Tag Archives | Honam Petrochemical

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Indonesia’s “Great Moderation”

Graph prepared by The Economist

 

By John Richardson

INDONESIA has enjoyed eight consecutive quarters of 6% GDP growth and so - along with several other mainly domestically-demand driven Asian economies - is viewed as a haven of stability in an increasingly uncertain …

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South Korea “Denial” Continues

 

By John Richardson

EARNINGS estimates for South Korean petrochemicals companies for the full-year 2012 remain around 30 percent above where they should be because “most financial analysts remain in denial“, said an industry source.

A sign of how bad …

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Quick recovery forecast for South Korea

By Malini Hariharan

Analysts are predicting a quick recovery for South Korean petrochemical companies after a dismal performance in the last quarter.

Honam Petrochemical’s Q4 2011 sales were down 14.7% quarter on quarter at Won3,488 bn. Operating profit declined 59.8% …

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Siam Cement eyes big Indonesian buy

By Malini Hariharan

Confirmation has come in from the Siam Cement Group (SCG) that it is in the race to acquire stakes in two Indonesian companies – Chandra Asri and Sulfindo Adiusaha.

“We are interested in both firms in Indonesia …

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Chandra Asri stake up for sale?

By Malini Hariharan

Indonesia’s sole cracker operator Chandra Asri faces yet another ownership change with Singapore’s Temasek Holding reported to be looking at divesting its stake in the company.

The news report in the Wall Street Journal said several companies …

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Korea escapes from China slowdown

By Malini Hariharan

The blog has been scanning equity analyst reports of South Korean companies and has noticed that earnings expectations for the year are being revised upwards despite market uncertainties.

Companies such as S-Oil are expected to benefit from …

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Lotte’s Indonesian gamble

By Malini Hariharan

South Korea’s Lotte Group, parent company of Honam Petrochemical, is making yet another bold move. After acquiring Malaysia’s Titan Chemicals last year, Lotte has set its sights on a major petrochemical project in Indonesia.

“We will start …

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South Korea To Raise C2 Capacity By 9.2 Percent

By John Richardson

SOUTH Korea is set to raise its ethylene and propylene capacities by 700,000 tonne/year and 740,000 tonne/year by 2013, Seo Kyung Sun, executive director of the consulting business of Seoul-based Chemical Market Research Inc (CMRI) told the …

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The perils of forecasting

By Malini Hariharan

This is a tough time for those who are in the business of forecasting. Predictions of petrochemical margins hitting the bottom in 2009 have so far not materialised and volumes from new plants are being digested quite …

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Chandra Asri And TriPolyta To Merge

By John Richardson

The consolidation talked about in Indonesia for more than ten years – that between cracker operator and polyethylene (PE) producer Chandra Asri and polypropylene (PP) producer TriPolyta – is finally set to happen by January next year. …

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