Chemical | 13 July 2020
PTTGC acquires stake in Dynachem for advancing PP compound production in Thailand
Both parties expect to finalize the deal in the third quarter of 2020.
Both parties expect to finalize the deal in the third quarter of 2020.
Sales in the three months through June fell about 12% to €12.7 billion euros
Sales decline 27.58% to Rs 51.50 crore.
The company reported a jump of 152.11% and its Q4 FY20 profit stood at Rs 240.01 crore.
On 13 April, two workers were killed and another was injured after a small intermediate feed tank blast at its Tarapur M-3 plant.
The government in a notification in March 2020, had notified the revised fixed costs for urea units with an incremental fixed cost of Rs 350 per tonne for all urea units and an additional Rs 150 per tonne for urea units that converted from naphtha to natural gas and are more than 30 years old.
The acquisition will strengthen the company's position as a solution provider for key industries & would enhance market access to key growth markets.
Institutional investors that participated in the anchor allotment included Abu Dhabi Investment Authority, Axis Mutual Fund, Mirae Asset Mutual Fund, Goldman Sachs, HFDC Mutual Fund, SBI Mutual Fund, among others.
The dividend shall be paid on or after July 19, 2020.
According to RCF, the hand cleansing gel is a skin friendly moisturizer based hand-sanitizer which contains Iso Propyl Alcohol (IPA) and aloe vera extract. It is enriched with Vitamin - E and has a fresh lime fragrance.
Approximately 93 percent of respondents expect an increase in revenue growth, and 83 percent expect an increase in capacity in the next three years.
The agreement was finalized on July 2, 2020 with closing expected to take place in late July or early August 2020.
Lack of manpower led to shutting down of the operations.
Holland Chemicals' management team, led by Jonathon Rhodes, will continue to actively manage the business on a day-to-day basis.
The acquisition of the business in Thailand will enlarge Brenntag’s footprint in Southeast Asia.
Clariant will provide its extensive catalysis expertise and broad portfolio of syngas conditioning and upgrading catalysts to support Ineratec’s groundbreaking gas-to-liquid technology.
Company does not expect any major impact on profitability due to COVID-19.
Decision is part of Praj’ strategy to expand its business horizons leveraging its innovative, technology solutions in Bioeconomy.
The greenfield investment to respond to the growing demand of reliable valve technologies was announced in October 2018.
Cooperation focuses on developing and commercializing next-generation quantum dot-based specialty agricultural films for greenhouse coverings.
Subscribe To Our Newsletter & Stay Updated
