Specialty Chemicals

BASF Acquires Crop Protection Technology from AgriMetis

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BASF Agricultural Solutions acquired the proprietary Glu-L technology for L-glufosinate ammonium from AgriMetis, an industry leader in biotechnological innovations for crop protection. With this technology, BASF will provide farmers with a more efficient solution and improved formulation to protect against troublesome weeds. “The Glu-L technology builds on BASF’s continued commitment to innovative solutions that help … Read more BASF Acquires Crop Protection Technology from AgriMetis

DuPont Divests Trichlorosilane Business and its Stake in Hemlock JV

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DuPont announced it has divested its trichlorosilane (TCS) business and its equity interest in the Hemlock Semiconductor joint venture to Hemlock for $725 million. The deal has received regulatory approval and was closed at signing. Dupont owned 40.25% stake in Hemlock JV before signing of this deal. DuPont received pre-tax cash proceeds of $550 million … Read more DuPont Divests Trichlorosilane Business and its Stake in Hemlock JV

Sun Chemical, DIC Acquire Brazil-based Inks and Coatings Maker

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Sun Chemical and its parent company, DIC Corporation, have acquired Seller Ink Industria e Comércio de Tintas e Vernizes Ltda., a specialty inks and coatings manufacturer based in São Paulo, Brazil. With over 25 years of experience, Seller Ink has a strong market presence in both the security ink and the metal decorating markets. With … Read more Sun Chemical, DIC Acquire Brazil-based Inks and Coatings Maker

Poddar Pigments Ltd Reports Net Profit of Rs 1.61 Cr for Q1 FY20-21

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Poddar Pigments Ltd., a pigment manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit dropped 73% to Rs 1.61 crores ($0.22 million) for the period ended June 30, 2020 as against net profit of Rs 5.95 crores ($0.82 million) for the previous … Read more Poddar Pigments Ltd Reports Net Profit of Rs 1.61 Cr for Q1 FY20-21

Afton Chemical to Build Gasoline Performance Additives Unit in Singapore

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Afton Chemical Corporation, a global leader in the lubricant and fuel additive market, has received approval from the Afton Chemical board to invest in Gasoline Performance Additives (GPA) blending capabilities at its Singapore Chemical Additive Manufacturing Facility. The investment is part of Afton’s “Made In” strategy that focuses on globally lean supply chain solutions that … Read more Afton Chemical to Build Gasoline Performance Additives Unit in Singapore

Nippon Paint Inks $12 Billion Deal with Singapore-based Wuthelam

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Wuthelam Holdings Pte., a Singaporean paint conglomerate, signed a 1.3 trillion yen ($12.3 billion) deal to acquire a majority stake in Nippon Paint Holdings, Japan’s largest coatings maker, seeking to create a dominant paints and coatings company in Asia, according to a Nikkei’s report. Wuthelam will lift its stake to 55% from 39% through a … Read more Nippon Paint Inks $12 Billion Deal with Singapore-based Wuthelam

Evonik to Acquire Porocel for $210 Million to Grow Catalyst Business

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Evonik is acquiring the Porocel Group, a catalyst rejuvenation firm, for US$210 million to accelerate the growth of its catalysts business. The purchase price (enterprise value) is 9.1 times adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in 2019, which is an attractive valuation for a high-quality asset in the catalyst sector. The transaction … Read more Evonik to Acquire Porocel for $210 Million to Grow Catalyst Business

Indian Toners & Developers Ltd’s YoY Net Profit for Q1 FY20-21 Down 17.7%

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Indian Toners & Developers Ltd., a toners manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit declined 21% to Rs 2.23 crores ($0.3 million) for the period ended June 30, 2020 as against net profit of Rs 2.82 crores ($0.38 million) for … Read more Indian Toners & Developers Ltd’s YoY Net Profit for Q1 FY20-21 Down 17.7%

NOCIL Ltd’s YoY Net Profit for Q1 FY20-21 Down 64%

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NOCIL Ltd., a rubber 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 45.4% to Rs 11.95 crores ($1.6 million) for the period ended June 30, 2020 as against net profit of Rs 21.87 crores ($2.9 million) for the previous … Read more NOCIL Ltd’s YoY Net Profit for Q1 FY20-21 Down 64%

Bhagiradha Chemicals Reports Rs 2.58 Cr YoY Net Profit for Q1 FY20-21

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Bhagiradha Chemicals & Industries Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit rose 278% to Rs 2.58 crores ($0.34 million) for the period ended June 30, 2020 as against net loss of Rs (1.45) crores ($0.19 million) … Read more Bhagiradha Chemicals Reports Rs 2.58 Cr YoY Net Profit for Q1 FY20-21

Vishnu Chemicals Reports 83% YoY Net Profit Growth for Q1 FY20-21

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Vishnu Chemicals Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit rose 147% to Rs 12.48 crores ($1.7 million) for the period ended June 30, 2020 as against net profit of Rs 5.05 crores ($0.67 million) for the … Read more Vishnu Chemicals Reports 83% YoY Net Profit Growth for Q1 FY20-21

Lanxess Exits Organic Leather Chemicals Business with Sale of its Unit to TFL

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Lanxess, a specialty chemicals company is selling its organic leather chemicals business to TFL Ledertechnik GmbH. TFL is a global supplier of leather chemicals and a portfolio company of US investment company Black Diamond Capital Management, L.L.C. Both companies signed an agreement to this effect on August 12, 2020. The purchase price comprises a fixed … Read more Lanxess Exits Organic Leather Chemicals Business with Sale of its Unit to TFL

S H Kelkar Reports 22% Decline in YoY Net Profit Growth in Q1 FY20-21

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S H Kelkar and Company Ltd., a fragrances and flavours manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit increased 23.2% to Rs 14.81 crores ($2 miilion) for the period ended June 30, 2020 as against net profit of Rs 12.02 crores … Read more S H Kelkar Reports 22% Decline in YoY Net Profit Growth in Q1 FY20-21

Nouryon to Build Expandable Microspheres Plant in the US

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Nouryon has selected Green Bay, Wisconsin, US as the location for a new facility to produce its Expancel expandable microspheres. The expansion project, which was announced last year, strengthens the company’s position in expandable microspheres, which are used to make customers’ end products lighter and reduce costs. “This new plant will meet the fast-growing demand … Read more Nouryon to Build Expandable Microspheres Plant in the US

Galaxy Surfactants Reports 7.5% Net Profit Growth YoY in Q1 FY20-21

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Galaxy Surfactants Ltd, a surfactants manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit dropped 10% to Rs 56.49 crores ($7.5 miilion) for the period ended June 30, 2020 as against net profit of Rs 62.80 crores ($8.4 miilion) for the previous … Read more Galaxy Surfactants Reports 7.5% Net Profit Growth YoY in Q1 FY20-21

UPL Opens New R&D Center in North Carolina

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UPL Ltd. announced the opening of a new, state-of-the-art research and development hub in Research Triangle Park, NC, USA. The OpenAg Center, located in the Alexandria Center for AgTech – Research Triangle at 5 Laboratory Drive, will enable UPL to leverage its advanced R&D capabilities in partnership with other innovation based companies to characterize, develop … Read more UPL Opens New R&D Center in North Carolina

Johnson Matthey to receive $150M Funding from European Development Banks for Battery Materials Project in Poland

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Johnson Matthey, a global chemicals and sustainable technologies group receives funding for a new battery materials plant in central Poland from two leading development banks. The joint financing comprises a €90 million ($105.56 million) loan from the European Bank for Reconstruction and Development and a €45 million ($52.78million) loan from KfW IPEX-Bank. Johnson Matthey will … Read more Johnson Matthey to receive $150M Funding from European Development Banks for Battery Materials Project in Poland

Transpek Reports 12.5% Net Profit Growth YoY in Q1 FY20-21

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Transpek Industry 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 dropped 84.4% to Rs 3.77 crores ($0.5 miilion) for the period ended June 30, 2020 as against net profit of Rs 24.21 crores ($3.2 miilion) for the previous … Read more Transpek Reports 12.5% Net Profit Growth YoY in Q1 FY20-21

Sudarshan Chemical Reports 57% Net Profit Decline in Q1 FY20-21

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Sudarshan Chemical Industries Ltd., a pigments 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 dropped 33.4% to Rs 18.19 crores ($2.4 miilion) for the period ended June 30, 2020 as against net profit of Rs 27.30 crores ($3.6 miilion) … Read more Sudarshan Chemical Reports 57% Net Profit Decline in Q1 FY20-21

BASF Invests to Boost Alkoxylate Capacity in Asia Pacific

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BASF has acquired land, buildings and assets of SPC (Sinopec Shanghai Petrochemical Company, Ltd., China), related to alkoxylates production, adjoining the BASF Jinshan site, in order to fulfil the growing demand from customers across Asia Pacific, especially China. With the current alkoxylate line in the Care Chemicals Jinshan plant running at full capacity, this acquisition … Read more BASF Invests to Boost Alkoxylate Capacity in Asia Pacific