Category: Investments

Indonesian-Indian rubber tie up

INDONESIA, the second largest rubber producer in the world, has invited the Indian rubber industry to invest in the country and benefit from ample natural rubber resources. In a meeting with All India Rubber Industries Association (AIRIA), Dickey Fabrian, Consul-General…

China reviews imports of CR

CHINA is reviewing its anti-dumping policies on chlorophene rubber in lieu of complaints against the influx of the imported rubber from a Japanese company. Chloroprene rubber is commonly used in electrical cables and other types of cables as well as…

Keyuan starts up second SBS line

CHINA-based petrochemical supplier Keyuan Petrochemicals has commenced production of its second 70,000-tonne/year line for styrene-butadiene styrene (SBS). The new facility, which was completed in September 2011, had undergone trial productions, including various technique tests spanning several months for its first…

Gevo to build plant in Malaysia

American renewable chemicals and biofuels firmGevohas inked a collaborative agreement with the Malaysian government’s East Coast Economic Region Development Council, Malaysian Biotechnology Corp (BiotechCorp) and the Terengganu state government to build the world’s first bio-isobutanol plant in Kerteh, Terengganu. It…

Sabic and ExxonMobil proceed joint venture

Sabic and US chemical firm ExxonMobil’s joint venture,Al-Jubail Petrochemical Company (Kemya), which is constructing a world-scale speciality elastomers facility, has approved the next stage of project development, including engineering, procurement and construction (EPC). The facility will be integrated with the…

AXA invests in Italian rubber firm

AXA Private Equity has bought a 82.4% stake in Italian rubber component manufacturer Novotema from private equity firm 3i Group that bought Novotema in 2003 for EUR24 million. As part of the transaction, Novotema’s management team acquired the 17.6% of…