BP’s Aromatics and Acetyls business consists of 15 sites across the world (5 in the Americas, 2 in Europe and 8 in Asia) as well as 10 leading joint ventures. INEOS announced its intention to purchase the global Aromatics and Acetyls businesses of BP for a consideration of $5 billion. Aromatics provide the building blocks … Read more
Indo Rama Synthetics (India) Limited, one of India’s major polyester manufacturer, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company reported a net loss of Rs 49.84 crores (-$6.6 million) for the quarter ended March 31, 2020 as compared to a net loss of Rs 169.33 crores … Read more
Reliance Industries Ltd said it is working to complete contours of a $15 billion deal with Saudi Aramco but did not give a timeline for its completion. In August last year, RIL ‘s Chairman & Managing Director, Mukesh Ambani, announced talks to sell 20% of the oil-to-chemical (O2C) business, which includes its twin oil refineries … Read more
Transpek Industry Ltd., a chemical manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit declined 19.6% to Rs 24.21 crores ($3.2 million) for the quarter ended March 31, 2020 as against Rs 30.12 crores ($4 million) during the prior-year quarter. Net … Read more
Alufluoride Ltd., a aluminum fluoride manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose 55.8% to Rs 2.29 crores ($0.3 million) for the period ended March 31, 2020 as against Rs 1.47 crores ($0.2 million) for the period ended March 31, … Read more
Khaitan Chemicals & Fertilizers Ltd., a chemicals and fertilizers manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose 1356.1% to Rs 5.97 crores ($0.79 million) for the period ended March 31, 2020 as against Rs 0.41 crores ($0.054 million) for the … Read more
India Glycols Ltd., a glycols manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit declined 33% to Rs 17.90 crores ($2.4 million) for the period ended March 31, 2020 as against Rs 26.72 crores ($3.6 million) during the prior-year quarter. Net … Read more
Balaji Amines Ltd., a leading manufacturer of Aliphatic Amines in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose 16.5% to Rs 30.81 crores ($4.1 million) for the period ended March 31, 2020 as against Rs 26.45 crores ($3.5 million) for the period ended … Read more
Sudarshan Chemical Industries Ltd., a pigments manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results For the quarter, the company has posted a net profit of Rs 27.30 crores ($3.6 million), a 3.8% increase as against Rs 25.81 crores ($3.4 million) during the prior-year quarter. Net … Read more
Vinati Organics Ltd., an Indian specialty chemicals manufacturer has reported its financial results for the period ended March 31, 2020. Q4 Results For the quarter, the company has posted a net profit of Rs 74.62 crores ($9.9 million), a 9.6% decline as against Rs 82.52 crores ($10.9 million) during the prior-year quarter. Net sales declined … Read more
Gujarat Alkalies & Chemicals Ltd., an Indian chlor-alkali manufacturer has reported its financial results for the period ended March 31, 2020. Q4 Results For the quarter, the company has posted a net profit of Rs 11.40 crores ($1.5 million), a 93.3% decline as against Rs 168.93 crores ($22.3 million) during the prior-year quarter. Net sales … Read more
HPCL (Hindustan Petroleum Corporation Limited), an Indian oil & gas marketing company has reported its financial results for the period ended March 31, 2020. Q4 Results For the quarter, the company has posted net loss of Rs (27.63) crores (-$3.6 million), a 101% decline as against net profit of Rs 3340.03 crores ($440.9 million) during … Read more
Sinopec, China’s state-owned refiner has started its 200,000 bpd (barrel per day) Zhanjiang refinery in the southern province of Guangdong. Operations began on 16th June at the refinery’s crude units and some secondary units, Sinopec said. Situated in coastal city of Zhanjiang, the refinery comprises a 200,000 bpd (barrel per day) crude oil refinery and … Read more
Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose by 705.5% to Rs 270.08 crores ($35.5 million) for the period ended March 31, 2020 as against Rs 33.53 crores ($4.4 million) for the period ended … Read more
Pidilite Industries Ltd., an adhesives and sealants manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 33.01% to Rs 157.53 crores ($20.7 million) for the period ended March 31, 2020 as against Rs 235.14 crores ($30.9 million) for the period … Read more
Hikal Ltd., an Indian chemicals manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit dropped by 26.6% to Rs 24.47 crores ($3.2 million) for the period ended March 31, 2020 as against Rs 33.34 crores ($4.4 million) for the period ended March 31, 2019. Net sales … Read more
Clariant Chemicals India Ltd., an Indian subsidiary of Clariant AG has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose by 93.33% to Rs 15.37 crores ($2 million) for the period ended March 31, 2020 as against Rs 7.95 crores ($1 million) for the period ended March … Read more
Thirumalai Chemicals Ltd., an Indian fine chemicals manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 86.29% to Rs 2.43 crores ($0.32 million) for the period ended March 31, 2020 as against Rs 17.73 crores ($2.3 million) for the period ended March 31, 2019. … Read more
Aramco has announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corp. (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion ($69.1 billion), equating to SAR 123.39 ($32.89) price per share. The acquisition enhances … Read more
Meghmani Organics Ltd., an Indian pigment and pesticides manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 22.79% to Rs 51.32 crores ($6.7 million) for the period ended March 31, 2020 as against Rs 66.47 ($8.7 million) crores for the period ended March 31, … Read more