Dow to expand its business in Taiwan

(newstoday) -- Dow Chemical has announced recently that the company is focusing to double its revenue to achieve USD1.5 billion in Taiwan before 2015. The announcement was made during Peter Sykes's (President of the Greater China Region) visit to Taiwan.

Dow is aiming to accomplish its targets by paying more attention towards the flourishing green business in Taiwan, and enhancing mutual cooperation with the local companies.

Dow Chemical is an American multinational chemical corporation. As of 2007, it is the second-largest chemical manufacturer in the world by revenue after BASF. Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber.
MRC

DuPont sells car paint business to Carlyle Group

(Canadian plastics) -- DuPont Co. has struck a deal to sell its car paint business to Washington-based investment firm Carlyle Group LP for USD4.9 billion. The transaction is expected to close in the first quarter of 2013.

This transaction is consistent with DuPont's vision to be the world’s most dynamic science company and long-term strategy of driving competitive advantages in agriculture and nutrition, advanced materials and biotechnology, which represent high-growth, high-margin opportunities, according to company sources.

DuPont’s performance coatings business primarily sells to auto paint refinishers. Ford Motor Co. and General Motors Co. are also key customers.

DuPont said it will still generate more than USD3 billion through sales of advanced materials to the auto industry. As part of the transaction, Carlyle will assume USD250 million of DuPont’s unfunded pension liabilities.
MRC

Trexel sets up a new subsidiary in China

(Canadian plastics) -- Trexel Inc. has established a Chinese subsidiary in Shenzhen in order to expand demand for its Mucell microcellular foaming technology. The company also has plans to open an additional satellite office in Shanghai.

Trexel (Shenzen) Technology Co will support Trexel’s operations in the Chinese market with a processing/engineering team, sales support personnel, technical and repair services as well as spare parts logistics. As part of the new subsidiary, an additional branch office, including development centre, is being established in Shanghai to support domestic and international automotive OEMs and Tier One suppliers.

From the global headquarters in Boston, Massachusetts, Trexel operates a state of the art plastics processing development laboratory, supporting plastics processors with the definition and implementation of leading and differentiating plastic molding technologies. In support of a global client base, Trexel operates subsidiaries in Europe, Japan and Southeast Asia with competent plastics processing engineering capabilities.
MRC

Indian Oil Corp to raise polymer prices

(plastemart) -- With effect from 1 September 2012, Indian Oil Corp has announced the following polymer price revisions:

HDPE/LLDPE/PP: Increase of Rs 2000/MT
PP/HD Raffia: TD increased from Rs 3000/MT to Rs 4000/MT
HD 010DP45U: TD of Rs 2500/MT applicable.

Customers who purchase from Vasai CS depot will be liable to pay 1.3% LBT. Purchase from within VASAI region and outside Vasai would be liable to pay 0.13% on sales value.

Indian Oil Corporation Ltd. is India's largest company by sales with a turnover of Rs. 4,09,957 crore (USD 85,550 million) and profit of Rs. 3,955 crore (USD 825 million) for the year 2011-12.
MRC

Dow to increase PE prices across Europe, Middle East and Africa

(plastermart) -- Dow Europe GmbH has announced a price increase for polyethylene (PE) resins across the European, Middle Eastern and African regions.

With effect from September 1, 2012, or as contract terms allow, Dow Europe GmbH will increase prices for all grades of its low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE) resins by 250 Euros per metric tonne.

Dow is an American multinational chemical corporation. Dow is a large producer of plastics, including polystyrene, polyurethane, polyethylene, polypropylene, and synthetic rubber. It is also a major producer of ethylene oxide, various acrylates, surfactants, and cellulose resins.
MRC