Chemical | 11 August 2020
UPL opens new R&D center in North Carolina
The innovation center will focus on new developments in fungicides, insecticides, herbicides and crop establishment.
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.
Clariant’s EcoCircle initiative addresses the entire process along the circular plastics value chain, and the company combines business-wide competencies and technologies to screen and develop products with outstanding circular advantages.
Company expects improvement in net profit for second half of 2020 compared with first half.
Initiative is designed to accelerate growth, reduce leverage to 3.0x by end of 2021 and Improve EBITDA margins to 9% by end of 2022.
The company aims to significantly improve farm efficiency thereby helping farmers become world-class agripreneurs, while delivering above industry RoI (Return on Investment) to its shareholders.
On-time arrival of monsoon and uninterrupted availability of agri-inputs helped the company achieve higher sales during the first quarter.
Net profit rose by 12% yoy and stood at Rs.6.11 crore as against Rs.5.45 crore previous year.
The ministry, in a draft notification issued on July 8, restricted the use of glyphosate only through pest control operators (PCOs).
The completion and handover is scheduled for October 2022.
Company's key revenue segment, pigments business saw a dip during the quarter and sales stood at Rs 341.33 crore versus Rs 396.42 crore last year.
Revenue dropped by 35.82% yoy and stood at stood at Rs 674.49 crore
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Both companies believe depolymerisation has the potential to close the loop, creating a circular economy for polystyrene making the material a more valuable polymer.
The additional proposed capacity of 30,000 TPA is expected to be commissioned in the first quarter of Financial Year 2021-22.
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