|
 |
The Weekly News Update is a weekly
roundup of business news from around the Asia-Pacific region,
covering Fusion Consulting's core industry practices: chemicals,
consumer & retail, financial services, industrial &
logistics, information & communication technology, life science
and media & leisure. If you have colleagues or friends who may
be interested in subscribing, please forward this email to them and
copy knowledge@fusionc.com.
 |
Major chemical company expansion
in Asia-Pacific
Rohm & Haas has been
named the most vigorous chemical company in
Asia-Pacific in the latest
Asia-Pacific Chemical Business Vitality Index report,
out-competing its chemical and
energy sector peers with a winning combination of
regional presence, revenue performance and
innovation. Request your free copy
here. |
|
|
|
|
China - Weak shoe
sector hits adipic acid
Source: ICIS, 3 April
2008
Factory
closures in the Chinese shoe industry on high cost pressures is
curtailing demand for adipic acid. The shoe sole application sector
is the biggest consumer of adipic acid in China. Tighter credit
controls implemented in recent months also dampened buying interest
for adipic acid.
Oversupply, which significantly weakened the market in
2007, was expected to keep prices under pressure in 2008 as well.
China is the key adipic acid market in Asia and softer domestic
prices could lead to lower regional prices. Major suppliers to
northeast Asia include Asahi Kasei, Invista, Rhodia Polyamide, BASF
and Radici.
India - Essar plans
polypropylene plant
Source: Business Standard, 7
April 2008
The Essar group is in talks with two companies for a
possible tie up to set up a polypropylene unit in Jamnagar. The
proposed plant would be near the Essar Oil Ltd.'s grassroots
refinery in Gujarat. Essar's refinery in Gujarat is the second
private refinery in India's state-dominated oil sector. Essar Oil's
refinery has a capacity of 10.5 million tons per annum
(mtpa).
Currently, Reliance Industries
Limited is Asia's largest manufacturer of polypropylene. With a
combined capacity of over one million tons. Reliance is one of the
top eight polypropylene producers in the world.
India - Narendra Plastic to
invest in two units
Source: Business Standard, 4
April 2008
Indian plastic packaging products maker Narendra Plastic
plans to invest over Rs900 million (US$23 million) to set up two new
manufacturing units in Daman and Uttarakhand. Narendra Plastic
currently has manufacturing facilities at Daman to produce about
20,000 million tons of plastics in a year. The new facilities at
Daman and Uttarakhand will add 12,000 million tons each per annum.
The
expansion is aimed to increase the company's business from Rs1.6
billion (US$40 million) currently to over Rs3.5 billion (US$88
million) by 2009. Narendra Plastic has a 6% market share of the Rs35
billion (US$877 million) Indian market.
View an example of our experience in this
industry.
Back to list of articles.
Visit our website to sign
up for free intelligence on Asian markets.
|
This Weekly News Update is a free newsletter,
providing a round-up of the week's Asia-Pacific news from our core
industry practices. If you have colleagues or friends who may be
interested in subscribing, please forward this email to them and copy knowledge@fusionc.com.
Fusion Consulting is a
business intelligence consultancy providing clear strategic advice on
Asia-Pacific markets. With offices in Shanghai, Singapore and Hong Kong and
400 industry consultants in 16 countries, we conduct custom research
and consulting to help companies understand their markets, compete more
effectively and grow into new areas of opportunity. Email more@fusionc.com or visit
www.fusionc.com for more
information.
|
