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MEGlobal Nominated October Asian Contract Price for Monoethylene Glycol at $1,220/Mt CFR
Sep 11, 2013MEGlobal on Monday nominated its October Asian contract price for monoethylene glycol at $1,220/mt CFR, up $10 from its price for September, a company source said in an email. The October ACP reflects the short-term supply and demand ...
Tags: Chemicals
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Clariant International and Wilmar International Received The Relevant Merger Clearances
Sep 11, 2013Clariant International and Wilmar International have received the relevant merger clearances for the establishment of their 50-50 joint venture called 'the global amines company', which is now in operation. The global amines company will ...
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South Korea's HC Petrochem Plans to Further Cut Runs at Its No 2 Aromatics Plant at Daesan
Sep 3, 2013South Korea's HC Petrochem plans to further cut runs at its No 2 aromatics plant at Daesan to 70% from early next week, due to weak production margins for paraxylene, a company official said Thursday. "Operating at 70% capacity is the ...
Tags: Chemicals, HC Petrochem
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Honda Automobile Is Aiming to Come Back 408,069 Vehicles in China
Aug 29, 2013Japanese automaker Honda Motor's Chinese venture Dongfeng Honda Automobile is planning to recall 408,069 vehicles in China over the defective piston rods. The recall affects the company CR-V sport utility vehicles (SUV) manufactured for ...
Tags: Honda Motor, Recall
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BWM Will Come Back 143,215 5-Series Cars in China Over Power Steering Defects
Aug 12, 2013The General Administration of Quality Supervision, Inspection and Quarantine of China said that BMW Brilliance Automotive will recall 143,215 5-series cars in China over power steering defects, in September 2013. All these cars were ...
Tags: BMW, BMW Brilliance Automotive
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Neither Sadaf Nor Shell Could Not Be Reached for Comment Early Thursday
Jul 29, 2013Asian styrene monomer prices rose $8/mt from Wednesday's assessment, with Thursday morning pegs assessed at $1,808.50/mt FOB Korea and $1,837.50/mt CFR China amid market talk that Saudi Petrochemical Co, or Sadaf, has shut its 580,000 ...
Tags: Asian styrene monomer, Chemicals
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MEGlobal on Monday Nominated Its August Asia Contract Price for Monoethylene Glycol
Jul 18, 2013MEGlobal on Monday nominated its August Asia contract price for monoethylene glycol at $1,140/mt CFR, up $40 from its price for July, a company source said in an email. "The August 2013 ACP reflects the short term supply/demand situation ...
Tags: Monoethylene Glycol, Chemicals
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Fiat Group SpA Will Look for a Second Partner in The Chinese Mainland in a Bid to Develop
Jun 27, 2013Italian auto maker Fiat Group SpA will look for a second partner in the Chinese mainland in a bid to develop Jeep, a brand under Chrysler Group LLC. Zeng qinghong, general manager with GAC Group, signed a framework agreement with Mike ...
Tags: Jeep, Auto, Transportation
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Solazyme Has Entered Into an Agreement with Starch Producer Roquette
Jun 26, 2013Microalgae innovator Solazyme has entered into an agreement with starch producer Roquette to terminate the joint venture (JV) between the parties - Solazyme Roquette Nutritionals, with respect to their joint venture and operating agreement ...
Tags: Agriculture, Food
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Spot Market Is Likely to Shrink to a Third of Its Current Size Next Year
May 31, 2013The spot market for Asian isomer-grade mixed xylenes is likely to shrink to a third of its current size next year as a major spot seller diverts a large chunk of its product into making paraxylene, market sources said Thursday. "The ...
Tags: Chemicals, spot market
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INEOS & Bohai Chemical Industry Group Have Signed a Non Binding Heads of Terms
May 24, 2013INEOS Nitriles and Tianjin Bohai Chemical Industry Group Corporation have signed a non binding Heads of Terms, setting out their intention to establish a 50/50 Joint Venture, to build and operate a world scale Acrylonitrile plant to be ...
Tags: Textile
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The Cheswick,Pa.-Based Reinforcements Supplier's 50 Percent Share in The Shelby,N.C
May 22, 2013The Cheswick, Pa.-based reinforcements supplier's 50 percent share in the Shelby, N.C.-based joint venture, a glass fiber weaving operation that serves the wind energy industry, goes to Hexagon Devold (Langevåg, Norway). PPG Fiber ...
Tags: PPG Fiber Glass, Construction
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MEGlobal Set June North American Benchmark Price for Monoethylene Glycol at 63 Cents/lb
May 21, 2013MEGlobal set its June North American Benchmark price for monoethylene glycol at 63 cents/lb, a rollover from May, a company source said Friday. Market players said Friday there was also talk that other US producers could keep prices flat ...
Tags: MEGlobal, MEG Benchmark
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Celanese Announced That Two Companies Have Signed an Agreement to Establish a Venture
May 17, 2013Celanese Corporation, a global technology and specialty materials company of Dallas, Texas, and Mitsui & Co., Ltd., of Tokyo, Japan, announced that the two companies have signed an agreement to establish a 50:50 joint venture for the ...
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Enbridge Will Have to 'Wait and See'
May 10, 2013Enbridge, the Calgary-based crude oil carrier, will have to "wait and see" whether it faces a replay of rival TransCanada's Keystone XL regulatory battle as it seeks US State Department approval for changes to its Alberta Clipper (Line 67) ...
Tags: Enbridge, Alberta Clipper
