Company has approved sale of the land and building of the manufacturing unit situated at Village Nimbut in Pune for a consideration of Rs. 12.35 crore and the plant and machinery of the undertaking for a consideration of Rs. 95 lakh to Jubilant Life Sciences Limited (JLL).
With the acquisition of the Brazilian-based company, Sun Chemical will increase its specialty inks and coatings offering in Latin America.
The plant has restarted on a trial basis from 31st August 2020 and will be operating at its full capacity by 10th September, 2020 and is expected to produce approximately 470 MT per day.
Industrial volumes will come online by the third quarter 2022.
These are the first registrations of inpyrfluxam and inpyrfluxam products outside Japan.
Company's net profit grew by 93.96% YoY and stood at Rs. 130.4 crore
Alliance will center on sales of degassing modules for water treatment with the aim of broadening sales channels in Asia, the United States and Europe.
The manufacturing of four new specialty chemicals is expected to be completed during FY 2020-21.
The new facility will produce Methyl, Butyl, and Octyl Tin Stabilizers, further expanding the global reach of its Mark Tin Stabilizer portfolio.
The company's sales dropped by 29.7% YoY and stood at Rs. 65.40 crores.
The acquisition gives the company accelerated access to unique low curing technology that will open up exciting new market opportunities.
Company is the second largest coating company in India and a market leader in industrial coatings in the country.
In the month of August 2020, Container Terminal 3 at Mundra port handled 212,613 TEUs creating a national record of highest volume handled by any terminal in a month in India.
Company's first quarter stood at Rs. 44.5 crore as against Rs. 85.06 crore in the same period last year.
Company expects to deliver about one ton of high purity CBG through fermentation as an alternative to the traditional production method of extraction from the Cannabis sativa L. plant.
India has initiated anti-dumping investigation concerning imports of rubber chemical PX-13 from China, South Korea and USA. The investigation was initiated on the application filed by NOCIL Limited which alleged that material injury to the domestic industry is being caused due to dumped imports from China PR, Korea RP, and USA.
According to the agreement, New Energy will supply BASF with up to 4,000 metric tons of pyrolysis oil per year derived from waste tires.
Program will run from 1st -15th September 2020 where all PSUs and other organizations under the Department are participating in the Swachhta Abhiyan in a big way.
Methanol will be the first product to be distributed to customers in Indonesia.
This opportunity will enable Veolia to build the French world champion in ecological transformation, while accelerating international development and strengthening the new entity’s capacity for innovation.
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