Clariant Chemicals Limited., an Indian subsidiary of specialty chemicals gaint Clariant AG announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net profit of Rs 191.8 crores for the period ended September 30, 2020 as against net profit of Rs 2.7 crores for the previous quarter. … Read more
Southern Petrochemicals Limited., a fertilizer manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit dropped 7.6% to Rs 12.33 crores for the period ended September 30, 2020 as against net profit of Rs 13.34 crores for the previous quarter. Net sales grew … Read more
BASF PETRONAS Chemicals Sdn Bhd (BPC), a joint venture between Germany’s BASF and Malaysia’s PETRONAS Chemicals Group Berhad (PCG) said it will close its butanediol (BDO) and derivatives plant at Kuantan, Malaysia, as part of its product portfolio realignment. The closure will take effect in March 2021, but will not impact other plants within the … Read more
Ganesh Benzoplast Limited., an organic chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit dropped 33.1% to Rs 9.55 crores for the period ended September 30, 2020 as against net profit of Rs 14.27 crores for the previous quarter. Net sales … Read more
GAIL Ltd., state-owned petrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Petrochemicals Segment Q2 Results- QoQ The segment’s net profit grew to Rs 176.31 crores for the period ended September 30, 2020 as against net loss of Rs 154.43 crores for the previous quarter. Net sales increased … Read more
Valiant Organics Limited., a specialty chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit increased 24.4% to Rs 30.7 crores for the period ended September 30, 2020 as against net profit of Rs 24.68 crores for the previous quarter. Net sales … Read more
Grasim Industries has decided to sell its fertilizer business to Indorama Corporation for Rs 2649 crore ($355 million). The flagship company of Aditya Birla Group on Thursday approved the divestment of its fertilizer business, Indo Gulf Fertilizers (IGF), by way of a slump sale to Indorama India Pvt Ltd (IIP), a subsidiary of Indorama Corporation … Read more
Indo Amines Limited., a manufacturer of organic amine-based fine chemicals, specialty and performance chemicals announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit increased 165% to Rs 6.65 crores for the period ended September 30, 2020 as against net profit of Rs 2.51 crores for the … Read more
W. R. Grace & Co. has licensed its UNIPOL PP Process Technology to PT Pertamina Rosneft Pengolahan dan Petrokimia (PRPP), a joint venture between Indonesia’s PT Pertamina and Russia’s Rosneft Oil Company. The UNIPOL PP facility, located in Tuban, Indonesia, will include two lines, each designed to produce 580 000 ton per year for a … Read more
SRF Limited., an industrial and specialty intermediates manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit increased 78% to Rs 315.2 crores for the period ended September 30, 2020 as against net profit of Rs 177.09 crores for the previous quarter. Net sales grew 36% … Read more
Chemcon Speciality Chemicals Limited., a speciality chemicals manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit increased 76.4% to Rs 15.58 crores for the period ended September 30, 2020 as against net profit of Rs 8.83 crores for the previous quarter. Net sales grew 34.1% … Read more
Transpek Industry Limited., a sulphur-chlorine based chemicals manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 85% to Rs 0.57 crores for the period ended September 30, 2020 as against net profit of Rs 3.77 crores for the previous quarter. Net sales grew 1% … Read more
Honeywell has announced Oriental Energy Company Ltd. will use Honeywell UOP’s C3 Oleflex™ technology for propane dehydrogenation to meet growing demand for the production of polymer-grade propylene. The Oleflex unit is scheduled to start up in Maoming, Guangdong in 2022. UOP will provide services, equipment, catalysts and adsorbents for the Maoming plant. The project marks … Read more
Reliance Industries Ltd., one of the world’s largest petrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Petrochemicals Segment Q2 Results- QoQ The segment’s earnings before interest and taxes (EBIT) grew 44.3% to Rs 4,895 crores for the period ended September 30, 2020 as against EBIT of Rs … Read more
LG Chem has signed a strategic partnership with Neste, a leading biodiesel producer based in Finland, to accelerate the production of eco-friendly resins from biomaterials. Neste is a leading company in the biodiesel field with its own proprietary process technology. 80% of this global company’s operating profit is generated from biofuels and eco-friendly products. Through … Read more
Pidilite Industries Ltd announced that the company has completed the acquisition of 100% stake in Huntsman Advanced Materials Solutions Private Limited (HAMSPL), on 3rd November 2020. As such, HAMSPL will now be a subsidiary of Pidilite Industries Ltd, the company said. At its meeting on October 28, the board of Pidilite Industries approved a definitive … Read more
BASF said on Thursday that its plans to build a petrochemicals complex in India worth up to $4 billion with partners had been put on hold due to the economic uncertainty caused by the pandemic. As part of four-party Memorandum of Understanding (MoU), signed on October 4, 2019, Abu Dhabi National Oil Company (ADNOC), Adani … Read more
Hikal Limited., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 79.7% to Rs 26.95 crores for the period ended September 30, 2020 as against net profit of Rs 15 crores for the previous quarter. Net sales increased 5.5% … Read more
UPL Limited., an agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 30% to Rs 104 crores for the period ended September 30, 2020 as against net profit of Rs 149 crores for the previous quarter. Net sales grew 19% … Read more
Paushak Ltd., a specialty chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 29.2% to Rs 6.11 crores for the period ended September 30, 2020 as against net profit of Rs 8.63 crores for the previous quarter. Net sales fell … Read more