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DATE : 2013-08-22
Lukoil will stop production at its 150,000 tonne/year Acrylonitrille (ACN) plant in Saratov, Russia, in late September for maintenance, a source at the Russian oil and gas major said on Thursday.
The outage will last for one month, and begin on 23 September, the source confirmed.
Lukoil is currently stockpiling ACN to take it through the outage, the source added.
European ACN demand is weak because of poor macroeconomic conditions and traditional end-user holiday outages. The majority of buying interest is being covered on a contractual basis.
SOURCE Icis News
Lukoil will stop production at its 150,000 tonne/year Acrylonitrille (ACN) plant in Saratov, Russia, in late September for maintenance, a source at the Russian oil and gas major said on Thursday.
The outage will last for one month, and begin on 23 September, the source confirmed.
Lukoil is currently stockpiling ACN to take it through the outage, the source added.
European ACN demand is weak because of poor macroeconomic conditions and traditional end-user holiday outages. The majority of buying interest is being covered on a contractual basis.
SOURCE Icis News
DATE : 2013-08-15
Taiwan Styrene Monomer Corporation (TSMC) plans to shut one of its two styrene monomer (SM) units in Kaohsiung next week for approximately three weeks for scheduled maintenance, a company source said on Thursday.
The 180,000 tonne/year SM unit is expected to restart on 10 September, the source said.
Its other SM plant (160,000 tonne/year) will continue to operate at 100% during the turnaround, the source added.
Both facilities are running at full capacity, the source said.
SOURCE : Icis News
Taiwan Styrene Monomer Corporation (TSMC) plans to shut one of its two styrene monomer (SM) units in Kaohsiung next week for approximately three weeks for scheduled maintenance, a company source said on Thursday.
The 180,000 tonne/year SM unit is expected to restart on 10 September, the source said.
Its other SM plant (160,000 tonne/year) will continue to operate at 100% during the turnaround, the source added.
Both facilities are running at full capacity, the source said.
SOURCE : Icis News
DATE : 2013-08-19
Celanese may delay a planned maintenance at its Singapore-based 200,000 tonne/year Vinyl Acetate monomer (VAM) plant in September, sources close to the company said on Monday.
“The turnaround could be delayed to maximise sales volumes before the end of the quarter,” a source close to the company said.
The new maintenance schedule, however, has yet to be ascertained, according to the sources familiar with the company.
Meanwhile, selling indications for regional September VAM shipments were mentioned at $990/tonne CFR (cost and freight) SE (southeast) Asia, down $10/tonne from August shipment offers. Discussions have yet to commence.
VAM prices are unlikely to fall further owing to squeezed margins among producers, market players said.
Demand from downstream adhesives and emulsions sector is expected to pick up next month, they said, amid restocking after the Muslim Eid festival on 8 August, which marked the end of the month-long fasting month of Ramadan. Ramadan is observed in most parts of southeast Asia.
SOURCE : Icis News
Celanese may delay a planned maintenance at its Singapore-based 200,000 tonne/year Vinyl Acetate monomer (VAM) plant in September, sources close to the company said on Monday.
“The turnaround could be delayed to maximise sales volumes before the end of the quarter,” a source close to the company said.
The new maintenance schedule, however, has yet to be ascertained, according to the sources familiar with the company.
Meanwhile, selling indications for regional September VAM shipments were mentioned at $990/tonne CFR (cost and freight) SE (southeast) Asia, down $10/tonne from August shipment offers. Discussions have yet to commence.
VAM prices are unlikely to fall further owing to squeezed margins among producers, market players said.
Demand from downstream adhesives and emulsions sector is expected to pick up next month, they said, amid restocking after the Muslim Eid festival on 8 August, which marked the end of the month-long fasting month of Ramadan. Ramadan is observed in most parts of southeast Asia.
SOURCE : Icis News
DATE : 2013-08-01
Tongsuh Petrochemical is in plans to shut its No.4 Acrylonitrile (ACN) plant for maintenance turnaround.
A Polymerupdate source in South Korea informed that the plant is likely to be shut in September 2013 for maintenance turnaround. It is expected to remain off-stream for around one month.
Located in Ulsan, South Korea, the plant has a production capacity of 245,000 mt/year.
SOURCE : PolymerUpdate
Tongsuh Petrochemical is in plans to shut its No.4 Acrylonitrile (ACN) plant for maintenance turnaround.
A Polymerupdate source in South Korea informed that the plant is likely to be shut in September 2013 for maintenance turnaround. It is expected to remain off-stream for around one month.
Located in Ulsan, South Korea, the plant has a production capacity of 245,000 mt/year.
SOURCE : PolymerUpdate
DATE : 2013-08-21
Formosa Chemicals & Fiber Corp. (FCFC) is in plans to shut its No.1 Styrene monomer (SM) plant for maintenance turnaround.
A Polymerupdate source in Taiwan informed that the plant will be shut next week. It is likely to remain off-stream for around 40 days.
Located in Mailiao, Taiwan, the plant has a production capacity of 250,000 mt/year.
SOURCE : PolymerUpdate
Formosa Chemicals & Fiber Corp. (FCFC) is in plans to shut its No.1 Styrene monomer (SM) plant for maintenance turnaround.
A Polymerupdate source in Taiwan informed that the plant will be shut next week. It is likely to remain off-stream for around 40 days.
Located in Mailiao, Taiwan, the plant has a production capacity of 250,000 mt/year.
SOURCE : PolymerUpdate
DATE : 2013-08-13
China-based Huizhou MMA plans to shut its 90,000 tonne/year Methyl Methacrylate (MMA) unit in Guangdong province in end-August for a turnaround, a company source said on Friday. The turnaround is expected to last for 25 days, the source added.
Japan’s Mitsubishi Rayon Co (MRC) is now looking into MMA imports from its subsidiaries in Thailand to prevent a disruption of supply to its customers, the source said.
Huizhou MMA is a subsidiary of MRC.
The majority of China’s MMA production goes into cast and acrylic sheet applications.
SOURCE : Icis News
China-based Huizhou MMA plans to shut its 90,000 tonne/year Methyl Methacrylate (MMA) unit in Guangdong province in end-August for a turnaround, a company source said on Friday. The turnaround is expected to last for 25 days, the source added.
Japan’s Mitsubishi Rayon Co (MRC) is now looking into MMA imports from its subsidiaries in Thailand to prevent a disruption of supply to its customers, the source said.
Huizhou MMA is a subsidiary of MRC.
The majority of China’s MMA production goes into cast and acrylic sheet applications.
SOURCE : Icis News
DATE : 2013-08-21
Panasonic Corp will expand its lithium-ion battery business, which last year added to a near-record net loss but is now contributing to a turnaround strategy targeting the auto sector, people familiar with the plans said on Wednesday.
The Japanese electronics conglomerate, smarting from $15 billion in combined losses over the last two years, will invest at least 20 billion yen ($200 million) in the year to March to boost production of both small and large lithium-ion batteries for automakers, the people said.
While that's a relatively small part of the 83 billion yen Panasonic will spend in its automotive and industrial systems division - marked as a key source of growth as the company restructures loss-making operations such as TVs - it is noteworthy given that the battery business lost money in the last financial year.
The sources said Panasonic plans to build an additional production line for small batteries at a facility in the Osaka area in western Japan, and re-start another line at a separate Osaka plant. It is also constructing a new production line at its Kasai factory, also in western Japan, to build larger lithium-ion batteries. Operations are scheduled to begin there next spring, they said.
Business in small batteries was particularly tough as demand slumped for notebook PCs and Asian rivals stepped up the competition.
Sony Corp, another struggling Japanese electronics maker, has said it may sell its lithium-ion battery business, which makes small batteries for PCs, tablets and mobile phones.
CAPITAL SPENDING CUTS
But Tesla MotorsInc, a Panasonic customer that uses unconventional packs of small batteries in its Model S electric car, has helped fuel a rebound in demand, along with hybrid and electric vehicles made by Toyota Motors Corp, Volkswagen AG and others that use larger batteries.
Panasonic's small lithium-ion battery division had a standout April-June quarter with a 4.1 billion yen operating profit and a 5.8 percent margin, marking a turnaround from a 2 billion yen loss in the same period last year.
Panasonic is staking its turnaround on products catering to industrial clients such as automakers, for which it also makes navigation systems, sensors and audio equipment.
CEO KazuhiroTsuga aims to double the company's auto-related sales to 2 trillion yen by 2018.
As it moves to conserve cash, Panasonic has cut capital spending this year by around a third to 205 billion yen, but has vowed to keep spending on key businesses.
"We are becoming more selective with our capital spending, but we will carry out necessary investments where needed," Chief Financial Officer Hideaki Kawai told Reuters on Tuesday at the group's headquarters in Kadoma, near Osaka.
Source : Reuters
Panasonic Corp will expand its lithium-ion battery business, which last year added to a near-record net loss but is now contributing to a turnaround strategy targeting the auto sector, people familiar with the plans said on Wednesday.
The Japanese electronics conglomerate, smarting from $15 billion in combined losses over the last two years, will invest at least 20 billion yen ($200 million) in the year to March to boost production of both small and large lithium-ion batteries for automakers, the people said.
While that's a relatively small part of the 83 billion yen Panasonic will spend in its automotive and industrial systems division - marked as a key source of growth as the company restructures loss-making operations such as TVs - it is noteworthy given that the battery business lost money in the last financial year.
The sources said Panasonic plans to build an additional production line for small batteries at a facility in the Osaka area in western Japan, and re-start another line at a separate Osaka plant. It is also constructing a new production line at its Kasai factory, also in western Japan, to build larger lithium-ion batteries. Operations are scheduled to begin there next spring, they said.
Business in small batteries was particularly tough as demand slumped for notebook PCs and Asian rivals stepped up the competition.
Sony Corp, another struggling Japanese electronics maker, has said it may sell its lithium-ion battery business, which makes small batteries for PCs, tablets and mobile phones.
CAPITAL SPENDING CUTS
But Tesla MotorsInc, a Panasonic customer that uses unconventional packs of small batteries in its Model S electric car, has helped fuel a rebound in demand, along with hybrid and electric vehicles made by Toyota Motors Corp, Volkswagen AG and others that use larger batteries.
Panasonic's small lithium-ion battery division had a standout April-June quarter with a 4.1 billion yen operating profit and a 5.8 percent margin, marking a turnaround from a 2 billion yen loss in the same period last year.
Panasonic is staking its turnaround on products catering to industrial clients such as automakers, for which it also makes navigation systems, sensors and audio equipment.
CEO KazuhiroTsuga aims to double the company's auto-related sales to 2 trillion yen by 2018.
As it moves to conserve cash, Panasonic has cut capital spending this year by around a third to 205 billion yen, but has vowed to keep spending on key businesses.
"We are becoming more selective with our capital spending, but we will carry out necessary investments where needed," Chief Financial Officer Hideaki Kawai told Reuters on Tuesday at the group's headquarters in Kadoma, near Osaka.
Source : Reuters
DATE : 2013-08-13
Hungary's TVK has approved the basic engineering package for its planned 130,000 tonne/year Butadiene (BD) installation, the company said on Tuesday.
The acceptance of the package from a consortium of German process engineering firm Lurgi and Hungary's OTF Contracting means TVK remains on course to construct the plant and launch its commercial production by the first quarter of 2015, it added.
“Preparation of the detailed design is ongoing, tenders for several items of key equipment have been closed... and site mobilisation is expected in September,” TKV said in an update on the forint 30bn ($134m, €101m) BD project in Tiszaujvaros, northern Hungary.
In May this year, analysts at investment bank WOOD & Company noted that OMV – an Austria-based competitor of TVK's owner, Hungary's MOL group – had underlined the growing trend of oil and petrochemical groups moving to build their value chains by investing in BD production.
OMV is aiming to construct a €230m ($307m) BD plant in Burghausen, southeast Germany, by mid-2015, with the aim of accounting for approximately 6% of European BD production.
SOURCE: Icis News
Hungary's TVK has approved the basic engineering package for its planned 130,000 tonne/year Butadiene (BD) installation, the company said on Tuesday.
The acceptance of the package from a consortium of German process engineering firm Lurgi and Hungary's OTF Contracting means TVK remains on course to construct the plant and launch its commercial production by the first quarter of 2015, it added.
“Preparation of the detailed design is ongoing, tenders for several items of key equipment have been closed... and site mobilisation is expected in September,” TKV said in an update on the forint 30bn ($134m, €101m) BD project in Tiszaujvaros, northern Hungary.
In May this year, analysts at investment bank WOOD & Company noted that OMV – an Austria-based competitor of TVK's owner, Hungary's MOL group – had underlined the growing trend of oil and petrochemical groups moving to build their value chains by investing in BD production.
OMV is aiming to construct a €230m ($307m) BD plant in Burghausen, southeast Germany, by mid-2015, with the aim of accounting for approximately 6% of European BD production.
SOURCE: Icis News
DATE : 2013-08-14
Dow Chemical expects to resume Acrylic Acid (AA) production at its plant in Boehlen, Germany, in the next few days, a source from the company confirmed on Wednesday.
“Boehlen is still down and we hope to have the plant back within the next days,” the source said. The turnaround beganin the second week of July.
The outage is also impacting its Butyl Acrylate (butyl-A) production.
Dow has an annual AA capacity of 80,000 tonnes/year, and can produce 40,000 tonnes/year of Butyl-A from its Boehlen facility, in Saxony.
SOURCE : Icis News
Dow Chemical expects to resume Acrylic Acid (AA) production at its plant in Boehlen, Germany, in the next few days, a source from the company confirmed on Wednesday.
“Boehlen is still down and we hope to have the plant back within the next days,” the source said. The turnaround beganin the second week of July.
The outage is also impacting its Butyl Acrylate (butyl-A) production.
Dow has an annual AA capacity of 80,000 tonnes/year, and can produce 40,000 tonnes/year of Butyl-A from its Boehlen facility, in Saxony.
SOURCE : Icis News
DATE : 2013-08-15
The 100,000 tonnes/y Butadiene (BD) unit of China-based Qixiang Tengda Chemical in Zibo in Shandong province has been shut down due to weak olefin prices. As disclosed to the Shenzhen Stock Exchange, the oxygenation
and dehydrogenation process will be upgraded during the shutdown to lower the production cost of BD. The duration of the shutdown will depend on the effectiveness of the upgrade.
SOURCE : Icis News
The 100,000 tonnes/y Butadiene (BD) unit of China-based Qixiang Tengda Chemical in Zibo in Shandong province has been shut down due to weak olefin prices. As disclosed to the Shenzhen Stock Exchange, the oxygenation
and dehydrogenation process will be upgraded during the shutdown to lower the production cost of BD. The duration of the shutdown will depend on the effectiveness of the upgrade.
SOURCE : Icis News
DATE : 2013-08-09
Lucite International is expected to shut its Methyl Methacrylate (MMA) plant at Jurong Island in Singapore for a scheduled turnaround in early September, a company source said.
The 120,000 tonne/year plant will be shut for three weeks of annual maintenance, the source added.
The company uses the alpha process at the plant and uses ethylene, carbon monoxide and methanol as feedstock.
Lucite International is a subsidiary of Japanese producer Mitsubishi Rayon Co (MRC), which is one of the largest MMA producers in Asia.
SOURCE : Icis News
Lucite International is expected to shut its Methyl Methacrylate (MMA) plant at Jurong Island in Singapore for a scheduled turnaround in early September, a company source said.
The 120,000 tonne/year plant will be shut for three weeks of annual maintenance, the source added.
The company uses the alpha process at the plant and uses ethylene, carbon monoxide and methanol as feedstock.
Lucite International is a subsidiary of Japanese producer Mitsubishi Rayon Co (MRC), which is one of the largest MMA producers in Asia.
SOURCE : Icis News
DATE : 2013-08-19
Credit rating agency, CARE has reaffirmed 'BBB+' rating to Camlin Fine Sciences 'long term bank facilities worth Rs 67.80 crore which was enhanced from Rs 45.56 crore and 'A2' rating to company's Short term Bank Facilities worth Rs 170.00 crore which was enhanced from Rs 123.00 crore. The rating agency has also reaffirmed 'BBB+/ A2' rating to company's Long/Short term Bank Facilities worth Rs 160.00 crore which was enhanced from Rs 98.00 crore. The ratings continue to derive strength from the professionally qualified and experienced management, the company's dominant position as the largest global manufacturer of the food antioxidants Tertiary Butyl Hydro Quinone (TBHQ) and Butylated Hydroxyanisole (BHA), Camlin Fine Science's (CFSL) technical expertise and focus on the Research and Development (R&D). Camlin Fine Sciences is the world's second largest manufacturer and marketer of food grade antioxidants TBHQ and BHA.
SOURCE : Accord Fintech
Credit rating agency, CARE has reaffirmed 'BBB+' rating to Camlin Fine Sciences 'long term bank facilities worth Rs 67.80 crore which was enhanced from Rs 45.56 crore and 'A2' rating to company's Short term Bank Facilities worth Rs 170.00 crore which was enhanced from Rs 123.00 crore. The rating agency has also reaffirmed 'BBB+/ A2' rating to company's Long/Short term Bank Facilities worth Rs 160.00 crore which was enhanced from Rs 98.00 crore. The ratings continue to derive strength from the professionally qualified and experienced management, the company's dominant position as the largest global manufacturer of the food antioxidants Tertiary Butyl Hydro Quinone (TBHQ) and Butylated Hydroxyanisole (BHA), Camlin Fine Science's (CFSL) technical expertise and focus on the Research and Development (R&D). Camlin Fine Sciences is the world's second largest manufacturer and marketer of food grade antioxidants TBHQ and BHA.
SOURCE : Accord Fintech
DATE : 2013-08-15
Japan’s Taiyo Petrochemical shut its 280,000 tonne/year Styrene monomer (SM) unit in Ube on 14 August because of technical problems, traders said on Thursday. The plant will be shut for a week, they said.
The company could not be reached for comment. Despite of the outage, spot SM prices slipped at the close of trade on Thursday to $1,770-1,800/tonne (€1,328-1,350/tonne) CFR (cost and freight) China, according to ICIS.
Some buyers were heard seeking prompt SM cargoes because of this outage, but no further details could be obtained.
SOURCE : Icis News
Japan’s Taiyo Petrochemical shut its 280,000 tonne/year Styrene monomer (SM) unit in Ube on 14 August because of technical problems, traders said on Thursday. The plant will be shut for a week, they said.
The company could not be reached for comment. Despite of the outage, spot SM prices slipped at the close of trade on Thursday to $1,770-1,800/tonne (€1,328-1,350/tonne) CFR (cost and freight) China, according to ICIS.
Some buyers were heard seeking prompt SM cargoes because of this outage, but no further details could be obtained.
SOURCE : Icis News
DATE : 2013-08-19
Johnson & Johnson today announced it has successfully complzted is acquisiion of Aragon Pharmaceuticals, Inc., a privately-held pharmaceutical discovery and development company focused on drugs to treat hormonally-driven cancers. Development of compounds from Aragon's androgen receptor antagonist program, including its lead androgen receptor signaling inhibitor, ARN-509, will be managed by Janssen Research & Development, LLC.
"The acquisition strengthens our prostate cancer pipeline with a second-generation, potentially best-in-class compound," said Peter F. Lebowitz, M.D., Ph.D., Global Therapeutic Area Head, Oncology. "It builds on our existing leadership position with ZYTIGA® (abiraterone acetate), and, if approved, we are hopeful ARN-509 will allow us to meet the needs of an even broader range of prostate cancer patients."
About Johnson & Johnson
Caring for the world, one person at a time…inspires and unites the people of Johnson & Johnson. We embrace research and science—bringing innovative ideas, products and services to advance the health and well-being of people. Our approximately 128,000 employees at more than 275 Johnson & Johnson operating companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
About Janssen Research & Development, LLC
Janssen Research & Development, LLC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson, is headquartered in Raritan, N.J. and has affiliated facilities in Europe, the United States and Asia. Janssen Research & Development is leveraging a combination of internal and external innovation to discover and develop novel medicines and solutions in five distinct therapeutic areas: Neuroscience, Oncology, Immunology, Infectious Diseases and Vaccines, and Cardiovascular and Metabolism.
SOURCE : PrNewswire
Johnson & Johnson today announced it has successfully complzted is acquisiion of Aragon Pharmaceuticals, Inc., a privately-held pharmaceutical discovery and development company focused on drugs to treat hormonally-driven cancers. Development of compounds from Aragon's androgen receptor antagonist program, including its lead androgen receptor signaling inhibitor, ARN-509, will be managed by Janssen Research & Development, LLC.
"The acquisition strengthens our prostate cancer pipeline with a second-generation, potentially best-in-class compound," said Peter F. Lebowitz, M.D., Ph.D., Global Therapeutic Area Head, Oncology. "It builds on our existing leadership position with ZYTIGA® (abiraterone acetate), and, if approved, we are hopeful ARN-509 will allow us to meet the needs of an even broader range of prostate cancer patients."
About Johnson & Johnson
Caring for the world, one person at a time…inspires and unites the people of Johnson & Johnson. We embrace research and science—bringing innovative ideas, products and services to advance the health and well-being of people. Our approximately 128,000 employees at more than 275 Johnson & Johnson operating companies work with partners in health care to touch the lives of over a billion people every day, throughout the world.
About Janssen Research & Development, LLC
Janssen Research & Development, LLC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson, is headquartered in Raritan, N.J. and has affiliated facilities in Europe, the United States and Asia. Janssen Research & Development is leveraging a combination of internal and external innovation to discover and develop novel medicines and solutions in five distinct therapeutic areas: Neuroscience, Oncology, Immunology, Infectious Diseases and Vaccines, and Cardiovascular and Metabolism.
SOURCE : PrNewswire
DATE : 2013-08-08
IRPC Public Co has restarted its Styrene monomer (SM) plant. A Polymerupdate source in Thailand informed that the plant restarted this week. It was shut in early June 2013 for maintenance turnaround and debottlenecking exercise.
The production capacity of the plant has been increased from 200,000 mt/year to 250,000 mt/year. The plant is located in Rayong, near Map Ta Phut, Thailand.
SOURCE : PolymerUpdate
IRPC Public Co has restarted its Styrene monomer (SM) plant. A Polymerupdate source in Thailand informed that the plant restarted this week. It was shut in early June 2013 for maintenance turnaround and debottlenecking exercise.
The production capacity of the plant has been increased from 200,000 mt/year to 250,000 mt/year. The plant is located in Rayong, near Map Ta Phut, Thailand.
SOURCE : PolymerUpdate