AsiaNet Daily Summary - June 28, 2007
WEYERHAEUSER FOCUS…
FEDERAL WAY: Weyerhaeuser Company has announced the signing of a letter of intent with Global Forest Partners LP (GFP) in a METALDYNE OPENS… SUZHOU: Metaldyne officially opened its plant in Suzhou, China, last week marking the first operation for the company in that country.
“This would be the largest investment in the history of our company,” said LANXESS Management Board Chairman Axel C. Heitmann during a visit to Singapore. In the next few months we will hold talks with possible host locations to determine the feasibility of the construction of a new plant. Should we decide upon a location, we will be able to bring the facility on stream in 2010.” LANXESS projects an investment of a magnitude of EUR 400 million. Negotiations at three possible sites, Singapore, Kuantan in Malaysia and Map Ta Phut in Thailand, will begin immediately. In the last several months, LANXESS has analyzed sites across Asia to assess their feasibility.