Lubrizol Advanced Materials, a global specialty chemical leader and the market leader for CPVC, and Grasim Industries Limited have entered into a definitive agreement to manufacture and supply CPVC resin in India to meet growing demand for chlorinated polyvinyl chloride (CPVC) pipe and fittings. Once commissioned, this near 100,000 metric-ton state-of-the-art CPVC plant at Grasim’s … Read more
Tata Chemicals Ltd., India’s leading basic chemicals manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 78% to Rs 132.09 crores for the period ended September 30, 2020 as against net profit of Rs 74.15 crores for the previous quarter. Net sales increased 11% … Read more
PI Industries Ltd., one of the leading agrochemicals manufacturers in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 49.6% to Rs 217.6 crores for the period ended September 30, 2020 as against net profit of Rs 145.5 crores for the previous quarter. Net … Read more
BASF is pressing ahead with its key growth projects, particularly its planned China Verbund site and battery technology sites in Europe, CEO Martin Brudermuller said on Wednesday, despite the need to cut costs in the wake of the coronavirus pandemic. The growth potential of the projects justifies the scale of the expenditure, Brudermuller said, despite … Read more
Sudarshan Chemical Industries Ltd., India’s leading pigments manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 66.7% to Rs 30.33 crores for the period ended September 30, 2020 as against net profit of Rs 18.19 crores for the previous quarter. Net sales increased 22.2% … Read more
Atul Ltd., India’s leading integrated chemical manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 48% to Rs 174.35 crores for the period ended September 30, 2020 as against net profit of Rs 117.78 crores for the previous quarter. Net sales increased 43.8% to … Read more
Asian Paints Ltd., a leading paints and coatings manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 280.1% to Rs 830.37 crores for the period ended September 30, 2020 as against net profit of Rs 218.45 crores for the previous quarter. Net sales increased … Read more
Anaven, a 50-50 joint venture of Nouryon and Atul, has received the environmental clearance for its 32,000 metric tons monochloroacetic acid (MCA) plant in Gujarat, India. Construction is due to be completed this year to supply MCA to the Indian market by the end of the year. Rob Vancko, Nouryon’s Head of MCA and Chairman … Read more
Punjab Alkalies and Chemicals Ltd. (PACL), a chlor-alkali manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net profit of Rs 3.41 crores for the period ended September 30, 2020 as against net loss of Rs 3.32 crores for the previous quarter. … Read more
Sanyo Chemical and Nippon Shokubai announced Wednesday that they have canceled their planned merger, as the coronavirus pandemic highlights their diverging strategies on a key material used in disposable diapers. “The Companies adopted a resolution to cancel the Business Integration and terminate by mutual agreement the final agreement concerning the Business Integration as of October … Read more
DCM Shriram Ltd., 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 69% to Rs 118.37 crores ($16.1 million) for the period ended Septem-ber 30, 2020 as against net profit of Rs 70.10 crores ($9.5 million) for the previous … Read more
Rallis India Ltd., an agrochemicals subsidiary of Tata Chemicals Ltd announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 10% to Rs 82.95 crores ($11.3 million) for the period ended September 30, 2020 as against net profit of Rs 91.87 crores ($12.5 million) for the … Read more
Givaudan, a Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients opened its new fragrance production facility in Changzhou, China. China remains a key growth market for innovative and consumer-preferred fragranced products for Givaudan which is in line with the recently announced 2025 strategy. The Changzhou production facility, costing more than CHF 100 million … Read more
Phillips Carbon Black Ltd., India’s largest carbon black manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 2187% to Rs 58.09 crores ($7.9 million) for the period ended September 30, 2020 as against net profit of Rs 2.54 crores ($0.35 million) for the previous … Read more
Saudi Aramco and Abu Dhabi National Oil Co (Adnoc) are still committed to investing in the planned $44 billion west coast refinery-cum-petrochemical project, the Chairman of India’s Indian Oil Corp (IOC) said on Thursday. Saudi Aramco’s talks to buy a 20% stake in Reliance Industries Ltd’s oil-to-chemical business for $15 billion, coupled with a crash … Read more
Goa Carbon Ltd., a petroleum coke manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net loss of Rs 5.02 crores ($0.68 million) for the period ended September 30, 2020 as against net loss of Rs 5.07 crores ($0.69 million) for the … Read more
Shin-Etsu Chemical will make facility investments totaling ¥30 billion ($285 million) to expand its photoresists business manufacturing bases in Japan and Taiwan. It will carry out production capacity expansion at its subsidiary company, Shin-Etsu Electronics Materials Taiwan Co., Ltd. (located in Douliu City, Yunlin County, Taiwan) and the Naoetsu Plant of Shin-Etsu Chemical Co., Ltd., … Read more
Deepak Nitrite Ltd has incorporated a wholly owned subsidiary company named Deepak Clean Tech Limited (DCTL) with effect from 9th October, 2020. “Deepak Nitrite Limited has subscribed to the Memorandum & Articles of Association to the extent of 100% of Share Capital of Deepak Clean Tech Limited, which has been incorporated under the Companies Act, … Read more
Mitsubishi Chemical Corp. has concluded agreements to transfer its polymer flocculant sales business to MT AquaPolymer, Inc. and Hymo Corp. Once the transfer is complete, the two companies will outsource the manufacture of polymer flocculants to MCC. The transfer is subject to obtaining approval from competition authorities. MTAP is a leading Japanese manufacturer of polymer … Read more
AkzoNobel announced that it is building a new powder coatings plant in Chungli, Taiwan with a €20-million ($23.6 million) investment. The fully automated plant will have the increased production capacity to fulfill growing demand in the architecture, auto accessories, telecommunications, electronic components, furniture, domestic appliances, sports equipment and machine tools markets. The powder coatings plant … Read more