LONDON and SHANGHAI, China, Aug. 15 /CNW/ - ICIS,
http://www.icis.com/Home/Default.aspx, the commodity market information
business of Reed Business Information UK Ltd, and CBI China Ltd,
http://www.cbichina.com/, China's domestic commodity market information
leader, have formed a joint venture to create China's most powerful commodity
market information company.
ICIS and CBI China have announced this week that they formed a joint
venture to deliver information on Chinese markets to a global audience
involved in or monitoring commodities in this region. At the same time, the
new company will offer global market intelligence to their Chinese customers.
As part of this joint venture RBI has taken an equity stake in CBI.
ICIS Publishing Director Christopher Flook said: "Chinese demand is
driving world commodity markets. We hope that ICIS-CBI can facilitate that
trade by delivering comprehensive international market data to local
companies, and unparalleled China market information to international players.
Our joint venture will encompass detailed coverage of oil products, gas and
over 200 petrochemical markets in both English and Chinese, by email, web and
"Similarly, Chinese customers are calling out for accurate and, above
all, trusted information on international commodity markets. We are delighted
to offer them the most reliable global market intelligence from ICIS, which
complements the information they have come to rely upon from CBI," added
Patrick Zhang, CBI China Chief Executive Officer.
The international supremacy of ICIS combined with CBI's leadership
position in domestic chemical and metals markets, creates China's most
powerful commodity market information company.
"The alliance bolsters ICIS' position as the world's leading provider of
market information on petrochemical markets", said Jim Muttram, RBI UK
Managing Director. "It also provides RBI with a fantastic base upon which we
can build our business in China".
Notes to Editors:
ICIS, the world's leading information provider for the chemical and oil
industry, is part of Reed Business Information (RBI), a division of Reed
Business and a member of Reed Elsevier plc (525), (UK:REL) (US:RUK) (NL:45443)
the world's leading publisher and information provider. For more information
on ICIS visit http://www.icis.com
CBI China is the largest comprehensive source for information on China's
major commodity markets and industries such as petrochemicals, steel, oil and
gas, non-ferrous metals, pulp and paper. With its experience and vast reach
throughout China, CBI has developed a unique information network and business
model for tracking commodity markets. For more information on CBI China visit
For further information:
For further information: Tim Haigh, ICIS, firstname.lastname@example.org, tel: