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
Phillips Carbon Black Ltd., India’s largest carbon black manufacturer announced its results for the second quarter ended September 30, 2020. Q2 Results- QoQ The company’s net profit grew 2187% to Rs 58.09 crores ($7.9 million) for the period ended September 30, 2020 as against net profit of Rs 2.54 crores ($0.35 million) for the previous … Read more
Shin-Etsu Chemical will make facility investments totaling ¥30 billion ($285 million) to expand its photoresists business manufacturing bases in Japan and Taiwan. It will carry out production capacity expansion at its subsidiary company, Shin-Etsu Electronics Materials Taiwan Co., Ltd. (located in Douliu City, Yunlin County, Taiwan) and the Naoetsu Plant of Shin-Etsu Chemical Co., Ltd., … Read more
Ardian, a private investment firm, announced that it has acquired a 50% ownership stake in Angus Chemical Company from Golden Gate Capital at a total enterprise value of approximately $2.25 billion. Golden Gate Capital, which initially acquired Angus in February 2015 from The Dow Chemical Company, will retain a 50% stake in Angus. Additional terms … Read more
AkzoNobel announced that it is building a new powder coatings plant in Chungli, Taiwan with a €20-million ($23.6 million) investment. The fully automated plant will have the increased production capacity to fulfill growing demand in the architecture, auto accessories, telecommunications, electronic components, furniture, domestic appliances, sports equipment and machine tools markets. The powder coatings plant … Read more
Mitsui Chemicals, Inc. announced that group company SDC Technologies, Inc. has acquired COTEC GmbH. Engaged in the manufacture, sale and research of hydrophobic and anti-reflective coatings, COTEC became a wholly owned subsidiary of SDC on October 1, 2020. The Mitsui Chemicals Group’s Vision Care Materials Division boasts a diverse product range. Its ophthalmic lens materials … Read more
Vinati Organics Ltd. informed the stock exchanges about incorporation of new entity Veeral Organics Private Limited as subsidiary of the company. “Vinati Organics Ltd. has subscribed to the Memorandum & Articles of Associations to the extent of 99% of the share capital of Veeral Organics Private Limited, which has been incorporated under the Indian Companies … Read more
Chemcon Speciality Chemicals, an Indian specialty chemicals provider for pharma and oil well industries, issued a Rs 318 crore ($43.3 million) IPO which opened for subscription on Monday. The Vadodara-based company is offering a fresh issue of equity shares, aggregating up to Rs 165 crore ($22.5 million) and offer for sale of up to 4,500,000 … Read more
LG Chem Ltd. will spin off its secondary battery business into a wholly owned subsidiary in a move to foster its automotive battery business, according to The Korea Economic Daily. The final decision will be made at a Sept. 17 board meeting. LG Chem plans to list the newly established subsidiary to raise funds that … Read more
Vipul Organics Ltd., a dyestuff and intermediates manufacturer based in India announced its results for the first quarter ended June 30, 2020. Q1 Results- QoQ The company’s net profit grew 241% to Rs 1.09 crores ($0.15 million) for the period ended June 30, 2020 as against net profit of Rs 0.32 crores ($0.043 million) for … Read more
BASF Agricultural Solutions acquired the proprietary Glu-L technology for L-glufosinate ammonium from AgriMetis, an industry leader in biotechnological innovations for crop protection. With this technology, BASF will provide farmers with a more efficient solution and improved formulation to protect against troublesome weeds. “The Glu-L technology builds on BASF’s continued commitment to innovative solutions that help … Read more