Chemical | 30 May 2020
DFPCL bouncing back to normalcy
TAN, IPA and Ammonia plants have been continuing near normal operations.
TAN, IPA and Ammonia plants have been continuing near normal operations.
Total income for the quarter stood at Rs.2661 crore in comparison to the corresponding quarter last year of Rs.2297 crore.
The RENUVA Mattress Recycling Program will take discarded mattress foam and turn it back into raw material (polyol) through chemical recycling, the process of converting waste into feedstock.
Consolidated net profit touched Rs. 234 crore as against Rs. 110 crore for the corresponding quarter last year, an increase of 112%.
Locust Control Offices (LCOs) have conducted control operations at 15 locations in Rajasthan and Madhya Pradesh (MP).
The topping-out ceremony is planned for the end of June, with the handover and commissioning scheduled for December.
The company reported a drop in earnings wherein net profit of declined 11.90% to Rs 110.35 crore in the quarter ended March 2020 as against Rs 125.25 crore during the previous quarter ended March 2019.
The company has posted a net loss of Rs.6.12 crore wherein the net sales touched Rs.63.75 crore during the period ended March 31, 2020 as against Rs.78.24 crore in Q4 FY19.
The company has appointed new regional directors for Europe, Africa and Middle East.
The new chemical plant will be expected to focus more on the higher margin pharmaceutical intermediate products.
Givaudan today announced the acquisition of Alderys as part of its long term strategy to expand its capabilities in bio-engineering technologies.
Symrise AG has opened its new production site for flavorings and fragrances in Nantong, China. The company invested € 50 million in the construction of the plant.
The protective coverall is made from a combination of Non-Woven Polypropylene Fabric and further impregnated with Anti-Microbial PP Coating through a special process to increase the breathability.
Perstorp is entering the fertilizer market through the launch of Amicult K42. This chloride-free potassium source is shown to have a high solubility and absorption rate, without increasing salinity or clogging foliar and drip irrigation systems.
As a result of this disposal, Saint-Gobain has generated gross gains of €1.54 billion since May 2018.
Deepak Nitrite Limited has announced its financial results for Q4FY20 whereby the revenues stood at Rs. 526 crore as against Rs. 488 crore in Q4FY19, higher by 8% Y-o-Y. PAT stood at Rs. 116 crore in Q4FY20, as against Rs. 57 crore in Q4FY19, registering growth of 106% on a y-o-y basis.
LG Chem said on Tuesday that it will conduct a thorough safety inspection of its 40 factories worldwide for a month, after the company was hit by two recent deadly incidents at manufacturing plants in India and South Korea.
The Chemical Activity Barometer (CAB) a leading economic indicator created by the American Chemistry Council, fell 5.4 percent in May on a three-month moving average (3MMA) basis following a 5.4 percent decline in April. On a year-over-year (Y/Y) basis, the barometer fell 12.4 percent in May.
Zuari Agro Chemicals Limited NPK-A Plant at Zuarinagar, Goa has resumed operation with effect from May 25, 2020.
Going forward, Elkem will have three business divisions: Silicones, a fully integrated silicones producer; Silicon Products, a provider of silicon, ferrosilicon and related specialty products; and Carbon Solutions, a supplier of electrode paste and speciality products to the ferroalloys, silicon and aluminium industries.
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