The company's annual revenue for FY20 from chemical segment was also down to Rs 711.96 crore as against Rs 765.34 in FY19.
The company has received a notice from the global agrochemical major, opting to terminate the 10-year contract it had entered on June 15, 2017 to supply a high-value agrochemical intermediary with application into Herbicides.
The oil and gas and chemical sectors will start recovering in Q3 2020
The acquisition of Erber Group further strengthens DSM’s expertise and reputation as a leading provider of animal health and nutrition solutions for farm productivity and sustainability, with an emphasis on emissions reduction, feed consumption efficiency, and better use of water and land.
Ahmed el-Hoshy will succeed Nassef Sawiris as CEO on 1 August.
The decision was a result of global overcapacity for nylon films.
The record-breaking installation adopted the 5,200-ton slidable hydraulic gantry lifting system for the main hoisting task, and a 2,000-ton XGC28000 crawler crane coordinated the lift from the other end.
Sales decline 12.42% to Rs 563.20 crore
Sales decline 18.74% to Rs 245.34 crore.
The minister has directed authorities concerned to take all possible steps for completing works on all the five fertilizer plants on time.
The company plans to undertake slew of cost cutting measures to salvage its business in the long run.
Segments related to automotive and aerospace industries continue to be more significantly impacted than others.
KBC's Petro-SIM optimizes total cost and ownership value of process simulation models in Oil & Gas and Chemical industries
It will help the group to provide effective lightweighting solutions to automakers and auto parts manufacturers with European bases while also responding to global demand growth.
Sales rise 18.08% to Rs 227.57 crore
The closing of the transaction is subject to the usual external approvals, as well as transitional processes at the operations, which are scheduled for completion during the course of Q3 2020.
The stripper was completed on at Schoeller-Bleckmann Nitec GmbH (SBN) in Austria, and will be stored at an SBN shop, while it awaits shipment.
Company seems confident of strong cash flow generation in the second half of the fiscal year.
Lack of manpower from workers to the supervisory level, uncertainty in supply chain and logistics issues have hampered the production seriously.
Solenis is expanding production at its Ankleshwar facility in India to manufacture its next-generation Pergafast 425 color developer for the thermal paper market.
Subscribe To Our Newsletter & Stay Updated
_195_291.jpg){kind=logo}
