Posts Tagged ‘government’

Egyptian buyers unhappy with new protection fees on homo-PP imports

The Egyptian government implemented a protection fee of 15% on all homo-PP imports effective for 200 days from June 5 to December 22, 2012, as per ChemOrbis. Egyptian PP producer EPPC pointed to strong competition from lower priced import cargoes as support for the new measures, but buyers have expressed anger regarding the new protection measures, which they feel to be unjustified. Egypt?s Chamber of Industry has also protested the new protection fees, arguing that the new measures will hamper the country?s export trade in finished plastic products while adding that EPPC?s production is not large enough to satisfy the market?s needs

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Odisha expedites establishment of plastic, polymer & allied cluster

Odisha state government has put a proposed plastic, polymer and allied cluster in Baleswar on a first track basis. To be built with an investment of Rs 82 crore, it is targeted to be commissioned by end of December 2012, on the outskirts of Baleswar town involving three areas such as Ganeswarpur, Somnathpur and Balgopalpur with the initiatives of IDCO.

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Progress of various Ministry schemes considerably slowed in the 11th Plan upto 2012 in India

The progress of various schemes of the ministry of chemicals and fertilisers for petrochemicals, including its flagship Petroleum, Chemicals and Petrochemical Investment Regions (PCPIRs), considerably slowed in the 11th Plan (2007-12). In its report to the government on the sector, the Planning Commission says the pace of investments has been much below expectation as has emerged in its discussion with state governments, the Department of Petrochemicals and the industry, as per Business Standard. The primary reason for the slowdown in PCPIRs is the various private and public sector undertakings, which are acting as anchor tenants that have officially ?put on hold? their proposed investment decisions, according to the ministry.

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Taking innovations through to successful, cost-effective medical device manufacturing

The global economy has taken a hit in the past few years and there is additional uncertainty in the US market surrounding the impact of healthcare reforms.

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Polymer demand in China, Vietnam hit by slower economic growth

Players in both China and Vietnam report that polymer demand in their respective countries has been slowed by weakness in the construction sector and slower than expected economic growth rates, as per Chemorbis. Both traders and converters complained that their sales have dropped significantly when compared with the same period in the past year as a result of the disappointingly sluggish economic environment. According to local media reports, investment in ChinaÂ’s property market is slowing down while sales of new houses are declining as reduced economic growth and government efforts to constrain inflation in the countryÂ’s property sector have reined in construction activity

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Indian rotomolder joins hands with Thai companies: donates flood relief boats

Leading Indian rotomolder, Fixopan Machines Pvt Ltd, joined hands with Srithai Superware PCL, SCG Chemicals and Thai National Shippers Council to manufacture and donate Flood relief Boats to assist the Flood relief agencies in Thailand.

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SABIC and Chongqing Government ink MoU to build engineering thermoplastics compounding plant

SABICÂ’s Innovative Plastics business, Chongqing Xiyong Micro-electronics Industrial Park, and the Chongqing Economic and Informatization Commission announced a memorandum of understanding where SABIC would establish an engineering thermoplastics compounding plant in Chongqing, China. The move supports the Chinese governmentÂ’s 12th Five-Year Plan to expand into the countryÂ’s western region and reinforces SABICÂ’s commitment to build on its long heritage of serving this important marketplace with innovative and consistently high-quality materials solutions

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Turnover of Indian plastic industry to touch Rs 1,000 bln in 2012

The Plastic industry in India symbolizes a promising industry and is creating new employment opportunities for the people of India. The per capita consumption of plastic products in India is growing and is moving towards 2.5 times GDP growth

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Oil and Gas Prices

Here it is at the beginning of Summer and oil and gas prices continue to climb. Just as the Saudis announce they will increase their supplies to the world Libya says they’ll cut back. Just as Congress starts to look at the “windfall” profits of the oil companies, some self-proclaimed “expert” says we will probably see $7 a gallon gas by the end of year.

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