Mr. Xi Fan (Alan) Zhong

GLG News by Mr. Xi Fan (Alan) Zhong, Managing Director

GLG News is now G+ Insights

G+ is a community for professionals, academics and entrepreneurs to connect through online discussions and in-person meetings. You will continue to see G+ Insights (formerly GLG News) here as well as on the G+ website, where you can share and discuss the G+ Insights you read.

Challenges INEOS Phenol Will Face in Its Perspective Phenol Plant in China

September 7, 2009

Analysis of:INEOS Phenol confirms Chinese Government authorities re-approve investment plans for a 400 kte facility | yourpetrochemicalnews.com

The green light indeed confirmed INEOS Phenol’s higher process technology level, better scale efficiency and the known global reputation. However, once the perspective plant is put into operation somewhere in 2011, INEOS Phenol will inevitably face some immediate challenges

Mitsubishi Chemical Wants to Leap Ahead

September 4, 2009

Analysis of:Mitsubishi Chemical in talks to buy rival | www.ft.com

In Mitsubishi Chemical's mid-term plan, Shift to high performance products and high value-added business and investment in alliances and M&A are listed as basic strategies to grow the business. The deal talk seems exactly on the right track; No matter whether it is Mitsubishi Rayon or others, one thing seems certain: Mitsubishi Chemical is ready to invest M&A to leap ahead.

It Is about Contracted demand, also about expanded profit

December 18, 2008

Analysis of:China Halts November Gasoline Imports as Demand Falls (Update1) | www.bloomberg.com

Import halt gives market room and expanded profit to the refineries of PetroChina and Sinopec

World-class Silicone Manufacturing Site Opening: More Chill than Cheer

December 1, 2008

Analysis of:WACKER and Dow Corning start raw material production at China’s largest integrated silicone site | www.wacker.com

With the world economic crisis looming, the new silicone complex opening will face immediate market difficulties. For the time being, It seems that shrinking is better than expanding.

Mergers Change Competition Landscape in China Emulsion Polymer Market

October 21, 2008

Analysis of:BASF makes offer to acquire Ciba | www.smartmoney.com

BASF, Dow Chemical, Rohm & Haas and Ciba are the leading emulsion polymer suppliers in China, .as well as worldwide. All these companies have established their own local manufacturing plants in China. While market positions will be strengthened through mergers, some manufacturing facilities overlap might negatively impact overall margins

DuPont Is Steadily Strengthening Its Position in China Automobile Coating Market

June 2, 2008

Analysis of:DuPont’s world class coatings plant put into operation in Jiading, Shanghai | www.dupont.com.cn

On April 8, 2008, DuPont held an opening ceremony of DuPont Performance Coatings (Shanghai) Co., Ltd., a new 20 KMT/a performance coatings plant in the Jiading district of Shanghai targeted to primarily serve the Chinese automotive refinish market. The latest significant investment apparently will enhance DuPont’s competitiveness in the region’s automotive coatings business.

From Degussa to Evonik: More Investment in China, More Revenue

April 14, 2008

Analysis of:Evonik Acquires Remaining Shares of Chinese Degussa Lynchem | www.degussa.com.cn

In March 2008, Evonik acquired the remaining 49 percent of its former joint venture Degussa Lynchem Co. Ltd., a patented fluoride- based specialty chemicals and pharmaceutical intermediates producer in Dalian, Liaoning province and Degussa Lynchem has since become a wholly owned subsidiary of Evonik. The acquisition will strengthen Evonik’s Exclusive Synthesis Business Line which is part of its Health and Nutrition Business Unit

Chinese Super Absorbent Polymer Production Is Jumping High

April 8, 2008

Analysis of:BASF and SINOPEC submit feasibility study for $900 million(2008-03-19) | www.basf-ypc.com.cn

 Upon the completion of the scheduled plant around later 2009, the overall SAP capacity in China will be over 200 KMT/a, an amount basically matching to its market demand 

With All the Surface Overcapacity, China's Polyester as a Whole Will Still Keep Growth Momentum

October 15, 2007

Analysis of:The outway for China's polyester Industry | news.packabc.com

Back to the year of 2002, when rampant investment pushed China’s polyester capacity to a high level of 8.5 million tons from a mediocre 3 million in 1997, cry-out of oversupply was everywhere. Five years later, the capacity now reaches a stunning 22 million tons, accounting for one third of the worldwide total. Chilly forecast of overcapacity once again is frequently heard. On the surface, the forecast sounds reasonable and any new investment in the sector will face a risk of losing money, in-depth analysis finds that several solid market factors support the ongoing capacity expansion and the industry will be still able to keep a sustained growth.

What does Blackstone seek from investing China’s Bluestar?

September 13, 2007

Analysis of:ChemChina Announces Strategic Investment by Blackstone | www.china-bluestar.com

As a latest evidence of international private equity firms’ golden rush movement in China, the Blackstone Group announced on September 10th 2007 a strategic partnership with China National Chemical Corporation or ChemChina and will invest up to US$ 600 million into ChemChina’s wholly-owned subsidiary China National Bluestar (Group) Corporation for a 20% stake. The deal, when being materialized, will be the ever largest foreign private equity firm investment in a Chinese SOE. What will Blackstone get from the investment?

In Viet Nam, time comes now to invest in petrochemicals

September 10, 2007

Analysis of:PM gives nod to petrochemical projects in Phu Yen | www.vneconomy.com.vn

Last month, Vietnamese government gave the green light to Singapore-based SP Chemicals Ltd. to build a US$1.2 billion naphtha cracker with an annual output of 0.8 MMT of ethylene at Hoa Tam in central Phu Yen province. The complex, the first and the largest petrochemical project in Vietnam, is slated to commence operations in 2012, The investment is the natural result from the recent years’ booming of downstream industries in the country.

Coal-based PVC: the Jackpot in Western Inland China?

August 27, 2007

Analysis of:LG Chemical Signs a Memo with Xinjiang Tianye Group for 1.2 MMT PVC Project | cna.chemnet.com

It was reported that the world largest PVC producer LG Chemical of Korea signed an LOI recently with Western China’s Xinjiang Tianye Group to jointly establish a 1.2 million ton PVC complex facility in next three years. LG Chemical owns a 0.35 million ton PVC plant in northern China’s Tianjin, and before the year of 2007, the company long had detailed plans to expand its Tianjin plant to 0.5 million ton and to build up another wholly-owned plant in Southern China’s Fujian province with a capacity of 0.43 million ton. What have made the company to abandon its well-prepared development plans and to embrace the new and far less certain deal? Obviously, the answer lies in coal-based PVC manufacturing process.

Momentive Performance Materials: A Notch above in Asian Silicone Monomer Market Strategy

August 20, 2007

Analysis of:Momentive Performance Materials and Zhejiang Xin’an Chemical form a joint venture | www.momentive.com

Sustained strong silicone demand growth has been triggering a powerful wave of silicone monomer investment in China. Compared to those keen and ambitious competitors, Momentive Performance Materials seems to be more steady. The company received Chinese government approval to create a 100 kt silicone monomer manufacturing joint venture in Zhejiang with  Zhejiang Xin’an Chemical Industrial Group Co., Ltd. Having made this latest strategic development, Momentive seemingly surpassed its competitors in an upcoming and inevitable white-hot competition.

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