Construction of the new facility will secure the long-term future of the Ibbenbüren site and that of the chemical cluster, helping to prevent a further withdrawal of industry from the region.
The net profit for SABIC in 2015 was $5.01 billion, 19.57 percent lower than 2014, when net profit was $6.23 billion.
When the restructuring is completed later this year, Rosneft will become a direct shareholder and increase its shareholding in the Bayernoil refinery from 12.5% to 25%
Evonik is investing in Chinese venture capital fund GRC SinoGreen Fund III
The transaction price is $24.5M, subject to working capital adjustments.
Second production line taken into operation in Gastonia, North Carolina, plant, doubling production capacity
The acquisition of Filtra is expected to complement Dorf Ketal’s process chemical solutions which are mainly targeted at the crude oil refining and petrochemical industries.
Basotect B offers attractive design possibilities thanks to its white color and the various options for shaping it.
The target of Modi Government is to achieve an investment of Rs.7,62,000 crores and generate employment for 34 lakh people in PCPIRs in time bound manner.
The deal, the first major acquisition since oil prices began to slump last July, would be among the largest oil-and-gas deals of past two decades and the biggest in last 10 years.
Partnership will promote employee engagement and hands-on learning experiences for students
The transaction is expected to close during the first half year of 2015 after the required approvals have been received. The parties have agreed to keep the purchase price confidential.
Carbon-fiber material system based on reactive polyamide developed
The group’s profitability was further enhanced by a 9% weaker average rand/US dollar exchange rate (R10,99/US$ for the six months ended 31 December 2014 compared with R10,08/US$ in the prior period). This benefit was partially offset by a 19% decline
Manufacturing sites to be closed by year-end 2015, all of which are leased, include Cartersville, Georgia; East St. Louis, Illinois; and King of Prussia, Pennsylvania in the U.S., in addition to Hainhausen, Germany. Products produced by these facilit
The new alkoxylation facility in Ningbo will allow us to better serve our customers in the region, which is one of our top priorities.
BASF TODA Battery Materials was established with 66% equity from BASF Japan Ltd. and 34% from TODA KOGYO CORP.
Specialty chemical industry is a knowledge driven industry and it has been growing rapidly at 1.2-1.3x of GDP growth rate (~12%) over the last five years. It currently stands at ~$21.5 billion. Domestic demand of specialty chemicals is expected to fo
CRISIL Research has come out with its report on Phillips Carbon Black. The research firm has maintained the fundamental grade of 4/5 to the company. Phillips Carbon Black Ltdí¢â‚¬â„¢s (PCBLí¢â‚¬â„¢s) Q2FY12 revenues were higher than CRISIL Researchí¢
Sumitomo Chemical announced that McLaughlin Gormley King Company (MGK) has become a consolidated subsidiary of Sumitomo Chemical, which acquired a majority stake in MGK.
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