.(NEWSDESK: Acquisition)(Sinochem International Oil Company Ltd., Jiangshan Agrochemical & Chemical Limited Liability Co.)(Brief article)
Jun 16, 2007 ... On May 18, Sinochem International (Holding) Co., Ltd. (Sinochem International, SH: 600500) signed an agreement with Nantong Industry & Trade Owned Assets Operation Co., Ltd., on the 26% equity in Nantong Jiangshan Agrochemical & Chemical Limited Liability Co. (JSAC, SH: 600389). Under the ...
Dymatic Chemicals to acquire 10% equity in Oxiranchem.(NEWSDESK: Acquisition)
Jun 16, 2007 ... On May 30th, Dymatic Chemicals, Inc (SZ: 002054) announced that it plans to acquire 10% equity in Liaoning Oxiranchem Group, for a consideration of RMB15 million. Both sides signed an agreement for the deal on May 25th. Liaoning Oxiranchem Group, located in Liaoyang, Liaoning ...
China and Malaysia strengthen cooperation in gas and oil fields.(NEWSDESK: Cooperation)(Petroliam Nasional Bhd., Shanghai LNG Company Ltd.)(Brief article)
Jun 16, 2007 ... International Business Daily reports that PETRONAS of Malaysia will supply natural gas to Shanghai before the opening of WORLD EXPO 2010 Shanghai. In July 2006, Malaysia LNG Tiga Sdn Bhd, a subsidiary of PETRONAS signed a sale and purchase agreement with Shanghai LNG Company ...
Qingdao Soda Ash cooperates with Veolia Water in seawater desalination business.(NEWSDESK: Cooperation)
Jun 16, 2007 ... On May 31st, Qingdao Soda Ash Industrial Co., Ltd. (SH: 600229) announced that it will set up a 50/50 joint venture (JV) with Veolia Water China. The new JV will construct a pretreatment of seawater project with a capacity of 15 600 cubic meters seawater per day and two facilities for ...
IFC partners with BPEA in Dongyue Chemical.(NEWSDESK: Cooperation)
Jun 16, 2007 ... International Finance Corporation (IFC), Baring Private Equity Asia (BPEA) and Shandong Dongyue Chemical Co., Ltd. signed a cooperation agreement on June 4th. Under the agreement, IFC and BPEA will jointly invest US$130 million in Dongyue Chemical and acquire a 27.3% stake in Dongyue ...
China imposes export tariff on diammonium phosphate.(NEWSDESK: Cooperation)
Jun 16, 2007 ... The Ministry of Finance has recently issued a notice, imposing export tariff on diammonium phosphate and readjusting the tentative tariff rate on the export of phosphate rock, effective June 1st, 2007, in order to control the export of chemical fertilizers and ensure the supply in the ...
South Africa imposes tentative tariff to feed additives and lysine.(NEWSDESK: Cooperation)
Jun 16, 2007 ... On May 11th, 2007 the Trade Management Commission of South Africa announced that starting from May 11th 2007, South Africa will adopt tentative protection measures and impose import tariff at a ...
Tongwei Group starts polycrystalline silicon business.(NEWSDESK: Expansion)(Brief article)
Jun 16, 2007 ... Tongwei Group, Jiangsu Juxing Group and Leshan Municipal Government signed a contract on May 24th, on constructing a 10 000 t/a polycrystalline silicon project in Leshan, Sichuan province. The project has a design capacity of 10 000 t/a polycrystalline silicon and a total ...
SABIC opens two new offices in China.(NEWSDESK: Expansion)
Jun 16, 2007 ... SABIC (Saudi Basic Industries Corporation) has officially opened two new offices for SABIC in China--in Beijing and Shenzhen. In combination with SABIC's existing offices in Shanghai and Hong Kong, SABIC has strengthened its position in the world's most important and fastest growing ...
Jiangshan Chemical and Yuanxing Natural Alkali jointly produce DMF.(NEWSDESK: Expansion)
Jun 16, 2007 ... Zhejiang Jiangshan Chemical Co., Ltd. (SZ: 002061) and Inner Mongolia Yuanxing Natural Alkali Co., Ltd. (SZ: 000683) announced on May 29th that they will establish a joint venture (JV) called Inner Mongolia Yuanxing Jiangshan Chemical Co., Ltd., for a DMF (dimethyl formamide) facility and ...
Qingdao Kingking to develop oil in Shaanxi.(NEWSDESK: Contract)
Jun 16, 2007 ... Qingdao Kingking Company Ltd. (Qingdao Kingking, SZ: 002094) announced on May 9th that the Lijin Senhua Chemical Co., Ltd., its 40% equity held by Qingdao Kingking has already signed a contract with Ganquan Dynamic Oil/Gas Development Co., Ltd., on 7-year cooperation in the joint ...
Air Products wins contract to supply oxygen to Jushi.(NEWSDESK: Contract)
Jun 16, 2007 ... (June 5, 2007) Air Products (NYSE: APD) has signed a long-term contract to supply gaseous oxygen to China's Jushi Group Co., Ltd., the largest fiberglass manufacturer in Asia. This is the third contract awarded to Air Products in support of Jushi's glass production in Tongxiang, Zhejiang ...
First phase of Zhoushan Oil Reserve Base operates.(NEWSDESK: Contract)(Brief article)
Jun 16, 2007 ... A ceremony for the first phase of Zhoushan Oil Reserve Base to start operation was held on May 23rd. It has received 238 000 tons of crude oil from a Singapore oil tanker. Zhoushan Oil Reserve Base is one of the first four major oil strategic reserve bases in China, with a total ...
DTL wins PP Technology contract in China.(NEWSDESK: Contract)
Jun 16, 2007 ... On June 6th, 2007 Dow Technology Licensing (DTL), a business unit of The Dow Chemical Company and its consolidated affiliates (Dow), announced that Shenhua Baotou Coal Chemicals Company, a leader among Chinese manufacturers pioneering the coal-based production of chemicals and plastics, ...
Jiangnan high polymer fiber issues new domestic shares.(NEWSDESK: Finance)
Jun 16, 2007 ... Following the approval by China Securities Regulatory Commission, Jiangsu Jiangnan High Polymer Fiber Co., Ltd. (SH: 600527) has issued 50 million new domestic shares at the end of May 2007, at a price of RMB15.79 per share. The fund raised was around RMB287.15 million, in which the net ...
Lutianhua increases investment for Ningxia Jiemei.(NEWSDESK: Finance)
Jun 16, 2007 ... Sichuan Lutianhua Co., Ltd., the leading urea producer in China, announced on June 5th, 2007 that it's Board of Directors has agreed to increase an investment of RMB168.7 million for Ningxia Jiemei Fengyou Chemical Co., Ltd. (Ningxia Jiemei), making its registered investment be RMB381 ...