The topping-out ceremony is planned for the end of June, with the handover and commissioning scheduled for December.
The company reported a drop in earnings wherein net profit of declined 11.90% to Rs 110.35 crore in the quarter ended March 2020 as against Rs 125.25 crore during the previous quarter ended March 2019.
The company has posted a net loss of Rs.6.12 crore wherein the net sales touched Rs.63.75 crore during the period ended March 31, 2020 as against Rs.78.24 crore in Q4 FY19.
The company has appointed new regional directors for Europe, Africa and Middle East.
The new chemical plant will be expected to focus more on the higher margin pharmaceutical intermediate products.
Givaudan today announced the acquisition of Alderys as part of its long term strategy to expand its capabilities in bio-engineering technologies.
Symrise AG has opened its new production site for flavorings and fragrances in Nantong, China. The company invested € 50 million in the construction of the plant.
The protective coverall is made from a combination of Non-Woven Polypropylene Fabric and further impregnated with Anti-Microbial PP Coating through a special process to increase the breathability.
Perstorp is entering the fertilizer market through the launch of Amicult K42. This chloride-free potassium source is shown to have a high solubility and absorption rate, without increasing salinity or clogging foliar and drip irrigation systems.
As a result of this disposal, Saint-Gobain has generated gross gains of €1.54 billion since May 2018.
Deepak Nitrite Limited has announced its financial results for Q4FY20 whereby the revenues stood at Rs. 526 crore as against Rs. 488 crore in Q4FY19, higher by 8% Y-o-Y. PAT stood at Rs. 116 crore in Q4FY20, as against Rs. 57 crore in Q4FY19, registering growth of 106% on a y-o-y basis.
LG Chem said on Tuesday that it will conduct a thorough safety inspection of its 40 factories worldwide for a month, after the company was hit by two recent deadly incidents at manufacturing plants in India and South Korea.
The Chemical Activity Barometer (CAB) a leading economic indicator created by the American Chemistry Council, fell 5.4 percent in May on a three-month moving average (3MMA) basis following a 5.4 percent decline in April. On a year-over-year (Y/Y) basis, the barometer fell 12.4 percent in May.
Zuari Agro Chemicals Limited NPK-A Plant at Zuarinagar, Goa has resumed operation with effect from May 25, 2020.
Going forward, Elkem will have three business divisions: Silicones, a fully integrated silicones producer; Silicon Products, a provider of silicon, ferrosilicon and related specialty products; and Carbon Solutions, a supplier of electrode paste and speciality products to the ferroalloys, silicon and aluminium industries.
The Chemical Plant PFS demonstrates the economic benefit of developing a lithium chemical business in North Carolina, USA, with its exceptional infrastructure, low operating costs and competitive tax regime.
The 3D designed unique and safe face shield provides complete protection to facial area including eyes, nose and mouth from sprays and droplets. The indigenous face shield also provides hassle free respiration and very convenient to use.
The investment at facilities in Europe and the U.S. will bring additional capacity on stream during Q1 2021.
This is part of Mondi’s efforts to mitigate the spread of COVID-19 and respond to increased demand by health authorities, businesses and consumers for face masks.
Neogen Chemicals Limited Q4 FY20 revenue was up by 3% to reach Rs. 82 crore whereas FY20 revenue was up by 28% to reach Rs. 306 crore.
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