Latest news with #chemicalIndustry
LBCI
21 hours ago
- Business
- LBCI
China slaps extended tariffs on EU toluidine imports amid trade tensions
In a move signaling continued trade friction with the European Union, China's Ministry of Commerce announced Friday it will extend anti-dumping duties on toluidine imports from the bloc for another five years, starting June 28. The renewed tariffs target German chemical giant Lanxess Deutschland GmbH with a 19.6% duty, while other EU producers will face a significantly higher rate of 36.9%. The decision follows a review of market conditions and pricing practices that Beijing says unfairly disadvantage domestic manufacturers. Toluidine, a key chemical used in dyes, pharmaceuticals, and pesticides, has been at the center of trade scrutiny due to its strategic industrial applications. The extension of duties underscores China's broader efforts to shield its chemical sector from foreign competition and comes amid a backdrop of rising global trade protectionism. Reuters
Zawya
3 days ago
- Business
- Zawya
Saudi: Non-oil exports surge 24.6% to $7.57bln in April 2025
RIYADH — Saudi Arabia's merchandise exports amounted to SR90.3 billion in April this year, marking a 10.9 percent decrease compared to April 2024. Non-oil exports, including re-exports, recorded an increase of 24.6 percent, reaching SR28.4 billion, compared to the same period last year, according to the International Trade Statistics Bulletin for April 2025, released on Wednesday by the General Authority for Statistics (GASTAT). There has been an increase of 18.3 percent in imports, reaching SR76.1 billion in April. However, the trade surplus declined sharply by 61.7 percent, dropping to SR14.2 billion compared to April 2024, the GASTAT report pointed out. The bulletin indicated that there was a rise in the ratio of non-oil exports, including re-exports to imports, reaching 37.2 percent in April 2025, up from 35.4 percent in April 2024. Meanwhile, the share of oil exports in total exports decreased from 77.5 percent in April 2024 to 68.6 percent in April 2025. Chemical industry products were the top non-oil export goods, amounting to SR6 billion and accounting for 26.4 percent of total non-oil exports. The largest category of imported goods was "machinery, electrical equipment, and their parts," which totaled SR21.1 billion, representing 26 percent of total imports. The bulletin also showed that China remained the Kingdom's top trading partner. Exports to China totaled SR11.4 billion, accounting for 12.6 percent of total exports in April 2025, while imports from China reached SR19 billion, representing 25 percent of total imports for the same month. The International Trade Statistics are based on administrative records from the Zakat, Tax and Customs Authority for non-oil data and the Ministry of Energy for oil data, where the Kingdom's exports and imports are classified according to the 2022 Harmonized Commodity Description and Coding System. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
08-06-2025
- Yahoo
Drone strike causes fire at Azot chemical plant in Russia's Tula Oblast
A drone strike hit the Azot chemical plant in Novomoskovsk, Tula Oblast, Russia, on 8 June 2025, causing a fire. Source: Telegram channel Astra; other Russian sources; Tula Oblast Governor Dmitry Milyaev. Details: Local reports indicate that at least five explosions were heard in Novomoskovsk, with some residents claiming they heard up to eight. Russian Telegram channels reported that one drone struck the Azot plant, though details remain unverified. The Azot plant, officially Novomoskovsk Azot JSC, is Russia's largest producer of ammonia and nitrogen fertilisers and a leading manufacturer of mineral fertilisers, ammonia, organic plastics, resins, chlorine, caustic soda, calcium chloride, nitric acid, argon and methanol, according to its website. Russian media and sources later reported 12 explosions in Novomoskovsk. Milyaev confirmed the drone strike on the Azot plant and stated that the fire had been extinguished. No casualties were reported, and Ukraine has not officially confirmed its involvement. Background: The Azot chemical plant was previously targeted by a drone attack on the night of 23–24 May 2025, which also caused a fire and prompted evacuations of nearby villages. Support Ukrainska Pravda on Patreon!
CNA
14-05-2025
- Business
- CNA
Cariflex opens new plant in Singapore
Major synthetic rubber latex maker Cariflex has invested in a new Singapore plant to grow the firm's Southeast Asian market. Manpower Minister Tan See Leng says this signals a growing interest from chemical firms to ramp up capacity here. Such moves will also diversify the manufacturing sector. Nasyrah Rohim reports.
Reuters
09-05-2025
- Business
- Reuters
Brazil's Unigel approves deal with Petrobras on fertilizer plants, sources say
RIO DE JANEIRO, May 9 (Reuters) - The board of directors of Brazilian chemical firm Unigel on Friday approved a deal proposed by oil giant Petrobras ( opens new tab to settle legal disputes over fertilizer plants in northeastern Brazil, two sources familiar with the matter said. The deal would allow state-run Petrobras to work on resuming operations of the two plants in the states of Sergipe and Bahia, as President Luiz Inacio Lula da Silva's administration seeks to reduce Brazil's reliance on imported fertilizer. Petrobras leased the two nitrogen fertilizer plants to Unigel in 2019 under a 10-year agreement, but both facilities have been shut down since 2023, with Unigel citing unfeasible operating conditions due to high natural gas prices in Brazil. The deal would reestablish Petrobras' possession over the two plants, according to a securities filing released by the oil firm in April, with operations set to resume after a bidding process to contract services to run and maintain them.
