FMC Collaborates With UPL for Insecticide Active Ingredient

FMC Corporation announced that it has entered into a strategic collaboration with UPL Ltd to expand access of Rynaxypyr active to growers around the world and increase the manufacturing capacity for this critical molecule. Under the multi-year agreement, FMC will provide UPL access to products containing Rynaxypyr active for distribution in select markets. In the … Read more

Grace to Acquire Albemarle’s Fine Chemistry Business for $570 Million

W. R. Grace & Co. announced that it has entered into a definitive agreement to acquire the Fine Chemistry Services business (FCS) of Albemarle Corp. for approximately $570 million. The transaction included $300 million paid in cash at closing and $270 million funded through the issuance to Albemarle of non-participating preferred equity of a newly … Read more

Fine Organic Industries Starts Operations at New Facility in India

Fine Organic Industries informed that new manufacturing facility situated at Additional MIDC Patalganga, Maharashtra has started its operations from 25 November 2020. Fine Organic Industries earlier announced expansion of its production capacity by 10,000 tonnes per annum each at its Patalganga, Maharashtra and Leipzig, Germany manufacturing units taking the overall capacity to 121,300 tonnes per … Read more

Meghmani Organics Commences Production at New Agrochem Plants

India’s Meghmani Organics Ltd has commenced commercial production at its two agrochemical plants on 25 November 2020. The company has begun commercial production at Herbicide 2,4-D Acid (2,4-Dichlorophenoxyacetic acid) plant at GIDC, Dahej in Bharuch district of Gujarat. The cost of setting up the Herbicide 2,4-D Acid with an annual capacity of 10,800 MTs is … Read more

Ganesh Benzoplast Reports Rs 9.55 Cr Net Profit for Q2 FY20-21

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

Indo Amines Reports 69.2% Net Profit Growth for Q2 YoY FY20-21

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

Hikal Records 323.1% YoY Net Profit Growth for Q2 FY20-21

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

Ardian Acquires 50% Ownership Stake in Angus Chemical Company

Ardian, a private investment firm, announced that it has acquired a 50% ownership stake in Angus Chemical Company from Golden Gate Capital at a total enterprise value of approximately $2.25 billion. Golden Gate Capital, which initially acquired Angus in February 2015 from The Dow Chemical Company, will retain a 50% stake in Angus. Additional terms … Read more

Deepak Nitrite Incorporates Wholly Owned Subsidiary, DCTL

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

OQ Chemicals Expands Oberhausen Facility in Germany

OQ Chemicals (formerly Oxea), a German Oxo Intermediates and Oxo Derivatives manufacturer has increased global production capacity of isononanoic acid by 30% with the completion of the expansion project at its Oberhausen facility. As announced earlier by the company, the increase of isononanoic acid production is said to be part of the carboxylic acid expansion … Read more

Mitsui, Nippon Soda Acquire 56% Stake in Bharat Insecticides

Mitsui & Co., Ltd., and Nippon Soda Co., Ltd. (Nisso) have acquired 56% stake in India’s Bharat Insecticides Limited (BIL), an agrochemicals company through a special purpose company co-founded by the two Japanese companies. BIL’s promoters will continue to hold balance shares in BIL. As a result of this transaction, BIL has become a group … Read more

Balaji Amines Net Profit Grows 9.6% in Q4 FY19-20

Balaji Amines Ltd., a leading manufacturer of Aliphatic Amines in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit rose 16.5% to Rs 30.81 crores ($4.1 million) for the period ended March 31, 2020 as against Rs 26.45 crores ($3.5 million) for the period ended … Read more

Thirumalai Chemicals Reports Decline in FY19-20 Net Profit by 79.6%

Thirumalai Chemicals Ltd., an Indian fine chemicals manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 86.29% to Rs 2.43 crores ($0.32 million) for the period ended March 31, 2020 as against Rs 17.73 crores ($2.3 million) for the period ended March 31, 2019. … Read more

Sumitomo Chemical India Reports Rise in Profit, Net Sales

Sumitomo Chemical India Ltd, an Indian arm of Japan’s Sumitomo Chemical Co., Ltd. announced its consolidated financial results for the fourth quarter and full year ended March 31, 2020. Q4 Results The agrochemicals manufacturer reported a consolidated net profit of Rs 22.91 crore ($3 million) in Q4 March 2020 as compared to a net loss … Read more

Aarti Industries Reports Decline in Q4 Profit

Aarti Industries, an Indian pharmaceutical ingredients and chemicals manufacturer, announced its results for the quarter and financial year ended 31 March 2020. The company’s consolidated net profit declined 11.9% to Rs 110.35 crore ($14.7 million) in the quarter ended March 2020 as against Rs 125.25 crore ($16.6 million) during the prior year quarter. Sales declined … Read more

India Advices its Public Sector Chemical Cos to Seek Foreign Investment- COVID – 19

India’s Department of Chemicals and Petrochemicals has taken initiatives to overcome the hurdles posed by Covid-19 pandemic and has suggested state-owned units to strengthen their performance by exploring Joint Ventures with global enterprises looking for investments. The initiative came on the directions of Union Minister of Chemicals and Fertilizers Shri DV Sadananda Gowda who has … Read more

Univar Earnings and Revenues Fall Short of Estimates

Univar Solutions Inc. reported a fall in profit for the fourth quarter and full year of 2019. The results were impacted by reduced demand in global industrial markets. In the fourth quarter, the company reported sales of $2.2 billion, up 9.3% compared to the prior year quarter. The company reported a loss of $55.1 million, … Read more

IOL Chemical Reports Profit in Q3

India’s IOL Chemical reported profit growth in the third quarter 2019 on strong API sales. The company reported a 20% year on year growth in EBIDTA at Rs 163 crore ($22.7 million) in December quarter. EBIDTA margin grew to 31.65% from 28.39% in the prior-year quarter. The company’s income from operations increased by 8% to … Read more

Bharat Rasayan Forms Joint Venture with Nissan Chemical

Bharat Rasayan Limited (BRL) announced that the company has executed a Joint Venture (JV) Agreement on 18th February, with Nissan Chemical Corporation (NCC), a Japanese agrochemicals company. The joint venture will operate through a company named Nissan Bharat Rasayan Private Limited, a company incorporated in India. This Joint Venture is expected to bring benefits to … Read more