DuPont negotiating about financial help

(DuPont) -- Council member Mark Kowalcyzk and borough solicitor Erik Dingle arrange a meeting with representatives of the NEPA Alliance to discuss what would be required for assistance to the borough under the state Act 47 distressed municipalities program.

The borough has consistently faced a budgetary shortfall of about $30,000 a year, and the expectation is that the Alliance representatives will be able to assist in developing a plan to prevent that problem from recurring.

The borough has planned increases in the trash fee but will try to keep taxes at the current levels, Council President Stanley Knick said.

MRC

(Prime-TASS) -- Tomskneftehim 0,5% decreased polyethylene production to 125,6 kt over the course of January - June 2010 compared with same period last year. Polypropylene production reached 61,5 kt.

MRC

(RBC) -- LUKOIL is disturbed by the condition of necessity to process about 40% of oil from Trebs and Titov oilfields at Russian refineries. "This means that investment program of these objects will be charged by building of pipeline to Transneft system."

At the same time, LUKOIL has spent a lot to build a pipeline, which goes almost through Trebs and Titov from South-Khylchuyusk oilfield to Varandey terminal of the company in Barents sea". - said the company's representative.

MRC

(China Knowledge) -- Hubei Yihua Chemical Industry Co Ltd on Aug. 5 announced that it will spend a total of RMB 510 million to purchase the remaining 50% stake in two chemical firms from parent Hubei Yihua Group Co Ltd.

The target assets, which are located in Hubei Province and Guizhou Province, are involved in business of fertilizer and other chemical products. Upon the completion of acquisition, Hubei Yihua Chemical will wholly own the two target firms.

On Aug. 5, the Shenzhen-listed acquiror also posted RMB 5.02 billion-operating revenue for the first half of this year, reflecting a year-on-year increase of 20.96%, and its net profit skyrocketed 199.84% to RMB 328 million.

Reportedly, Hubei Yihua Chemical Industry has decided to cancel the plan of purchasing a 48.94% stake in Qinghai Liming Chemical Co Ltd, which principally produces rocket fuel, to focus on its polyvinyl chloride project in Qinghai province.

MRC

(plastemart) -- A new polypropylene technology: Thermylene P8 specialty compounded polypropylene resin has been launched by Asahi Kasei Plastics North America Inc. This is a material innovation that gives customers superior creep resistance at room temperature and comparable creep resistance at elevated temperatures when compared to long glass filled PP. Thermylene P8 materials build upon the strengths of Asahi Kasei's polypropylene portfolio opening the door to applications traditionally specified in long glass PP while providing the economical benefits of short glass polypropylene. It is a world-class polymer formulated for optimized interfacial adhesion between matrix and reinforcement and to balance impact and strength. Available in varying glass levels and endless colors, Thermylene P8 can be used in Automotive, Electronics, Furniture, Bath & Spa, Building and Construction

MRC