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Weekly Market Review (August 26, 2013- August 30, 2013)
This week most products exhibited fall-back for lacking demand supports, and some continued upside. Trends in detail:
>>Top Stories
1.Taiwan Nanya to Expand TDI, BPA and MEG Production
According to Taiwan Nanya Plastics, in the next couple of years, this company will expand its production of TDI, BPA and MEG in Mailiao.Nanya is considering building a 90 ktpa TDI unit, bringing total capacity of the company to 120 ktpa.
2.Huafon to Build 60 Ktpa Spandex Project
Huafon Spandex plans to issue 1 billion Yuan designated placement to build its 60 ktpa spandex project. According to announcement, total investment of this project reached Rmb 2 billion and is estimated to add sales revenue by Rmb 2.9 billion.
3.Jayant Agro advances on forming JV with Japanese
Jayant Agro Organics gained 3.8% to Rs 80 at 10:33 IST on BSE, after the company entered into a joint venture agreement with two Japanese firms to focus on manufacturing castor oil based polyols.
4.Solvay and Sadara Begin Construction of PO Precursor Plant
Belgian chemicals and plastics company Solvay said on Monday it and partners had started the construction of one of the world's largest hydrogen peroxide plants in Saudi Arabia.
5.Solvay and Sadara Begin Construction of PO Precursor Plant
Belgian chemicals and plastics company Solvay said on Monday it and partners had started the construction of one of the world's largest hydrogen peroxide plants in Saudi Arabia.
6.Russian synthetic rubber maker opens sales office in Moscow, selling polyurethane
Russian petrochemicals giant and synthetic rubber producer Sibur has opened a sales office in Moscow in a bid to improve service to its customers and to increase the level of sales in Russia's central federal district.
Weekly Intelligence of PUWORLD
(September 6,2013)
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