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Main page » 2009 » September » 28
China's robust chemical market could be a bubble about to burst


Separating the hard facts from the hype has never been harder in the Chinese market, which is either a huge speculative bubble, the lifeboat for the global chemical industry or anything in between

IT NEVER gets any easier trying to work out what's happening in China.

The country's economic rebound is sustainable and the global recovery is just around the corner, insist some ­industry sources.

Fears of an L-shaped recovery appeared to be receding as this feature went to press. Th ... Read more »

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Category: Analitics | Views: 2255 | Added by: iks | Date: 27.09.2009 | Comments (0)

This week's world news from ICIS Ceimical Bussines



HUNTSMAN SETTLES WITH BANKS FOR $1.73BN

US-based chemical firm Huntsman reached a $1.73bn (€1.25bn) cash and financing settlement with Deutsche Bank and Credit Suisse - the lenders in its doomed $10.6bn merger with Hexion Specialty Chemicals. Huntsman initially sought more than $4bn in damages against the lenders in a trial that began in a Texas state court. Huntsman will receive $620m in cash, $500m in senior secured term loan financing, $600m in unsecured note financing and $12m for the reimbursement of litigation costs. In its lawsuit against the lenders, Huntsman alleged that Hexion's offer was an inducement to dupe the company into rejecting an earlier ac ... Read more »
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Category: Parnters | Views: 2066 | Added by: iks | Date: 27.09.2009 | Comments (0)