Fair Friend Group recently set up with its local agent in India a 50-50 joint venture, Feeler Cosmos, to make machining centers for the Indian machine-tool market, which is projected to bring in NT$5 billion (US$166.6 million) in revenue by ...
Tags: Joint Venture, Manufacturing
Approximately 50,000 tones of sugar stored in a warehouse operated by Cargill and Biosev at Brazil's Santos port, affected by fire in the Teag terminal, has been destroyed. The terminal, known as TEAG sugar terminal, is a 50-50 joint ...
Pilbara Minerals (ASX:PLS) is now fully funded to complete its transition to production and undertake major exploration at its key tantalum and lithium projects in WA’s Pilbara region after raising over $3 million. The funds were ...
Tags: Pilbara, Electrical, Electronics
European ethylene spot prices jumped Thursday following a fire earlier in the week at Shell's Moerdijk site in the Netherlands, sources said Friday, adding that they expect olefin supply from the steam cracker at the site to be affected. ...
Tags: Ethylene, Prompt ethylene
MEGlobal has rolled over its June North American benchmark for monoethylene glycol at 51 cents/lb, multiple market sources said Friday. The company said earlier this week that its June Asia contract price would decline $20 to $1,080/mt ...
Tags: PET makers, DEG prices
BASF and SINOPEC will build a new world-scale production plant for Neopentylglycol (NPG) at their state-of-the-art Verbund site, BASF-YPC Co., Ltd., a 50-50 joint venture in Nanjing, China. The plant, with a total annual capacity of about ...
Tags: BASF, polyalcohol
Louisville, Kentucky-based Steel Technologies LLC announced Tuesday its agreement to purchase Stripco LLC, Stripco Sales Company, LLC, and Stripco Express Inc. (collectively, “Stripco”). Stripco is a premier value-added steel ...
Tags: Steel Technologies, Steel
MEGlobal on Thursday nominated its May Asia Contract Price for monoethylene glycol at $1,100/mt CFR main port, unchanged from April, according to a notice to buyers provided by the company. The price reflected "the short-term ...
Tags: MEGlobal, MEG prices
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
MEGlobal has set its April North American benchmark price for monoethylene glycol at 51 cents/lb, down 3 cents/lb from March levels, a company source said Friday. The reduction was anticipated. Earlier this month, MEGlobal nominated its ...
Tags: PET makers, CFR
German automaker Daimler is set to invest EUR500m to expand its Mercedes-Benz Bank unit in Europe. This move is aimed focusing on customer loans to its product offering. The company currently offers its loans to dealers. Mercedes-Benz ...
Tags: Daimler, Mercedes-Benz, automaker
South Korean automaker Hyundai Motor is set to commence the production of heavy-duty trucks in China in 2014. The company will produce its Trago cargo and dump trucks at a new manufacturing plant in Sichuan province, which is slated to ...
Tags: Heavy-Duty Trucks, Truck, Transportation
Global steelmaker ArcelorMittal has announced that, together with Japan-based Nippon Steel & Sumitomo Metal Corporation (NSSMC), it has completed the acquisition of ThyssenKrupp Steel USA, a steel processing plant in Calvert, Alabama, ...
Tags: Thyssenkrupp Steel, ArcelorMittal
www.chinatrucks.com: On Feb.15th of 2014, Secretary of State John Kerry visited heavy-rated engine factory of Foton Cummins Engine and gave a speech about enhancing climate change cooperation of China and U.S.A to over 200 audiences there. ...
Tags: Foton cummins engine, Auto Parts, John Kerry
Axiall Corporation and Lotte Chemical of the Republic of Korea announced that they have signed a Heads of Agreement to pursue a 50/50 joint venture arrangement for the design, construction and operation of a proposed 1 million metric ...
Tags: Ethane Cracker, Textile