Путешествия по Европе Голосов: 2 Адрес блога: http://sempreprimo.blogspot.com/ Добавлен: 2008-08-17 13:20:58 блограйдером avanti

BMI: UAE Petrochemicals Report (Aug-11)

2011-09-12 15:08:00 (читать в оригинале)

The UAE petrochemicals industry continues to enjoy growth despite facing headwinds in China andEurope but will face an increasingly competitive market as Chinese capacities are ramped up, accordingto BMI?s latest USE Petrochemicals Report.Abu Dhabi-based petrochemicals producer Borealis reported a strong quarter in Q211, overcoming theslowdown in market growth that was set to continue through H211. Its net profit reached EUR168mn,bringing its total for H111 to EUR341mn, up 133.6% y-o-y. Q211 was impacted by continued highvolatility in feedstock prices, leading to lower profit by Borealis? polyolefins business compared to Q111and Q210. The base chemicals business continued the strong performance of Q111, driven by a highmargin environment, improving the results compared to Q210. It reported that its European markets werevolatile, particularly the construction sector. However, this was mitigated by strong growth experiencedby its customers in the automotive sector in Germany and China.The UAE?s petrochemicals sales could come under pressure from a moderation in Chinese demandgrowth. Most Chinese petrochemicals imports declined in June as monetary policy tightened and pricesrose. Power shortages have also contributed to the weakness in Chinese petrochemicals demand. Ofnotable concern for UAE exporters is the decline in PE and PP imports. HDPE imports fell 4% y-o-y to234,000 tonnes, LLDPE fell 3% to 147,000 tonnes and PP fell 12% to 268,000 tonnes. Meanwhile,China?s exports of most petrochemical products have been rising in the past months, supporting the viewthat domestic demand is weak, although the volume of shipments remained small compared to imports.The decline in Chinese imports and narrowing of the petrochemicals trade surplus is also related to anincrease in domestic capacities as the country strives to improve self-sufficiency. BMI has warned in thepast that the UAE will face an increasingly competitive Chinese market an

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Drake & Scull Water and Power wins AED75M Contract

2011-09-12 14:27:09 (читать в оригинале)

Drake & Scull Water and Power L.L.C, a wholly owned subsidiary of Drake & Scull International (DSI) PJSC, secured AED 75 million infrastructure contract for the Construction of a Sewerage project in Al Ain-UAE.

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Semiconductor Research Corporation Awards Seven Contracts

2011-09-12 14:20:00 (читать в оригинале)

Semiconductor Research Corporation (SRC), the world's leading university-research consortium for semiconductors and related technologies, announced seven research contracts to be awarded to four universities in the United Arab Emirates (UAE).

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NBAD issues 25 year private placement under its EMTN Programme

2011-09-12 14:16:25 (читать в оригинале)

The National Bank of Abu Dhabi printed a landmark 25 year private placement under its US$5billion Euro Medium Term Note (EMTN) Programme with Standard Chartered Bank acting as Sole Bookrunner.

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Hotpack Packaging to set-up AED100m unit in DIP

2011-09-12 14:11:04 (читать в оригинале)

Dubai Investments Park (DIP), the largest integrated business and residential community in the Middle East, has announced Hotpack Packaging Industries, a leading producer and wholesaler of quality disposable food packaging materials in the UAE, will set up a 30,000-square meter manufacturing facility at DIP.