The acquisition of Quimdis provides Azelis in EMEA with an important foothold in the growing non-cyclical markets of flavors and fragrances, synergistic opportunities in animal nutrition, and expands its offering in nutraceuticals
The increase will take effect October 1, 2021, or as contracts and agreements allow.
On a year-over-year (Y/Y) basis, the barometer rose 12.5% in August (3MMA).
The facility is expected to increase Huntsman’s global capacity and to provide more flexibility and innovative technologies for the polyurethane, coatings, metalworking, and electronics industries
The company aims to continue its expansion via organic and inorganic growth routes to increase production capacity and product portfolio
Company considers the investment a strategic step to expand its activities into inorganic UV filters and decorative cosmetics
The two companies are partnering to develop polypropylene using carbon transformation, an approach that takes into account the global health crisis and climate change
Mica pigment currently contributes in low single digits to overall revenue of Sudarshan Chemical.
The DGTR had recommended ‘immediate ceasing’ of anti-dumping duty on Barium Carbonate imports from China.
The DGTR has recommended the duty after conducting a sunset review investigation on the imports.
The Gujarat Pollution Control Board has issued a revocation order for resumption of operations in SRFs P2 and the two other allied plants.
Orion’s new facility in Huaibei in the eastern province of Anhui is expected to be completed late next year and to begin operating in 2023
LG Chem is starting to produce transparent ABS (high value-added synthetic resin) using a chemically recycled raw material.
The startup of the production facility is anticipated to be in mid-2024
The offer was made on the basis of a US$ 1,650 million enterprise value, i.e. 15x the estimated 2021 EBITDA after taking into account the tax benefits linked to the structure of the transaction
The demerged undertaking also includes a part of the specialty chemical business, which is a backward integrated facility providing feeding material to the pharma business.
Operating income rose to Rs 147 crore in fiscal 2021, from Rs 125 crore in fiscal 2020.
There will be at least 30 companies in India that will cross the US $1 bn revenue mark in the next seven years.
The company will enter into a long-term contract with the Japanese multinational firm for next four years to supply this life science related speciality chemical product.
The positive outlook reflects Ind-Ra's expectation of a sustained improvement in CIL's profitability in FY22.
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