1. Nippon Mining Holdings Inc., Japan's biggest copper smelter and an oil refiner, may build a petrochemical plant in the country to produce the raw material used to make polyester for export to China. (China's economy expanded 11.1 percent in the first quarter of this year, spurring demand for plastics and polyester.)
2. It aims to increase investments in petrochemicals to offset slower gains in oil refining profits.
3. It plans to spend about 180 billion yen in the three years through March 2010, expanding chemicals and copper production.
4. It is conducting a feasibility study for a 100 billion yen production facility with an output about 150,000 metric tons of copper for the Caserones copper deposit in northern Chile
5. It will not bid at auctions for Peruvian copper deposits, citing several uncertainties
Revenue comes from growing markets and growing sectors, not from realms of uncertainties.
[Click here for full story at: BLOOMBERG.COM]
Showing posts with label CHEMICALS. Show all posts
Showing posts with label CHEMICALS. Show all posts
Tuesday, June 5, 2007
Thursday, May 24, 2007
REVENUE STRATEGY - SABIC
Saudi Basic Industries Corporation (SABIC), one of the world's largest petrochemical firms, will purchase General Electric’s plastics arm to:
1. Combine SABIC's low-cost materials position and global reach with GE’s strong marketing and technology capabilities and
2. Gain access to 30,000 new customers across a range of different markets.
One man's meat is another man's poison or something nearly akin.
[Click here for full story at: BBCNEWS.COM]
1. Combine SABIC's low-cost materials position and global reach with GE’s strong marketing and technology capabilities and
2. Gain access to 30,000 new customers across a range of different markets.
One man's meat is another man's poison or something nearly akin.
[Click here for full story at: BBCNEWS.COM]
EXPENDITURE STRATEGY - GENERAL ELECTRIC
1. General Electric will sell its plastics arm, which supplies plastic resins to the automotive, electronics, packaging and construction sectors, generating annual sales of about $6.6bn to a leading Saudi Arabian firm for $11.6bn (£5.8bn) to boost GE's long-term growth prospects
2. It has offloaded a number of manufacturing units to focus on faster-growing areas.
3. More than 10,000 GE staff will transfer to the Saudi firm once the deal is completed.
4. GE will spend the proceeds of the deal on increasing the amount of shares it is currently buying back to up to $8bn, as well as funding further restructuring of the business.
It all depends on how long it will take the faster growing businesses to generate more profit than the offloaded businesses.
[Click here for full story at: BBCNEWS.COM]
2. It has offloaded a number of manufacturing units to focus on faster-growing areas.
3. More than 10,000 GE staff will transfer to the Saudi firm once the deal is completed.
4. GE will spend the proceeds of the deal on increasing the amount of shares it is currently buying back to up to $8bn, as well as funding further restructuring of the business.
It all depends on how long it will take the faster growing businesses to generate more profit than the offloaded businesses.
[Click here for full story at: BBCNEWS.COM]
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