Specialty Chemicals

SABIC invests in catalyst manufacturing in Saudi Arabia through the Shareek program

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SABIC’s participation in the Shareek program highlights the company’s commitment to enhancing partnerships with the private sector and supporting sustainable growth in the national economy. The program, launched by Crown Prince Mohammed bin Salman bin Abdulaziz, aims to develop public-private partnerships and build a prosperous national economy by attracting investments and developing industries associated with … Read more

Merck KGaA reports strong FY2022 sales growth

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Merck, a leading science and technology company, has reported a strong performance in the fiscal year 2022, delivering profitable growth despite challenges. The company’s group net sales increased by 12.9% (organically: 6.4%) to €22,232 million compared with the previous year, driven by all regions and business sectors, particularly Life Science. The Big 3 businesses – … Read more

Archroma Completes Acquisition of Huntsman Textile Effects and Restructures Business

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Archroma, a leading sustainable specialty chemicals and solutions provider, recently announced the completion of its acquisition of Huntsman Textile Effects, a business division of Huntsman Corporation. The acquisition, which was first announced in August 2022, adds over 2,300 employees in 33 countries and 10 production sites to Archroma’s global workforce. With this acquisition, Archroma’s global … Read more

Evonik Invests in its First Alumina Plant in Asia for Lithium-ion Battery Solutions

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Evonik, a global leader in silica manufacturing, has announced an investment in the expansion of its production plant for fumed aluminum oxide in Yokkaichi, Japan. The expansion, which is set to become operational in 2025, will be the company’s first alumina plant in Asia and will focus on the production of specialty solutions for lithium-ion … Read more

Celanese Corporation Reports Record Full-Year Earnings and Sales

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Celanese Corporation (NYSE: CE), a global chemical and specialty materials company reported its financial results for the full year and fourth quarter of 2022. The company delivered a robust financial performance in 2022 despite the challenges posed by COVID-19, supply chain disruptions, and other external factors. Net Sales: Celanese Corporation generated record net sales of … Read more

Arkema Reports Strong Financial Results, Confirms Targets for Growth

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Arkema, a French multinational chemical company, has announced its 2022 full-year financial results, reporting impressive growth in sales and EBITDA, despite a challenging macroeconomic environment. The company also provided its outlook for 2023, which includes the continuation of its strategic priorities and the implementation of its cutting-edge innovation focused on sustainable development and decarbonization. Sales … Read more

Evonik Invests in Chinese Graphene Battery Specialist SuperC

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Evonik, a global specialty chemicals company, has made a significant investment in Chinese battery specialist SuperC. SuperC is a leading innovator in using graphene materials to improve the range, robustness, charging speed, and service life of lithium-ion batteries, which can help overcome key limitations in electric vehicles and accelerate the transition to eco-friendly mobility. According … Read more

Huntsman to Close on the Sale of its Textile Effects Division

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Huntsman Corporation announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28, 2023. The agreed purchase price was $593 million in cash plus assumed pension liabilities, and Huntsman … Read more

Univar Solutions partners with SI Group to expand API portfolio

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Univar Solutions Brasil Ltda., a subsidiary of Univar Solutions Inc., a leading global solutions provider to users of specialty ingredients and chemicals, announced a distribution agreement with SI Group for Ibuprofen, an active pharmaceutical ingredient (API) used to produce ibuprofen drugs for the pharmaceutical market. “Our strategic relationship with SI Group provides customers in Brazil … Read more

DuPont’s 2022: A Year of Robust Organic Sales Growth

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DuPont, a leading global chemical company, recently released its fourth quarter and full year 2022 results. The company’s net sales showed a decline in the fourth quarter of 2022, while it increased in the full year 2022. In this article, we will delve into the details of DuPont’s financial performance and analyze the key drivers … Read more

Navin Fluorine Expands Capacity with Two New Plants

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Navin Fluorine International Limited, a major player in India’s specialty chemicals sector, has recently begun production at two international plants – one for the manufacture of a key agro-chemical intermediate and another Multi-Purpose Plant. The plants have been established by the company’s subsidiary, Navin Fluorine Advanced Sciences Limited (NFASL). The manufacture of this key agro-chemical … Read more

Gujarat Fluorochemicals Reports 60.9% Growth in YoY Net Profit for Q3 FY23

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Gujarat Fluorochemicals Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The chemical company has reported a decrease in sales revenue by 3.11% in Q3 FY2023 as compared to Q2 FY2023. The sales revenue has decreased from Rs 14.8559 billion in Q2 … Read more

Balaji Amines Reports 30.1% Drop in YoY Net Profit for Q3 FY23

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Balaji Amines Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 32.4% to Rs 625.72 million for the period ended Dec 31, 2022 as against net profit of Rs 925.69 million for the previous quarter. Net … Read more

Solenis acquires Grand Invest Gp to expand its Latin American water treatment portfolio

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Solenis, a leading global producer of specialty chemicals, completed the acquisition of the stock of the Grand Invest Group on February 6, 2023. As part of the acquisition, Solenis will acquire all Grand Invest Group operating assets, including key strategic production and warehousing facilities. Headquartered in Lima, Peru, the Grand Invest Group serves a range … Read more

Sumitomo Chemical Acquires U.S. Biostimulant Business

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Sumitomo Chemical has decided to acquire FBSciences Holdings, Inc., a U.S. company engaged in the business of biostimulants, a group of naturally-derived agricultural materials and a class of biorationals*. The acquisition is due to be completed subject to the prescribed procedures. Biorationals, which have a global market valued today at about $10 billion, about one-tenth … Read more

Berger Paints India Ltd Reports 20.5% Drop in YoY Net Profit for Q3 FY23

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Berger Paints India Ltd, an Indian multinational paints and coatings manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit dropped by 8.4% to Rs 2.01 billion for the period ended Dec 31, 2022 as against net profit of Rs 2.19 billion for … Read more

SRF Ltd Reports 1.2% Growth in YoY Net Profit for Q3 FY23

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SRF Ltd, an Indian chemicals manufacturer announced its results for the third quarter and nine months ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit grew by 6.24% to Rs 5.11 billion for the period ended Dec 31, 2022 as against net profit of Rs 4.81 billion for the previous quarter. Net sales … Read more

Sasol Chemicals and Holiferm to develop and market sustainable surfactants

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Holiferm Limited and Sasol Chemicals, a business unit of Sasol Ltd., announced a collaboration to produce and market rhamnolipids and mannosylerythritol lipids (MELs). This collaboration expands the partnership announced in March 2022 between the two companies to develop and commercialise another biosurfactant product, sophorolipids. The partnership will use Holiferm’s proprietary technology to develop the fermentation-derived … Read more

Pidilite Industries Ltd Reports 15.2% Drop in YoY Net Profit for Q3 FY23

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Pidilite Industries Ltd, an Indian specialty chemicals manufacturer announced its results for the third quarter ended Dec 31, 2022. Q3 Results- QoQ The company’s net profit declined by 8.5% to Rs 3.04 billion for the period ended Dec 31, 2022 as against net profit of Rs 3.32 billion for the previous quarter. Net sales decreased … Read more

Meghmani Organics commissions Titanium Dioxide plant

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Meghmani Organics Limited announced commissioning of Phase 1 of Titanium Dioxide (TiO2) plant at Dahej, Gujarat with an installed capacity of 16,500 metric tonnes per annum (MTPA). Meghmani had acquired Kilburn Chemicals Limited for Rs 1.32 billion in December 2021 by making 100% upfront payment. Post which the company incurred total capex to the tune … Read more