GHCL Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 144.1% to Rs 2.71 billion for the period ended March 31, 2022 as against Rs 1.11 billion for the period ended March 31, 2021. Net sales increased by … Read more
Tata Chemicals Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 3622% to Rs 4.38 billion for the period ended March 31, 2022 as against Rs 117.7 million for the period ended March 31, 2021. Net sales increased … Read more
Fineotex Chemical Ltd., a specialty chemicals manufacturer has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 47.3% to Rs 165.24 million for the period ended March 31, 2022 as against Rs 112.22 million for the period ended March 31, 2021. Net sales increased by 56.1% … Read more
India’s Atul Reports 22.2% Decline in FY22 Q4 Net Profit Atul Ltd., an Indian chemicals manufacturer has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit dropped by 22.2% to Rs 1.36 billion for the period ended March 31, 2022 as against Rs 1.75 billion for the period … Read more
Meghmani Finechem Ltd., an Indian Chlor-Alkali products manufacturer has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 202.4% to Rs 990 million for the period ended March 31, 2022 as against Rs 327.6 million for the period ended March 31, 2021. Net sales increased by … Read more
Asahi Songwon Colors on Monday announced its entry into active pharmaceutical ingredient (API) manufacturing with the acquisition of Atlas Life Sciences Private Limited. The company has executed a Share Purchase Agreement (SPA) with Atlas Life Sciences Private Limited (ALSPL) and certain identified promoters of ALSPL for acquisition of 100% stake in ALSPL in three tranches … Read more
Sumitomo Chemical announced its decision to close down its production facilities for caprolactam at its Ehime Works, Niihama city, Ehime, Japan in October 2022, and exit the business. Sumitomo Chemical started production of caprolactam at its Ehime Works in 1965, employing a liquid-phase process, and has since been engaged in the business for more than … Read more
India’s state-run Indian Oil Corporation (IOC), engineering and construction major Larsen & Toubro (L&T), and renewable energy player ReNew Power have announced a joint venture (JV) company to develop the nascent green hydrogen sector in India. The tripartite venture is a synergistic alliance that brings together the strong credentials of L&T in designing, executing, and … Read more
Sumitomo Chemical Co., Ltd. will construct a new manufacturing plant for active pharmaceutical ingredients (APIs) and intermediates for small molecule drugs at its Oita Works. This project is to enhance the Company’s capacity to supply a variety of high-quality APIs and intermediates in response to the increasing demand for small molecule drugs. The new plant … Read more
Gujarat Alkalies and Chemicals Ltd (GACL) had earlier informed about updates on GACL-NALCO Alkalies & Chemicals Private Limited (GNAL), a Joint Venture Company between GACL and National Aluminium Company Limited (NALCO) formed to set up 800 TPD Caustic Soda Plant along with 130 MW Captive Power Plant at Dahej. GNAL is a Material Subsidiary of … Read more
Clariant’s Catalysts business has been awarded three new contracts by China’s Lihuayi Group for its upcoming petrochemicals production units. The agreements include three of Clariant’s high-performance catalysts for the production of ethylene, styrene, and propylene. Stefan Heuser, Senior Vice President & General Manager at Clariant Catalysts, commented, “We are extremely honored to be awarded this … Read more
India plans to sell as much as 1.5% stake in state-run Oil & Natural Gas Corp., via an offer for sale, according to an exchange filing. The floor price for the offer is set at 159 rupees apiece. The government aims to raise 30 billion rupees ($397 million) from the share sale. The government owns … Read more
Indian Oil Corporation Limited (IOCL) has announced plans to build a 60,000 ton per annum (tpa) polybutadiene rubber (PBR) plant at its existing naphtha cracker complex in Panipat. IOCL be investing Rs 14.6 billion ($191 million) in the new facility. The plant will use technology provided by the Goodyear Tire & Rubber Co. The project … Read more
Ascend Performance Materials has reached an agreement to acquire Formulated Polymers Ltd., a leading engineered materials manufacturer in Chennai, India. Expected to close on May 1, this acquisition will establish Ascend’s first manufacturing base in the subcontinent and strengthen Ascend’s global reach in the electrical and e-mobility application space. The deal includes a worldscale manufacturing … Read more
Petronas signed a Memorandum of Understanding (MoU) with KDEB Waste Management (KDEBWM) and One Biosys Sdn Bhd for the supply of plastic waste from landfills and evaluation of potential collaboration to build waste segregation facilities in Malaysia. Under the MoU, KDEBWM and One Biosys will supply plastics waste that consists of polyethylene (PE), polypropylene (PP) … Read more
Oil India Limited announced that the Board of Directors at its meeting held on March 16, 2022, has approved Rs 65.55 billion ($861 million) investment by subsidiary company Numaligarh Refinery Limited (NRL) for implementation of petrochemical project at Numaligarh, Assam. The board also approved the formation of a joint venture company between Assam Gas Company … Read more
Two major semiconductor market leaders have awarded Air Liquide long-term contracts for the supply of ultra-high purity industrial gases in Japan. To fulfill these contracts, Air Liquide has begun a staged investment of more than 300 million euros in four state-of-the-art gas plants in key Electronics basins to produce more than 1.5 billion Nm3 per … Read more
The Board of directors of Supreme Petrochem Ltd. in its meeting held recently has approved Phase II expansion of its Expandable Polystyrene (EPS) plant at Nagothane, Maharashtra by 30,000 MTA. The Board has also approved setting of second line of Extruded Polystyrene Board (XPS) with capacity of 100,000 M3 and increasing the Masterbatch and Compounds … Read more
JK Cement Ltd, a leading manufacturer of wall putty and grey cement in India, announced that it will make its foray into the paints business. “The board of directors of the company in their board meeting “approved entering into paint business through a wholly owned subsidiary, formation of new wholly owned subsidiary and investment in … Read more
BASF India Limited will expand the production capacity of its Ultramid polyamide grades to meet increasing market demand. The increased capacity at BASF’s production site in Panoli, Gujarat, will be available in Q4 2022. “The additional capacity reaffirms our dedication to being our customers’ supplier of choice for polyamidesand will help us meet the rapidly … Read more