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Chemical
Chemical | 23 June 2011

Global chemicals industry positive, with revenue growth expected in 2011: Deloit

A new report from the Deloitte Touche Tohmatsu Limited (DTTL) Global Manufacturing Industry group, Compass 2011: Global chemicals sector midyear outlook, indicates that the chemical industry is continuing to recover, with revenue growing at a compoun

Chemical
Chemical | 22 June 2011

CRISIL assigns "˜B' and "˜P4' ratings to Ideal Chemicals (India)'s bank

CRISIL has assigned its "˜B/Stable/P4' ratings to the bank facilities of Ideal Chemicals (India) Pvt Ltd (ICI). The ratings reflect ICI's weak financial risk profile, marked by small net worth, high gearing, high total outside liabilities to tan

Chemical
Chemical | 21 June 2011

BASF increases prices for polymer dispersions, powders, resins and additives

BASF will increase prices in Europe, Africa and Western Asia for polymer dispersions as well as additives by 85 Euro per metric ton and acrylic resins and redispersible powders by 140 Euro per metric ton. This price increase is necessary due to conti

Chemical
Chemical | 17 June 2011

Tech Bond proposes bulk drugs manufacturing unit

Tech Bond laboratories Pvt Ltd has proposed to manufacture bulk drugs and drug intermediates at its Anantharam unit in Andhra Pradesh's Medak district.

Chemical
Chemical | 17 June 2011

Supply shortage of Zircon to continue, further price rises unsustainable

Consumption of zircon rebounded strongly in 2010, reaching 1.33Mt, following an 18% fall in 2009 because of the global economic downturn. Growth over the last decade has come mainly from the ceramics and chemical sectors, growing by 4.1%py and 7.5%py

Chemical
Chemical | 17 June 2011

CARE reaffirms the ratings assigned to the bank facilities of Atul

CARE has reaffirmed the ratings assigned to the bank facilities of Atul Ltd. The revisions in the ratings primarily take into account the improvement in Atul's overall financial risk profile during FY10 and H1FY11 characterized by improvement in pr

Chemical
Chemical | 16 June 2011

EU clears acquisition of Columbian Chemicals by Birla Group

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of US-based Columbian Chemicals by Indigold Carbon, which is controlled by the Indian Aditya Birla Group, both worldwide producers of carbon black. The acquis

Chemical
Chemical | 15 June 2011

Maire Tecnimont\'s Indian arm secures USD 440 mn polyolefin projects

Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. and its fully owned subsidiary Tecnimont ICB (TICB) of India have been awarded two EPC contracts on lumpsum turnkey basis for the realization of Polyolefin Plants for P

Chemical
Chemical | 14 June 2011

Sharma pushes for lowering tariff of sensitive items in SAFTA

Commerce and industry minister Anand Sharma urged the member states of SAARC to bring down all the protectionist trade barriers to achieve regional economies of scale at a much greater pace. While emphasizing that the serious attempts being made to r

Chemical
Chemical | 10 June 2011

Indian CRAMS market to reach USD 7.6 bn by 2012: ICRA

ICRA expects Indian CRAMS market to grow at a CAGR of 41.4% over the FY10-12 to reach a market size of ~US$7.6 billion with custom manufacturing leading the pack. The growth will be supported by high number of USFDA approved plants, skilled manpower

Chemical
Chemical | 10 June 2011

IFC plans $35 mn in loans for Indian-Egyptian chemical factory

IFC, a member of the World Bank Group, is providing up to $35 million in loans toward construction of a new chemical factory near Egypt's Red Sea coast, an Indian-Egyptian joint venture that will employ hundreds of people, spur the local economy an

Chemical
Chemical | 09 June 2011

No leachability study carried out on composition of gutkha: IITR

The Lucknow-based Indian Institute of Toxicology Research has said that no leachability study has been carried out with respect to composition of gutkha, which is packed in sachets to assess the safety and toxicity.

Chemical
Chemical | 09 June 2011

CRISIL assigns fundamental grade 4/5 to Sudarshan Chem

CRISIL Research has come out with its report on Sudarshan Chemical Industries. The research firm has initiated coverage on the company with a fundamental grade of "˜4/5' and has maintained the fair value of Rs 764 per share.

Chemical
Chemical | 09 June 2011

Jacobs receives contract from DuPont Titanium Technologies

Jacobs Engineering has received a contract from DuPont Titanium Technologies (DuPont) to provide full engineering procurement and construction management (EPCM) services for the company\'s Mexicotitanium dioxide capacity expansion project.

Chemical
Chemical | 08 June 2011

Brief

ICRA has rating outstanding of LBB with a stable outlook and A4 to the Rs. 20 crores fund-based limits and Rs. 5 crores non-fund based limits respectively of Albright & Wilson Chemicals India Limited (AWCIL). ICRA also has long term rating of LBBB-(S

Chemical
Chemical | 08 June 2011

ICRA downgrades Saboo Sodium rating to \'LBB\'

Credit rating agency, ICRA has revised the rating assigned to the Rs 7.2 crore term loans and the Rs 2 crore million long-term fund based limits of Saboo Sodium Chloro (SSCL) from LBB+ to LBB. The outlook on the long term rating is stable.

Chemical
Chemical | 07 June 2011

Using ethanol as feedstock rather than fuel will save millions: CII

Use of ethanol as feedstock rather than as fuel can earn a net benefit of around USD 297 million, a Confederation of Indian Industry (CII) study has found.The CII had conducted a comparative analysis of economic and environmental use of ethanol for d

Chemical
Chemical | 06 June 2011

Best Value proposes to expand manufacturing unit

Best Value Chem has proposed to increase the capacity of some of its perfumery products and also discontinue some of the chemicals manufactured at its Karakhadi unit in Gujarat's Vadodara district.

Chemical
Chemical | 06 June 2011

CRISIL reaffirms ratings on Coromandel International Limited post acquisition an

CRISIL has reaffirmed its ratings on the bank facilities and debt programme of Coromandel International Ltd (Coromandel; formerly, Coromandel Fertilisers Ltd) at "˜AA+/Stable/P1+'. The reaffirmation follows Coromandel's announcement that it plan

Chemical
Chemical | 06 June 2011

RIL sees bigger opportunities in chemical business

The global chemical industry has undergone a transformation since major financial crisis of 2008. The chemical industry benefitted from industry discipline and rapid economic recovery, especially in China and India. Despite unplanned outages, the ind

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