Grasim Industries Ltd (GIL) plans to commission its plants with 1.3 billion litres a year aggregate capacity by March 2024. The $1.3 billion investment of Grasim in the paint manufacturing business is likely to disrupt India’s paint industry. According to officials, the company wants to speed up the construction of paint plants in Panipat (Haryana), … Read more
Brenntag, the global market leader in chemicals and ingredients distribution, announces the partnership with the Al-Azzaz Chemicals Company via a 75/25 joint venture. While Brenntag has been active in Saudi Arabia, this joint venture greatly expands the company’s presence and footprint with one of the largest speciality chemicals distributors on the Arabian Peninsula. Henri Nejade, … Read more
OQEMA Group, a German chemical distributor has acquired hardeners and lacquers manufacturer ACC Beku. Founded in 1922, OQEMA is one of the top ten chemical distributors in Europe. The company is identifying opportunities for growth, seizing them and further expanding its presence in Europe with determination. ACC BEKU was established in 1922 and operates in … Read more
AkzoNobel is to further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion, which is subject to regulatory approvals, is expected during the course of 2023. Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around €280 million. … Read more
Royal DSM NV will merge with Swiss company Firmenich to form the largest flavours & fragrances company. The new company will have annual revenue of more than 11 billion euros ($12 billion), the companies said Tuesday. The deal is the latest stage in DSM’s ongoing transformation. DSM said last September it was to fully focus … Read more
Mitsui Chemicals, Inc. announced that it has formed an agreement to acquire the pellicle business of Asahi Kasei Corporation, said the company. According to Mitsui Chemical’s Long-Term Business plan VISION 2030, it is aiming with creating and growing a “unique” ICT Solutions business to grow products that will let it create and grow operations here … Read more
Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has reached an agreement to acquire Chemo India and Unipharm Laboratories’ distribution assets. Both companies are renowned local distributors of specialty chemicals and ingredients for the CASE (coatings, adhesives, sealants, elastomers), L&MWF (lubricants & metalworking fluids) and … Read more
Perstorp AB announced that it will be acquired by PETRONAS Chemicals Group Berhad (PCG, Kuala Lumpur, Malaysia). PCG signed a Securities Purchase Agreement on 14 May 2022 to acquire the entire equity interest in Perstorp Holding AB. The agreement was signed with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm. … Read more
Pidilite Industries Ltd., a specialty chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit declined by 16.9% to Rs 2.54 billion for the period ended March 31, 2022 as against Rs 3.06 billion for the period ended March 31, 2021. Net sales … Read more
PI Industries Ltd., a specialty chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 13.7% to Rs 2.04 billion for the period ended March 31, 2022 as against Rs 1.79 billion for the period ended March 31, 2021. Net sales … Read more
Asian Paints Ltd., a paints and coatings manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit declined by 0.2% to Rs 8.5 billion for the period ended March 31, 2022 as against Rs 8.52 billion for the period ended March 31, 2021. Net … Read more
SRF Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 59% to Rs 6.05 billion for the period ended March 31, 2022 as against Rs 3.81 billion for the period ended March 31, 2021. Net sales increased by … Read more
Privi Speciality Chemicals Ltd., a specialty chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit declined by 50% to Rs 299.14 million for the period ended March 31, 2022 as against Rs 598.6 million for the period ended March 31, 2021. Net … Read more
Meghmani Organics Ltd., a specialty chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 183.7% to Rs 1.02 billion for the period ended March 31, 2022 as against Rs 360.28 million for the period ended March 31, 2021. Net sales … Read more
Tata Chemicals Ltd., a chemicals manufacturer based in India has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 3622% to Rs 4.38 billion for the period ended March 31, 2022 as against Rs 117.7 million for the period ended March 31, 2021. Net sales increased … Read more
Fineotex Chemical Ltd., a specialty chemicals manufacturer has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit grew by 47.3% to Rs 165.24 million for the period ended March 31, 2022 as against Rs 112.22 million for the period ended March 31, 2021. Net sales increased by 56.1% … Read more
India’s Atul Reports 22.2% Decline in FY22 Q4 Net Profit Atul Ltd., an Indian chemicals manufacturer has reported financial results for the period ended March 31, 2022. Q4 Results The company’s net profit dropped by 22.2% to Rs 1.36 billion for the period ended March 31, 2022 as against Rs 1.75 billion for the period … Read more
Asahi Songwon Colors on Monday announced its entry into active pharmaceutical ingredient (API) manufacturing with the acquisition of Atlas Life Sciences Private Limited. The company has executed a Share Purchase Agreement (SPA) with Atlas Life Sciences Private Limited (ALSPL) and certain identified promoters of ALSPL for acquisition of 100% stake in ALSPL in three tranches … Read more
Baker Hughes and Dussur, a firm owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco and SABIC, have signed an agreement to form a joint venture company (JV) focused on providing oilfield and industrial chemicals in Saudi Arabia. The JV supports Baker Hughes’ efforts to better serve the chemical market in the region … Read more
Clariant’s Catalysts business has been awarded three new contracts by China’s Lihuayi Group for its upcoming petrochemicals production units. The agreements include three of Clariant’s high-performance catalysts for the production of ethylene, styrene, and propylene. Stefan Heuser, Senior Vice President & General Manager at Clariant Catalysts, commented, “We are extremely honored to be awarded this … Read more