Showa Denko KK (TYO:4004) intends to go heavily into M&A and other growth investments over the course of its next medium-term management plan, which is slated to cover 2019–2021. The...
investments
CPC Explores Plan to Build New Petrochemical Complex in India
CPC Corp., Taiwan, is considering building a new petrochemical complex in India, launching feasibility studies at two candidate sites as part of this. The petrochemical complex under consideration would include...
JXTG, Showa Denko Anticipate Major Value From Plans to Increase Sharing of Raw Materials
JXTG Nippon Oil & Energy Corp. and Showa Denko KK (TYO:4004) announced on July 24 that they will be strengthening collaborative efforts between JXTG’s oil refinery and Showa Denko’s petrochemical...
Victrex Looks Into Capital Investment for Increased PEEK Production
Major polyether ether ketone (PEEK) manufacturer Victrex PLC is looking into ramping up its production within the next five years. The move would come as a brace for such trends...
BASF Moves Step Closer to Second Verbund Site in China
BASF SE has begun looking into the construction of a $10 billion self-funded chemical plant complex in Guangdong Province, China. The complex would make use of the German-based chemical firm’s...
Polatechno to Invest Over 5B Yen in Polarizing Film
Nippon Kayaku Co. Ltd. (TYO:4272) subsidiary Polatechno Co. Ltd. (TYO:4239) is planning to upgrade production facilities at its Niigata Factory, which serves to manufacture polarizing film. If the plan goes...
Interview: Dow Chemical COO Jim Fitterling Talks Plans for Growth Ahead of Becoming Dow CEO
The first quarter of 2019 will see DowDuPont Inc.’s Materials Science Division separate off into an independent business to be called Dow. The Chemical Daily recently sat down to hear...
Mitsui Chemicals Sets Kitty of 360B Yen for Investment Through 2020
Mitsui Chemicals Inc. (TYO:4183) is allocating 360 billion yen ($3.3 billion) for investments over fiscal years 2018–2020. Holding a management overview briefing in Tokyo on May 30, President and CEO...
UMI Invests in Algae Cultivation Venture SoPros
Universal Materials Incubator Co. Ltd. (UMI), a public–private materials fund controlled by Mitsubishi Chemical Corp., Sumitomo Chemical Co. Ltd. (TYO:4005) and others, has invested in domestic venture company SoPros Inc....
Stella Chemifa Ponders Possibilities for Added Semiconductor Chemical Production
Stella Chemifa Corp. (TYO:4109) is looking to raise its annual production capacity for semiconductor chemicals to 100,000 tons. The amount to be invested here is estimated to total several hundred...
Interview: Toyobo President Seiji Narahara Discusses Company Performance, Future Strategy
Toyobo Co. Ltd. (TYO:3101) recently saw its four-year medium-term management plan round out its final year, and despite having to traverse a rocky business landscape over the past few years,...
Tokai Carbon Plans Boost to Thai Production of Carbon Black
Tokai Carbon Co. Ltd. (TYO:5301) is looking to step up its Thai production capacity for carbon black by adding a new production line. This comes as the company’s Thai plant,...
Asahi Kasei Mulls Investment in TPE Business Outside Japan
Asahi Kasei Corp. (TYO:3407) is considering looking overseas for the next expansion to its thermoplastic elastomer (TPE) business. The company is currently working to decide on a location, with one...
Foreign Companies Eye Indian Chemical Market as Local Production Stagnates
The major players in India’s chemical industry, particularly in the basic raw materials sector, are state-run enterprises and local conglomerates. Foreign companies are rarely seen in the market. But now,...
Asahi Kasei Medical Forms Venture Fund for Dialysis, Bioprocess Fields
Asahi Kasei Medical Co. Ltd. has set up a corporate venture capital (CVC) fund to back new business development. The fund will invest in ventures that promise to take advantage...
Toyo Ink to Establish 100B Yen Core Business With New Medium-Term Plan
Toyo Ink SC Holdings Co. Ltd. (TYO:4634) is set to begin its three-year medium-term management plan, which marks fiscal 2020 as its final year. In addition to accelerating application development...
Sekisui Chemical Plans Boost to European Production of Interlayer Film
Sekisui Chemical Co. Ltd. (TYO:4204) announced on Jan. 25 that it will expand its production of automotive interlayer film in the Netherlands. This includes plans to install a new production...
Mitsubishi Chemical Looks to Accelerate M&A Efforts in Performance Products
Mitsubishi Chemical Corp. is moving to accelerate its M&A strategies in the area of performance products. With an investment and loan framework of 1.7 trillion yen ($15.08 billion) established as...
Thai-Based IRPC to Begin Paraxylene Operations
Major Thai-based oil-refining and petrochemical company IRPC Public Co. Ltd. is preparing to start a paraxylene (PX) business. The company aims to complete a new aromatics facility by 2022 through...
Deepak Nitrite Builds India’s First Major Phenol Plant
Major Indian chemicals firm Deepak Nitrite Ltd. plans to operate the country’s first large-scale phenol production plant in Dahej, Gujarat, Western India. Facilities are under construction for the project involving...
