Chemical | 13 August 2020
GSFC revenue, profit plunges on weak market demand
Company's consolidated net revenue dropped by 4.91% YoY and stood at Rs1,636.58 crore
Company's consolidated net revenue dropped by 4.91% YoY and stood at Rs1,636.58 crore
Company's total income declined 9.93% YoY and stood at Rs.937.55 crores in Q1FY21.
Through this collaboration with Plastic Energy, Sealed Air is helping to eliminate plastic waste, support complementary approaches to recycling and enable its customers to incorporate recycled plastics back into their packaging.
The new venture will focus on innovation in vegetable varieties with the goal of lifting the vertical farming space to the next level of quality, efficiency and sustainability.
Production at the new plant to start from October 2020.
Net losses during the second quarter amounted to SR2.22 billion ($0.59 billion).
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DMP will be combined with ESI’s existing Chemtech metals recycling business to form MacDermid Envio Solutions.
Sales decline 37.27% to Rs 469.61 crore.
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Agreement provides Helm exclusive sales and distribution rights throughout Europe.
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The company's profit grew by 7.5% YoY and stood at Rs. 56.5 crore
As per terms of the deal, Biesterfeld will distribute pectin, carrageenan, xantham gum, gellan gum, and citrus fiber in the Czech Republic, Slovakia, Hungary, Estonia, Lithuania and Latvia.
Company to offer blended liquid and gel hand sanitizer as bulk and packaged products.
The innovation center will focus on new developments in fungicides, insecticides, herbicides and crop establishment.
Key features of the center include interactive footwear exhibits, biomechanics lab and manufacturing facilities to boost footwear design capabilities.
The acquisition is subject to anti-trust approval and is expected to be closed by September 2020.
The scope of the acquisition entails the transfer of the brand and key IP, but does not envisage the transfer of any personnel.
Company's net profit rose by 12.54% yoy and stood at Rs.3.77 crores in Q1FY21
Company's revenue declined by 64% over the previous year and stood at Rs 258.5 crore
Company's net revenue dropped by 30.55% yoy and sales stood at Rs 427.98 crore as against Rs 616.2 crore in last year.
With a broad range of sizes, readabilities, innovative features, and easy-to-connect accessories, the newly launched weighing instruments are the right combination of performance, reliability, and ease-of-use, as per the company.
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