Source: Sinopec News Network, February 12, 2019, Sinochem New Network News According to Bloomberg News on February 10, Kuwait Petroleum is reassessing its capital investment plan of approximately US$500 billion (about 1.8 trillion dirhams), In addition, this year it may decide to merge its eight business units into four to streamline the company.　　According to people familiar with the matter, the decline in oil prices, OPEC’s agreement to reduce crude oil production led to a reduction in Kuwait’s oil production, and a reassessment of the best way to use the funds have all contributed to the above assessment. The company announced last year that it plans to invest approximately $500 billion in capital projects by 2040.　　 The person also said that as part of the long-term strategy, the Kuwaiti National Petroleum Corporation may also merge Kuwaiti Foreign Petroleum Corporation, Kuwaiti Oil Tanker Company, Kuwait Gulf Petroleum Corporation and Kuwait Petroleum Industry Corporation into a more Read More

Information source: Food Partner Network Time: 2019-07-19　　According to Ukrainian media \"Agricultural News\" on the 17th, July 15, 2019, the Safety and Quality of Milk and Dairy Products formulated by the Ministry of Agriculture Policy and Food of Ukraine The requirements of the new regulations formally come into effect. The new regulations set specific requirements for the production, processing and entry of milk and dairy products, and established standards for raw milk based on the requirements of human consumption.　　 The new regulations apply to all participating operators in the milk and dairy products market, but there is no requirement for the primary production of milk and colostrum for their own consumption.　　 It is speculated that the regulation will help increase the production of Ukrainian premium milk. At the same time, updating the requirements in the field of milk products will make national legislation more in line with the relevant regulations of the EU's veterinary hygiene rules and safety indicators for milk production and circulation.　　 The transition period of the new regulations ends in 2022. Read More

Source of information: General Administration of Customs Time: 2019-07-17　　On July 12, 2019, the US Food Safety Inspection Agency (FSIS) issued a notice of \"Response Measures for Unprocessed Poultry Enterprises with Salmonella Exceeding Standards\" (No. 21-19), which The purpose is to verify corrective measures, conduct reassessment, perform public health risk assessments, and food safety assessments, and target related companies that do not meet the Salmonella standards, involving raw chicken or turkey (poultry) carcasses, chicken parts, and non-ready-to-eat poultry product.　　For more details, please see: https://www.fsis.usda.gov/wps/wcm/connect/137e9189-df39-41fc-90ba-05924db21cf7/21-19.pdf? MOD=AJPERES Read More

Source: Trade Remedy and Investigation Bureau, Ministry of Commerce 2019-02-27 The Ministry of Production and Labor of Argentina issued an announcement on February 25, 2019, deciding to initiate an anti-dumping investigation on aluminum plates imported from China. The tax codes of the products involved in the case are: 76069100 and 76069200. The enterprise in question is required to complete the answer sheet in full according to the requirements of the investigation authority, and submit the questionnaire to the Afghan party within 30 days from the time the questionnaire is received. The answer sheet and relevant evidence must be translated into Spanish by a translator certified by the Azerbaijani State and certified by the Afghan Embassy or Consulate in China. The interested parties involved in the investigation should also attach certification documents that prove their eligibility for signing rights along with the materials. The Afghan Party requires that the products involved in the case enter the customs 60 days after the announcement of the case to provide proof of origin. For the announcement of the case, please refer to the following link: http://servicios.infole Read More

Source of information: tbtguide Time: 2019-07-17 In June 2014, the State of Vermont in the United States signed Act S.238 into law (Act No. 188, numbered VSA 18: Chapter 38A \"Children are highly concerned about chemicals\") , Requiring children’s product manufacturers or industry associations to report to Children’s High Concern Chemicals (CHCC) to the Ministry of Health (DOH). The bill also instructs the Ministry of Health to publish \"rules\" that implement the bill.　　According to the Act, if CHCC exists in accessible parts of children's products, and one of the following conditions is met, a report is required: 　　——Intentionally added and greater than the actual quantitative limit (PQL), or 　　——Contaminants equal to or greater than 100ppm.　　On June 19, 2019, Vermont signed the CH on \"Reduction and Reporting of Toxic Substances\" and \"Children are highly concerned about chemicals\" Read More

Source: China Chemical Industry News January 31, 2019 Sinochem New Network PPG's financial report released last week showed that in 2018, continuous operations achieved net sales of approximately 15.4 billion US dollars, an increase of approximately 4% year-on-year; continuous operations achieved a net The profit is 1.3 billion US dollars, which is equivalent to diluted earnings per share of 5.40 US dollars; the adjusted diluted earnings per share of continuing operations is 5.92 US dollars; the adjusted effective tax rate of continuing operations is about 22%. The company expects the effective tax rate range for 2019 to be 23% to 25%.　　In 2018, the entire coatings industry faced the pressure of rising raw material and logistics costs quarter by quarter. Despite this, PPG achieved full-year adjusted earnings per share growth. In addition to raising product prices, the company has also actively adjusted its cost structure, cutting costs by approximately $80 million throughout the year. From a strategic perspective, PPG has announced six acquisitions in the past year, including recent Read More

Source: China National Chemical News Recently, July 11, 2019, Continental Group and the Italian Merlett Group reached an agreement to acquire its flexible hose business. Through this acquisition, Continental will expand its material expertise beyond the rubber sector, especially high-performance thermoplastic technologies and solutions. At the same time, Continental will increase the level of diversification of its product portfolio and expand its regional distribution in Europe and other places. The agreement includes the acquisition of all businesses of the Merlett Group, including three factories in Italy and Switzerland and a comprehensive sales network covering 12 European countries. The total number of employees is nearly 500. The acquisition must be approved by the relevant antitrust agency. Both parties agreed not to disclose the terms of the transaction.　　Andreas Gerstenberger, head of Continental Group’s Industrial Fluid Solutions Division, said: \"Smart hose solutions will help Continental’s customers Read More

Source: China National Chemical News July 11, 2019 The latest data released by the Ministry of Economy, Trade and Industry shows that in 2018, domestic lubricant sales in Japan decreased, but both imports and exports increased, and production also increased. In the Japanese lubricant trade, the proportion of overseas trade continues to increase.　　In 2018, domestic lubricant sales in Japan fell by 11% to 1.4 million tons. However, the quantity of imported lubricants increased by 30% to nearly 203,000 tons. 92% of Japan’s imported lubricants come from Asia, and the remaining 8% comes from the United States and other parts of the world. In all categories, domestic sales of marine lubricants were almost flat, close to 126,600 tons, industrial lubricants sales fell 1% to 301,200 tons, and metal processing oil sales fell 5% to 141,116 tons. In terms of grease, Japan’s grease imports increased by 39.6% last year to 1,711 tons. Among them, the day Read More

Source: Trade Remedy Investigation Bureau, Ministry of Commerce. February 22, 2019. On February 21, the European Commission issued an announcement deciding to initiate an anti-dumping investigation against glass fiber fabrics originating in China and Egypt. The products involved include weaving or knitting glass fiber fabrics and knitting continuous glass fiber yarns, which mainly involve tax numbers 70193900, 70194000, 70195900, 70199000. Read More