Chemical | 29 June 2020
BASF launches new PU series
New solution will help different industries such as furniture, footwear, automotive, apparel, and accessories.
New solution will help different industries such as furniture, footwear, automotive, apparel, and accessories.
Company's net profit rose 219.83% to Rs 99.50 crore as against Rs 31.11 crore in 2019.
The company reported growth of 29.03% and the net profit stood at Rs 34.36 crore
Revenue growth was driven by branded sales which increased 29% contributing 72% to the total revenue and exports which increased 6.7%.
The company reported net loss of Rs 25.66 crore in 2020 as against net profit of Rs 47.50 crore in the previous year.
He has been appointed for a period of 3 years with effect from 27th June, 2020.
Chembond Water Technologies (Thailand) Company Limited is a newly incorporated step-down subsidiary and is yet to commence its business operations.
The company does not foresee any significant impact on the business due to non-fulfilment of the obligations by any party.
The company reported 9.98% rise in consolidated net profit to Rs 62.80 crore.
As Galaxy's products go into day to day consumer needs of Personal and Home care, the company does not foresee any material demand destruction.
New production line will increase capacity by 50 million pounds of granular activated carbon per year.
The acquisition will enable Novozymes to develop products for the human health market.
DV Sadananda Gowda conveyed that the department is working on revamped PCPIR policy for supporting rapid growth of industrial clusters through a mix of right incentives.
For the full year, net profit stood at Rs.114.66 crores as against Rs.132.61 crores in 2019.
Expansion will substantially accelerate catalyst discovery, development, and overall time-to-market.
The agreement allows DSM to offer customers rapid product development iterations for filaments and pellets based on application needs.
The change will be effective from July 1, 2020.
Pragya Bhartia Barwale holds a Bachelor of Arts degree in Economics and International Relations from Brown University, USA and a Master of Science degree in Development Economics from the University of Oxford.
The company is debt-free and is having adequate cash reserves to meet its Capex requirements.
The company's sales rose 21.59% to Rs 1630.61 crore as against Rs 1341.04 crore in the previous year.
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