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  • Huntsman continues to increase investment in Shanghai Park

    2019-05-10

    Source: China Chemical Industry News April 18, 2019    Sinochem New Network News On March 28, Huntsman and Shanghai Jinshan No. 2 Industrial Park signed an agreement to formally settle the 28,000-ton annual thermoplastic polyurethane rubber project in the park. It is reported that the total investment of the project is 247 million yuan. After the project is put into production, the annual sales are expected to exceed 1 billion yuan. Pan Lumin, President of Huntsman Polyurethanes Business Unit Asia Pacific, said that the formal settlement of the project in the park shows Huntsman's commitment and confidence in the Chinese market. In 2011, the first-phase project of Shanghai Huntsman Polyurethane Special Material Co., Ltd. was settled in the park with a registered capital of 8 million US dollars. To this end, Huntsman decided to expand production in the park to further meet the needs of the domestic market.   For a long time, in terms of corporate environment, Huntsman has strictly adhered to safety in all production links Read More
  • South Korea launches public comment on amendments to basic safety standards for children's products

    2019-09-08

    Source of information: Ministry of Commerce website Time: 2019-09-02On August 22, 2019, the Korea Technical Standards Agency (KATS) issued amendments to the basic safety standards for children's products and conducted public comments.   This standard applies to products used by children under 13 years old. This revision adds a new definition of elastomers: nitrosamines and nitratable substances, and specifies a concentration limit of ≤0.01 mg/kg. Most nitrosamines are considered carcinogens and are used to make most rubber products and some cosmetics. The revised limits apply to children's products and rubber products used in the oral cavity, such as toothbrushes. The draft also reduces the lead threshold from no higher than 300 mg/kg to no higher than 100 mg/kg. The limit of paint and surface coating is ≤90mg/kg. The lead limit does not apply to functional parts of electrical and electronic products, such as electrical connection components.   Deadline for public comment is 20 Read More
  • DuPont and ExxonMobil develop new TPV

    2019-09-06

    Source: China National Chemical News, September 2, 2019, DuPont Transportation and Industrial Division announced that it has successfully cooperated with ExxonMobil Chemical Company in special elastomers and successfully developed joint corner seals for automobiles The new Santoprene thermoplastic vulcanized elastomer series (TPVs). The two companies have replaced the traditional organic lubricants by adopting silicon-based additives designed by DuPont, and developed a new generation of Santoprene thermoplastic vulcanized elastomer series, which not only improves the EPDM base material Adhesion performance, and reduces the friction coefficient, making doors and windows easier to open and close. The new series of Santoprene elastomer B260 products also have more excellent fluidity, abrasion resistance and UV light stability.  According to the introduction, in order to meet the customer's demand for higher corner forming seals, ExxonMobil Chemical Company hopes to improve Santoprene elastomers and EPD Read More
  • Eurasian Economic Union launches anti-dumping investigation on aluminum strip products originating in China and Azerbaijan

    2019-05-09

    Source: Trade Remedy and Investigation Bureau, Ministry of Commerce. On May 7, 2019, the Eurasian Economic Union issued an announcement deciding to initiate an anti-dumping investigation on aluminum strip products originating in China and Azerbaijan. The tax numbers involved are 7606119100, 7606122009, 7606129209. Relevant documents can be found at the following link: http://www.eurasiancommission.org/ru/act/trade/podm/investigations/PublicDocuments/AD28_notice_initiation.pdf The contact details of the Eurasian Economic Union’s investigation agency are as follows: Address: Смоленский бульвар, 3/5 стр.1, г. Моск Read More
  • Yangtze River Delta Chemical Cooperates to Cope with Economic and Trade Friction

    2019-10-09

    Author: Chen Hong Ying Source: China Chemical Industry News 2019 October 9 Japan News of the new network before the National Day, to \"deal with international trade risk, promote industrial development of high-quality \" as the theme of the 2019 Yangtze River Chemical Industry Fair Trade and Industry The Cooperation Development Forum was held in Shanghai. The forum released the\"Yangtze River Delta Chemical Industry Economic and Trade Friction Cooperation Response Initiative\", and the Yangtze River Delta Chemical Industry Economic and Trade Friction Cooperation Response Alliance was established to enhance the Yangtze River Delta chemical industry and enterprises' ability to prevent international economic and trade risks. The\"Proposal\" proposed that the alliance should maintain the multilateral trading system and promote the global development of the chemical industry; oppose trade protectionism and effectively safeguard the legitimate rights and interests of industries and enterprises; participate in friction defense on behalf of the industry and build a new regional linkage model; carry out regional industry special projects Research and provide high-quality industry public services.   According to statistics, 344 cases have been launched globally since 2018 Read More
  • South Korea and Britain formally sign a bilateral free trade agreement

    2019-09-05

    Source: Ministry of Commerce website August 28, 2019 According to the Korea Daily Economy report on August 22, in order to prevent the risks brought by the United Kingdom \"Brexit\", to ensure that the bilateral trade between South Korea and Britain is not subject to the United Kingdom\"Brexit\" As a result, the Minister of Commerce, Trade and Energy of the Ministry of Trade, Industry and Energy of the Republic of Korea Yu Mingxi and British Trade Minister Elizabeth Trass officially signed the Korea-British Free Trade Agreement (FTA) in London on the 22nd. It is predicted that the South Korean government may complete parliamentary approval and other related procedures before October 31, when Britain is expected to leave the European Union.   reports that the Korea-British Free Trade Agreement has set up a \"safety valve\" to eliminate the uncertainty caused by Britain\"Brexit\". In the event of \"No Brexit\", the agreement will take effect immediately on October 31\"Brexit\". The two countries also agreed to start negotiations again within two years of the entry into force of the agreement to develop the level of bilateral free trade agreements to a higher level.   reports that after the agreement comes into force, the current Read More
  • The third APEC senior official meeting in 2019 is held in Puerto Varas, Chile

    2019-09-04

    Source: Xinhuanet 2019-09-02 August 29-30, the third APEC Senior Officials Meeting 2019 was held in Puerto Varas, Chile. APEC senior officials Lu Mei led a delegation to attend.  Rumme said that APEC is an important economic cooperation mechanism in the Asia-Pacific region and has made positive contributions to the development and prosperity of the Asia-Pacific region for a long time. This year APEC celebrates its 30th anniversary, and the Chilean side hosted the APEC meeting at this key node, which is of great significance to Asia-Pacific regional cooperation and APEC's own development.  Lu Mei said that under the auspices of Chile, this year APEC has steadily promoted cooperation in various fields and made new positive progress around the theme of\"connecting people and building a future\". The third meeting of senior officials is an important part of the APEC leaders’ informal meeting. At this meeting, all parties focused on regional economic integration, digital economy, interconnection, women and inclusive development Read More
  • Goodyear expanded production vehicle tires

    2019-05-06

    Source: Sinochem New Network April 18, 2019 Sinochem New Network News On April 10, US tire manufacturer Goodyear Tire & Rubber Company announced that it plans to invest US$36 million (approximately RMB 250 million) in its The plant in Colmarberg, Luxembourg, increases the production of OTR tires and improves the process. However, Goodyear did not disclose specific capacity growth figures. David Anckaert, Vice President of Goodyear Europe’s commercial tire business, said:\"For our overall business operations, this important investment will enable us to better meet the growing demand and provide a full range of high-quality trucks and non-trucks. Tire products and comprehensive mobile solutions are better for customers' daily operations on site. Due to the expansion of mining and construction businesses, as well as the development of ports and industrial fields, the demand for high-quality engineering OTR tires continues to increase Read More
  • Japan cancels the monitoring and inspection of buckwheat chinensis and mesochlor in Chinese broccoli

    2019-09-02

    Source: Ministry of Commerce website August 27, 2019 Almaty, September 26th, Kazakhstan Ministry of Trade and Integration released a message that Kazakhstan will be in the Eurasian economy Under the framework of the Union, quota protection policies are implemented for imported hot-rolled steel. According to    news, Kazakhstan set an import quota of 12029 tons for hot rolled steel products, and will impose a 20% tariff on imported products that exceed the quota. The above quota will take effect from December 1, 2019. Quota and tariff policies do not apply to hot-rolled steel imported from developing countries, least developed countries (except North Korea), and parties to the CIS free trade agreement (except Ukraine). Under the quota framework, Kazakhstan still plans to import rolled steel products that its country cannot produce.  The Ministry of Trade and Integration of Kazakhstan stated that in the context of the trade measures adopted by the United States and the European Union, the implementation of special quotas will help protect the Kazakh domestic market and Kazakh commodities Read More
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