SINGAPORE (March 2, 1:15 p.m. ET) &— Sunningdale Tech Ltd. recorded a net loss of S$11.42m (US$9.13 million) last year, citing challenges of managing production costs while bearing price pressure from customers. Overall 2011 was a challenging year with tremendous pressure on margins from price pressure from customers and rising labor costs in China.
BANGKOK (Feb. 23, 12:50 p.m. ET) &— Indorama Ventures Public Co. Ltd. said it sustained high performance in 2011 despite challenges, thanks to the addition of key specialty products to its portfolio. The PET and polyester supplier& acquired Wellman International in 2011, making it the largest recycler in Europe.