Solvay announced that it has reached an agreement with private equity firm Latour Capital to sell its technical-grade barium and strontium business in Germany, Spain and Mexico as well as its sodium percarbonate business in Germany. Solvay’s barium and strontium business includes a joint venture with Chemical Products Corporation (CPC), which is part of the … Read more
Sudarshan Chemical Industries Ltd (SCIL), the largest pigment manufacturer in India (with >35% market share) is aiming to achieve the top 3rd position globally by market share by focusing on its core business, developing R&D, expanding to new markets, and improving manufacturing and operations. Currently, SCIL is the fourth-largest pigment manufacturer by market share, globally. … Read more
Bodal Chemicals Ltd announced diversification into Benzene downstream products and expansion of Sulphuric Acid & Derivatives. The company intends to build a benzene plant with 55,000 MTPA capacity and expand Sulphuric Acid capacity to 340,000 MTPA at Saykha GIDC, Bharuch, Gujarat. The company said that these products will further enhance ‘Specialty Chemicals Segment’ for Bodal … Read more
Clariant Chemicals Limited., an Indian subsidiary of specialty chemicals gaint Clariant AG announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company reported a net profit of Rs 191.8 crores for the period ended September 30, 2020 as against net profit of Rs 2.7 crores for the previous quarter. … Read more
Croda International Plc agreed to buy Iberchem for 820 million euros ($973 million) as Europe’s largest cosmetic-ingredients maker expands into highly competitive fragrances market. Croda said on Wednesday it plans to raise 600 million pounds ($798 million) in equity to help pay for the purchase of the asset from private equity firm Eurazeo SE. Iberchem … Read more
Valiant Organics Limited., a specialty chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit increased 24.4% to Rs 30.7 crores for the period ended September 30, 2020 as against net profit of Rs 24.68 crores for the previous quarter. Net sales … Read more
Elementis PLC, a British speciality chemicals company has rejected Minerals Technologies Inc’s all-cash buyout offer as the valuation for the company of $819 million was too low. The offer would represent a premium of 31% to Elementis’s closing price of 81.70 on November 4, the day before the approach. With 580.8 million shares in issue, … Read more
Chemcon Speciality Chemicals Limited., a speciality chemicals manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit increased 76.4% to Rs 15.58 crores for the period ended September 30, 2020 as against net profit of Rs 8.83 crores for the previous quarter. Net sales grew 34.1% … Read more
Pidilite Industries Ltd announced that the company has completed the acquisition of 100% stake in Huntsman Advanced Materials Solutions Private Limited (HAMSPL), on 3rd November 2020. As such, HAMSPL will now be a subsidiary of Pidilite Industries Ltd, the company said. At its meeting on October 28, the board of Pidilite Industries approved a definitive … Read more
Hikal Limited., a chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 79.7% to Rs 26.95 crores for the period ended September 30, 2020 as against net profit of Rs 15 crores for the previous quarter. Net sales increased 5.5% … Read more
Evonik announced that the company completed the acquisition of desulfurization catalyst rejuvenation firm, Porocel Group for US$ 210 million, as planned. Porocel’s global activities in the field of desulfurization catalyst rejuvenation, sulfur recovery catalysts, and alumina-based purification adsorbents represent an expansion of Evonik’s catalyst portfolio. Evonik is integrating the company into the Smart Materials Business … Read more
UPL Limited., an agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 30% to Rs 104 crores for the period ended September 30, 2020 as against net profit of Rs 149 crores for the previous quarter. Net sales grew 19% … Read more
Paushak Ltd., a specialty chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 29.2% to Rs 6.11 crores for the period ended September 30, 2020 as against net profit of Rs 8.63 crores for the previous quarter. Net sales fell … Read more
PI Industries Ltd., one of the leading agrochemicals manufacturers in India announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 49.6% to Rs 217.6 crores for the period ended September 30, 2020 as against net profit of Rs 145.5 crores for the previous quarter. Net … Read more
BASF is pressing ahead with its key growth projects, particularly its planned China Verbund site and battery technology sites in Europe, CEO Martin Brudermuller said on Wednesday, despite the need to cut costs in the wake of the coronavirus pandemic. The growth potential of the projects justifies the scale of the expenditure, Brudermuller said, despite … Read more
Sudarshan Chemical Industries Ltd., India’s leading pigments manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 66.7% to Rs 30.33 crores for the period ended September 30, 2020 as against net profit of Rs 18.19 crores for the previous quarter. Net sales increased 22.2% … Read more
Asian Paints Ltd., a leading paints and coatings manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 280.1% to Rs 830.37 crores for the period ended September 30, 2020 as against net profit of Rs 218.45 crores for the previous quarter. Net sales increased … Read more
Anaven, a 50-50 joint venture of Nouryon and Atul, has received the environmental clearance for its 32,000 metric tons monochloroacetic acid (MCA) plant in Gujarat, India. Construction is due to be completed this year to supply MCA to the Indian market by the end of the year. Rob Vancko, Nouryon’s Head of MCA and Chairman … Read more
Rallis India Ltd., an agrochemicals subsidiary of Tata Chemicals Ltd announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit declined 10% to Rs 82.95 crores ($11.3 million) for the period ended September 30, 2020 as against net profit of Rs 91.87 crores ($12.5 million) for the … Read more
Givaudan, a Swiss multinational manufacturer of flavours, fragrances and active cosmetic ingredients opened its new fragrance production facility in Changzhou, China. China remains a key growth market for innovative and consumer-preferred fragranced products for Givaudan which is in line with the recently announced 2025 strategy. The Changzhou production facility, costing more than CHF 100 million … Read more