Vinyl Chemicals India Ltd., an Indian VAM (vinyl acetate monomer) manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 93.07% to Rs 0.25 crore ($0.03 million) for the period ended March 31, 2020 as against Rs 3.61 crores ($0.47 million) for the period ended … Read more
Mitsui Prime Advanced Compounds Europe, a joint venture between Mitsui Chemicals (75%), Mitsui & Co. (15%) and Prime Polymer Co. (10%), has commissioned its first polypropylene (PP) compounding plant in Europe. Located within Chemelot Industrial Park in the Netherlands, Advanced Compounds Europe marks Mitsui Chemicals Group’s first polypropylene (PP) compounding site in Europe. The facility … Read more
LG Chem announced on June 10 that it has recently signed a conditional contract with China’s chemical materials company Shanshan to transfer its LCD polarizer business for US$1.1 billion. LG Chem said that some product groups such as LCD polarizers for automobiles will be excluded from this sale as they are still lucrative. “We are … Read more
Nitta Gelatin India Ltd, an Indian gelatin manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company has posted net loss of Rs (1.08) crores (-$0.14 million) for the period ended March 31, 2020 as against net profit of Rs 1.18 crores ($0.16 million) for the period ended March … Read more
Rashtriya Chemicals & Fertilizers Ltd., an Indian government-owned chemicals & fertilizers manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit increased 201.91% to Rs 142.38 crores ($18.7 million) for the period ended March 31, 2020 as against net profit of Rs 47.16 crores ($6.2 million) for … Read more
Ishan Dyes & Chemicals Ltd, an Indian dye & dyestuff manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit increased 345.54% to Rs 2.75 crores ($0.36 million) for the period ended March 31, 2020 as against Rs (1.12) crores (-$0.15 million) for the period ended March … Read more
DCM Shriram Limited, an Indian Chloralkali and PVC manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit declined by 29.01% to Rs.207.38 crores ($27.5 million) for the period ended March 31, 2020 as against Rs. 292.14 crores ($38.7 million) for the period ended March 31, 2019. … Read more
Sumitomo Chemical India Ltd, an Indian arm of Japan’s Sumitomo Chemical Co., Ltd. announced its consolidated financial results for the fourth quarter and full year ended March 31, 2020. Q4 Results The agrochemicals manufacturer reported a consolidated net profit of Rs 22.91 crore ($3 million) in Q4 March 2020 as compared to a net loss … Read more
SRF Limited, an Indian industrial and specialty intermediates manufacturer announced its consolidated financial results for the fourth quarter and full year ended March 31, 2020. Q4 Financials The consolidated revenue of the Company decreased 4% to Rs. 1,858 crore ($245.9 million) in Q4FY20 as against Rs. 1,937 crore ($256.3 million) in the prior year quarter. … Read more
Chennai Petroleum Corporation Limited (CPCL) has proposed the implementation of the 9 million tons per annum Refinery Project in Cauvery Basin Refinery (Nagapattinam, Tamil Nadu), to the Board of Indian Oil Corporation Limited (IOCL). To implement this plan, CPCL’s Board of directors proposed a joint venture with IOCL, at an anticipated cost of Rs 28,983 … Read more
Formosa, a Taiwanese steam cracker operator announced the restart of production at its No.2 ethylene cracker in Mailiao following a shutdown last week. Due to technical issues, the 720,000 tonne per year cracker was taken off line on 1st June. The issue did not appear to result in any shutdown or reduction of operations at … Read more
BP has agreed to license its latest-generation PTA technology to China’s Dongying Weilian Chemical. Under the terms of the contract, BP will license its latest generation of PTA technology to Dongying United Petrochemical for the production of purified terephthalic acid in China. A subsidiary of Dongying United Petrochemical, Weilian Chemical plans to build a 2.5 … Read more
China approved a $20 billion petrochemical project in eastern Shandong province, Reuters reported on Tuesday, citing two industry sources familiar with the approval process. China’s National Development & Reform Commission (NDRC) approved the Shandong Yulong Petrochemical project on Monday, Reuters’ sources said. The project, which includes a 400,000 barrel-per-day refinery and a 3 million tonne … Read more
Aarti Industries, an Indian pharmaceutical ingredients and chemicals manufacturer, announced its results for the quarter and financial year ended 31 March 2020. The company’s consolidated net profit declined 11.9% to Rs 110.35 crore ($14.7 million) in the quarter ended March 2020 as against Rs 125.25 crore ($16.6 million) during the prior year quarter. Sales declined … Read more
A committee appointed by India’s top environmental court has blamed “gross human failure” and lack of basic safety norms for a gas leak in LG Chem polymer plant last month that killed 12 people and sickened hundreds. The committee said the tanks from which the gas leaked May 7 at the LG Polymers plant in … Read more
UPL Limited, an Indian multinational manufacturer of agrochemicals & chemicals, announced its results for the quarter and financial year ended 31 March 2020. The company posted 146.80% year-on-year rise in net profit at Rs 617 crore ($81.9 million) for the quarter ended March 31. It had posted a net profit of Rs 250 crore ($33.2 … Read more