Bhansali Engineering Polymers Ltd., a polymer and other allied products manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 2672.5% to Rs 35.5 crores ($4.9 million) for the period ended September 30, 2020 as against net loss of Rs 1.38 crores … Read more
India’s Union Cabinet on Wednesday ratified ban on seven Persistent Organic Pollutants (POP’s) that are hazardous to health and environment listed under Stockholm Convention. The Stockholm Convention is a global treaty to protect human health and environment from POPs, which are identified chemical substances that persist in the environment, bio-accumulate in living organisms, adversely affect … Read more
Vinati Organics Ltd. informed the stock exchanges about incorporation of new entity Veeral Organics Private Limited as subsidiary of the company. “Vinati Organics Ltd. has subscribed to the Memorandum & Articles of Associations to the extent of 99% of the share capital of Veeral Organics Private Limited, which has been incorporated under the Indian Companies … Read more
Hengli Petrochemical, a Chinese polyester manufacturer is planning to add additional two 2.5 million metric ton per year purified terephthalic acid (PTA) production unit in south China. The new units’ operations are scheduled to start at the end of 2021. Hengli will invest about 11.5 billion yuan ($1.69 billion) to build the units in the … Read more
Gulf Oil Lubricants India has entered into a long-term strategic partnership with South Korea’s S-Oil Corporation, according to a report by Press Trust of India. As per the deal, the company will exclusively manufacture and market S-Oil’s entire range of lubricants under the brand S-Oil Seven – for the Indian market, Gulf Oil Lubricants India … Read more
Trade Promotion Council of India (TPCI) has constituted a new committee focusing on chemical and allied products with the objective of tapping new markets and identifying new opportunities for trade and investment. The TPCI has set up a new committee to provide the industry with a support that will serve as a think tank, sending … Read more
Tokuyama Corp. to establish a 50-50 joint venture (JV) in Taiwan with Formosa Plastics Corp. for the purpose of manufacturing and selling high-purity isopropyl alcohol (IPA) for the electronics industry. The decision was taken at a Board of Directors’ meeting held on September 25, 2020. The JV will be called Formosa Tokuyama Advanced Chemicals Co., … Read more
India has initiated a probe into the alleged dumping of untreated fumed silica, used in pharmaceutical and agrochemicals industries, from China and South Korea following a complaint by a domestic manufacturer. Cabot Sanmar Ltd filed the application before the commerce ministry’s investigation arm DGTR, seeking initiation of an anti-dumping probe concerning imports of ‘Untreated Fumed … Read more
Sterling Auxiliaries Pvt. Ltd. and its parent company, Artek Surfin Chemicals Ltd., a leading producer of specialty chemicals with manufacturing capabilities across four continents, have agreed to acquire the land and assets associated with Baker Hughes’ Sand Springs, Oklahoma, chemicals manufacturing facility. The Sand Springs facility, which includes approximately 120 employees who will transfer with … Read more
India’s state-owned power company National Thermal Power Corporation Limited (NTPC) has invited expression of interest (EoI) from chemical industry for setting up manufacturing facilities within its plant premises. NTPC has invited the EoI from Indian companies to build plants such as bulk chemicals – ammonia, urea, chloralkali, gypsum and gypsum products, geopolymer, etc – in … Read more
Indian Oil Corporation (IOC) will invest Rs 17,825 crore ($2.4 billion) in setting up a petrochemical plant and lube oil base stock (LOBS) integration project at its Gujarat Refinery, and is looking at diversifying into the textile business. In a regulatory filing, IOC said its board at a meeting on September 21 “accorded approval for … Read more
Thyssenkrupp’s plant engineering business recently won another order to build a bioplastics plant based on the patented PLAneo technology. The plant will be built in South China and will produce 30,000 tons of polylactide (PLA) annually. PLA is a compostable bioplastic made from 100% renewable biomass, making it an eco-friendly, low-CO2 and economic alternative to … Read more
Chemcon Speciality Chemicals, an Indian specialty chemicals provider for pharma and oil well industries, issued a Rs 318 crore ($43.3 million) IPO which opened for subscription on Monday. The Vadodara-based company is offering a fresh issue of equity shares, aggregating up to Rs 165 crore ($22.5 million) and offer for sale of up to 4,500,000 … Read more
Kilpest India Limited Board has approved integration of company’s subsidiary 3B Blackbio Tech with itself. “We wish to inform you that Board at its meeting held today, inter-alia, approved and considered the draft Scheme of Amalgamation between 3B Blackbio Biotech India Limited and Kilpest India Limited as may be modified from time to time, under … Read more
India has initiated an anti-dumping investigation related to import of sodium hydrosulphite, a chemical used in industries such as textiles, soap and molasses, from China and South Korea, the Directorate General of Trade Remedies (DGTR), Govt of India, said in a notification. Sodium hydrosulphite is used in diverse industrial sectors including textiles and as a … Read more
Kanchi Karpooram Ltd., a camphour and other allied products manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 76.3% to Rs 4.90 crores ($0.67 million) for the period ended June 30, 2020 as against net profit of Rs 2.78 crores ($0.38 … Read more
LG Chem Ltd. will spin off its secondary battery business into a wholly owned subsidiary in a move to foster its automotive battery business, according to The Korea Economic Daily. The final decision will be made at a Sept. 17 board meeting. LG Chem plans to list the newly established subsidiary to raise funds that … Read more
Vipul Organics Ltd., a dyestuff and intermediates manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 241% to Rs 1.09 crores ($0.15 million) for the period ended June 30, 2020 as against net profit of Rs 0.32 crores ($0.043 million) for … Read more
Sumitomo Chemical Co. has set up its new Zhuhai Sumika Polymer Compounds Co., Ltd. Wuxi branch, as a new production facility for polypropylene (PP) compounds, to enhance its automotive materials business in Wuxi, Jiangsu Province, China. Wuxi Plant is located on the premise of Sumika Electronic Materials (Wuxi) Co., Ltd., which is under the control … Read more
National Fertilizers Ltd., a state-owned fertilizer and chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 144% to Rs 108.31 crores ($14.7 million) for the period ended June 30, 2020 as against net loss of Rs 248.65 crores ($33.7 million) … Read more