For coatings producers one of the big benefits of the sharp fall in oil prices in the second half of last year (2014) should be a drop in raw material costs. Some commentators are also predicting a rise in demand due to the effect of ...
Tags: Oil Prices, Raw materials, Construction
Thailand based and global fibres and petrochemicals producer, Indorama Ventures (IVL) is pulling out of an agreement to acquire SASA Polyester Sanayi AS (SASA) in Turkey. In a Thailand stock exchange filing, Indorama said both sides have ...
Tags: DMT, staple fibers, filament yarns, Textile
West Bengal based and since long ailing, Haldia Petrochemicals Ltd (HPL) is expected to reopen its plant as lenders have agreed to infuse fresh funds into the loss making company. After Purnendu Chatterjee, chairman of The Chatterjee ...
Tags: technical snag, Textile
Foreign direct investment (FDI) inflows into India have surged by around 25 per cent from a year ago, in the April-October period of the current fiscal year. In the seven months to October 2014, FDI rose some 25 per cent from $13.82 ...
Tags: pharmaceuticals, oil, gas, petrochemicals, Textile
Thailand headquartered and producer of petrochemicals and fibres, Indorama Ventures has signed two joint venture deals in Mexico, both in which it will have a 51 per cent holding. The first is Indorama Ventures EcoMex, S. de R. L de C.V ...
Tags: petrochemicals, fibres, Textile
Technip a leader in project management, engineering and construction for the energy industry said it will purchase the Zimmer polymer technology business from Air Liquide Global E&C Solutions, Germany. The Zimmer business includes ...
Tags: Polymer Technologies, downstream technologies, Textilec
A free trade agreement between South Korea and China could knock down Taiwanese textile exports to China to the tune of US $324 million per annum. According to the Taiwan Textile Federation (TTF), through the FTA, 85 per cent of South ...
Tags: textile exports, free trade, Textile
Speakers at the 9th Annual Forum of the Gulf Petrochemicals and Chemicals Association (GPCA) stressed on the fact that the Gulf Cooperation Council (GCC) petrochemicals sector has to leverage opportunities in order to overcome challenges ...
“Gulf Cooperation Council (GCC) chemical and petrochemical producers have reduced energy consumption per ton by 8% over the last two years through technical renovations,” says a sustainability report. According to the Gulf ...
In the third quarter ending September 30, 2014, higher sales volume of high margin ethane-based products, helped net profit at Petronas Chemicals climb 4.1 percent, from a year ago quarter. Net profit in the third quarter of 2014 rose to ...
Thailand based, Indorama Ventures Public Company Limited (IVL) said in the first nine months of fiscal 2014, its core net profit skyrocketed in triple digits, from the same period of previous fiscal year. IVL, a producer of intermediate ...
Tags: intermediate petrochemicals, crude oil prices, Textile
South Africa headquartered Sasol Limited has taken the final decision to set up an US$ 8.1 billion ethane cracker and derivatives complex at its existing site in Lake Charles, Louisiana. "At the heart of the project is an ethane cracker ...
Tags: Sasol Limited, Cracker, Textile
NYSE-listed Westlake Chemical Corp said it will invest more than $330 million to expand ethylene capacity and make other capital improvements at its Lake Charles facility in Louisiana. Once the expansion, which is expected to be completed ...
Tags: Westlake Chemical, Capacity, Textile
Sales of BASF Group grew by 3% compared with the previous third quarter, reaching €18.3 billion. A sharp rise in volumes in the Natural Gas Trading business sector was mainly responsible for this growth. Income from operations (EBIT) ...
Tags: BASF, Construction Coating
NYSE-listed and global manufacturer of chemicals and petrochemicals, LyondellBasell, said it is assessing further ethylene capacity expansion feasibility at its petrochemical plant in Channelview, Texas. LyondellBasell said it is ...
Tags: LyondellBasell, Output, Textile