Misubishi Heavy Industries will establish a new subsidiary to handle the industrial machinery business, including material handling systems and rubber and tire machinery, effective April 1, 2012. SEE MORE LONDON (Commodity Online): A weakening outlook for Europe and concerns about whether China will continue to engineer a soft landing are denting market sentiment, said Barclays Capital in a research note. SEE MORE Indian Industry Sector has shown a phenomenal performance over past few years. Creating innovative end-use applications will result in high market penetration, giving fillip to developing newer applications and new products would bring in new volumes. Growth of the Indian entrepreneurs will depend upon the way they can innovate the products. SEE MORE LONDON (ICIS)--Sasol has entered into discussions to potentially divest its stake in its Iran-based joint venture Arya Sasol Polymers, the South African coal to oil and chemicals producer said on Wednesday. SEE MORE Capital spending by the chemical industry is on the rebound as per global engineering and construction (E&C) companies. Projects are in progress in Asia and the Middle East, as well as in USA, where shale-gas exploitation has changed the economics of production. SEE MORE