Korea’s Kumho faces heavy dose of restructuring

By Malini Hariharan

The financially troubled Kumho Asiana group, with assets stretching from petrochemicals to airlines, has finally been able to work out a plan that should satisfy its creditors.

The Korea Herald reports that the group plans to raise …

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Cash Will Remain King in 2010

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Still too crowded…

Source of picture:www.tripadvisor.com

 

By John Richardson

 

Dear Readers – Welcome Back.

Having spent the last two weeks lying on Western Australian beaches, drinking beer and reading books on European history – while also building sand …

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No option but to bet on China

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By Malini Hariharan

Even as market players celebrate the finish of what has been an unexpectedly good year there are not many who expect a repeat performance.

A key concern is Chinese demand which saved the industry in 2009. A …

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The Threat From Arms-Length Project Financing

By John Richardson

THE increasing use of non-recourse financing has raised the cost of projects financed since 2007 in a very difficult economic climate, warns a senior industry source.

“I look at how some recent projects have been financed and …

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Asian PE, PP face a weak start to 2010

Polyethylene (PE) and polypropylene (PP) producers expect trade to pick up only from the second quarter of 2010 when restocking activity will resume, writes our colleague Bee Lin.

Chinese importers are unlikely to build stocks before the Lunar New Year …

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China’s Data Quandary: Time To Take Up Golf?

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By John Richardson

Carrying on with our theme of just how difficult it is to get reliable information out of China, we heard of an overseas speciality chemicals producer seeking reliable data on growth prospects for a particular province.

Pic …

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The latest on Mab Ta Phut

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By Malini Hariharan

There is some good news for chemical companies affected by the Map Ta Phut crisis. The Thai cabinet will ask the Administrative Court to remove 19 projects from the list of 65 projects that had been ordered …

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Philippines cracker – revival of an epic saga

By Malini Hariharan

Some projects never die.

JG Summit has been planning a cracker since 1995 but has always had problems in securing funding. The project was revived in 2005 even as questions were raised about its viability.

It would …

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China PO demand will continue to expand but slower than capacity

By John Richardson

China’s capacity to produce polyethylene and polypropylene will expand at a double-digit pace next year, while demand growth is expected to ease, says Longston Li, analyst at Shanghai-based CBI.

CBI expects China’s polyethylene (PE) capacity would jump …

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Concerned about the Asean FTA? There’s not much you can do about it.

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The implementation of a zero-tariff regime in Asean from 1 Jauary 2010 has raised concerns among polymer producers in Indonesia and the Philippines about intense competition from Singapore and Thailand leading to a erosion in market shares.

Producers from these …

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