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Ravago to buy Styron EPS unit

STYRON Europe GmbH is selling its Expandable Polystyrene (EPS) business to RP Compounds, a subsidiary of Ravago S.A., for an undisclosed sum. IN an agreement jointly signed by Styron and Ravago, the sale will include the EPS manufacturing facility in…

EU Court junks Dow’s appeal in rubber cartel fine

DOW Chemical loses the EUR64.57 million (US$84.5 million) appeal against the antitrust fine levied against it in relation to a rubber cartel. The EU Court of Justice in Luxembourg rejected arguments that the company should not be liable for the…

Thai Minister urges lower production cost to push rubber price

THAILAND’s Deputy Prime Minister/Agriculture Minister Yukol Lim-laemthong encourages reduced production cost amidst declining rubber price. Yukol confirmed that last year’s export value of Thailand’s rubber fell, despite increasing the export quantity of the commodity to 3.2 million tonnes. The stagnant…