Sika is expanding its presence in the Asia/Pacific Region with the establishment of Sika Sri Lanka. This represents another milestone in Sika‘s ambitious growth strategy, with a clear focus on the accelerated build-up of operations in ...
Tags: Sika, Opens, Construction
Global polypropylene capacity increased at a Compound Annual Growth Rate (CAGR) of 5.2% from 2003, reaching 65 million tons per year (mmty) in 2013, and is expected to continue rising to 86 mmty by 2018, at a slightly higher CAGR of 5.8%, ...
Tags: China&Russia, Polypropylene, Textile
Mexico-based baking company Grupo Bimbo has agreed to acquire Ecuador bread producer Supan, as part of its strategy to further strengthen its presence in the Americas. The transaction involves number of brands such as the Supan, Bimbo, ...
Tags: Grupo Bimbo, Supan, Food
Roads in Finland in 2020 will hum to the sound of low-emission vehicles running on renewable energy, electricity, hydrogen and sustainable biofuels. The share of public transport and car pooling in densely populated urban areas will ...
Tags: Service, vehicles, renewable energy, Smart transport
Automobile components manufacturer JBM Group is reportedly planning to invest INR7bn ($118.77m) in automobile component business in India over the next two years. The move is part of the company's plans increase its annual revenues from ...
Tags: Automobile Component, JBM Group
The NYMEX June natural gas futures contract settled 4.6 cents higher at $4.405/MMBtu on Friday as the market consolidated ahead of the holiday weekend and eyed forecasts for hotter than normal weather into June. "Despite the short-term ...
Tags: Natural Gas, oil prices
EU first-quarter polystyrene imports jumped 119% year on year, according to recent Eurostat data. Market sources attributed the sharp increase in imports largely to reductions in domestic production capacity. The EU imported 38,920 mt of ...
Tags: Polystyrene, polystyrene imports
BASF and Sinopec today inaugurated two new plants for acrylic acid and superabsorbent polymers (SAP) at their state-of-the-art Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China. Additionally, a new butyl acrylate ...
Tags: Basf, Construction, Acrylic Acid, Chemicals
Presently, several petrochemical projects are either under construction or expansion and Indonesia is on its way to become self-sufficient in the production of olefins like ethylene and propylene, aromatic and other petrochemical products ...
Tags: Petrochemicals Self-Sufficiency, petrochemical projects
Hempel recently broke ground for a coatings production facility in Russia. The new plant will help meet the growing demand for Hempel coatings in Russia, Ukraine and Central Asia. Strategically located to best serve the market, it will ...
British luxury car maker Jaguar Land Rover (JLR) is set to invest GBP100m in a car manufacturing plant in Saudi Arabia to expand the production. This investment follows the company's investments in China and Brazil to establish new ...
Tags: luxury car, Land Rover, Jaguar
Iron ore blast furnace pellet premiums rose further in March as some steelmakers were said to have agreed quarterly pricing for Q1 around the low $40s/dry mt, and leave open the opportunity to renegotiate for lower pricing later this year. ...
Tags: Iron Ore, Pellet premiums
Maple Leaf Foods Inc. today reported its financial results for the fourth quarter and full year ended December 31, 2013. Adjusted Operating Earnings(1)(2)(3) for the fourth quarter was a loss of $21.7 million compared to Adjusted ...
Tags: Maple Leaf Foods, Food
European imports of polyethylene terephthalate shot up by over 30% in 2013, according to Eurostat data published this week, and market participants believe that the specter of imports continues to loom over European producers. From ...
In the past half century, power plants in the United States have made considerable strides in water use, but there is still a long way to go, according to new figures from the U.S. Energy Information Administration (EIA). More than 70 ...