Teknor Apex announces top management changes

(TeknorApex) -- Singapore Polymer Corporation (SPC), a unit of Teknor Apex Company, has appointed three new managers in its vinyl and thermoplastic elastomer (TPE) compound businesses, it was announced today by Stanly Tan, SPC managing director.

"One of Asiafs largest custom compounders, SPC serves customers in the Asia-Pacific, Oceania, the Indian subcontinent, the Middle East, and Africa, noted Mr. Tan, who became head of SPC on August 1. Our new managers are charged with helping SPC to intensify its outreach to customers across a vast and diversified part of the world", - he said. Many plastics processors, medical manufacturers, and wire and cable producers in the region will discover the sheer breadth of SPCproduct offerings, including literally thousands of compounds developed in the USA by Teknor Apex.


Idemitsu Kosan to restart to restart Tokuyama naphtha cracker within 2 weeks

(Reuters) -- Japanese refiner Idemitsu Kosan Co expects to restart a naphtha cracker at its Tokuyama plant in early October. The 256,000 tpa naphtha cracker has been shut on Sept. 6 for scheduled maintenance for about a month. Idemitsu shut a 120,000 barrels per day crude distillation unit at its Tokuyama refinery on Tuesday as part of efforts to curb refining amid sluggish domestic demand.


Keyuan Petrochemicals starts construction of the first SBS facility in Ningbo

(plastemart) -- Keyuan Petrochemicals, Inc. has commenced construction of its first Styrene-Butadiene-Styrene ("SBS") production facility in Ningbo, Zhejiang Province, which will be adjacent to its current production facility. SBS is commonly used in soles of shoes, tire treads and other products that require a hard rubber to remain sturdy for a long time due to its durability. The new SBS facility is expected to add 70,000 tons to Keyuan's production capacity by end-2011, with an estimated cost of US$17.5 mln in capital expenditures.


Tri Polyta to acquire the domestic petrochemical major

(plastemart) -- Indonesia's largest PP maker- PT Tri Polyta Indonesia will acquire petrochemical firm PT Chandra Asri in a share-swap deal worth about US$1.2 bln. Tri Polyta will issue 2.93 bln new shares to Chandra Asri's shareholders in exchange of it's US$1.2 bln assets. Deutsche Bank and Singapore's DBS Group are advisors for the deal.

Both the companies are controlled by Indonesian tycoon Prajogo Pangestu through holding company PT Barito Pacific. Barito Pacific owns 77.9 of Tri Polyta and 70% of Chandra Asri. The new combined entity will be Indonesia's biggest listed petrochemical firm, when the deal is completed by January 1 2011. Barito will own 71.6% stake in the new entity.


Hungarian injection moulder enters alternative energy business

(prw) -- Electronics component moulder Videoton Holding has diversified its portfolio by entering the alternative energy business.

The group, a major injection moulder of automotive parts based in Szekesfehervar, Hungary, has purchased a 51% majority stake in the Hungarian energy firm STS Group. It is involved in areas including wind farms, miniature hydro-electric plants, biomass-fuelled power plants and energy production using gases from waste landfill sites and sewage treatment facilities.

The deal represents an investment of around ┬5.34m by Videoton, which has accumulated a large amount of free capital some of which it aims to invest in fresh opportunities outside its traditional markets. Alternative energy has become part of its long term strategy.