Meghmani Organics 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 87.4% to Rs 83.54 million for the period ended Dec 31, 2022 as against net profit of Rs 661.49 million for the previous. Net sales decreased 14.6% … Read more
Atul 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 30.4% to Rs 1.05 billion for the period ended Dec 31, 2022 as against net profit of Rs 1.51 billion for the previous quarter. Net sales decreased 15% … Read more
Aether Industries announced the commercialization of a specialty chemical manufacturing facility in Surat, Gujarat, on Monday. The total capital expenditure for the site is estimated to be around Rs 1.90 billion. Aether Industries has raised Rs 1.63 billion from the initial public offering, representing a portion of the total investment for the new facility (IPO). … Read more
TCL Specialties LLC (TCLS), a subsidiary of TCL (Thirumalai Chemicals Limited, India), will be breaking ground this month for two manufacturing facilities in Marshall County, West Virginia – one to make food ingredients (malic and fumaric acids) and the second to make maleic anhydride. TCL Chairman Sarathy said these facilities will be located just outside … Read more
Asian Paints announced that its Board of Directors have approved setting up of a new water-based paint manufacturing facility at an approximate investment of Rs 20 billion. The company is exploring the possibility of making the investment and setting up the manufacturing facility in Madhya Pradesh, subject to the grant of requisite incentives, other approvals … Read more
KBR announced that its proprietary Vinyl Acetate Monomer (VAM) technology has been selected by Asian Paints Limited for a grassroots production facility in India. Under the terms of the contract, KBR will provide technology licensing, basic engineering, proprietary equipment, and catalyst for a 100,000 tons per annum VAM facility. KBR’s VAM technology is offered in … Read more
On Tuesday, Safex Chemicals Ltd., a manufacturer of agrochemicals, announced plans to invest Rs 1 billion in AgCare Technologies, its new agri-tech division, over the next three to four years to launch an interactive tech platform and establish a manufacturing facility. Speaking to PTI, the company’s Group Director Piyush Jindal said, “We are investing Rs … Read more
India Pesticides Limited has received environment clearance to build its agrochemicals and intermediates plant in Uttar Pradesh (Northern India). An environmental permit has been granted by the Ministry of Environment, Forest and Climate Change (Impact Assessment Division), Government of India to the company’s wholly-owned subsidiary Shalvis Specialties Ltd (SSL). This Hamirpur (UP) plant is purposed … Read more
JK Paints and Coatings (wholly owned subsidiary of JK Cement) has entered into a share purchase agreement with Acro Paints and its shareholders to acquire 60% controlling stake in the company. Acro Paints is a leading manufacturer in Northern India, of Architectural and High-performance paints and coatings. This acquisition is a step towards fast-tracking JK … Read more
The Board of Directors of Smartchem Technologies Limited (STL) at its meeting held approved a Corporate Restructuring Plan with the objective of unlocking growth potential of each of the businesses. STL is a wholly owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Limited, one of India’s leading producers of industrial chemicals and fertilisers (DFPCL). Commenting … Read more
MANE, a French fragrance and flavor firm inaugurated its new facility at Gujarat Industrial Development Corporation (GIDC) in Dahej, Gujarat. The new 20,500 sq. m facility will be MANE’s largest manufacturing plant in India. As the new plant is strategically located in one of India’s leading chemical manufacturing regions with easy connectivity to ports, the … Read more
Gulbrandsen broke ground for a new Stannous Octoate and Stannous Neodecanoate manufacturing facility at its site in Dahej, India on the 6th of December 2022. Eric Smith, President – Gulbrandsen, did a traditional coconut breaking at the India site and interacted with the members of the team. At the event, Eric emphasized Gulbrandsen’s growth vision … Read more
Nouryon announced the acquisition of an asset on Jurong Island, Singapore, to expand its alkoxylation footprint in Southeast Asia. The acquired plant will enhance Nouryon’s ability to serve growing regional customer demand in key end-markets including Agriculture and Food, Home and Personal Care, Natural Resources and Paints and Coatings. “This acquisition of a specialty surfactant … Read more
Manali Petrochemicals (MPL), a part of Singapore’s AM International, has acquired UK-based Penn Globe for £21 million. Penn Globe is a market leader in foam control agents and chemical products like lubricants, surface coatings, release agents and silicone emulsions. The boards of the two companies unanimously approved the acquisition. “The addition of Penn Globe is … Read more
Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, is announced its distributor partnership with Royal DSM, a global leader in health and nutrition. Azelis said that the partnership strengthens and expands Azelis Pharmaceuticals & Healthcare’s lateral value chain in India with the addition of DSM’s complete range of vitamins … Read more
Aksharchem announced the stoppage of vinyl sulphone (VS) production at its plant Indrad, Gujarat for maintenance. The company informed that the VS plant is due for maintenance since last maintenance which was taken five years before. Considering the planned maintenance and also ongoing prevailing adverse market condition in the recent months the company has decided … Read more
IMCD N.V., a leading distributor of speciality chemicals and ingredients, announced that it has signed an agreement to acquire 100% of the shares of Parkash DyeChem Private Limited, one of India’s leading distributors of speciality chemicals for construction and printing inks. Established in 1988 and headquartered in Delhi, India, Parkash DyeChem is an asset light … Read more
On Tuesday, Fineotex Chemical Ltd. received a specialist performance chemical order from a major FMCG manufacturer. The order is estimated to be worth Rs 1,500 million. The Company will use its Ambernath facility for production to supply the order. The order was ascribed to the company’s focus on contract execution and efforts to create long-term … Read more
Chemcon Speciality Chemicals Limited., a Indian specialty chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 69.3% to Rs 78.23 million for the period ended Sept 30, 2022 as against net profit of Rs 254.57 million for the previous quarter. Net sales fell … Read more
India Glycols Limited., a Indian chemicals manufacturer announced its results for the second quarter ended Sept 30, 2022. Q2 Results- QoQ The company’s net profit declined 13.8% to Rs 250.1 million for the period ended Sept 30, 2022 as against net profit of Rs 290.2 million for the previous quarter. Net sales fell 12.5% to … Read more