Entegris, Inc. and CMC Materials, Inc announced a definitive merger agreement under which Entegris will acquire CMC Materials in a cash and stock transaction with an enterprise value of approximately $6.5 billion. Under the terms of the agreement, CMC Materials shareholders will receive $133.00 in cash and 0.4506 shares of Entegris common stock for each … Read more
Sika is opening a new technology center and manufacturing plant for high-quality adhesives and sealants in Pune, a city in the federal state of Maharashtra in India. Developments at the new R&D laboratories and the production in the new plant are aimed at meeting the rapidly growing demand in the Indian market. On its three … Read more
BASF said it will strengthen its focus on battery materials and recycling and will establish a separate mobile emissions catalyst, automotive catalysts recycling and associated precious metal services entity. The new entity will be named BASF Automotive Catalysts and Recycling. The move came keeping in view with the automotive industry’s shift toward electromobility. The new … Read more
Baltimore-based Tilley Company, Inc., a portfolio company of SK Capital Partners, announced a merger with Phoenix Aromas and Essential Oils. Phoenix is a leading global distributor of high-quality flavor and fragrance ingredients and compounds, serving the food and beverage, personal care, pharmaceutical, air care, and fragrance markets. The combination of Tilley and Phoenix creates a … Read more
Japan’s Mitsubishi Chemical Holdings Corp (MCHC) announced plans to exit petrochemicals and carbon products businesses on its road to carbon neutrality by 2050. Japan’s largest chemicals maker said it will “carve-out” its petrochemicals and carbon products businesses by fiscal 2023. “In the medium term it is our goal to completely exit these businesses,” CEO Jean-Marc … Read more
Standard Lithium Ltd., announced that Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, has completed its US$100 million investment in Standard Lithium through a direct private placement. The Direct Investment is intended to support the Company’s strategic development goals and will be used by the Company to pursue the following objectives: Continue to … Read more
Asian Paints Ltd on Monday said it will invest Rs 9.6 billion ($127 million) to expand the manufacturing capacity of its facility situated at Ankleshwar in Gujarat. The company has signed a memorandum of understanding with the Government of Gujarat commencing the proposed expansion of manufacturing capacity of paint from 130,000 KL to 250,000 KL … Read more
Tata Chemicals Ltd. is in discussions with London-based Johnson Matthey Plc to buy the company’s battery materials business, the Mint news reported, citing two people with direct knowledge. Tata Chemicals is one of the frontrunners to acquire the assets, the two people told the Indian news daily. A deal for the battery materials unit could … Read more
PI Industries Ltd., a agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 22.6% to Rs 2.29 billion for the period ended September 30, 2021 as against net profit of Rs 1.87 billion for the previous quarter. Net sales increased … Read more
Galaxy Surfactants Ltd., a surfactants & specialty care ingredients manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 45.4% to Rs 419.4 million for the period ended September 30, 2021 as against net profit of Rs 768.2 million for the previous … Read more
IMCD N.V., a leading distributor of speciality chemicals and ingredients, announced that IMCD Indonesia has signed an agreement to acquire 100% of the shares of PT Megasetia Agung Kimia in Indonesia. Megasetia is an excellent fit with IMCD’s life science strategy and provides a significant platform for further growth in the life science segments in … Read more
Meghmani Organics Limited (MOL) is setting up a White Pigment Titanium Dioxide (TiO2) plant with 33,000 metric ton production facility at a total capex of Rs 4 billion at Dahej. Titanium Dioxide (TiO2) is used as a bright white pigment in various industries including paint, coating, plastic, ink, dyes, paper, and cosmetics etc. The company … Read more
Insecticides India Ltd., a agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 19.8% to Rs 418.78 million for the period ended September 30, 2021 as against net profit of Rs 349.6 million for the previous quarter. Net sales dcreased … Read more
Kiri Industries Ltd., a dyes and dyestuff manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 11.7% to Rs 1.01 billion for the period ended September 30, 2021 as against net profit of Rs 0.91 billion for the previous quarter. Net … Read more
Sika has signed a definitive agreement to acquire MBCC Group, the former BASF Construction Chemicals, from an affiliate of Lone Star Funds, a global private equity firm, for a consideration of around EUR 5.2 billion ($6 billion). MBCC Group is a leading supplier in construction chemicals worldwide. Headquartered in Mannheim, Germany, the group has 7,500 … Read more
Poddar Pigments Ltd., a additive masterbatches manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 8.1% to Rs 43.37 million for the period ended September 30, 2021 as against net profit of Rs 47.18 million for the previous quarter. Net sales … Read more
Bodal Chemicals Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 15.5% to Rs 252.29 million for the period ended September 30, 2021 as against net profit of Rs 298.56 million for the previous quarter. Net sales increased … Read more
Sudarshan Chemical Industries Ltd., a specialty chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 13.01% to Rs 227.59 million for the period ended September 30, 2021 as against net profit of Rs 261.64 million for the previous quarter. Net … Read more
Chemcon Speciality Chemicals Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 8.6% to Rs 145.69 million for the period ended September 30, 2021 as against net profit of Rs 134.13 million for the previous quarter. Net sales … Read more
Atul Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 11.6% to Rs 1.46 billion for the period ended September 30, 2021 as against net profit of Rs 1.66 billion for the previous quarter. Net sales increased 14.5% … Read more