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23 Aug 2007
GE, Mitsui Chemicals and Nagase Reach Agreement on their Japan Joint Ventures
TOKYO, Japan — August 23, 2007 — GE, Mitsui Chemicals, Inc. (MCI) and Nagase & Co., Ltd. (Nagase) announced today that they have reached the following agreement regarding their Japanese joint ventures GE Plastics Japan Ltd. (GEPJ) and GEM PC Ltd. (GEMPC).
GE Plastics Japan Ltd
GE has acquired the entire equity interests of MCI and Nagase in GEPJ thereby increasing its equity to 100%. Except for the closing of GEPJ's Chiba Facility located within MCI's Ichihara Works, there will be no change in GEPJ’s operations and GEPJ will continue to serve the GE Plastics’ Japan customer base as it has in the past.
Nagase will continue to serve the GE Plastics’ customers in Greater China and SEA as a sales representative and distributor.
GEM PC Ltd
GE has acquired the entire equity interests of Nagase in GEMPC thereby increasing its equity to 58%. GEMPC will continue to produce Lexan* resins as a joint venture between GE and MCI until March 31, 2008. GEMPC will then cease business operations and will be liquidated. GEPJ will supply Lexan polycarbonate from other GE Plastics’ polycarbonate manufacturing facilities located globally.
22 Aug 2007
Borouge to Invest In Automotive Market with New Compounding Facility In China
Borouge, a leading provider of innovative, value creating plastics solutions, today announced that it plans to develop a compounding facility in China for the manufacture of high performance polypropylene compounds for applications in the automotive and electrical appliance sectors.
Borouge, a leading provider of innovative, value creating plastics solutions, today announced that it plans to develop a compounding facility in China for the manufacture of high performance polypropylene compounds for applications in the automotive and electrical appliance sectors.
穆格(Moog)从2007年7月24日起，以来单生产方式在日本销售分辨率和控制精度更高的微型 “双增益”E024 伺服阀。该款伺服阀所提供的分辨率比常规高2.5倍，是由穆格公司位于英国提克斯布瑞的赛车设计中心的研发成果。今年多支F1一级方程式车队已使用此伺服阀，预计随着赛季的推进采用该款产品的车队将会越来越多。
August 10th, 2007— PPG Paints Trading (Shanghai) Co., Ltd. held 2007 Zhejiang SMC Forum at Sofitel Xanadu Resort Hangzhou. About 200 Senior Managers from Zhejiang Automotive After-Market attended meeting. The participants include 4S bodyshop general managers and service managers, International MM and Joint-Venture MM representatives, Officers of Zhejiang Communication Department.
PITTSBURGH– PPG Industries’ (NYSE:PPG) Chairman and Chief Executive Officer Charles E. Bunch today called upon industry and government to work together and provide necessary solutions to energy security and climate change issues. He also said a national climate change policy cannot precede a comprehensive solution to the country’s energy problems.