Leader Environmental Technologies says it has entered into a joint venture (JV) agreement with Nanosun to set up high performance membrane manufacturing facilities in Singapore and China. Leader Environmental Tech will own 60% of the JV. Nanosun will own the remaining 40%. The total investment in th...

As China continues its rapid recovery from Covid-19 lockdowns, strong demand for dimethylformamide (DMF) is likely to benefit SGX-listed Chinese chemical firm Jiutian Chemical.  With DMF’s ASP rising from RMB 4,512/tonne ($919.26) in 2QFY2020 to RMB5,925/tonne in 3QFY2020, UOB Kay Hian analys...

UOB Kay Hian analyst Clement Ho has initiated coverage on specialty chemical producer China Sunsine Chemical Holdings with a “sell” recommendation and a target price of 31 cents. The recommendation comes as selling prices of rubber accelerators, the main earnings driver for the company, remain l...

SEOUL: North Korean leader Kim Jong Un attended a meeting of the politburo of the country's ruling Workers Party, where economic projects including the chemical industry were discussed, state news agency KCNA said on Monday (Jun 8). The two-day meeting comes at a time of economic uncertainty amid ....

SINGAPORE (June 5): Advanced Holdings has disposed of its entire 85% stake in ZMK Technologies (ZMK) for a total consideration of €1.4 million (S$2.1 million) on Thursday. Following the completion of the disposal, ZMK will cease to be a subsidiary of Advanced Holdings. The German-incorporated ZMK ...

SINGAPORE (Mar 9): Oil prices suffered the greatest price collapse since 1991 after Saudi Arabia ignited a price war with Russia following the latter’s refusal to join production cuts with OPEC.  Shortly after the opening bell, the international benchmark Brent crude, plunged from US$45 a barrel...

SINGAPORE (Oct 16): China Sunsine Chemical Holdings, the largest rubber chemical producer in China, is set to benefit from long-term market consolidation, according to KGI Securities Research. KGI is re-initiating coverage on China Sunsine with an “outperform” rating and a target price of $1.40...

SINGAPORE (Sept 3): CSE Global on Monday announced it was acquiring a 100% stake in industrial power systems manufacturer Volta LLC via wholly-owned subsidiary CSE Americas. The consideration for the acquisition deal was US$25.1 million ($34.8 million), payable in cash and subject to adjustments fo...

SINGAPORE (July 15): On July 16, top executives from tech behemoths Facebook, Google’s owner Alphabet, Amazon.com and Apple will testify before the US House Committee on the Judiciary. The congressional hearing, part of a wide-ranging antitrust probe of the tech players that have a combi...

The Chinese chemical industry park where an explosion last month killed 78 people and left hundreds injured will be closed, authorities have said.