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

DKSH Expands Distribution Partnership with DSM to India

DKSH’s Business Unit Performance Materials, a leading distributor of specialty chemicals and ingredients, has expanded its existing partnership with DSM Human Nutrition and Health to India. Under the agreement, DKSH will provide marketing and sales as well as distribution and logistics for DSM’s range of standard premixes for the food and beverage industry, including concepts … Read more

Sika Acquires Full-Range Waterproofing Firm in China

Sika acquires Shenzhen Landun Holding Co., Ltd., a manufacturer of waterproofing systems in China. Landun offers a comprehensive range of waterproofing products and technologies, perfectly complementing Sika’s existing portfolio. The combined offering will provide new growth opportunities in the fast-growing Chinese waterproofing market. Financial terms of the deal were not disclosed. Landun is a highly … Read more

LANXESS Plans $1.3 Billion Acquisition of IIF’s Microbial Control Business

LANXESS AG announced it plans to acquire the microbial control business from New York-based International Flavors & Fragrances (IFF) in a deal valued at $1.3 billion. According to a company press release, LANXESS expects the deal to be completed in the second quarter of 2022 following approval from regulators. It will be Lanxess’s second-largest acquisition … Read more

Sime Darby Plantation divests Emery JV’s Asia Pacific Business

Malaysia’s Sime Darby Plantation (SDP) and PTT Global Chemical (PTTGC) have divested their collective 100% equity interest in the Asia Pacific business of Emery Oleochemicals and Emery Specialty Chemicals to Edenor Technology in a deal worth RM38 million ($9 million). Emery Oleochemicals, Emery Specialty Chemicals and their subsidiaries are a 50:50 joint venture between Sime … Read more

India’s Bodal Chemicals to Sell One of its Units at Ankleshwar

Bodal Chemicals Ltd has decided to sell its Unit – VI, situated at Plot No. 606,607, G.I.D.C., Panoli, Nr. Ankleshwar, Dist. Bharuch, Gujarat. The company said that Unit-VI is inoperative and is not a significant unit in terms of revenue or net worth of the company. Also, it stated that the company has not calculated … Read more

India’s Meghmani Organics Reports 136.5% Rise in YoY Q1FY21 Net Profit

Meghmani Organics Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 90.3% to Rs 68.56 crores ($9.2 million) for the period ended June 30, 2021 as against net profit of Rs 36.02 crores ($4.8 million) for the … Read more

Indorama Ventures to Acquire Oxiteno for $1.3 Billion

Indorama Ventures Public Company Limited (IVL) agreed to acquire Brazil-based Oxiteno S.A. Indústria e Comércio, a subsidiary of Ultrapar Participações S.A. The acquisition gives IVL a unique portfolio in high-value surfactants and significantly extends its existing Integrated Oxides and Derivatives (IOD) business. Oxiteno is a leading integrated surfactants producer, catering to highly attractive end-use markets … Read more

India’s Bodal Chemicals Reports 251.4% Rise in YoY Q1FY21 Net Profit

Bodal Chemicals Ltd., a dyes & chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 27% to Rs 29.85 crores ($4 million) for the period ended June 30, 2021 as against net profit of Rs 23.57 crores ($3.2 million) for … Read more

India’s Ishan Dyes and Chemicals Reports 83% Rise in YoY Q1FY21 Net Profit

Ishan Dyes and Chemicals Ltd., a dye and dyestuff manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 11.2% to Rs 3.09 crores ($0.42 million) for the period ended June 30, 2021 as against net profit of Rs 3.48 crores ($0.47 … Read more

Himadri Speciality Chemical India Reports 279% Rise in YoY Q1FY21 Net Profit

Himadri Speciality Chemical Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 36.5% to Rs 14.51 crores ($2 million) for the period ended June 30, 2021 as against net profit of Rs 22.84 crores ($3.1 million) for … Read more

India’s IOL Chemicals & Pharmaceuticals Reports Decline in Net Profit; Sets up New API Unit

IOL Chemicals and Pharmaceuticals Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 11% to Rs 67 crores ($9 million) for the period ended June 30, 2021 as against net profit of Rs 75.25 crores ($10.1 million) for … Read more

Clariant Chemicals India Reports 279% Rise in YoY Q1FY21 Net Profit

Clariant Chemicals (India) Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 30.5% to Rs 14.31 crores ($1.9 million) for the period ended June 30, 2021 as against net profit of Rs 10.97 crores ($1.5 million) for … Read more

Galaxy Surfactants Reports 36% Rise in YoY Q1FY21 Net Profit

Galaxy Surfactants Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit dropped 2.4% to Rs 76.82 crores ($10.3 million) for the period ended June 30, 2021 as against net profit of Rs 78.68 crores ($10.6 million) for the … Read more

India’s Pidilite Industries Reports 722% Rise in YoY Q1FY21 Net Profit

Pidilite Industries Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 28.1% to Rs 220.07 crores ($29.6 million) for the period ended June 30, 2021 as against net profit of Rs 306.19 crores ($41.2 million) for the … Read more

India’s Laxmi Organic Industries Reports 379.3% YoY Net Profit Growth in Q1FY21-22

Laxmi Organic Industries Ltd., a specialty chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit grew 182% to Rs 102.32 crores ($13.8 million) for the period ended June 30, 2021 as against net profit of Rs 36.34 crores ($4.9 million) for … Read more

India’s NACL Industries Reports 155% YoY Net Profit Growth in Q1FY21-22

NACL Industries Ltd., a agrochemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 18.5% to Rs 14.25 crores ($1.9 million) for the period ended June 30, 2021 as against net profit of Rs 17.49 crores ($2.4 million) for the previous … Read more

India’s Hikal Reports 237% YoY Net Profit Growth in Q1FY21-22

Hikal Ltd., a chemicals manufacturer based in India announced its results for the first quarter ended June 30, 2021. Q1 Results- QoQ The company’s net profit declined 0.8% to Rs 50.54 crores ($6.8 million) for the period ended June 30, 2021 as against net profit of Rs 50.92 crores ($6.9 million) for the previous quarter. … Read more