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Thai National Petroleum Corporation (PTT) invests 300 million baht in component joint venture

Thailand’s largest conglomerate Thai National Petroleum (PTT) recently invested in a plant-based protein company to reduce its dependence on fossil fuels. The company invested 300 million baht (approximately US$9.6 million) and NR Instant Produce to form a joint venture company to extract protein from spinach fruit. It plans to start commercial operations by the end of 2022. PTT said that non-traditional businesses will account for one-fifth of PTT revenue within 10 years.

2021

06/09

The world's largest bicycle manufacturer is considering restructuring the supply chain

Global Silicone Network News: Due to delayed delivery of parts, some of the world's largest bicycle manufacturers are considering restructuring their supply chains. Many manufacturers claim that the current delivery time is the longest in decades. The problem of parts supply has exacerbated the global bicycle shortage that started last year. Bicycle manufacturers that rely heavily on Shimano of Japan have said that the time from placing an order to delivering a series of high-end parts produced by the factory has been extended to 400 days; on the other hand, the epidemic has caused a surge in demand for bicycles. Japan’s Shimano controls 65% of the high-end market for bicycle transmissions and brakes.

2021

06/02

Sony Group will make a big push to automate its TV production base in Malaysia

Sony Group will substantially promote factory automation in Malaysia, the main base of the TV business. It intends to strengthen the competitiveness of the business system from product design to the promotion of integrated production, and plans to reduce production costs by 70% by 2023 compared to 2018. Sony will close its audio equipment factory in Penang, Malaysia by September and concentrate production on the TV factory. After the merger, the production line of audio equipment will also be automated. Sony will establish automation technology in Malaysia and discuss its promotion to production bases in other regions.

2021

05/31

Global sales of silicone products increased by 31% year-on-year

Wal-Mart (WalMart) announced the first quarter of 2021 financial results. The quarterly total revenue was US$138.31 billion, a year-on-year increase of 2.7%; the net profit attributable to the parent was US$2.73 billion, a year-on-year decrease of 31.6%. Same-store sales in the US increased by 6% year-on-year, and e-commerce sales increased by 37% year-on-year. Same-store sales at Sam's Club increased by 7.2%, and its e-commerce sales increased by 47%; membership income increased by 12.7%, and the total number of members hit a record high. Wal-Mart International’s net sales were US$27.3 billion, a year-on-year decrease of 8.3%. Its e-commerce sales increased by 49% year-on-year, and its global sales of silicone products increased by 31% year-on-year.

2021

05/19

In the first quarter, the world’s top five tablet manufacturers shipped a total of 39.9 million units

News from IDC: In the first quarter, the world's top five tablet PC manufacturers shipped a total of 39.9 million units, an increase of 55.2% year-on-year, close to the high-scale growth of 56.9% year-on-year in the third quarter of 2013. In the first quarter, China’s tablet computer market shipped approximately 6.25 million units, a year-on-year increase of 67.6%, the highest year-on-year growth rate in a single quarter since the second quarter of 2013. At the same time, it achieved a quarterly growth of 1.8% in the traditional off-season, which brought a variety of silicone products. Leather cases are selling well.

2021

05/15

The prices of chemical raw materials and products in April rose 17.5% year-on-year and 2.1% month-on-month

Global Silicone Network News: On May 11, data released by the National Bureau of Statistics showed that in April 2021, the factory price of industrial producers nationwide increased by 6.8% year-on-year and 0.9% month-on-month; the purchase price of industrial producers increased by 9.0 year-on-year. %, up 1.3% month-on-month. On average from January to April, the ex-factory prices for industrial producers rose by 3.3% over the same period last year, and the purchasing prices for industrial producers rose by 4.3%. Among them, the prices of chemical raw materials and chemical products manufacturing increased by 17.5% year-on-year and 2.1% month-on-month. In general, with the steady recovery of domestic consumer demand and industrial production in April, the prices of international bulk commodities such as iron ore and non-ferrous metals rose, and prices in the production sector continued to rise.

2021

05/13

Silicone giants create a "Face value economy"

In the past five years, China’s beauty and skin care market has continued to grow. In 2019, the total retail sales approached 300 billion yuan. In 2018, the consumer market share ranked second in the world. The domestic beauty and skin care market has huge demand potential, thanks to The high-quality development of the domestic economy and the upgrading of national consumer demand have promoted the rise of the "face value economy"; unlike the international cosmetics and skin care products market, my country's skin care products account for a relatively high proportion, reflecting the strong consumer demand for good skin conditions. Silicone products have been used in skin care products for more than 50 years, and their excellent texture has been recognized by the industry. Silicone products are refreshing, easy to apply, lubricating, waterproof, and have multiple functions in personal care products: they can strengthen the appearance of skin and hair; form a protective film to make the product more durable and washable; improve use and after use Skin feel; and can provide a unique texture; protect and strengthen the hair; deliver actives and improve efficacy. Nowadays, silicones have been widely used in hundreds of categories such as creams, creams, honey, perfumes, hair wax, hair conditioners, lipsticks, eye shadows, nail polishes, sunscreens, etc. They are an indispensable "weight" in the cosmetics industry. Grade" raw materials. International silicone giants such as Dow, Elkem, Shin-Etsu, Momentive and others have deployed in the field of personal care to create a "face value economy" belonging to silicone.

2021

05/12

Groundbreaking environmentally friendly silicone production technology will be launched at Wacker Chemie

From Wacker Chemie news, on May 7, the Munich-based Wacker Chemie Group stated that it is now applying its pioneering environmentally friendly silicone production technology to release coating products. WACKER’s DEHESIVE® eco series of silicone release agents are produced entirely using non-petrochemical methanol from renewable raw materials, which can effectively save resources. WACKER is currently the only manufacturer that can provide non-petrochemical silicone release agents for label and film coating manufacturers. The WACKER Group uses plant-based and petrochemical methanol to produce organic silicon, and can calculate the amount and proportion of non-petrochemical methanol in the corresponding product series. The method used is similar to the German green power certification system. DEHESIVE® eco series products are also produced according to this biomass balance method. The production process completely uses certified non-petrochemical methanol based on straw or grass clippings to replace petrochemical methanol. Now that the market is paying more and more attention to climate protection and sustainable development, WACKER's environmentally friendly silicone products will win customers a key competitive advantage.

2021

05/11

Dow Chemical expects operating rate to rise sharply in the second half of 2021

The CEO of Dow said a few days ago that Dow Chemical expects its factories to be in a "strong operating rate range" for the remainder of 2021. However, as the economy recovers from the new crown pneumonia pandemic, demand continues to increase. Will make supply tight. He said on the conference call: "I think we may not increase our inventory until the end of the fourth quarter, and it all depends on whether our performance in the fourth quarter is sluggish. There will be demand in the automotive market, tourism market, construction and residential markets Rising, the home appliance market demand is backlogged, and the delivery time is long. Everything is pointing in the direction of a high operating rate." Dow’s 2021 financial report shows that net sales were US$11.9 billion, an increase of 22% from the same period last year, mainly due to the increase in local prices in all operating segments, business units and regions. Net sales increased by 11% month-on-month, and all sectors and regions achieved growth. Local prices increased by 19% year-on-year, mainly due to price increases in all operating sectors. The increase in prices of all operating segments, business units and regions contributed to a 14% increase in overall prices from the previous month.

2021

05/07

German chemical giant BASF's first quarter performance soars

German chemical giant BASF Group said on April 29 that in the first quarter of 2021, the group's sales reached 19.4 billion euros, up more than 2.6 billion euros from the same period last year.Earnings before interest and tax rose 42 per cent from a year earlier to €2.3bn. BASF said in a statement that it raised its full-year targets to between 68 billion euros and 71 billion euros in sales and between 5 billion euros and 5.8 billion euros in earnings before interest and tax on the back of a strong first-quarter profit. Martin Brudermuller, chairman of the executive board of BASF Europe, said he was optimistic about BASF's profitability over the next few years, particularly as an expanded market share in China and the development of its battery materials business will drive overall growth. However, BASF also said that the COVID-19 is still not over and the outlook for the world economy faces many uncertainties, especially the risk of disruption to the global supply chain that could hurt the growth of the chemical industry. BASF, the world's largest chemical company, is expected to soon return to pre-epidemic profitability levels, according to an analysis by German newspaper Handelsblatt.The media outlet said that in the next few years, the global growth of chemicals demand will mainly come from China, so BASF is accelerating the layout in China, including the construction of a production base in Zhanjiang, Guangdong Province, to share in China's growth dividend.

2021

05/06

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derekcheng@jglsilicone.com 86-592-5536328

5th Floor, Building A, No. 388 Houkeng Houshe, Huli District, Xiamen 361015 China.

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