Asian Markets
February 8, 2021
Covestro Plans PUD Plant in China
Covestro plans new plants for polyurethane dispersions and polyester resins
- Significant increase of production capacity at the Shanghai site
- Environmentally compatible products replace solvent-based types
- Versatile applications in automobiles, furniture, textiles and shoes
Covestro’s existing production plant for polyurethane dispersions in Shanghai. © Covestro Polyurethane dispersions are used in many applications, including UV-curable gloss and matte floor coatings. © Covestro
Covestro is planning a new production facility for polyurethane dispersions (PUDs) at the Covestro Integrated Site in Shanghai, China (CISS) to address the rising demand for environmentally compatible coatings and adhesives in the Asia-Pacific region. A further line for polyester resins, from which PUDs are produced, is also to be built there. The plants are due to be completed in 2024.
“With these investments, we are preparing for the continued growth in demand for these products and expanding our leading global position,” says Michael Friede, Global Head of the Coatings, Adhesives, Specialties segment at Covestro. “In the future, customers will continue to rely on replacing solvent-based products with more sustainable waterborne systems with equally good properties. Thanks to our versatile production, we are at the same time flexible and can satisfy many different requirements.”
Covestro develops tailor-made PUDs for a wide range of industries, thereby creating new growth opportunities. The company is a leader in research and development of products and process technologies and supports customers around the globe with technical service.
Wide range of applications
The areas of application for polyurethane dispersions are highly diversified. For instance, Covestro raw materials from the Bayhydrol® UH, U and UV series and Bayhytherm® are used in basecoats for automotive primary and refinish coatings, as well as in wood and furniture coatings and robust floor coatings. Adhesives formulated with Dispercoll® U are used in furniture and shoe manufacturing as well as in the automotive industry.
The low-solvent components also play an important role in the production of coated textiles and fiber-reinforced plastics.
February 8, 2021
Covestro Plans PUD Plant in China
Covestro plans new plants for polyurethane dispersions and polyester resins
- Significant increase of production capacity at the Shanghai site
- Environmentally compatible products replace solvent-based types
- Versatile applications in automobiles, furniture, textiles and shoes
Covestro’s existing production plant for polyurethane dispersions in Shanghai. © Covestro Polyurethane dispersions are used in many applications, including UV-curable gloss and matte floor coatings. © Covestro
Covestro is planning a new production facility for polyurethane dispersions (PUDs) at the Covestro Integrated Site in Shanghai, China (CISS) to address the rising demand for environmentally compatible coatings and adhesives in the Asia-Pacific region. A further line for polyester resins, from which PUDs are produced, is also to be built there. The plants are due to be completed in 2024.
“With these investments, we are preparing for the continued growth in demand for these products and expanding our leading global position,” says Michael Friede, Global Head of the Coatings, Adhesives, Specialties segment at Covestro. “In the future, customers will continue to rely on replacing solvent-based products with more sustainable waterborne systems with equally good properties. Thanks to our versatile production, we are at the same time flexible and can satisfy many different requirements.”
Covestro develops tailor-made PUDs for a wide range of industries, thereby creating new growth opportunities. The company is a leader in research and development of products and process technologies and supports customers around the globe with technical service.
Wide range of applications
The areas of application for polyurethane dispersions are highly diversified. For instance, Covestro raw materials from the Bayhydrol® UH, U and UV series and Bayhytherm® are used in basecoats for automotive primary and refinish coatings, as well as in wood and furniture coatings and robust floor coatings. Adhesives formulated with Dispercoll® U are used in furniture and shoe manufacturing as well as in the automotive industry.
The low-solvent components also play an important role in the production of coated textiles and fiber-reinforced plastics.
February 1, 2021
Anti-dumping Investigation of TDI Imports to India
Case No. ADD (O.I.) 34/2019- Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates.
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF TRADE REMEDIES)
NOTIFICATION
FINAL FINDINGS
New Delhi, the 28th January, 2021
Case No. ADD (O.I.) 34/2019
Subject : Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates.
F. No. 6/43/2019-DGTR.—
A. BACKGROUND OF THE CASE
1. M/s Gujarat Narmada Valley Fertilizers & Chemicals Limited (hereinafter referred to as the “Applicant”) filed an application before the Designated Authority in accordance with Customs Tariff Act, 1975 (hereinafter also referred to as the “Act”) as amended from time to time and the Customs Tariff (Identification, Assessment and Collection of Antidumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter also referred to as the “Anti-Dumping Rules” or “Rules”) for initiation of anti-dumping investigation concerning the imports of Toluene Di-Isocyanate (hereinafter also referred to as the “product under consideration” or “PUC” or the “subject goods”) from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates (hereinafter also referred to as the “subject countries”).
2. The Authority on the basis of prima facie evidence submitted by the Applicant, issued a public notice vide Notification No. 6/43/2019-DGTR dated 31st January, 2020 in the Gazette of India Extraordinary initiating the investigation in accordance with Section 9A of the Act read with Rule 5 of the Rules to determine existence, degree and effect of the alleged dumping of the subject goods originating in or exported from the subject countries and to recommend the amount of anti-dumping duty (ADD), which if levied, would be adequate to remove the alleged injury to the Domestic Industry.
3. The Authority having regard to the Act and the Rules, considered it appropriate to recommend interim duties and issued Preliminary Findings vide Notification No. 6/43/2019-DGTR dated 4th September, 2020, recommending imposition of provisional ADD on the imports of the subject goods, originating in or exported from the subject countries. Accordingly, the Central Government vide Notification No.43/2020-Customs dated 2nd December, 2020 imposed provisional ADD on imports of the Toluene Di-Isocyanate from Chinese Taipei, European Union, Saudi Arabia and United Arab Emirates for a period of 6 months.
https://taxguru.in/custom-duty/anti-dumping-investigation-imports-toluene-di-isocyanate.html
February 1, 2021
Anti-dumping Investigation of TDI Imports to India
Case No. ADD (O.I.) 34/2019- Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates.
MINISTRY OF COMMERCE AND INDUSTRY
(Department of Commerce)
(DIRECTORATE GENERAL OF TRADE REMEDIES)
NOTIFICATION
FINAL FINDINGS
New Delhi, the 28th January, 2021
Case No. ADD (O.I.) 34/2019
Subject : Anti-dumping investigation concerning the imports of Toluene Di-Isocyanate from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates.
F. No. 6/43/2019-DGTR.—
A. BACKGROUND OF THE CASE
1. M/s Gujarat Narmada Valley Fertilizers & Chemicals Limited (hereinafter referred to as the “Applicant”) filed an application before the Designated Authority in accordance with Customs Tariff Act, 1975 (hereinafter also referred to as the “Act”) as amended from time to time and the Customs Tariff (Identification, Assessment and Collection of Antidumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 (hereinafter also referred to as the “Anti-Dumping Rules” or “Rules”) for initiation of anti-dumping investigation concerning the imports of Toluene Di-Isocyanate (hereinafter also referred to as the “product under consideration” or “PUC” or the “subject goods”) from European Union, Saudi Arabia, Chinese Taipei and United Arab Emirates (hereinafter also referred to as the “subject countries”).
2. The Authority on the basis of prima facie evidence submitted by the Applicant, issued a public notice vide Notification No. 6/43/2019-DGTR dated 31st January, 2020 in the Gazette of India Extraordinary initiating the investigation in accordance with Section 9A of the Act read with Rule 5 of the Rules to determine existence, degree and effect of the alleged dumping of the subject goods originating in or exported from the subject countries and to recommend the amount of anti-dumping duty (ADD), which if levied, would be adequate to remove the alleged injury to the Domestic Industry.
3. The Authority having regard to the Act and the Rules, considered it appropriate to recommend interim duties and issued Preliminary Findings vide Notification No. 6/43/2019-DGTR dated 4th September, 2020, recommending imposition of provisional ADD on the imports of the subject goods, originating in or exported from the subject countries. Accordingly, the Central Government vide Notification No.43/2020-Customs dated 2nd December, 2020 imposed provisional ADD on imports of the Toluene Di-Isocyanate from Chinese Taipei, European Union, Saudi Arabia and United Arab Emirates for a period of 6 months.
https://taxguru.in/custom-duty/anti-dumping-investigation-imports-toluene-di-isocyanate.html
January 26, 2021
POSM JV Slated for LyondellBasell and Sinopec
LyondellBasell and Sinopec finalize joint venture to manufacture propylene oxide and styrene monomer in China
ROTTERDAM, Netherlands and BEIJING, Jan. 25, 2021 /PRNewswire/ — LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the world and the China Petroleum & Chemical Corporation (Sinopec), one of the largest integrated energy companies in China, today announced the signing of an agreement to form a 50:50 joint venture (JV) which will produce propylene oxide (PO) and styrene monomer (SM) in China’s domestic market. First announced on December 23, 2019, the JV will operate under the name Ningbo ZRCC LyondellBasell New Material Company Limited.
“As China’s economy continues to grow, so will demand for propylene oxide and styrene monomer. We are excited to expand our relationship with Sinopec through this joint venture in order to better serve China’s domestic market. Sinopec’s outstanding operational capabilities combined with LyondellBasell’s leading technology is a win-win,” said Torkel Rhenman, Executive Vice President, Intermediates and Derivatives, and Refining.
“Built on the remarkable success of our first Joint Venture, we are very delighted to continue to enhance the important partnership with LyondellBasell for future achievements. The establishment of the new Joint Venture is not only in line with the national drive for further opening-up, but also a vital step for Sinopec to deepen and expand our international operations,” said Yu Baocai, Senior Vice President of Sinopec Corp. “We have great expectations on the new Joint Venture for propelling the economic development of the city of Ningbo to a new level. During the 14th Five-Year Plan period (2021-2025), Sinopec will continue to promote green industrial upgrading and innovative transformation, contributing to the everlasting economic growth of Zhejiang Province and Eastern China, and even the development of the chemical industry in China.”
The JV will construct a new PO and SM unit in Zhenhai Ningbo, China. This new unit will have 275 kilotons per annum (KTA) capacity of PO and 600 KTA capacity of SM. The unit will use LyondellBasell’s leading PO / SM technology. Products produced by the JV will be marketed equally by both partners, significantly expanding their respective participation in the Chinese market for PO and SM. Startup is expected at the end of 2021.
The formation of the JV is subject to approvals by relevant government authorities, including antitrust review by the State Administration for Market Regulation. LyondellBasell expects to make its equity contribution to the JV during the first quarter of 2021.
According to IHS Markit, China accounts for more than 60 percent of chemical market demand in Asia and represents 40 percent of global chemical market growth over the next decade. PO and SM are core products of LyondellBasell and are used in a variety of applications including packaging, building and construction, furnishings and transportation.
LyondellBasell operates five wholly-owned facilities in China which are located in Guangzhou, Suzhou, Dalian, Dongguan and Changshu.
About LyondellBasell
LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world’s largest producer of polymer compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named to Fortune Magazine’s list of the “World’s Most Admired Companies” for the third consecutive year. More information about LyondellBasell can be found at www.lyondellbasell.com.
About Sinopec
Sinopec Group is the largest oil and petrochemical products supplier and the second largest oil and gas producer in China, the largest refining company, and the third largest chemical company in the world. Its total number of gas stations ranks the second place in the world.
https://lyondellbasell.mediaroom.com/index.php?s=43&item=1356
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