By Malini Hariharan I have been doing my annual exercise of compiling major petrochemicals projects in India and as usual there not too many. Making a case for investing in a cracker in India has never been easy and the task continues to be difficult despite the demand growth experienced in the last few years. […]
Asian Chemical Connections
What’s next for Reliance?
By Malini Hariharan Reliance Industries appears to have hit the end of the road in its quest for LyondellBasell which has filed its own restructuring plan, rejecting a $14.5bn Reliance offer. LyondellBasell has said the Reliance offer was not “sufficiently valuable to abandon” its amended reorganisation plan. “The proposal…did not assure a higher overall value […]
SEA Chemicals Need To Learn From The Past
By John Richardson THE whinging is getting almost unbearable in Southeast Asia over the Asean-China Free-Trade Agreement (ACFTA). The deal was under discussion for EIGHT years and yet chemicals and polymer producers and customers seem to have left it until after-the-fact to start raising objections. Indonesian industry association representatives have gone as far as to […]
Time to get aggressive
By Malini Hariharan LyondellBasell’s board is reported to have rejected Reliance Industries’ revised $14.5bn buyout offer. The rejection is not surprising as LyondellBasell is said to have valued itself at $15.5bn in its restructuring plan. Reliance still has room to up its offer although financial analysts are worried that a high-priced deal would not be […]
Reliance makes it next move in quest for LyondellBasell
By Malini Hariharan It is not surprising to read that Reliance Industries has raised its offer for LyondellBasell by $1bn to $14.5bn. The blog had been told last month that a higher offer was one of the strategic moves that Reliance would have to make. The Wall Street Journal reports the new Reliance offer would […]
India to investigate PP imports from Korea, Taiwan and the US
By Malini Hariharan India will soon initiate an anti-dumping investigation into polypropylene (PP) imports from South Korea, Taiwan and the US. This follows an application made by Indian PP producers last year. A couple of market sources have forwarded the letter that has been issued to the embassies of the three countries and a government […]
India growth story – Part 3
By Malini Hariharan Some numbers today on Indian polyolefin and polyvinyl chloride (PVC) demand growth during April-December 2009. The strong growth trend noticed in the early part of last year continued and belied earlier expectations of a slowdown because of a drought over parts of India. PVC and polypropylene (PP) recorded the fastest growth rates […]
The Indian growth story – part 2
By Malini Hariharan A few weeks back I had written about robust demand growth figures emerging from the Indian polymer market. I will be posting some numbers over the next few days but ahead of that I would like to highlight what industry players have been saying on the major growth drivers and also developments […]
Dear Mr Ambani – or can I call you Mukesh?…..
Source of picture: http://www.twelveatthetop.uku.co.uk/page18.htm …I see from this news report – – that you have denied claims of your interest in buying Liverpool Football Club. If, perhaps, you do have any interest in buying an English football club may I turn your attention slightly eastward to the wonderful city of Leeds […]
China Latest Credit Tightening Blow To Chemicals
By John Richardson CHINA’S decision to temporarily halt lending by some banks – which was announced yesterday – as it attempts to further cool the economy will likely have a significant effect on chemicals demand and pricing. This follows last week’s decision to raise bank reserve requirements and two increases in the inter-bank lending rate […]
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