Global Petrochemical Landscape: Trends, Pressures, and Prospects

October 26, 2024 – Global Petrochemical Capacity Faces Challenges Amidst Shifting Landscapes The global petrochemical industry is currently grappling with a lull in capacity building, yet the overhang of excess capacity remains a persistent hurdle. Xiao Bing, Deputy Director of the Marketing Research Institute at Sinopec’s Economic and Technology Research Institute, highlights that future expansions…

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China Chemical Signs Major Contracts Worth Over 200 Billion Yuan in First Half of 2024

China Chemical recently announced that it had signed contracts worth a total of 203.569 billion yuan in the first half of 2024, with construction engineering contracts accounting for the majority, amounting to 194.434 billion yuan. These contracts cover multiple regions both domestically and internationally, with domestic contracts totaling 162.232 billion yuan and overseas contracts reaching…

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From Shanghai to Semarang: Zhanchen’s Indonesian Factory Marks New Era in Global Coating Strategy

May 15, 2025 – Zhanchen New Materials Unveils Southeast Asia Expansion with Indonesia Production Hub Launch A pivotal milestone in Southeast Asia’s coating industry emerged on May 13 as Zhanchen New Materials officially commenced operations at its third overseas manufacturing facility in Semarang, Central Java, Indonesia. Strategically located within the Kawasan Industrial Park, the plant…

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Chroma Color Debuts ChromaFresh: Elevating Sensory Experience in Color Additives

December 4, 2024 – Chroma Color Unveils ChromaFresh: A Revolutionary Sensory Addition to Color Masterbatches In a groundbreaking move, Chroma Color has announced the launch of its innovative ChromaFresh product line, a series of color additives that not only introduce a new sensory dimension to color concentrates but also significantly enhance the appeal of various…

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Portugal’s IMG Group Invests €30M in Lithuania’s Sustainable PET Film Plant​

June 11, 2025 – Portugal’s IMG Group Launches Groundbreaking PET Film Plant in Lithuania AsiaMB reports Evertis, a subsidiary of Portugal’s IMG Group, is making a strategic €30 million investment to establish an advanced PET film manufacturing facility in Lithuania’s Klaipėda Free Economic Zone. The project, backed by a €25 million loan from the European…

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Landmark Achievements at Dusseldorf China’s 2024 Exhibitions, Paving the Way for International Growth

February 8, 2025 – Dusseldorf China’s 2024 Exhibitions Achieve Unprecedented Success, Boosting International Market Expansion for Businesses In 2024, Dusseldorf China’s 11 major exhibitions shone brightly, attracting a total of 9,800 domestic and international exhibitors and half a million professional visitors across a massive 710,000 square meters of exhibition space. The exhibitions, spanning various sectors…

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