Abu Qir Fertilizers and Chemical Industries Company, Helwan Fertilizer Company, and Al Ahly Capital Holding Company signed a shareholder agreement to establish the Misr Methanol and Petrochemical Company to produce methanol, ammonia, petrochemicals and others. The Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, witnessed the signing of a shareholder agreement for the establishment … Read more
Sika acquires Shenzhen Landun Holding Co., Ltd., a manufacturer of waterproofing systems in China. Landun offers a comprehensive range of waterproofing products and technologies, perfectly complementing Sika’s existing portfolio. The combined offering will provide new growth opportunities in the fast-growing Chinese waterproofing market. Financial terms of the deal were not disclosed. Landun is a highly … Read more
LANXESS AG announced it plans to acquire the microbial control business from New York-based International Flavors & Fragrances (IFF) in a deal valued at $1.3 billion. According to a company press release, LANXESS expects the deal to be completed in the second quarter of 2022 following approval from regulators. It will be Lanxess’s second-largest acquisition … Read more
Czech Republic’s Unipetrol, a subsidiary of PKN Orlen announced that it will invest more than CZK30.0 billion ($1.4 billion) over the next decade in projects to decarbonize the company’s operations. Together with its parent company ORLEN, the Group plans to transform from a traditional petroleum-oriented firm into a multi-energy corporation under its development strategy for … Read more
Malaysia’s Sime Darby Plantation (SDP) and PTT Global Chemical (PTTGC) have divested their collective 100% equity interest in the Asia Pacific business of Emery Oleochemicals and Emery Specialty Chemicals to Edenor Technology in a deal worth RM38 million ($9 million). Emery Oleochemicals, Emery Specialty Chemicals and their subsidiaries are a 50:50 joint venture between Sime … Read more
LG Chem is investing 2.6 trillion Won (~$2.2 billion) over the next eight years to build 10 new plants that will produce eco-friendly materials at its Daesan petrochemical complex in Chungnam province. The investment will include plants that will produce 50,000 tonnes per year of polybutylene adipate-co-terephthalate (PBAT) and 100,000 tonnes per year of polyolefin … Read more
Bodal Chemicals Ltd has decided to sell its Unit – VI, situated at Plot No. 606,607, G.I.D.C., Panoli, Nr. Ankleshwar, Dist. Bharuch, Gujarat. The company said that Unit-VI is inoperative and is not a significant unit in terms of revenue or net worth of the company. Also, it stated that the company has not calculated … Read more
Meghmani Finechem Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 13% to Rs 36.95 crores ($5 million) for the period ended June 30, 2021 as against net profit of Rs 32.76 crores ($4.4 million) for the previous … Read more
Meghmani Organics Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 90.3% to Rs 68.56 crores ($9.2 million) for the period ended June 30, 2021 as against net profit of Rs 36.02 crores ($4.8 million) for the … Read more
Indorama Ventures Public Company Limited (IVL) agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio, a subsidiary of Ultrapar Participações S.A. The acquisition gives IVL a unique portfolio in high-value surfactants and significantly extends its existing Integrated Oxides and Derivatives (IOD) business. Oxiteno is a leading integrated surfactants producer, catering to highly attractive end-use markets … Read more
Toyo Engineering Corporation has been awarded a contract for a project to construct a polypropylene (PP) plant from Prime Polymer Co., Ltd. As part of the deal, Toyo will carry out the EPC contract on a full turn-key basis that includes engineering, procurement, and construction. Toyo will build the 200,000 metric tons per year capacity … Read more
Bodal Chemicals Ltd., a dyes & chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 27% to Rs 29.85 crores ($4 million) for the period ended June 30, 2021 as against net profit of Rs 23.57 crores ($3.2 million) for … Read more
Ishan Dyes and Chemicals Ltd., a dye and dyestuff manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 11.2% to Rs 3.09 crores ($0.42 million) for the period ended June 30, 2021 as against net profit of Rs 3.48 crores ($0.47 … Read more
Himadri Speciality Chemical Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 36.5% to Rs 14.51 crores ($2 million) for the period ended June 30, 2021 as against net profit of Rs 22.84 crores ($3.1 million) for … Read more
IOL Chemicals and Pharmaceuticals Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 11% to Rs 67 crores ($9 million) for the period ended June 30, 2021 as against net profit of Rs 75.25 crores ($10.1 million) for … Read more
Ester Industries Ltd has informed that its Board of Directors has approved capital expenditure of Rs 80 crores ($10.8 million) for capacity expansion of certain grades of Speciality Polymer business. The company is planning a capacity addition of 6,000 metric ton per annum thereby taking the overall capacity to 12,000 metric ton per annum. Presently, … Read more
Clariant Chemicals (India) Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 30.5% to Rs 14.31 crores ($1.9 million) for the period ended June 30, 2021 as against net profit of Rs 10.97 crores ($1.5 million) for … Read more
National Oxygen Ltd., an industrial gases manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 303.5% to Rs 4.03 crores ($0.54 million) for the period ended June 30, 2021 as against net profit of Rs 0.99 crores ($0.13 million) for the … Read more
Vishnu Chemicals Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 6.5% to Rs 11.58 crores ($1.6 million) for the period ended June 30, 2021 as against net profit of Rs 10.87 crores ($1.5 million) for the previous … Read more
Galaxy Surfactants Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 2.4% to Rs 76.82 crores ($10.3 million) for the period ended June 30, 2021 as against net profit of Rs 78.68 crores ($10.6 million) for the … Read more