Manus Bio will use its advanced bio-fermentation platform and industrial manufacturing capabilities to develop a robust production process at the volumes and costs required to enable widespread use as biopesticides.
Company generated free cash flow of €233 million for the second quarter, up 89.8% compared to previous year.
Decision based on several representations from the industry
Sales in the three months through June fell about 12% to €12.7 billion euros.
Sales dropped due to COVID-19 pandemic, which triggered a downturn in overseas caustic soda market conditions, weak petrochemical product sales prices, and lower export volumes of dental materials to Europe and the United States.
It is made from non-edible and de-oiled Neem cake fertiliser, originating from Maharashtra.
New classes of actives will be produced, such as pDNA and mRNA-based vaccines.
The transaction was examined under the normal merger review procedure.
Since March, the company has distributed more than 10 million yards of reusable medical fabrics in response to the global shortage of personal protective equipment (PPE)
Sales drop to $1,247 million YoY versus $1,784
Sales decline 38.79% to Rs 30.39 crore.
The transaction with AOC is expected to close prior to the end of calendar year 2020, contingent on customary regulatory approvals and standard closing conditions.
The annual production capacity is planned to be 50,000 tons of cellulosic ethanol, processing around 250,000 tons of wheat straw, which is an abundant resource in the region, also known as the granary of Bulgaria.
The transaction is expected to close in the second half of 2020.
The acquisition marks Versalis’ entry into the high-performance formulated polymer applications sector, extending its positioning towards businesses that are more resilient to the volatility of the chemical scenario.
The operating ammonia urea plant was temporarily shut down on July 1, 2020, due to the non-execution of amendment to the escrow agreement of the company.
Company's annual revenue drops to Rs. 676.73 crore compared to Rs. 769.39 crore of previous year
Sales decline 67.98% to Rs 262.14 crore
With this agreement, Azelis will lead the distribution arm of the Coatings, Adhesives, Sealants & Elastomers (CASE) business both in the United States and Canada.
Company's net profit stood at Rs 51.79 crore in Q1 FY21 as against Rs. 14.67 crore last year.
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