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.
The company has successfully developed key products in HALS series using in house R&D capabilities, at lab and pilot scale.
The company plans to raise funds through issue of securities via private placement or preferential issue or public issue...
Experts are stressing on the need for consolidation of all the past incidents to do data based assessment and trend analysis for future learnings and tech based prediction
The net fresh issue proceeds will be utilised for repaying debts, and working capital besides general corporate purposes.
Skill enhancement and continuous training of workforce is the need of the hour to bring down the number of accidents in agrochemical plants
The commission has been investigating the case since July 2020 based on petition filed by Novus International
The company has decided to cease production from March 31, 2023
The green hybrid bond has a formal lifetime of 60 years and majority of proceeds will be used to finance investments in Next Generation Solutions
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The new capacity will also enable INVISTA to more quickly respond to the growing demand for engineering plastics in automotive, electrical and electronics, and other application fields
The company, with this certification, has reached a new milestone in its continual effort to support sustainable fiber coloration for the textiles and plastics industries,
This agreement follows an earlier CHF 6 million investment made in 2017 by the same customer at the Carbogen Amcis Neuland location.
This initiative by Cloud Chemicals of providing ready-to-use colours for the PVC pipe industry is a good initiative in India.
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