Goa Carbon Ltd., a petroleum coke manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net loss of Rs 5.02 crores ($0.68 million) for the period ended September 30, 2020 as against net loss of Rs 5.07 crores ($0.69 million) for the … Read more
Shin-Etsu Chemical will make facility investments totaling ¥30 billion ($285 million) to expand its photoresists business manufacturing bases in Japan and Taiwan. It will carry out production capacity expansion at its subsidiary company, Shin-Etsu Electronics Materials Taiwan Co., Ltd. (located in Douliu City, Yunlin County, Taiwan) and the Naoetsu Plant of Shin-Etsu Chemical Co., Ltd., … Read more
Ardian, a private investment firm, announced that it has acquired a 50% ownership stake in Angus Chemical Company from Golden Gate Capital at a total enterprise value of approximately $2.25 billion. Golden Gate Capital, which initially acquired Angus in February 2015 from The Dow Chemical Company, will retain a 50% stake in Angus. Additional terms … Read more
Deepak Nitrite Ltd has incorporated a wholly owned subsidiary company named Deepak Clean Tech Limited (DCTL) with effect from 9th October, 2020. “Deepak Nitrite Limited has subscribed to the Memorandum & Articles of Association to the extent of 100% of Share Capital of Deepak Clean Tech Limited, which has been incorporated under the Companies Act, … Read more
Mitsubishi Chemical Corp. has concluded agreements to transfer its polymer flocculant sales business to MT AquaPolymer, Inc. and Hymo Corp. Once the transfer is complete, the two companies will outsource the manufacture of polymer flocculants to MCC. The transfer is subject to obtaining approval from competition authorities. MTAP is a leading Japanese manufacturer of polymer … Read more
Monolith Materials announced it plans to use its proprietary process to produce approximately 275,000 metric tons per year of carbon-free anhydrous ammonia in the United States. The company will invest $1 billion to build the new ammonia plant. Current ammonia production practices account for approximately 1% of total global greenhouse gas emissions, or roughly the … Read more
AkzoNobel announced that it is building a new powder coatings plant in Chungli, Taiwan with a €20-million ($23.6 million) investment. The fully automated plant will have the increased production capacity to fulfill growing demand in the architecture, auto accessories, telecommunications, electronic components, furniture, domestic appliances, sports equipment and machine tools markets. The powder coatings plant … Read more
Bhansali Engineering Polymers Ltd., a polymer and other allied products manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 2672.5% to Rs 35.5 crores ($4.9 million) for the period ended September 30, 2020 as against net loss of Rs 1.38 crores … Read more
Saudi Arabia’s Advanced Petrochemical Company is planning to add a 70,000 tonnes per annum capacity Isopropanol (IPA) plant as part of its joint venture project in Jubail Industrial City, according to an Arab media report. In March, Advanced Petrochemical’s subsidiary, Advanced Global Investment Company (AGIC) has signed a shareholders’ agreement with SK Gas Petrochemical (SKGP), … Read more
India’s Union Cabinet on Wednesday ratified ban on seven Persistent Organic Pollutants (POP’s) that are hazardous to health and environment listed under Stockholm Convention. The Stockholm Convention is a global treaty to protect human health and environment from POPs, which are identified chemical substances that persist in the environment, bio-accumulate in living organisms, adversely affect … Read more
Mitsui Chemicals, Inc. announced that group company SDC Technologies, Inc. has acquired COTEC GmbH. Engaged in the manufacture, sale and research of hydrophobic and anti-reflective coatings, COTEC became a wholly owned subsidiary of SDC on October 1, 2020. The Mitsui Chemicals Group’s Vision Care Materials Division boasts a diverse product range. Its ophthalmic lens materials … Read more
Vinati Organics Ltd. informed the stock exchanges about incorporation of new entity Veeral Organics Private Limited as subsidiary of the company. “Vinati Organics Ltd. has subscribed to the Memorandum & Articles of Associations to the extent of 99% of the share capital of Veeral Organics Private Limited, which has been incorporated under the Indian Companies … Read more
OQ Chemicals (formerly Oxea), a German Oxo Intermediates and Oxo Derivatives manufacturer has increased global production capacity of isononanoic acid by 30% with the completion of the expansion project at its Oberhausen facility. As announced earlier by the company, the increase of isononanoic acid production is said to be part of the carboxylic acid expansion … Read more
Hengli Petrochemical, a Chinese polyester manufacturer is planning to add additional two 2.5 million metric ton per year purified terephthalic acid (PTA) production unit in south China. The new units’ operations are scheduled to start at the end of 2021. Hengli will invest about 11.5 billion yuan ($1.69 billion) to build the units in the … Read more
SK Capital Partners, LP, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, completed its previously announced acquisition of the specialty polymers business of Baker Hughes. The business has been renamed NuCera Solutions, reflecting its history of innovation in the specialty polymers and polyethylene wax markets. NuCera, with manufacturing operations in … Read more
Gulf Oil Lubricants India has entered into a long-term strategic partnership with South Korea’s S-Oil Corporation, according to a report by Press Trust of India. As per the deal, the company will exclusively manufacture and market S-Oil’s entire range of lubricants under the brand S-Oil Seven – for the Indian market, Gulf Oil Lubricants India … Read more
Royal DSM has reached an agreement to sell its Resins & Functional Materials (RFM) and associated businesses to Covestro AG for an Equity Value of €1.6 billion ($1.9 billion). Completion of the transaction, which is subject to the customary conditions and approvals, is expected in the first half of 2021. The transaction will include all … Read more