Atul Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit declined 17% to Rs 117.78 crores ($15.7 million) for the period ended June 30, 2020 as against net profit of Rs 141.25 crores ($18.9 million) for the previous quarter. … Read more
Asahi Songwon Colors Ltd., a pigments manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 57% to Rs 9.53 crores ($1.3 million) for the period ended June 30, 2020 as against net profit of Rs 6.07 crores ($0.87 million) for the … Read more
Evonik and Swedish manufacturer, Perstorp, expanded the sales and distribution of ProPhorce SR 130 to the Indian subcontinent: India, Nepal, Sri Lanka, Bangladesh and Pakistan to further strengthen the partnership. The move follows the announcement in May of Evonik’s exclusive distribution of the product in sub-Saharan Africa. The latest development will intensify the sales, marketing … Read more
Indo Amines Ltd., an alkyl amine chemicals manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 78% to Rs 1.51 crores ($0.2 million) for the period ended March 31, 2020 as against net profit of Rs 6.77 crores ($0.9 million) … Read more
GCL-Poly, one of the world’s top producers of polysilicon – a key ingredient for solar PV (Photovoltaics) cells – shut a major plant in China after it suffered a series of blasts, according to sources. The explosion reportedly has taken more than 10% of the global supply of the solar power raw material out of … Read more
Himadri Speciality Chemical Ltd., a specialty chemicals manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 5.3% to Rs 70.81 crores ($9.5 million) for the period ended March 31, 2020 as against net profit of Rs 74.74 crores ($10 million) … Read more
Ishan Dyes & Chemicals Ltd., a dyes and dyestuff manufacturer based in India announced its results for the quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit decreased 38.6% to Rs 1.69 crores ($0.23 million) for the period ended June 30, 2020 as against net profit of Rs 2.75 crores ($0.37 million) … Read more
Celanese Corp. (Dallas, Tex.) announced it has reached a definitive agreement to sell its 45% equity investment in the Polyplastics joint venture (JV) to Daicel Corporation for $1.575 billion. Following the completion of the transaction, Daicel will own 100% of Polyplastics. Celanese’s Engineered Materials presence in Asia is significantly greater now than when the Company … Read more
Linde announced that it has signed a Memorandum of Understanding (MoU) with Beijing Green Hydrogen Technology Development Co., Ltd., a subsidiary of China Power International Development Ltd., to jointly promote the application and development of green hydrogen in China. Under the terms of the MoU both companies will collaborate on a variety of green hydrogen … Read more
National Peroxide Ltd., a peroxide manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 82.7% to Rs 3.03 crores ($0.4 million) for the period ended March 31, 2020 as against net profit of Rs 17.49 crores ($2.3 million) during the … Read more
KBR has been awarded a contract for its proprietary Plinke Adiabatic Nitrobenzene solutions by Kutch Specialities Pvt Ltd, India. Under the terms of the contract, KBR will provide basic and detailed engineering design, equipment, and related advisory services to Kutch Specialities Pvt Ltd for its grassroots nitrobenzene project in India. KBR’s proven process, patented equipment … Read more
Reliance Industries Limited (RIL) Chairman Mukesh Ambani on Wednesday said the deal to sell 20% stake to Saudi Aramco has not progressed according to the scheduled time due to ongoing pandemic situation. “Due to unforeseen circumstances in the energy market and the Covid-19 situation, the deal has not progressed according to the original timeline,” RIL … Read more
Chembond Chemicals Ltd., a chemical manufacturer based in India announced its results for the first quarter ended June 30, 2020. The company’s net profit declined 2.2% to Rs 4.03 crores ($0.53 million) for the period ended June 30, 2020 as against net profit of Rs 4.12 crores ($0.55 million) during the prior-year quarter. Net sales … Read more
Indian Toners & Developers Ltd., a toner manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 37% to Rs 2.82 crores ($ million) for the period ended March 31, 2020 as against net profit of Rs 4.47 crores ($ million) … Read more
BASF India Limited’s Board of Directors have approved the acquisition of 100% stake by the Company in BASF Performance Polyamides from BASF Nederland B.V. and BASF SE. The deal consideration amount is not exceeding Rs 305 crores ($40.6 million), including adjustments, if any, at arm’s length basis, subject to the approval of the shareholders of … Read more
Polychem Ltd., a vinyl polymers manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 28.4% to Rs 0.58 crores ($0.08 million) for the period ended March 31, 2020 as against net profit of Rs 0.81 crores ($0.1 million) during the … Read more
Bodal Chemicals Ltd., a chemical manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 7.8% to Rs 27.22 crores ($3.6 million) for the period ended March 31, 2020 as against net profit of Rs 29.52 crores ($3.9 million) during the … Read more
Bharat Petroleum Corp. Ltd. (BPCL) has let a contract to Dastur International Inc. and Lummus Technology LLC to jointly execute a feasibility study for a petcoke gasification project at Kochi Refinery, in the Indian state of Kerala. The study will evaluate the feasibility of the proposed petcoke gasification project and production of value-added petrochemicals and … Read more
Nouryon will start development of a world-class manufacturing facility at its current site in Ningbo, China to produce two key intermediates for its organic peroxides business: tert-Butyl hydroperoxide (TBHP) and tert-Butyl alcohol (TBA). Organic peroxides are essential ingredients in the production of polymers and composites. The manufacturing facility is scheduled to be completed in the … Read more
S H Kelkar and Company Ltd., a Fragrance and Flavours maker, shared the business update for Q1 FY21 with the exchanges on Monday. As per the directives of the Central Government in response to the outbreak of the Covid-19 pandemic, SHK’s manufacturing units were temporarily shut in the month of April 2020. Operations at all … Read more