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Name: Savannah Momo
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Chemical manufacturers

Posted by Savannah Momo on Sunday, May 24, 2009 11:52:50 PM

Chemical companies will increase their capital spending 8.6% to nearly $8.8 billion, according to an early February survey of 17 companies by Chemical & Engineering News. For 2007, C&EN reports that the actual capital spending of the 18 companies surveyed increased by 13.2% to $8.1 billion. These companies include Dawnrays Pharmaceutical (Holdings) Ltd., Suzhou Time-chem Technologies, Nanjing Source Chemical Co., Ltd., and so on. Survey results from 14 companies indicate R&D spending will grow 6.0% to $2.8 billion in 2008. The budgets for 2008 indicate that 71.5% of funds will go towards capital projects and 28.5% towards R&D. The American Chemistry Council (ACC) anticipates that 2008 capital spending for basic and specialty chemical companies will increase by 6.3% and R&D spending will increase by 4.4%. The ACC also reports that over the long term, its members will reduce the US share of their total capital spending budgets from 62% in 2006 to 48% in 2011. The Synthetic Organic Chemical Manufacturers also released a survey of its members, with 75% reporting that they would increase their R&D investment between 2% and 10%, with the mean investment being 8.6% of sales. Of those surveyed, 38% claimed that they are very likely or somewhat likely to increase their capital spending for 2008, with a mean investment of 10.8% of sales.

Tags: Chemicals

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Time-Chem and economic crisis in 2009

Posted by Savannah Momo on Monday, May 11, 2009 5:32:01 AM

With an accelerated development of global chemical industry, China’s chemical industry, as an important element of the global industry, also enjoys a rapid development – Since 2008, with the fast growth of domestic economy, the importance of chemical industry becomes more and more apparent. We should, however, still be fully aware that by the year of 2009, the impact of global financial crisis on China will inevitably be intensified as a result of China’s integration with the global economy. Chemical will be the most seriously affected industry as one of the leading industries in the crisis. However In China, we all know Chinese people will usually change difficulties to motivation. Especially, Suzhou Time-Chem Technologies Co.,Ltd continues being focused on improving products’ quality, strengthening R&D, developing good corporate culture, and maintaining the best team spirit. Every employee is full of confidence to pursue a common development with the company well in 2009, a specific year.