With this acquisition, Avient now expects over 85% of adjusted EBITDA to be generated from specialty applications.
The fertilizers include DAP, APS (20:20:0:13) and NPK (10:26:26) to the farmers for the current Kharif sowing season in the country.
The expected timeline for completion of the acquisition is 31st July 2020.
The company has received an overall consideration of Rs. 595.16 crores towards the said divestiture.
On a year-over-year (Y/Y) basis, the barometer fell 12.0 percent in June.
Investment targets long-term growth in cottonseed market
The lab will be used with immediate effect for application-related laboratory activities.
The newly-acquired business manufactures a complete line of CMC grades and serves customers in over 80 countries, generating sales of around €135 million.
BASF’s process breaks down the flexible polyurethane and delivers the initially used polyol.
He has accepted the role of CEO in Germany.
The partnership will drive a significant contribution to decarbonization and recycling targets, as well as to the social and economic relaunch of the territory.
Petitions are related to imports of phosphate fertilizers from Morocco and Russia.
The e-Conference session, while discuss the survival and way forward for the industry, will also focus what should be the way for a sustainable Indian chemical industry to make the sector more resilient.
Construction on the Northern Illinois site is expected to begin early next year with the site scheduled to open by the end of 2022.
Project is aimed at improving biodiversity, increasing quality and yields of lavender and lavandin essential oils.
Production capacity increased by 40% based on growing demand from European electronics manufacturers.
New solution will help different industries such as furniture, footwear, automotive, apparel, and accessories.
Company's net profit rose 219.83% to Rs 99.50 crore as against Rs 31.11 crore in 2019.
The company reported growth of 29.03% and the net profit stood at Rs 34.36 crore
Revenue growth was driven by branded sales which increased 29% contributing 72% to the total revenue and exports which increased 6.7%.
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