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 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 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, 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
UPL Limited, an Indian multinational manufacturer of agrochemicals & chemicals, announced its results for the quarter and financial year ended 31 March 2020. The company posted 146.80% year-on-year rise in net profit at Rs 617 crore ($81.9 million) for the quarter ended March 31. It had posted a net profit of Rs 250 crore ($33.2 … Read more
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 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
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 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
IFF and DuPont announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction. The deal values the combined company at $45.4 billion on an enterprise value basis, reflecting a value of $26.2 billion for the N&B business based … Read more
Nissan Chemical Corporation announced the acquisition of the Quinoxyfen product line of fungicides from Corteva, Inc. The transaction includes all brands, including Quintec and Fortress and associated inventories. Quinoxyfen is a protectant fungicide highly effective in controlling powdery mildew in cereals, grapes, stone fruits, and vegetables such as cucurbits. It has a unique mode of … Read more
Perstorp, a global leader in the specialty chemicals market, has unveiled plans to invest in the construc-tion of a new Pentaerythritol production facility in Gujarat, India. The world scale, green-field Gujarat plant will produce Pentaerythritol, including the renewable grades of Voxtar, providing up to a 60% reduced carbon footprint. Construction of the Gujarat plant started … Read more
Nufarm Limited announced on Monday, 30th September it had entered into an agreement to sell its South American crop protection and seed treatment operations in Brazil, Argentina, Colombia and Chile to Sumitomo Chemical Company Limited for $1,188 million cash (on a cash-free, debt-free basis and subject to customary net working capital adjustments on completion). Nufarm … Read more
Lack of demand from industrial customers and the global economic uncertainties continue to create problems for the German chemical and pharmaceutical industry. Weak numbers for the second quarter of 2019 have prompted the German Chemical Industry Association (VCI) to lower its full-year forecast for the third time in 2019. There is no improvement in sight, … Read more
Sumitomo Chemical India Limited (SCIL), a subsidiary of one of the leading global chemical companies Sumitomo Chemical Co., Ltd., Japan and a leading player in Indian agrochemical, household insecticides and animal nutrition sectors, announced the completion of the merger of Excel Crop Care Limited (‘ECC’) with itself (SCIL). The aforementioned merger process has been successfully … Read more
Grillo has sold its IP and know-how regarding the production of MSA from methane to BASF. BASF will utilize the acquired IP and know-how within its own R&D activities on MSA. Grillo has developed a novel process and optimized it on R&D pilot plant scale over the last years. BASF, with its global research and … Read more
BASF SE plans to invest in a second production plant for tert-butylamine (tBA) at BASF Specialty Chemicals Co. Ltd (BSNJ) in Nanjing, China. With this expansion, BASF’s global annual production capacity of tBA will increase by more than 30%. The plant is planned to start up in 2022 and will adopt advanced BASF technology which … Read more
BASF will increase the production capacity of Alkylethanolamines (AEOA) by 20 percent at the BASF Verbund site in Ludwigshafen, Germany. After the start-up in 2020, BASF’s global annual nameplate capacity of AEOA will be more than 110,000 metric tons per year at its production facilities in Ludwigshafen, Germany; Geismar, USA; and Nanjing, China. “As one … Read more
Nouryon (formerly AkzoNobel Specialty Chemicals) will double production capacity for solvent-based organic peroxides at its Los Reyes, Mexico site, enabling it to support the strong growth of the North American polyolefin and polyvinyl chloride (PVC) markets. The expansion is expected to be completed by the second quarter of 2020. Polyolefins are used to produce a … Read more
Solvay is raising its European capacity of hydroquinone by 20%, enhancing the security of supply on three continents and to meet increasing demand for diphenol inhibitors used as additives by the monomer industry. This capacity expansion at its plant in Saint-Fons, France is accomplished by debottlenecking the existing unit and follows a recent capacity increase … Read more