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Shandong Haihua to dissolve chemical engineering unit

Tuesday, 28 Mar 2017 03:27am EDT

Shandong Haihua Co Ltd <000822.SZ>:Says it will dissolve a Weifang-based 75 percent owned chemical engineering subsidiary.

Shandong Haihua to merge with chemical engineering unit

Tuesday, 28 Mar 2017 03:24am EDT

Shandong Haihua Co Ltd <000822.SZ>: Says it will merge with its Weifang-based chemical engineering wholly owned subsidiary .Says the subsidiary will dissolve after merger.

Methanex comments on 13D filing by largest shareholder

Monday, 27 Mar 2017 08:30am EDT

Methanex Corp : Methanex Corp - commented on filing of revised schedule 13D by largest shareholder, M&G Investment Management Limited Of London, U.K. . Methanex Corp - "We are optimistic that we will be able to secure additional gas to support an investment in restart of our Chile IV plant" . Methanex Corp - "expect to be in a position to make a decision by mid-2017 to spend approximately $50 million over 12 months" .Methanex Corp - "We would expect to spend around an additional $50 million approximately in mid-2018 to refurbish Chile I plant".

Secos says Chinese unit under review

Sunday, 26 Mar 2017 07:34pm EDT

Secos Group Ltd :Chinese business unit currently under review with a view to bringing Secos to cash flow positivity at a group level.

Dong Energy to build biogas plant for Novo Nordisk, Novozymes residues

Thursday, 23 Mar 2017 04:18am EDT

Dong Energy : Says will in cooperation with Bigadan build a large-scale biogas plant . The plant will reuse residues from production facilities of Novozymes and Novo Nordisk in Kalundborg, Denmark . Construction of the new biogas plant will commence in March 2017, and the plant is scheduled for commissioning already in the spring of 2018 .The biogas plant will have a production capacity of 8 million square metres of natural gas per year, corresponding to the consumption of around 5,000 households.

Tianhe Chemicals Group confirms no employee of co was arrested by ICAC

Friday, 10 Mar 2017 05:30am EST

Tianhe Chemicals Group Ltd <1619.HK> : On 2 March 2017, officers of ICAC visited company's principal place of business in Hong Kong to execute a search warrant . Company confirms that no director or employee of company was arrested or taken away by ICAC . ICAC officers have not searched premises of company, and have not seized any property or document of company . Investigation has not affected operation and business of group, and does not have any impact on financial position of company .None of the co and any of its subsidiaries is a subject of investigation, co has only been requested to assist with investigation.

Akzo Nobel rejects PPG takeover bid

Thursday, 9 Mar 2017 01:42am EST

Akzo Nobel NV : Announces today a review of strategic options for separation of its specialty chemicals business . Boards have unanimously ‎concluded that PPG proposal substantially undervalues Akzo Nobel by failing to reflect long-term value creation potential of company .As part of separation, Akzo Nobel will consider various alternative ownership structures for specialty chemicals business including, but not limited to, establishment of an independent listed entity.

Recticel Insulation division plans to invest in the UK

Wednesday, 8 Mar 2017 01:54am EST

Recticel NV : Its insulation division plans to invest in additional production capacity in the United Kingdom, in order to enable further growth with its customers . Insulation division will increase by at least 50 percent its capacity in the United Kingdom . Additional capacity will be used to produce high performance rigid polyurethane foam ("pir") panels for thermal insulation for construction sector .Investment is expected to amount to at least 20 million euros ($21.12 million), and start of production is planned in Q3 2018.

Hongda Xingye unit says financial leasing of up to 300 mln yuan

Thursday, 2 Mar 2017 02:41am EST

Hongda Xingye Co Ltd <002002.SZ>: Says its subsidiary will sign a financial leasing contract with JIC Leasing Co., Ltd. . Says the subsidiary will sell equipments and facilities of calcium carbide project to the leasing company for up to 300 million yuan .The subsidiary will lease back the equipments and facilities with a term of four years.

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