India’s Asian Paints Reports 28.2% Decline in YoY Q2FY21 Net Profit

Asian Paints Ltd., a paints and coatings manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 4.8% to Rs 595.96 crores ($79.7 million) for the period ended September 30, 2021 as against net profit of Rs 568.5 crores ($76 million) for … Read more

Rallis India Reports 32% Decline in YoY Q2FY21 Net Profit

Rallis India Ltd., a agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit dropped 31.4% to Rs 56.49 crores ($7.6 million) for the period ended Sep-tember 30, 2021 as against net profit of Rs 82.34 crores ($11 million) for the previous quarter. … Read more

India’s Navin Fluorine Reports 6.7% Decline in YoY Q2FY21 Net Profit

Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 13.1% to Rs 63.22 crores ($8.4 million) for the period ended September 30, 2021 as against net profit of Rs 55.91 crores ($7.4 million) for the … Read more

India’s Ishan Dyes and Chemicals Reports 6.3% Rise in YoY Q2FY21 Net Profit

Ishan Dyes and Chemicals Ltd., a dye and dyestuff manufacturer based in India announced its results for the first quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 3.1% to Rs 3.18 crores ($0.42 million) for the period ended September 30, 2021 as against net profit of Rs 3.09 crores ($0.41 … Read more

Verdant Specialty Solutions Expands Surfactants Portfolio with the Acquisition of Baze Chemical

Verdant Specialty Solutions, a global specialty chemical company, announced the acquisition of Baze Chemical. Baze is an ethoxylate specialty chemical company based in Odessa, Texas, serving customers in the oil and gas production, water treatment, and mining industries. Baze was acquired from its founder, Mr. Curtis Baze. Terms of the acquisition were not disclosed. Through … Read more

IMCD Acquires Chinese Waterborne Coatings Solutions Firm

IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announced that IMCD China has signed an agreement to acquire Aquatech Speciality International Trading Co., Ltd. and Aquatech Speciality Trading Co., Ltd. in China. Since its establishment in 2004, Aquatech has been active in waterborne solutions in coatings, ink, and textile industries. Aquatech generated … Read more

Hexion Holdings to Launch IPO, Spinoff Epoxy Business

Hexion Holdings Corporation today announced its plan to separate into two independent companies through an IPO and spinoff of its epoxy business. The two companies will be Hexion Holdings, composed of the Company’s Adhesives and Versatic Acids and Derivatives product lines, and Hexion Coatings and Composites (US) Inc. (HCC), composed of Hexion Holdings’ former epoxy-based … Read more

India’s Anupam Rasayan Signs LOI worth Rs 145 Cr with European MNC

Anupam Rasayan India Ltd, India’s leading custom synthesis & speciality chemical player, has signed Letter of Intent (LOI) worth Rs 145 crores ($19.6 million) with existing long-term European multinational supplier of new life science related active ingredients. The company will enter into a long-term contract for next three years to supply this life science related … Read more

Huntsman announces Specialty Amines Expansion Project

Huntsman Corp. announced that its Performance Products division has completed the initial phases of a project to expand and widen its portfolio of E-GRADE specialty amines at its Conroe, Texas facility. These specialty amines also include quaternary amine alternatives to tetramethylammonium hydrox-ide (TMAH) and related products. The new facility is expected to be completed and … Read more

Azelis IPO sets Final Offer Price of IPO, Raises $2.1 Billion

Azelis SA, a chemical distributor, and its shareholders raised €1.77 billion ($2.1 billion) in the biggest Belgian initial public offering since 2007. The shares priced at €26 ($30.6), at the top end of the initial range, and will start trading on Friday, according to a statement Thursday. The IPO values Azelis at €6.1 billion ($7.2 … Read more

India’s Indokem Board Approves Amalgamation of Refnol Resins and Chemicals

The Board of directors of Indokem Limited has considered and approved a Revised Scheme of Amalgamation under Section 230 to 232 and other applicable provisions of India’s Companies Act, 2013 and the rules framed thereunder. The Scheme provides for Amalgamation of Refnol Resins and Chemicals Limited with Indokem and their respective Shareholders. The Scheme is … Read more

Private Equity Firm makes $4.3 Billion Offer to Buy Tronox

Apollo Global Management Inc, a private equity firm has approached pigment manufacturer Tronox Holdings Plc, with a $4.3 billion all-cash offer, according to a news report by Reuters. Apollo has offered $27 per share to buy Stamford, Connecticut-based Tronox. The pigment manufacturer has hired advisers to consider the bid and has yet to decide on … Read more

India’s Shree Ganesh Remedies to Acquire Controlling Stake in Dhari Chemicals

Shree Ganesh Remedies Ltd announced that its Board of Directors have decided to enter into the Share Purchase Agreement to acquire the 74% stake of Dhari Chemicals Limited (DCL). DCL was incorporated to carry on the business of manufacturing of speciality chemicals, chemical compounds (organic and in-organics) in all forms (solid, liquid and gaseous) and … Read more

Polytek Acquires Specialty Resin & Chemical

Polytek Development Corp., a manufacturer of specialty polymers, announced today the acquisition of Specialty Resin & Chemical. Polytek is a portfolio company of Arsenal Capital Partners. Founded in 2007 and located in Dowagiac, MI, Specialty Resin & Chemical is a supplier of user-friendly mold making, casting, and coating products, including bar top epoxy resin and … Read more

PPG Reports Worsening Supply Disruptions, Customer Parts Shortages

PPG announced that it expects sales volumes in the third quarter 2021 will be lower by $225 million to $275 million, compared to what the company anticipated at the start of the third quarter. PPG’s sales volumes are being impacted by the increasing disruptions in commodity supplies; further reductions in customer production due to certain … Read more

Kemira Invests in New Production Line of ASA Sizing Agent in Nanjing, China

Kemira announces a significant investment in the production of alkenyl succinic anhydride sizing agent (ASA) in China. ASA is one of the most effective and cost-efficient sizing agents for improving water-resistance in paper and packaging board. This investment into an additional, third production line at the company’s state-of-the-art Nanjing site in the Jiangsu province, will … Read more

DSM to acquire First Choice Ingredients for $453 Million

Royal DSM announced signing an agreement to acquire First Choice Ingredients, a leading supplier of dairy-based savory flavorings for an enterprise value of US$453 million. This transaction represents an EV/EBITDA multiple of 19.8x based on the estimated 2021 Adjusted EBITDA. The estimated 2021 sales amount to about US$75 million. With headquarters in Germantown (WI, USA) … Read more

Arkema Acquires Ashland’s Performance Adhesives business for $1.65 Billion

Arkema S.A. signed an agreement related to the acquisition of Ashland Global Holdings Inc.’s Performance Adhesives business for $1.65 billion. The company said that the acquisition is perfectly aligned with the Group’s ambition to become a pure Specialty Materials player by 2024. With estimated sales of around $360 million and an estimated EBITDA at a … Read more

Anupam Rasayan Signs LOI worth Rs 135 Cr with Japanese Multinational

Anupam Rasayan India Ltd has received and signed Letter of Intent (LOI) amounting Rs 135 crore ($18.5 million) with a Japanese Multinational Chemical company for supplying a life science related speciality chemical product. The specialty chemicals firm will enter into a long-term contract with the Japanese multinational firm for next four years to supply this … Read more

Phillips Carbon Black Ltd Board Approves Fund Raising

Phillips Carbon Black Ltd announced that its Board of Directors at a meeting held on Friday, 27th August, 2021, have considered and approved the raising of funds for an aggregate amount not exceeding Rs 500 crores ($68.5 million). The company plans to raise funds through issue of securities by way of private placement or preferential … Read more