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Latest international plastic news, information and facts on plastics, polymer news, trends and developments in plastics industry. Subscribe to receive latest developments about plastic products, plastics trends, news & plastic information
Recording its first Q3 net profit decline in more than two years, SABIC's Q3 2008 net profit witnessed a YOY 2% decline posting SR 7.24 bln (approx. US$1.93 bln) as opposed to same period...
Ibn Zuhr (Saudi European Petrochemicals Co), an affiliate of SABIC has reportedly commenced initial operations for the Jubail-based 500,000 tpa polypropylene (PP) plant in Saudi Arabia. I...
Finmeccanica, the Italian aerospace, defence and security company has announced joint partnership with Mubadala Development Company, an Abu Dhabi-based investment company to manufacture a...
German-headquartered worldwide manufacturer of flexible packaging, technical films, and product components, NORDENIA INTERNATIONAL AG has strengthened its presence in Russia by investing ...
As oil and feedstock naphtha and styrene monomer prices continue to soften, PS prices witnessed a hundred dollar drop in Asia this week. November shipment CFR China offers for GPPS were h...
Deteriorated export demand and bearish domestic market sentiments have tanked CFR China PVC offers below US$800/MT. Offers for next month have met with reluctance from buyers after conclu...
New York's main contract, light sweet crude for December delivery, dipped by over 3 dollars to US$64 a barrel, while Brent North Sea crude for December delivery fell to $US62 per barrel. ...
SK Energy, Korea's key energy provider, has reported results for third quarter, wherein the performance of its petrochemical division has been spectacular. Q3 petrochemical sales increase...
Pressured by persistently slackening demand and bearish market sentiments, prices of LDPE and LLDPE in Asia toppled by almost US$150 this week. Incessantly falling naphtha and ethylene va...
The financial crisis in USA and Europe, has made way for fears of a global economic downturn. This has weakened consumer demand worldwide, tanking demand and prices of all feedstocks and ...
Compelled by weak demand in Asia, Taiwanese petrochem major Formosa Petrochemical has decide to keep its No. 3 naphtha-fed steam cracker at Mailiao shuttered. Capacities at the plant tota...
Crude oil rose from 16 month lows on news that OPEC members had reached a consensus on the need to trim production. An agreement on the size of the reduction has to be yet arrived at by t...
Board of Directors at GAIL India have approved a proposal to acquire 19% stake in Oil and Natural Gas Corporation's (ONGC) petrochemical project in Dahej, Gujarat. Investment details have...
National Iranian Petrochemical Company (NIPC) and Germany's Uhde GmbH have inked a petrochem deal for dehydrogenated propane plant with capacity to produce 350,000 tons. The plant is to b...
Lackluster demand has reportedly coerced India's largest petrochem major- Reliance Industries Ltd (RIL), to halved production at its polypropylene unit at Jamnagar, Gujarat. The company i...
GAIL (India) Ltd's performance during Q2 has been spectacular on higher earnings from gas transmission, LPG and liquid hydrocarbons, and natural gas trading. GAIL has reported a 79% rise ...
Thailand's biggest industrial conglomerate - Siam Cement Plc, forsees an uncertain future for its US$ 4 bln petrochemical complex planned in Vietnam. The project might no longer be financ...
RTP Company has commercialized a new polypropylene LFT concentrate designed to meet demanding automotive specifications. The melt impregnated LFT concentrate, grade designation RTP 199 X ...
As demand for petrochemicals continues to be sluggish worldwide, Sibur, the petrochemical division of Gazprom, plans to reduce spending and could even mull a brief cut in run rates. As we...
Analysts had forecast Q2 net profit at Rs 39.2 bln for India's Reliance Industries Ltd. By recording a 7.4% increase in Q2 profilts, the company has surpassed all market forecasts. This s...
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