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SIBU (July 11): Sibu Gao Yang Xu Association will hold a trip on Oct 22-30, 2023 to seek the Cultural and Ancestral Roots of Xu surname in Henan, China. The trip is part of activities held in connection with its 45th anniversary next year. Event organising chairperson Monica Hii said like prev
China's investment in the petrochemicals industry is leading to excess capacity and falling profit margins for the industry as a whole, as a slower-than-expected rebound in demand means oversupply of materials that go into plastic-making such as ethylene and propylene is on the horizon. The construction of more than 20 petrochemical projects in China, set to be completed this year, will increase China's already significant market share of global manufacturing capacity to nearly a quarter by the end of 2020.
(Bloomberg) -- Once touted as a key driver of global oil profits, the plastics industry is staring down years of anemic margins as giant plants in China look set to send a deluge of production into the market. Most Read from BloombergWall Street Soothsayers Are Bewildered About What’s NextYellen Had Candid Five-Hour Meeting With China’s He, US SaysAnt to Buy Back Shares at 70% Lower Valuation Than at IPOCEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish StartupMacron Is Trying to Get Back
Once touted as a key driver of global oil profits, the plastics industry is staring down years of anaemic margins as giant plants in China look set to send a deluge of production into the market.
Business opportunities await participants and exhibitors at the first Philippine Furniture Furnishings Market (PFFM) set on July 5 to 7, at the SMX Convention