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Asian Firms May Invest $5 Billion in Cracker
2015-04-23 12:22:09| Food - Topix.net
As a firm already capable of producing 8.8 million tons worth of petrochemical products per year, Thailand's PTT Global Chemical may increase annual capacity by 1 million tons if it proceeds to crack ethane at the site now home to FirstEnergy's R.E. Burger plant in Belmont County. PTT Global and its Japanese partner, Marubeni Corp., on Wednesday joined Ohio and Belmont County officials to confirm intentions to build a $5 billion ethane cracker.
Tags: asian
firms
billion
invest
Asian Firms May Invest $5 Billion in Cracker
2015-04-23 10:15:41| Grocery - Topix.net
As a firm already capable of producing 8.8 million tons worth of petrochemical products per year, Thailand's PTT Global Chemical may increase annual capacity by 1 million tons if it proceeds to crack ethane at the site now home to FirstEnergy's R.E. Burger plant in Belmont County. PTT Global and its Japanese partner, Marubeni Corp., on Wednesday joined Ohio and Belmont County officials to confirm intentions to build a $5 billion ethane cracker.
Tags: asian
firms
billion
invest
Asian Firms May Invest $5 Billion in Cracker
2015-04-23 10:10:41| Chemicals - Topix.net
As a firm already capable of producing 8.8 million tons worth of petrochemical products per year, Thailand's PTT Global Chemical may increase annual capacity by 1 million tons if it proceeds to crack ethane at the site now home to FirstEnergy's R.E. Burger plant in Belmont County. PTT Global and its Japanese partner, Marubeni Corp., on Wednesday joined Ohio and Belmont County officials to confirm intentions to build a $5 billion ethane cracker.
Tags: asian
firms
billion
invest
Arris to acquire Pace for USD 2.1 billion
2015-04-23 02:52:00| Telecompaper Headlines
(Telecompaper) Arris and Pace jointly announced that they have agreed that Arris will acquire Pace for a total stock and cash consideration of USD 2.1 billion. The transaction will result in the formation of New Arris, which will be incorporated in the UK, and its operational and worldwide headquarters will be in Suwanee, Georgia. New Arris is expected to be listed on the Nasdaq stock exchange under the ticker ARRS. Each current share of Arris will be exchanged for one share in New Arris. Under the terms of the agreement, Pace shareholders will receive GBP 1.325 of cash and 0.1455 New Arris shares for each Pace share. The cash portion will be funded through a combination of cash and debt. Arris has secured a fully committed facility from Bank of America Merrill Lynch to meet the funding requirements. The proposed transaction has been approved by the respective Boards of Directors of Arris and Pace and is expected to close in late 2015. Arris Chairman and CEO, Bob Stanzione will be New Arris Chairman and CEO.
Tags: usd
billion
pace
acquire
Samsung Elec to plough US$9 billion more into South Korea chip plant - MoneyToday
2015-04-23 02:44:34| Semiconductors - Topix.net
Samsung Electronics Co Ltd plans to invest at least another 10 trillion won to boost capacity at a new South Korean chip plant, news service MoneyToday reported on Thursday without citing sources. People are silhouetted as they pose with mobile devices in front of a screen projected with a Samsung logo, in this picture illustration taken in Zenica October 29, 2014.
Tags: south
korea
samsung
plant
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