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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,
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China - Printing ink
price to further rise
Source: China
Economic Information Service, 15 February 2008
China's cancellation of rebate
for pigment export has pushed up price of pigment products around
the world, especially that of printing ink. It is predicted that
printing ink price would further rise impacted by high cost of raw
materials.
As the world's leading pigment exporter, China cancelled
13% VAT rebate to exporters at the beginning of 2008, leading
China-exported pigment price to sharply surge. Such pigment
producers as Flint, Siegwerk and Sunsure feel pressures of higher
cost and start to hike prices of their pigment products.
India - James Robinson in
US$25 million switch to India group
Source:
Yorkshire Post, 13 February 2008
India's specialty chemicals
manufacturer Vivimed Labs is buying UK rival James Robinson from
Harlow-based speciality chemicals producer Yule Catto for GBP13
million (US$25 million. James Robinson specialises in making
photographic chemicals, hair dyes and dyes used in lenses for
sunglasses.
The deal also includes James Robinson's European
operation, based in Dieburg, Germany. Yule Catto will also dispose
of its stake in joint venture James Robinson India, based in
Hyderabad, to its joint venture partner when the sale to Vivimed is
completed.
Singapore -
Sherwin-Williams to acquire Asia coating unit
Source: European Coatings Newsletter, 18 February
2008
Sherwin-Williams has signed a definitive agreement to
acquire the liquid coatings subsidiaries of Inchem Holdings
International Limited, expanding the paint producer's reach in
Southeast Asia. Headquartered in Singapore, Inchem produces coatings
applied to wood and plastic products in Asia. The coatings are made
and sold in China, Vietnam and Malaysia, and distributed to 15 other
countries throughout Asia.
The deal reaffirms Sherwin-Williams'
commitment to growing globally through organic growth accelerated by
strategically important acquisitions. In the past year,
Sherwin-Williams has acquired paint and coatings companies in India,
Uruguay and Mexico.Place
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This Weekly News Update is a free newsletter,
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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
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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
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