Indorama Ventures Starts Up New Naphthalates Plant in Alabama

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

Sasol Receives Tribunal’s Nod for ASUs Sale to Air Liquide

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

Clariant Sells its Pigments Business to Heubach Group and SK Capital

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

India’s Indo Borax and Chemicals Reports 142% Net Profit Growth for Q4 FY20-21

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

India’s Anupam Rasayan Reports 113.3% Net Profit Growth for Q4 FY20-21

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

India’s Vidhi Specialty Food Ingredients Reports 18% Net Profit Growth for Q4 FY20-21

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

India’s Sadhana Nitrochem Reports Rs 11.44 Cr Net Profit for Q4 FY20-21

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 Reports 25.3% Net Profit Growth YoY in Q4 FY20-21

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 Reports 20.1% Net Profit Decline for FY20-21

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 to Explore Entry into PP, PE Projects in Kazakhstan

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

India’s Rossari Biotech to buy Unitop Chemicals for $57.7 Million

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

India’s Adani Group to Invest $4 Billion on Coal-to-PVC Plant

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

India’s Ishan Dyes FY21 Net Profit Up by 56.1%

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

India’s Chemcon Speciality Chemicals Reports 58.3% Net Profit Growth for Q4 YoY FY20-21

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

India’s Sudarshan Chemical Reports 96% Increase in Net Profit for Q4 FY21

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

India’s Thirumalai Chemicals Plans to build 180,000 Tons Phthalic Anhydride Capacity at Dahej Plant

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 Reports Rise in Q4 FY20-21 Net Profit by 3384.4%

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

India’s Laxmi Organic Reports 262% Rise in Net Profit for Q4 FY20-21

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

India’s Balaji Amines Net Profit Grows 174.2% in Q4 FY20-21

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

I G Petrochemicals Reports 2428% Rise in Net Profit for Q4 FY20-21

I G Petrochemicals Ltd., a petrochemicals 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 2428% to Rs 99.85 crores ($13.7 million) for the period ended March 31, 2021 as against Rs 3.95 crores ($0.54 million) for the period ended … Read more