Chemical | 14 June 2020
Domo to shut nylon film plant in Germany
The decision was a result of global overcapacity for nylon films.
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.
The COVID-19 lockdown will result in low sales volumes in Q1 FY21. Even revenue and profitability will be impacted in Q1 FY21 in line with the fall in sales volumes along with future developments under this situation.
The Nangal plant of the company in Punjab has signed an MoU with ITI, Nangal to train youth in 12 trades.
Arvind Agarwal is a senior IAS officer of the Government of Gujarat having more than 33 years experience.
The demand for companies products and supply chains has been adversely affected due to lockdown in many countries and overall slowdown in the economy.
The transaction remains subject to additional regulatory approvals and customary closing conditions.
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