Vinati Organics Ltd., an Indian specialty chemicals and organic intermediates manufacturer has reported its financial results for the period ended March 31, 2021. Q4 Results For the quarter, the company has posted a net profit of Rs 70.84 crores ($9.7 million), a 5.1% decline as against Rs 74.62 crores ($10.2 million) during the prior-year quarter. … Read more
Asian Paints Ltd. has announced growth in net profit for its fourth quarter and full-year ended 31 March 2020-21. The company’s net profit grew 84.5% to Rs 852.13 crore ($115.8 million) in fourth quarter 2020-21 compared to prior year quarter’s Rs 461.89 crore ($62.7 million). Revenue from operations grew 43.4% to Rs 6726.84 crore ($913.8 … Read more
Paushak Ltd. has announced growth in net profit for its fourth quarter and full-year ended 31 March. The company’s net profit grew 73% to Rs 11.01 crore ($1.5 million) in fourth quarter 2020-21 compared to prior year quarter’s Rs 6.37 crore ($0.87 million). Revenue from operations grew 30% to Rs 39.90 crore ($5.4 million) in … Read more
Navin Fluorine International Ltd., a fluorochemicals manufacturer based in India has reported its financial results for the period ended March 31, 2020. Q4 Results The company’s net profit dropped by 73% to Rs 73.22 crores ($10 million) for the period ended March 31, 2021 as against Rs 270.08 crores ($36.8 million) for the period ended … Read more
SRF Limited, an Indian industrial and specialty intermediates manufacturer announced its consolidated financial results for the fourth quarter and full year ended March 31, 2021. Q4 Financials The consolidated revenue of the Company increased 40.6% to Rs 2620.61 crore ($356 million) in Q4FY21 as against Rs 1864.15 crore ($253.2 million) in the prior year quarter. … Read more
Deepak Nitrite Ltd., a chemical manufacturer in India, announced its results for the final quarter and financial year ended 31 March 2021. Q4 YoY Results: The company’s net profit increased 68.4% to Rs 290.11 crore ($39.2 million) in the quarter ended March 2021 as against Rs 172.3 crore ($23.3 million) during the prior year quarter. … Read more
Umicore and BASF have entered into a non-exclusive patent cross-license agreement covering a broad range of cathode materials and their precursors. The agreement also covers chemistries such as nickel manganese cobalt (NMC), nickel cobalt aluminum (NCA), nickel manganese cobalt aluminum (NMCA) and high manganese (HLM). Cathode materials are critical for the performance, safety and cost … Read more
Anupam Rasayan Ltd, an Indian speciality chemicals company, said on Wednesday it has received a letter of intent worth Rs 1,100 crore ($148.6 million) from one of the top 10 multinational life sciences company. The company will provide multiple products in life sciences related specialty chemicals for the next five years. “Securing order from a … Read more
Eastman Chemical Company announced that it has acquired 3F Feed & Food, a European manufacturer of additives for animal feed and human food. Terms of the transaction were not disclosed. Located in Spain, 3F’s business and assets are expected to strengthen and support continued global growth of Eastman’s animal nutrition business and will become part … Read more
PPG announced that it has acquired Cetelon Lackfabrik GmbH, a manufacturer of coatings for automotive and light truck wheel applications. Financial details of the transaction were not disclosed. “The strategic acquisition of Cetelon will allow PPG to further build upon its existing coatings product portfolio, liquid and powder coating technologies and color matching capabilities,” said … Read more
South Korean steelmaker POSCO will build lithium hydroxide extraction facility in Gwangyang, 300 km south of Seoul. The company also plans to invest in Argentina to further its electric vehicle battery ambitions. POSCO said on Apr. 14 that it will start the construction of the plant within the first half of 2021 to produce lithium … Read more
SK IE Technology Co., (SK IET), a material business arm of SK Innovation Co. is implementing nearly $1 billion capex to add two additional EV-focused battery separator plants in Poland to boast unrivaled economies of scale before it goes public later this year. SK Innovation said on Sunday that it is investing total 1.13 trillion … Read more
The Chemours Company, a global chemistry and advanced materials company, announced Monday afternoon that it will explore the sale of its mining solutions division in order to refocus its business and boost share value. Chemours’ has initiated a strategic review to assess the potential sale, the first step for corporations looking to sell off parts … Read more
Axalta announced that it has acquired Anhui Shengran Insulating Materials Co., Ltd., a leading Chinese producer of high-quality wire enamels used in a wide range of consumer electronics, electric vehicle, and industrial applications. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. Financial terms have not been … Read more
DuPont announced that it would acquire Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. The deal is one of several recent investments by chemical makers seeking to tap into growth in the electronics industry. Laird makes chemicals and materials that … Read more
Maroon Group LLC, a US-based chemicals distributor has acquired the raw materials and speciality chemicals distribution business of the Cary Company, a supplier to the paint, coatings, adhesives and plastics markets. Barentz said that the deal with the Cary Company fits with its strategy to support customers and principal suppliers in North America. Financial details … Read more
Dow, Inc. signed a Memorandum of Understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the Dow South China Specialties Hub. Dow South China Specialties Hub is a multi-year project providing customers local access to Dow’s portfolio of high value products and innovative technologies. “Asia Pacific is the … Read more
Chemcon Speciality Chemicals Limited, an Indian specialty chemicals manufacturer announced its results for the third quarter ended December 31, 2020. Q3 Results- QoQ The company’s net profit increased 5.71% to Rs 16.47 crores ($2.3 million) for the period ended December 31, 2020 as against net profit of Rs 15.58 crores ($2.1 million) for the previous … Read more
Specialty chemicals company LANXESS signed a binding agreement to acquire 100% shares in Emerald Kalama Chemical on February 14, 2021. Emerald Kalama is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, and is majority-owned by affiliates of the US private equity firm American Securities LLC. The enterprise value of Emerald Kalama … Read more
Lonza AG has entered into a definitive agreement with Bain Capital and Cinven to acquire Lonza’s Specialty Ingredients business and operations for an enterprise value of CHF 4.2 billion ($4.7 billion). Both Bain Capital and Cinven have strong experience in the industrials sector and an established track record of successful investments in portfolio companies. The … Read more