Business Development Asia LLC
South East Asian Chemical News
Issue 9, OCTOBER 1998
SINGAPORE
Eastman Chemical Co is in the final stages of construction on its oxo-complex on Sakra Island. The facility will have a 150,000 tpa capacity for oxoaldehyde. Eastman expects the commencement of production at the facility to greatly improve is position in the Asian market for oxo-derivatives and specialty chemicals for the coating industry. (September 15th 1998)
Rinol AG, the German industrial flooring and coatings company, announced that it will use its recent Singaporean acquisition as a platform to aggressively enter the Asian market. In August, Rinol acquired a 60% stake in Sky Asia, a regional leader in flooring materials. Sky Asia had revenues of about US$5m in 1997. (September 17th 1998)
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