Huntsman Corporation has announced that it has branded its world leading spray polyurethane foam (SPF) Business as Huntsman Building Solutions (HBS).
The credit rating of HIL (India), a PSU under the Department of Chemicals and Petrochemicals, Ministry of Chemicals and Fertilizers has been upgraded to BBB- from BB which is a stable investment grade.
The company has commenced production of IPA at its manufacturing facility located at Dahej with an installed capacity of 30,000 TPA. The plant will make IPA from Acetone that it manufactures in the same facility thus mitigating the supply side risks.
The company has seen a steep increase in the demand for Glass Lined equipment over the last 18 months mainly driven by the Indian chemical (Agrochemical & Specialty) & pharma industry which continues to grow strongly.
Indo Amines Limited (IAL) has entered into a Joint Venture cum Collaboration Agreement with a Thailand based Company, Optimal Tech Co. Ltd for manufacturing various specialities like Blended Emulsifiers for Agro, Fertiliser Additives, BKC, etc.
The company's consolidated operating revenue increased to Rs. 5,911mn, up 18% versus Rs. 5,026mn in FY19.
UPL Limited Q4FY20 revenue from operations has shown a growth of 26% to reach Rs. 11,141 crore vis-a-vis Rs. 8,872 crore in Q4FY19.
In her new role, Alonso will also be responsible for the company’s Environmental, Social and Governance (ESG) activities.
The contract price has been set at US$ 230 per tonne of potash fertilizers on the terms of delivery to the buyer’s port (CFR), and to a greater extent reflects the current market situation, in contrast to the commercial terms of the Chinese contract, which were considered suboptimal by most companies in the industry.
The facility is scheduled to begin operation in the second quarter of 2021.
In FY 2019-20, the company registered revenue from operations of Rs. 36,094 million, compared to Rs. 31,673 million in the previous year.
The Board of Directors of BASF India Limited at its Meeting held on 22nd May, 2020 approved the proposal to evaluate options regarding acquisition of 100% stake in BASF Performance Polyamides India Pvt. Ltd.
The company's Q4 revenue from operations has increased 56 percent to reach Rs. 277 crore whereas FY2019-20 revenues has increased by 17% to reach Rs. 1,015 crore.
As per the company, the outbreak of Coronavirus (COVID-19) globally and in India and subsequent lockdown by the Government of India has impacted business operation of the group.
The lower level of chemical activity is directly related to supply chain disruptions and the lockdown of much of the U.S. economy during April.
MagIQ Non-Woven Electret Plus improves the dielectric properties in face masks, extending filtration efficiency and the length of time masks will hold a charge.
This was earlier approved by the Cabinet Committee on Economic Affairs in March, 2006 under the rehabilitation package for HOCL.
The drop in revenue is equally attributable to both chemical and textiles which is largely due to softer pricing and COVID-19 impact resulting in lower volumes.
Fairchem Speciality Limited and Insecticides (India) Limited have resumed their operations as per guidelines of central government and state governments.
The company has decided to provide about 70% of the funds necessary for NanoScent, a startup company in Israel, to develop a rapid diagnostic sensor for COVID-19, using their scent recognition devices.
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