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MIDDLE EAST & ASIA CHEMICAL PROCESSING INDUSTRY BRIEFS

JOHANNESBURG--September 2, 2008--Researched by Industrial Info Resources--In the second quarter of 2008 Malaysia's Titan Chemicals Corporation (KUL:TITAN) (Damansara) turned an after-tax profit of over $61 million on $1.1 billion of revenues. In the face of weak demand, Japan's Mitsubishi Chemical Corporation (Tokyo) is planning to reduce naphtha production levels in September by shuttering three crackers through to the second half of December. South Korea's S-Oil Corporation (SEO:010950) (Seoul) has awarded a $1 billion contract to Samsung Engineering for the expansion of the petrochemical plant at its Onsan refinery. South Korea's S-Oil Corporation (SEO:010950) (Seoul) has awarded a $1 billion contract to Samsung Engineering Company Limited (SEO:028050) (Seoul) for the expansion of the petrochemical plant at its Onsan refinery. Kazakhstan Petrochemical Industries AO (KAS:ATOL)(Almaty, Kazakhstan) has selected LyondellBasell Industries (Rotterdam, The Netherlands) to supply technology for a new petrochemical complex.

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Industry Segment: Chemical Processing
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