HANGZHOU, China, July 21, 2026 /PRNewswire/ — A news report from Shenzhen Panorama Network:

On July 16, Chinese chemical materials giant Rongsheng Petrochemical (002493.SZ) announced that the Company and its wholly owned subsidiary Rongsheng New Materials signed with Saudi Basic Industries Corporation (SABIC) a Project Development Agreement Regarding the New Project, under which the parties will carry out in-depth cooperation on the Jintang New Materials Project.

Under the agreement, Rongsheng Petrochemical and SABIC are evaluating a potential equity investment by SABIC of no less than 30% and no more than 50% in Rongsheng New Materials, which may position the project as a strategic collaboration between two leading global petrochemical companies. The agreement also establishes a cooperation framework for subsequent project development activities and lays the foundation for the parties to advance towards a potential final investment decision (FID).

Both parties to the collaboration bring strong capabilities. Saudi Basic Industries Corporation (SABIC) is a world-renowned diversified chemical company. Its specialty materials business represents a core part of its technology portfolio, with a product matrix covering high-performance materials such as polycarbonate (LEXAN™), polyphenylene ether (NORYL™), and engineering thermoplastics (LNP™). These materials offer excellent heat resistance, chemical resistance and mechanical performance, and are widely used in high-end markets including electrical and electronics, automotive lightweighting, and healthcare.

Rongsheng Petrochemical is a global leading company in chemical materials, operating the world’s largest integrated refining and petrochemical project, with total chemical production capacity exceeding 60 million tonnes. The Company is a major global producer of polyester, engineering plastics, polyolefins, rubber and new energy materials. The Company’s PX and PTA capacities rank first worldwide, while its capacities for core products including PE, PP, PET, EVA, ABS, PC and rubber have long ranked among the highest in the world.

As a key step in extending Rongsheng Petrochemical’s industrial chain, the Jintang New Materials Project focuses on new materials segments such as high-performance resins, biodegradable plastics, specialty polyesters and high-end fibers. The project is designed to strengthen the independent supply capability of advanced chemical materials and precisely meet the growing demand from key downstream industries in China and Asia, including new energy, electrical and electronics, and high-end packaging. Through this powerful collaboration, the project is expected to fully integrate Rongsheng Petrochemical’s advantages in integrated industrial-chain operations with SABIC’s technological expertise and mature customer network in advanced materials, accelerating the creation of a world-class benchmark in the new materials industry.

Rongsheng Petrochemical and SABIC both expressed high expectations for the project. Mr. Xiang Jiongjiong, General Manager of Rongsheng Petrochemical, said: “The collaboration represents a landmark partnership and a model of win-win cooperation between Rongsheng Petrochemical and SABIC. This partnership is a flagship outcome of two industry leaders complementing their strengths and robust capabilities to jointly research, develop and operate in advanced chemical materials. Against the backdrop of today’s complex market conditions, our alliance also serves as a critical stabilizing anchor for the chemical sector, enabling us to deliver more valuable and comprehensive product solutions to our customers.”

SABIC’s potential strategic equity investment would not only bring incremental support to Rongsheng Petrochemical in terms of capital and technology, but also introduce SABIC’s technological expertise and industrialization experience in high-end new materials, helping Rongsheng Petrochemical rapidly enhance its advanced materials R&D capabilities and shorten the introduction cycle for high-end products. Meanwhile, SABIC’s mature global customer network and international brand endorsement are expected to further integrate Rongsheng Petrochemical into the international petrochemical value chain, accelerate the introduction of the Company’s new materials products such as high-performance resins, specialty polyesters and high-end fibers into high-end markets, and further consolidate Rongsheng Petrochemical’s global leading position.

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SOURCE Shenzhen Panorama Network

CU Student of MBA Digital Marketing, Tanish Sharma, Inspired by PM Modi’s ‘Vocal for Local’ Initiative

CHANDIGARH, India, July 21, 2026 /PRNewswire/ — A student of MBA Digital Marketing at Chandigarh University, Tanish Sharma has founded an e-commerce platform, ‘The Banjara’ (https://thebanjara.in/), connecting traditional artisans across 28 states of India to preserve heritage crafts and empower rural communities by bringing authentic Indian craftsmanship to buyers in modern markets.

Inspired by Prime Minister Narendra Modi’s ‘Vocal for Local initiative, ‘The Banjara’ is selling more than 250 products of over 40 traditional artisans from 18 states including J&K, Himachal Pradesh, Punjab, Haryana, Uttarakhand, Rajasthan, Maharashtra, Gujarat, Bihar, Madhya Pradesh, Odisha, Tamil Nadu, West Bengal, Jharkhand, Andhra Pradesh, Uttar Pradesh, Kerala and Karnataka.

“From Punjab’s most celebrated craft Phulkari to Jharkhand’s Sohrai and Khovar wall paintings, Andhra Pradesh’s Kondapalli wooden toys, Bihar’s Madhubani paintings, Gujarat’s tie-dye Bandhani fabrics, Himachal Pradesh’s Kinnauri shawls, Kashmir’s hand-knotted carpets, Karnataka’s gold-zari Mysore silk, Kerala’s mural paintings, Madhya Pradesh’s Chanderi and Maheshwari silks, Maharashtra’s Paithani silk sarees, Odisha’s Pattachitra scroll paintings, Rajasthan’s Blue Pottery, Tamil Nadu’s Kanjivaram silk sarees and Uttar Pradesh’s Banarasi sarees, our each product is thoughtfully handcrafted with skill, care, and cultural depth a true testament to India’s artistic legacy and timeless design sensibilities,” said Tanish, Founder, The Banjara.

“India is one of the richest countries in the world — not in money, but in culture, craft, and tradition. But the people who create that heritage often struggle the most. The purpose of our platform ‘The Banjara’ is to revive, preserve and celebrate India’s rich craft heritage. Our Mission is to keep centuries-old traditions alive and preserving traditional handicrafts from all 28 states of India. The Banjara will serve as a platform where artisans gain recognition and a brand that makes culture profitable because culture shouldn’t just be preserved in museums. It should be worn, used, gifted, and celebrated,” he added.

Tanish said while running his travel venture during college, he used to meet incredibly skilled artisans in villages, local markets, and craft clusters who had been practicing their craft for generations. “But those artisans were selling their work to middlemen for almost nothing. At the same time, I saw urban customers paying huge prices for ‘ethnic’ products in fancy stores. That gap bothered me. Not because it was unfair, but because it was avoidable. That’s when I decided to build The Banjara — a platform that connects the makers directly with the buyers and help them get fair value for their products,” he said.

“We work directly with artisans and local vendors. Every purchase supports fair wages, sustainable livelihoods and the revival of disappearing art forms making our customers an active part of India’s cultural preservation movement. Through dedicated state chapters, we showcase the unique traditions, craftsmanship, and cultural stories of each Indian state. Our business model works in two ways. First like any e-commerce platform, we make available products of artisans at their market price of which 65 % goes to the artisans and 35 % to The Banjara which covers operational cost of onboarding products of artisans by our team members because most artisans need help to list their products and profit. Working directly with artisans and local vendors, we add design thinking, packaging, storytelling and digital reach to each product. At present, we are onboarding first 100 artisans without a charge. But we are also working on a second model in which artisans will be able to list their products on The Banjara with a monthly subscription of Rs 399. We are selling all products at prices less than all our competitors in India. We are selling products ranging from Rs 500 to Rs 1.50 lakh. We intend to deliver our products in the foreign markets also and have applied for the license to export.”

“The MBA in Digital Marketing from Chandigarh University has equipped me with the knowledge and practical skills needed to excel in this dynamic field. This specialized Industry-oriented course has helped me in implementing a combination of strategies and tools in the fields of Social Media Marketing, E-mail marketing, and PPC advertising, Search Engine Optimization, Web development, Public relations and more. Pursuing this program at Chandigarh University has helped me in strategising entrepreneurial marketing challenges and provide a streamlined pathway to bring recognition and promote their sales and growth in the digital world,” Tanish said.

Congratulating Tanish Sharma on his entrepreneurial journey and extending best wishes for the success of his startup, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University, said, “Chandigarh University’s promotes the culture of creating the jobs by nurturing entrepreneurship skills among students. The industry-collaborated and futuristic program of the Apex Institute of Management at Chandigarh University are meticulously designed to equip students with the latest industry insights, practical skills, and hands-on experiences, ensuring they are well-prepared to tackle the challenges of the modern business landscape.”

“Besides offering globally benchmarked curriculum co-created with industry giants like IBM, SAS, NSE, CII, SBI, Tally, Moody’s and AON, cutting-edge research chances, and world-class industry integration, Chandigarh University’s student-centric 360° approach with its holistic model combining inclusivity, leadership development, industrial visits, SDG mapping, international benchmarking and start-up incubation to prepare students for global careers. Our students learn from acclaimed academicians and industry leaders to gain global perspective and real industry expertise. International live projects, internships, and specialized workshops build critical thinking, creativity, and strategic decision-making skills to solve real problems. CU’s Advanced labs like IBM Lab, NSE N-Smart Lab, Digital Marketing Lab, and SAS Lab offer hands-on experience with the latest tools to prepare students for modern tech and business environments. Our well-connected alumni network supports students through mentorship, career guidance, and networking, giving them access to professionals across industries,” Sandhu added.

About Chandigarh University

Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

Website address: https://www.cuchd.in/

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From UT Austin McCombs MBA to TRIUM Global EMBA — global MBA programs continue to visit MegazoneCloud

Senior executives from businesses across some 20 countries visit MegazoneCloud to see its AI and cloud innovation firsthand

SEOUL, South Korea, July 21, 2026 /PRNewswire/ — MegazoneCloud (CEO Dong-Hoon Yeom), a leading AI and cloud company, hosted a delegation of 47 students, faculty and staff from the prestigious TRIUM Global Executive MBA Program at its Industry-Academia Research Center in Gwacheon, Gyeonggi Province. Arranged as part of the TRIUM Global EMBA’s Seoul Module, the visit allowed MegazoneCloud to showcase its enterprise AI orchestrator strategy to 41 executive students from the Class of 2027. The TRIUM Global EMBA is an elite program jointly operated by the NYU Stern School of Business, the London School of Economics and Political Science (LSE), and HEC Paris.

During the visit, MegazoneCloud introduced its growth story as the first company in Korea’s cloud industry to reach unicorn status, along with its business model, and shared its strategy as an enterprise AI orchestrator that designs and implements end-to-end AI transformation for businesses. The company also presented AI and digital transformation case studies from major Korean enterprises, as well as its sovereign AI full-stack strategy.

MegazoneCloud also held a Q&A and networking session with the participants and conducted an office tour introducing its smart office environment, including its Integrated Control Center and robotics utilization spaces.

Doug Yeom, CEO of MegazoneCloud, said, “It is deeply meaningful that business leaders shaping the global market came to see Korea’s AI and cloud innovation in person,” adding, “As an enterprise AI orchestrator that designs and implements AI transformation for businesses, MegazoneCloud will continue to expand its engagement with the global business education community.”

Professor Sonia Marciano, an Academic Director for TRIUM at the NYU Stern School of Business, said, “During this visit, we saw how MegazoneCloud empowers organizations to transform ambition into action, innovation into impact, and today’s challenges into tomorrow’s opportunities,” adding, “This visit allowed our participants to examine cloud-to-AI enterprise transformation strategies from a real-world business perspective and will serve as a practical reference for our EMBA participants as they pursue AI adoption strategies within their own organizations.”

The TRIUM Global EMBA is an executive education program jointly operated by three institutions: the London School of Economics and Political Science (LSE), NYU Stern School of Business, and HEC Paris. It has consistently ranked among the top programs in the annual Global EMBA rankings published by the Financial Times (FT), placing sixth last year.

Earlier, in March, MegazoneCloud shared its strategy for the industrial application of quantum technology with 33 students from the University of Texas at Austin McCombs MBA program.

MegazoneCloud is a leading AI and cloud-native company with over 2,000 cloud and AI technology experts, serving as a digital transformation (DX) partner to more than 8,000 customers in Korea and abroad. Building on strategic partnerships with major global and domestic cloud service providers (CSPs), the company supports customer innovation and growth through over 200 ISV partners and its own cloud, AI, and security solutions. Under its vision of “Transform Tomorrow, Together,” MegazoneCloud brings together technology, data, and the passion of its people to build customers’ future competitiveness. The company operates local subsidiaries in 10 countries — including Korea, North America, Japan, Southeast Asia, Oceania, and the Middle East — growing alongside its customers as a global partner.

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SOURCE MegazoneCloud