Hints and tips:
...The latest moves could have an impact on Taiwan’s biggest petrochemical companies, including Formosa Plastics, which has a market value of $16.2bn, and state-owned CPC Corporation....
...Simon Mundy Smart read The global agreement on plastics that Gillian previewed on Monday has now been signed....
...This year there have been multiple shareholder calls for companies (like manufacturer 3M and retailer Tractor Supply) to become “public benefit corporations,” a legal designation that allows companies to...
...Analysts pointed to its significant debt as well as concerns around plans to refinance its $2.9bn of lending facilities and buy $871m worth of North Sea assets from BP and Korea National Oil Corporation....
...The pair were going to invest nearly $500m together with co-investors to recapitalise the Texas and Utah driller....
...Companies including Dow Chemical and ExxonMobil have brought a wave of new capacity on stream over the past couple of years, and there are other large projects from companies including Formosa Plastics of...
...(Gillian Tett and Billy Nauman) The FT and the International Finance Corporation have announced the winners of their 2019 Transformational Business Awards....
...For example, the top five lithium producers — Albemarle, Jiangxi Ganfeng Lithium, Livent Corporation, SQM, Tianqi Lithium Corporation — have all faced allegations of corruption, tax avoidance or violating...
...Its future seems likely to be a much more prosaic business, dominated by large corporations....
...In Vietnam, mass deaths of fish in 2016 caused by toxic waste from the steel plant of Formosa Plastics, a unit of Taiwan’s Formosa Plastics Group, raised public awareness of environmental issues....
...Plastic crate maker RPC has reported a doubling of its profits in the last financial year....
...Sharp is closely studying a Y700bn ($5.9bn) offer that easily tops the Y300bn offered by the state-backed Innovation Network Corporation....
...Contrast this situation with a decade ago, when the outlook was grim for US manufacturing of bulk chemicals such as ethylene, used as a building block for a wide variety of products including plastics....
...The US marker, West Texas Intermediate, fell to $45 a barrel, the lowest since March....
...However, he adds, by the end of the decade it is likely that those projects and possibly others from Shell, Formosa Plastics of Taiwan and Aither Chemicals of the US will be on stream....
...Water delivery has been a staple of US home and office life for nearly a century, dating from the 1920s when companies in southern California, Texas and Florida began selling purified water to customers...
...It also runs a petrochemicals research centre in Houston, Texas. Sabic is not alone in eyeing the US....
...The US space agency has given an initial $125,000 grant to Systems and Materials Research Corporation, a Texas-based company that came up with the idea for the universal food synthesizer....
...Royal Dutch Shell, Dow Chemical, ExxonMobil and Formosa Plastics have also been making progress with plans for new crackers: Shell in Pennsylvania and Dow, Exxon and Formosa in Texas....
...On its own, the Taiwanese manufacturer of Dynamic Random Access Memory chips has lost money in 17 of the past 18 quarters, and has just tapped its parent, Formosa Plastics, for its third capital infusion...
...I am expecting to see plastic containers, but the food has already been transferred on to fine Wedgwood porcelain. Our places have been set with linen napkins, embroidered with the KKR initials....
...A wood by a trailer park has “the sound of dry things snapping and stridulation of bugs in the duff of the copse and the two bottles and bright plastic packet impaled on the mulberry twig”....
...Meanwhile, the Great Pacific Garbage Patch – an expanse of floating debris twice the size of Texas – is an indication that the world’s waste is becoming unmanageable, with serious implications for the environment...
...In a business environment where corporations such as Apple don’t own much of anything in the way of manufacturing capacity, where management consultants preach virtuality as the Holy Grail, I was clearly...
...The Coles camp was also interested by the news this week that just two firms – Kohlberg Kravis Roberts and Texas Pacific Group – had teamed up to bid $45bn for TXU Corp, the Texas power utility....
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