Paushak Ltd., a phosgene-based speciality chemicals and intermediates manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 73.4% to Rs 2.93 crores ($0.4 million) for the period ended June 30, 2021 as against net profit of Rs 11.01 crores ($1.5 million) … Read more
India’s agrochemicals company, PI Industries on Saturday said it has agreed to acquire Ind Swift Laboratories’ active pharmaceutical ingredients (API) business for an enterprise value of Rs 1,530 crores (aprrox. $205.7 million). In a regulatory filing, PI Industries said the company has “executed a business transfer agreement with Ind Swift Laboratories Ltd (ISLL) and certain … Read more
Indo Amines Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 55.6% to Rs 7.12 crores ($0.96 million) for the period ended June 30, 2021 as against net profit of Rs 16.03 crores ($2.2 million) for the previous … Read more
Shivalik Rasayan Ltd, a fine chemicals manufacturer based in India announced its results for the final quarter & year ended March 31, 2021. Q4 Results The company’s net profit grew 71.1% to Rs 6.57 ($0.89 million) for the period ended March 31, 2021 as against a net loss of Rs 3.84 crores ($0.52 million) for … Read more
Thirumalai Chemicals Limited has announced its plan to execute a project to manufacture 180,000 tons per year of Phthalic Anhydride (PA) and 30,000 tons per year of Fine & Specialty Chemicals, at its existing site at Dahej, Gujarat, and Western India. The project is expected to be executed in two successive phases. Thirumalai expects to … Read more
Thirumalai Chemicals Ltd., an Indian fine chemicals manufacturer has reported financial results for the period ended March 31, 2021. Q4 Results The company’s net profit grew by 3384.4% to Rs 84.67 crores ($11.7 million) for the period ended March 31, 2021 as against Rs 2.43 crores ($0.33 million) for the period ended March 31, 2020. … Read more
Vinati Organics Ltd., an Indian specialty chemicals and organic intermediates manufacturer has reported its financial results for the period ended March 31, 2021. Q4 Results For the quarter, the company has posted a net profit of Rs 70.84 crores ($9.7 million), a 5.1% decline as against Rs 74.62 crores ($10.2 million) during the prior-year quarter. … Read more
Nouryon and Atul successfully started production at Anaven, a new joint venture in Gujarat, India, that will help meet the rapidly growing demand in India’s agricultural, personal care and pharmaceutical markets. Anaven is India’s largest MCA production site, with a current capacity of 32,000 tonnes of MCA per year. There is a possibility of rapid … Read more
Evonik said it has delivered first batches of the urgently needed lipids for the mRNA-based vaccine to BioNTech months earlier than planned. Specialists at Evonik’s Hanau site had set up the lipid production in just eight weeks, meeting the high-quality requirements for the component. Initially, delivery was scheduled to start in the middle of the … Read more
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
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 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
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 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 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 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, 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 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 (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 & 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