Selected articles on industrial development in emerging economies

China: Chemical firm plans expansion in Jiangxi

ChemChina, a national chemical producer, has signed an agreement with Boston, Massachusetts-based Cabot Corporation to expand their joint fumed-silica project in Jiangxi province. According to ChemChina, the move will strengthen the firm's specialty chemical product portfolio,

People's Daily Online

India: Reliance pushes for Lyondell catalyst

In November 2009, Reliance announced a USD 12bn bid for LyondellBasell, the bankrupt Rotterdam-based European and US chemicals group. In one step, the deal would transform Reliance from an almost exclusively Indian operation into a global company with USD 80bn in sales.

FT.com

Thailand to restart petrochemical projects

Thailand has created a framework that should allow USD 7bn of suspended petrochemical projects south-east of Bangkok to restart later this year.

FT.com

China: Government to continue curbing coal chemical industry

China's top economic planners keep cracking down on the coal chemical industry, in a bid to prevent waste and further the sustainable development of the industry.

Alibaba.com

Singapore committed to be leading global chemicals hub

Speech by Mr. Lim HNG Kiang, Minister for Trade and Industry, at the opening of the Shell Mono-ethylene Glycol (MEG) Plant on 11 December 2009, at CPTC, Jurong Island.

The Gov Monitor

India: New EU rules seen raising cost of chemicals exports

The Indian chemical industry that exports products to European countries may soon find the cost of doing business going up because of new legislation adopted by the EU to regulate their end-use. Companies exporting to Europe are worried about the new legislation that seeks to manage risks arising from the use of chemical substances.

The Economic Times

India: Reliance looks to buy LyondellBasell assets

Reliance Industries is considering buying assets belonging to LyondellBasell, the bankrupt international petrochemical group. The Rotterdam-headquartered group, the world’s third-largest independent chemical company, has assets that could be worth as much as USD6bn, these people said, and would mark the first large-scale overseas foray by the Indian industrialist.

FT.com

Chinese in talks over Permira chemicals business

One of China's biggest chemicals groups has held talks with Permira about acquiring a stake in a Hungarian company owned by the UK buy-out fund, according to people familiar with the matter. Wanhua Industrial Group is seeking to invest in Borsodchem, which Permira acquired for EUR 1.6bn (USD 2.3bn) in 2006 as part of its strategy to globalise its sales and production operations.

FT.com

China: Huntsman seeks deals in China

Huntsman, the US chemicals group, is considering spending part of a USD 2.7bn compensation package from the collapse of a buy-out plan to expand its specialty chemical capacity in China. 'We are looking for potential acquisitions. The obvious place to look is China'. said Paul Hulme, president of Huntsman's textile effects division, which makes advanced dyes and chemicals for clothes manufacturers.

FT.com

China: Sinochem makes takeover approach for chemical supplier Nufarm

Australia’s biggest supplier of farm chemicals has confirmed a takeover approach from China’s Sinochem Corp. Buying Nufarm would expand Sinochem’s share of the market for herbicides and pesticides, extending the reach of China’s largest chemicals trader into Australia and the Americas as demand rebounds.

Bloomberg.com

China: Natural gas from coal to take lead in China's chemicals development

China's coal chemicals industry, which has been drawing increasing attention, is currently adjusting to deal with the ongoing financial crisis and challenges of its own development. Some experts say that if the adjustments go smoothly, the country's coal chemicals industry would do away with problems such as high energy-consumption and low efficiency, thus benefiting the entire economy.

iStockAnalyst

China: U.S. and Europe file trade complaint against China

The U.S. and the European Union have filed separate complaints with the World Trade Organization, alleging that China is unfairly benefiting domestic industries by restricting exports of certain raw materials. The complaints filed with the WTO represent a departure from past allegations by the U.S. and other countries that China is flooding other countries' markets with its exports.

The Wall Street Journal

China targets Korean chemicals in anti-dumping probe

China is stepping up anti-dumping pressure on imports of Korean chemical products. Nine major Chinese nonferrous metal makers have lodged an appeal calling for China's Ministry of Commerce, to investigate shipments of sulphuric acid from Korea and Japan, according to the Korea Trade-Investment Promotion Agency (KOTRA). The Chinese companies produce the chemical as a byproduct, but are worried over dumping ― or predatory price fixing. They say that sulphuric acid from Korea and Japan is under-priced, compromising the market order and putting them at a disadvantage in terms of price competitiveness.

The Korea Times

India: Rashtriya Chemicals & Fertilisers benefits from natural gas

Mumbai-based Rashtriya Chemicals & Fertilisers is one of India's largest producers of fertilisers and industrial chemicals.  RCF is set to receive an immediate boost from increased availability of natural gas.

The Economic Times

China may enact refining, chemicals stimulus by March

China, the world's second-biggest energy consumer, may enact a stimulus plan for the oil refining and petrochemicals industry before a gathering of the country's legislature to help spur the slowing economy.

CHINAdaily

Emerging economies fuel growth in the world chemical industry

China, over the years, has emerged into the forefront of the industry with demand for fine and specialty chemicals posting healthy growth, as a result of strong economic growth and industrialization. Together with China, other developing economies in Eastern Europe, Latin America, and South East Asia are expected to drive growth in the world chemical industry in the upcoming years.

PRWeb