Agro-chemicals major UPL Ltd said it will sell 49.98 per cent equity in its non-operational subsidiary firm Agri Net Solutions Ltd (ANSL) to promotor group entity Nerka Chemicals for Rs 17.5 million. UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 17.5 million and the deal is expected … Read more
Covestro recently started up two polycarbonate compounding production lines at its Greater Noida plant near New Delhi in India. The new plants are intended to meet the growing demand for compounded plastics, particularly for the automotive and electrical and electronics industries. In addition to its extensive polycarbonate portfolio, the company now has more than double … Read more
Indian refiner Nayara Energy, part-owned by Russian oil giant Rosneft, could likely delay its planned petrochemicals expansion as a result of Western sanctions in response to Russia’s invasion of Ukraine, industry executives with knowledge of the matter said. Rosneft owns a 49% stake in Nayara Energy, which operates a 20 million tonnes a year refinery … Read more
Mitsui Chemicals, Inc. announced that its subsidiary Prime Polymer Co., Ltd. has become the first company in Japan to commercially produce and ship biomass polypropylene (PP). Derived from bio-based hydrocarbons, this PP is certified as bio-based using the mass balance method in accordance with ISCC PLUS certification for plastic and chemical derivatives. Mitsui Chemicals received … Read more
India Glycols Ltd., a chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit declined 35.6% to Rs 240.1 million for the period ended December 31, 2021 as against net profit of Rs 372.8 million for the previous quarter. Net sales grew … Read more
Arkema has announed the planned acquisition of Chinese company PMP (Shanghai Zhiguan Polymer Materials), which specialises in reactive hot-melt polyurethane (HMPUR) adhesives and generates over €1 million in annual sales. These adhesives are mainly dedicated to the consumer electronics market and are used in the bonding of mobile phones, tablets, laptops and connected objects. “Thanks … Read more
India’s Bodal Chemicals is in advance negotiations to buy Chlor-Alkali business of Mawana Sugars as the Delhi-based firm looks to focus on its core sugar business, according to a report by ET. The transaction will value Mawana Sugars’ Alkali business between Rs 2.5-3.5 billion, multiple sources close to the transaction told ET. Mawana Sugars, part … Read more
DCW Ltd., a chlor-alkali chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 35.7% to Rs 266.86 million for the period ended December 31, 2021 as against net profit of Rs 196.72 million for the previous quarter. Net sales grew … Read more
Galaxy Surfactants Ltd., a specialty chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 8.8% to Rs 456.2 million for the period ended December 31, 2021 as against net profit of Rs 419.4 million for the previous quarter. Net sales … Read more
Tata Chemicals Ltd., a leading chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 40.3% to Rs 3.1 billion for the period ended December 31, 2021 as against net profit of Rs 2.21 billion for the previous quarter. Net sales … Read more
Atul Ltd., a leading chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 6% to Rs 1.55 billion for the period ended December 31, 2021 as against net profit of Rs 1.46 billion for the previous quarter. Net sales grew … Read more
Aarti Industries Ltd., a leading specialty chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 338.6% to Rs 7.72 billion for the period ended December 31, 2021 as against net profit of Rs 1.76 billion for the previous quarter. Net … Read more
South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials plants at one of its petrochemical complexes in the country. Lotte said on Monday it agreed with a local government to invest in a battery electrolyte organic sol-vents factory as well as carbon capture and utilization (CCU) … Read more
PI Industries Ltd., an agrochemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit declined 3.05% to Rs 2.23 billion for the period ended December 31, 2021 as against net profit of Rs 2.29 billion for the previous quarter. Net sales grew … Read more
Anupam Rasayan India Ltd’s board approved the acquisition of 24.96% stake in Tanfac Industries from Birla Group Holdings Private Limited and others for Rs 1.48 billion. “The board of directors has approved the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries Limited (TIL) from Birla Group Holdings Private … Read more
Chemplast Sanmar Ltd., a chloralkali manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 56.5% to Rs 2.37 billion for the period ended December 31, 2021 as against net profit of Rs 1.51 billion for the previous quarter. Net sales decreased … Read more
Honeywell and Navin Fluorine International Limited, part of the Padmanabh Mafatlal Group, announced a partnership to manufacture Honeywell’s proprietary Solstice range of hydrofluoroolefins (HFO) in India. Production is scheduled to commence by Q2-2022 at NFIL’s manufacturing facility in Gujarat. This portfolio of next generation products has no ozone depletion potential and a global warming potential … Read more
Pidilite Ltd., a specialty chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit declined 4.27% to Rs 3.59 billion for the period ended December 31, 2021 as against net profit of Rs 3.75 billion for the previous quarter. Net sales increased … Read more
SRF Ltd., an industrial and specialty intermediates manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 32.2% to Rs 5.05 billion for the period ended December 31, 2021 as against net profit of Rs 3.82 billion for the previous quarter. Net … Read more
Air Liquide will invest around 3.5 billion Rupees (45.2 million euros) in a new Air Separation Unit (ASU) dedicated to Industrial Merchant activities in Kosi, in the state of Uttar Pradesh, Northern India. This unit will have a production capacity of 350 tons per day, with a maximum of 300 tons of oxygen. Air Liquide … Read more