CHINESE firm Sinochem has announced its scheduled expansion of plantations by 20, 000 hectares in the South Region of Africa. The firm, which is one of the biggest state-owned companies in China and is the 168th largest corporation in the…
Category: Investments
LIST sets up tech centre in Switzerland
SWISS firm LIST has completed a global demonstration centre in Switzerland, located adjacent to its headquarters. The fully automated LIST Demonstration Centre (LDC) is specifically designed for the development and testing of processing solutions for the devolatilisation and finishing of…
Solvay expands silica output to Poland
BELGIAN chemicals firm Solvay recently held a ground breaking ceremony for the construction of a 85,000-tonne/year Highly Dispersible Silica (HDS) facility in Poland. The new plant represents a EUR75 million investment that will create more than 50 new jobs. The…
Sabic and ExxonMobil to develop rubber products
SABIC (Saudi Basic Industries Corporation) and US-based petrochemical firm ExxonMobil Chemical have teamed up in the SR12.75 billion elastomers project being constructed at the Al-Jubail Petrochemical Company (Kemya) complex in Jubail, which is a 50:50 joint venture of Sabic and…
Asia Carbon announces Q1 earnings, facility conversion
China-based carbon black products producer Asia Carbon Industries, Inc. announced its earnings for the quarter ended March 31, 2013. The Company, whose shares trade in the US on the OTCQB Tier of the OTC Markets under the stock symbol “ACRB”,…
Semperit AG posts record strongest Q1 2013
AUSTRIAN firm Semperit Group reported to have achieved significant revenue and earnings growth in the first quarter 2013, which the company says is its strongest ever. Amidst a tight market, its revenue increased by 6.6% from EUR 201.8 million in…
Evonik to set up new silica plant in Brazil
GERMANY-based Evonik Industries has started basic engineering for a precipitated silica production plant in Brazil. The project, which is subject to the approval of the responsible bodies, is targeted for completion in 2015 to market precipitated silica in the South…
Venture capitalist buys Industrial Latex Compounds
Amin Amiri of a2e Venture Catalysts has acquired a majority controlling stake in UK-based Industrial Latex Compounds (ILC) that has a turnover of circa £16 million. ILC, originally part of Dow Chemical, is a “veteran” of the latex industry, boasting…
Kenda produces prototype tyre from new plant in China
KENDA Rubber Industrial Co. Ltd. has produced its first prototype tyre from its new factory in Tainjin, China. The company’s second automotive factory within the last five years, will be producing tyres for the European, African and Asian markets. Kenda’s…
Bridgestone posts 9% increase in sales for Q1 2013
Bridgestone Corporation has reported net sales of 794.5 billion yen in the first fiscal quarter of 2013, an increase of 9% from the first fiscal quarter of 2012 . Operating income also increased 18% from 74.4 billion yen, Ordinary income…