DCM Shriram Limited, an Indian Chloralkali and PVC manufacturer announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit declined 25% to Rs 19.51 ($2.6 million) for the period ended March 31, 2021 as against a net loss of Rs 25.98 crores ($3.5 million) for the … Read more
Bodal Chemicals Ltd, a specialty chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 3% to Rs 23.57 ($3.2 million) for the period ended March 31, 2021 as against a net loss of Rs 22.91 crores ($3.1 million) for … Read more
Versalis and Saipem have signed an agreement to internationally promote PROESA, Versalis’ proprietary technology used to produce sustainable bioethanol and chemicals from lignocellulosic biomass. Versalis and Saipem will provide integrated and technologically advanced solutions for the sustainable production of bioethanol. The technology does not use crops intended for human consumption as a raw material, but … Read more
Shivalik Rasayan Ltd, a fine chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 71.1% to Rs 6.57 ($0.89 million) for the period ended March 31, 2021 as against a net loss of Rs 3.84 crores ($0.52 million) for … Read more
Mukesh Ambani, Chairman & Managing Director at Reliance Industries, on Thursday said RIL’s proposed deal with Saudi Aramco will likely be finalised this financial year. Ambani, who was speaking at the company’s 44th Annual General Meeting (AGM), said Yasir Al-Rumayyan would join the company board as an independent director. Al-Rumayyan is the chairman and governor … Read more
Kumho Petrochemical, a leading synthetic rubber producer in South Korea, approved an investment of 256 billion won ($225 million) to maintain its leadership in the global market for synthetic latex, which is primarily used in health care. The company stated that aggressive investments are required to meet the rapidly increasing demand for nitrile butadiene latex. … Read more
Kerry Group plc, a global food ingredients company, has agreed to purchase Niacet Corp. from An affiliate of funds advised by SK Capital Partners LP for $1.02 billion (€853 million) on a cash-free, debt-free basis, subject to customary closing adjustments. Niacet is a global market provider in technologies for preservation of bakery and pharma products, … Read more
Oriental Carbon and Chemicals Ltd, a chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 66.5% to Rs 27.75 ($3.7 million) for the period ended March 31, 2021 as against a net loss of Rs 16.67 crores ($2.3 million) … Read more
Yasho Industries Ltd, a leading Indian global manufacturer & supplier of specialty and fine chemicals, announced that the Board of Directors of the company has approved the capex upto Rs. 10 crores ($1.3 million) for enhancement of capacity from 9,200 MTPA to 11,000 MTPA through de-bottlenecking and additional ancillary equipments. The said expansion is expected … Read more
Indorama Ventures Xylenes & PTA, LLC (IVXP), a subsidiary of global chemical producer Indorama Ventures Public Company Limited (IVL), announces new PNDA (Purified 2,6-Naphthalene Dicarboxylic Acid) production unit, making IVXP the world’s largest PNDA producer. The unit is located at IVXP’s integrated manufacturing site in Decatur, Alabama, U.S. The company used in-house technology to design … Read more
Chemicals company Sasol announced Monday that the Competition Tribunal approved the deal by Sasol South Africa Limited to dispose of its 16 Air Separation Units (ASUs) located in Secunda to Air Liquide Large Industries South Africa. Sasol in last September had informed the market that its unit Sasol South Africa had concluded a sale of … Read more
Specialty chemicals major, Clariant is selling its pigments business to a consortium consisting of pigment maker Heubach Group and private investment firm SK Capital. The combined business will operate under the Heubach name and create a leading global pigments business with annual sales of more than EUR 900 million ($1.09 billion). The transaction values Clariant … Read more
Indo Borax and Chemicals Ltd, a chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 142% to Rs 12.6 ($1.7 million) for the period ended March 31, 2021 as against a net loss of Rs 5.21 crores ($0.71 million) … Read more
Anupam Rasayan India Ltd, a specialty chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 113.3% to Rs 22.14 ($3 million) for the period ended March 31, 2021 as against a net loss of Rs 10.38 crores ($1.4 million) … Read more
Vidhi Specialty Food Ingredients Ltd, a food colorants manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 18% to Rs 11.85 ($1.6 million) for the period ended March 31, 2021 as against a net loss of Rs 10.05 crores ($1.4 … Read more
Sadhana Nitrochem Ltd, a specialty chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 222% to Rs 11.44 crores ($1.6 million) for the period ended March 31, 2021 as against a net loss of Rs 9.39 crores ($1.3 million) … Read more
Galaxy Surfactants Ltd, a surfactants manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 25.3% to Rs 78.68 crores ($10.8 million) for the period ended March 31, 2021 as against Rs 62.8 crores ($8.6 million) for the period ended March … Read more
Shree Pushkar Chemicals & Fertilisers Ltd., a chemicals and fertilizers manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit declined 7.2% to Rs 10.43 crores ($1.4 million) for the period ended March 31, 2021 as against Rs 11.24 crores ($1.5 million) … Read more
SIBUR and Kazakhstan sovereign wealth fund Samruk-Kazyna and state oil and gas company KazMunayGas have signed a framework agreement that could allow the company to take a role in petrochemicals projects in Kazakhstan. The potential cooperation will allow SIBUR to produce Polypropylene (PP) and Polyethylene (PE) in National Industrial Petrochemical Technopark in Atyrau, the Republic … Read more
Rossari Biotech Limited, a Speciality Chemicals manufacturer providing intelligent and sustainable solutions for customers across industries, announced that its Board has approved 100% acquisition of Unitop Chemicals Private Limited for Rs. 421 crore ($57.7 million). As per the agreement and subject to customary closing conditions, Rossari will be acquiring 100% of the equity capital of … Read more