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
The Adani Group will be developing a new coal-to-polyvinyl chloride (PVC) plant in Mundra, Gujarat, India according to an application by the company to India’s Ministry of Environment, Forests & Climate Change. The plant is expected to produce 2 million metric tons per year of PVC grades such as suspension PVC (resin), chlorinated PVC (C-PVC) … Read more
Ishan Dyes & Chemicals Ltd, an Indian dye & dyestuff manufacturer has reported financial results for the period ended March 31, 2021. Q4 Results The company’s net profit increased 27% to Rs 3.48 crores ($0.48 million) for the period ended March 31, 2021 as against Rs 2.75 crores ($0.38 million) for the period ended March … Read more
Chemcon Speciality Chemicals Limited, an Indian specialty chemicals manufacturer announced its results for the last quarter & period ended March 31, 2021. Q4 Results- YoY The company’s net profit grew 58.3% to Rs 15.5 crores ($2.1 million) for the period ended March 31, 2021 as against net profit of Rs 9.79 crores ($1.3 million) for … Read more
Sudarshan Chemical Industries Ltd., a pigments manufacturer based in India has reported its financial results for the period ended March 31, 2021. Q4 Results For the quarter, the company has posted a net profit of Rs 53.42 crores ($7.4 million), a 96% increase as against Rs 27.3 crores ($3.8 million) during the prior-year quarter. Net … Read more
Thirumalai Chemicals Limited has announced its plan to execute a project to manufacture 180,000 tons per year of Phthalic Anhydride (PA) and 30,000 tons per year of Fine & Specialty Chemicals, at its existing site at Dahej, Gujarat, and Western India. The project is expected to be executed in two successive phases. Thirumalai expects to … Read more
Thirumalai Chemicals Ltd., an Indian fine chemicals manufacturer has reported financial results for the period ended March 31, 2021. Q4 Results The company’s net profit grew by 3384.4% to Rs 84.67 crores ($11.7 million) for the period ended March 31, 2021 as against Rs 2.43 crores ($0.33 million) for the period ended March 31, 2020. … Read more
Laxmi Organic Industries Ltd., a specialty ingredients and solvents manufacturer based in India, announced its results for the quarter and financial year ended March 31, 2021. Q4 Results The company’s net profit increased 262% to Rs 36.34 crores ($5 million) for the period ended March 31, 2021 as against Rs 10.04 crores ($1.4 million) for … Read more
Balaji Amines Ltd., a leading manufacturer of Aliphatic Amines in India has reported its financial results for the period ended March 31, 2021. Q4 Results The company’s net profit rose 174.2% to Rs 84.49 crores ($11.6 million) for the period ended March 31, 2021 as against Rs 30.81 crores ($4.2 million) for the period ended … Read more