ICIS - Search Articles by Date : May 05 2003 - May 11 2003

ChemConnect offers a solution
ChemConnect is launching a Leveraged Procurement Solutions offering that is designed to optimise purchasing of smaller volumes of product more
(06 May 2003 16:11)

BBC targets web managers
Poor search engine ranking could cost UK chemical companies their share of the total online business market, set to reach £1000bn (E1439bn/$1600bn).... more
(06 May 2003 16:10)

NPRA Warns Senate About Ethanol Mandate
The National Petrochemical and Refiners Association (NPRA) cautioned the US Senate against a nationwide mandate for ethanol use in gasoline. The more
(09 May 2003 20:51)

News In Brief
Sico Acquires Para Sico Inc. has purchased Para Inc., an architectural paint manufacturer in Brampton, Ontario, Canada, for $16.9 million more
(09 May 2003 20:51)

Coming to Terms: Contract Manufacturing Agreements in Oligos and Peptides
Contract manufacturers are grappling with an increasingly rough business climate, hit with the double whammy of a thinning pharmaceutical pipeline more
(09 May 2003 20:51)

Pharma in Brief
FOREST LABORATORIES Inc. says its pivotal placebo-controlled study of memantine in the treatment of neuropathic pain in diabetic patients had more
(09 May 2003 20:51)

Pfizer Earmarks $1 Billion in Investments in New York City
Pfizer Inc. will shell out roughly $400 million to purchase a major office building in Manhattan and renovate its existing real estate in New York more
(09 May 2003 20:51)

Petrochemicals In Brief
Acrylonitrile Effective May 1, DuPont Chemical Solutions Enterprise launched a 2c. per pound price increase over current formula price margins for more
(09 May 2003 20:51)

Executive Insights: Eastman Chemical Company
Eastman Chemical Company, like other chemical companies, is feeling the pressure of margin compression in the wake of higher raw material costs. more
(09 May 2003 20:51)

ACC Launches New Products For Economic and Chemical Industry Data
The American Chemistry Council (ACC) has rolled out a new economic data service that tracks the chemical industry and other key macroeconomic more
(09 May 2003 20:51)

Management in Brief: Chemical Industry Ranks Mediocre For Customer Online Experience
Chemical companies' responsiveness to customer inquiries from their Web sites is mediocre, contributing to an overall average performance for more
(09 May 2003 20:51)

Growth in US Manufacturing Was Stagnant in April
Overall economic activity in the manufacturing sector failed to grow in April because of relatively weak demand However, the chemical industry was more
(09 May 2003 20:51)

IT In Brief
ApsenTech, Nippon Oil Link Aspen Technology Inc. has formed a new software licensing agreement with Nippon Oil Corp., under which Nippon will more
(09 May 2003 20:51)

Specialties Pricing
BASF Corp. has, as of May 1, or where contracts allow, increased all off-schedule selling prices for dimethylacetamide by 5c. per pound, but not to more
(09 May 2003 20:51)

NIOSH, ACC to Collaborate on TDI Research
The National Institute for Occu-pational Safety (NIOSH) and the American Chemistry Council's (ACC) diisocyanates panel have agreed to jointly more
(09 May 2003 20:51)

Specialties In Brief
CONSTRUCTION CHEMICALS Hochberg and Company, Chester, N.J., is in the final stages of completing its study on the use of concrete admixture more
(09 May 2003 20:51)

Organosilanes Market Changing With Acquisition
Late last month, Crompton Corp. signed a definitive agreement with General Electric Company (GE) to sell its OSi Specialties unit, a move that will more
(09 May 2003 20:51)

Gene-Linked Cosmetics
The day may not be far off when buying cosmetics entails a look into the genome as well as the mirror. GeneLink Inc. and Arch Personal Care more
(09 May 2003 20:51)

Tides 2003 Highlights Promise of Oligo-Based Therapeutics
The trajectory has been long and difficult, but oligonucleotide-based thera-peutics are finally on the brink of commercialization. Over 500 more
(09 May 2003 20:51)

Looking forward to good times in the long term
ABS producers are suffering from poor margins due to high feedstock costs and overcapacity. And 2003 looks even worse than 2002. But demand is still.... more
(09 May 2003 15:47)

Market trends: Methanol hurt by Sars
Price ideas for methanol fall due to weakening demand arising from the Sars outbreak, despite a tight market. Meanwhile, naphtha sinks further to.... more
(06 May 2003 16:04)

US trends: Q1: Some good and some bad surprises
High energy prices boosted product prices and energy surcharges in Q1. But the signs are pointing to a slowdown in chemical demand for the second.... more
(09 May 2003 16:31)

Ibra delays yet again sale of C Asri, Texmaco assets
The Indonesian Bank Restructuring Agency (Ibra) has delayed again the asset sale of Chandra Asri more
(09 May 2003 16:31)

Can Orica find buyer for Qenos?
Ever since he took over as managing director and chief executive officer (ceo) of Australian explosives, fertiliser and chemicals major Orica more
(09 May 2003 16:31)

Asahi equipment sold to Mitsub Rayon
Asahi Kasei has sold some of the processing equipment and machinery from its nine acrylic-fibre lines in Fuji city, Shizuoka prefecture, Japan more
(09 May 2003 16:31)

Despite poor show in 2002-03, Indian polymer producers upbeat
Indian polymer producers are optimistic that the industry will pick up in the fiscal year ending 31 March 2004 more
(09 May 2003 16:31)

NNHC set to raise Yen278bn in capital
Nissho Iwai-Nichimen Holding Company (NNHC) is to raise capital by issuing preferred and common stock worth Yen273bn (US$2.31bn) more
(09 May 2003 16:31)

When in debt...
When companies are doing well and balance sheets are healthy, accountants are almost never talked about. But when they get into trouble - and make.... more
(09 May 2003 16:31)

Global roundup
The US and Singapore signed a free trade agreement, the Fed kept a key interest rate at 1.25%, Sabic announced the closure of its London and.... more
(09 May 2003 16:31)

Polymer trends: PS dives by $210/tonne
GPPS and HIPS prices tumble. And buyers are expecting prices to fall further on weak Chinese demand. Meanwhile, producers in Asia continue to lower.... more
(09 May 2003 16:31)

Film-grade PP tumbles by $60-70/tonne
Asian film-grade PP prices had last week fallen by US$60-70/tonne compared with April and US$200/tonne over February more
(09 May 2003 16:31)

Korean, Chinese PE suffer $100 plunge
South Korean PE producers were caught between a rock and a hard place last week due to a fall in Chinese and South Korean prices more
(09 May 2003 16:31)

Struggling styrene producers hope for turnaround
South Korean and Japanese styrene producers were hoping that the bottom of the market had been reached last week more
(09 May 2003 16:31)

Benzene touches $285 for May lifting
Benzene producers hoped that the corner had been turned last week with the settling of a tender for 6000 tonne for May lifting at US$285/tonne fob more
(09 May 2003 16:31)

GPPS prices slashed to $620
Asian PS producers were last week attempting to draw a line in the sand in an effort to halt the collapse of prices that had already prompted a more
(09 May 2003 16:31)

GPPS prices slashed to $620
Asian PS producers were last week attempting to draw a line in the sand in an effort to halt the collapse of prices more
(09 May 2003 16:31)

Market trends: Paraxylene standoff
Activity is expected to pick up for benzene and toluene while prices fall for orthoxylene and phenol more
(09 May 2003 16:31)

Market trends: C2 continues to fall
Ethylene declines by a further $70-90 following weak naphtha and PE prices. However, butadiene prices remain stable amid tight supply and strong.... more
(09 May 2003 16:31)

New projects summary
As reported in ACN 5-11 May 2003 Company Product Capacity Process Contractor Cost Startup Status .... more
(09 May 2003 16:31)

Pars delays EB contractor selection to May
Pars Petrochemical has delayed selection of an engineering, procurement and construction contractor for its 645 000 tonne/year ethylbenzene (EB).... more
(09 May 2003 16:31)

Vying for butene-1
Petrokemya has shortlisted four contractors to carry out turnkey work on its 130 000 tonne/year butene-1 project in Al-Jubail, Saudi Arabia more
(09 May 2003 16:31)

SK Chems in fresh talks on PET
SK Chemicals is in negotiations with potential investors on the sale of SK Global's 10% stake in a joint-venture 120 000 tonne/ year PET bottle-grade.... more
(09 May 2003 16:31)

TSRC shelves study on TPE indefinitely
Taiwan Synthetic Rubber Corp (TSRC) has decided to shelve indefinitely a study to build a thermoplastic elastomer (TPE) polymer plant in Nantong more
(09 May 2003 16:31)

CPC studying 3 sites for jv No8 cracker
Chinese Petroleum Corp (CPC) is evaluating three sites for the construction of its joint-venture No8 cracker project in Taiwan more
(09 May 2003 16:31)

HPL shortlists two for C2 expansion
Haldia Petrochemicals Ltd (HPL) has shortlisted two consultants to conduct a detailed study for the proposed expansion of its cracker more
(09 May 2003 16:31)

Polyplex to build Rayong Bopet No2
Polyplex Corp has decided to build a second biaxially oriented polyethylene terephthalate (Bopet) film line of 15 000 tonne/year more
(09 May 2003 16:31)

Yanhua eyes worldscale cracker
Beijing Yanhua Petrochemical is considering building a worldscale cracker at its site in Yanshan, 50km from Beijing, China more
(09 May 2003 16:31)

Dahua, Chematur in talks on China TDI
Cangzhou Dahua Group Co is holding discussions with Chematur Engineering on licensing and equity participation in its 50 000 tonne/year TDI project more
(09 May 2003 16:31)

IOC delays decision on Panipat PET to end-June
Indian Oil Corp (IOC) has delayed to end-June a decision on a 165-198 000 tonne/year bottle-grade PET project in Panipat, Haryana more
(09 May 2003 16:31)

NCEC launches response system for road hauliers
The UK's National Chemical Emergency Centre (NCEC) has launched Haulsafe24, an emergency response system for road hauliers more
(06 May 2003 16:11)