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Chemical
Chemical | 03 May 2011

CRISIL assigns \'BB-\' and \'P4+\' ratings to Kamdhenu Commercial (India)\'s ban

CRISIL has assigned its "˜BB-/Stable/P4+' ratings to the bank facilities of Kamdhenu Commercial (India) Pvt Ltd (KCPL). The ratings reflect KCPL's below-average financial risk profile, marked by a small net worth and weak debt protection metrics

Chemical
Chemical | 03 May 2011

Navin Fluorine acquires 51% stake in UK-based Manchester Organics

Navin Fluorine International (NFIL), a part of the Arvind Mafatlal Group, has acquired a 51% stake in UK-based company Manchester Organics for 4.335 million pounds. Manchester Organics, a privately-held company founded in 1996, specialises in laborat

Chemical
Chemical | 03 May 2011

Bayer MaterialScience to boost polycarbonate capacity in Europe

Bayer MaterialScience is to expand production of polycarbonate at its Krefeld-Uerdingen site in Germany through an investment of about EUR 90 million. The plant\'s current annual capacity is to gradually reach 400,000 tons over the next four years in

Chemical
Chemical | 03 May 2011

OPaL awards a US$229 million contract for the HDPE plant to Samsung Engineering

Samsung Engineering was awarded a high-density polyethylene plant order contract for US$ 229 million from OPaL (ONGC Petro Additions Limited), a subsidiary of India's national oil company ONGC (Oil & Natural Gas Corporation Limited). The plant wil

Chemical
Chemical | 29 April 2011

CRISIL reaffirms \'BB/Stable/P4+\' rating of Amsal Chem

CRISIL's ratings on the bank facilities of Amsal Chem Pvt Ltd (Amsal Chem) continue to reflect Amsal Chem's weak financial risk profile marked by small net worth and large working capital requirements; and small scale of operations. These rating

Chemical
Chemical | 29 April 2011

CRISIL reaffirms \'P3+\' rating of Jupiter Dyechem

CRISIL rating on Jupiter Dyechem Pvt Ltd (Jupiter Dyechem) continues to reflect its established market position in the organic chemicals industry and the benefits that the company derives from its promoters' industry experience. The rating also ref

Chemical
Chemical | 29 April 2011

CRISIL reaffirms \'AAA/Stable\' rating of GAIL (India)

CRISIL's ratings on GAIL (India) bond programmes continue to reflect GAIL's dominant market position in the natural gas transmission and trading business in India, and the synergies among its various business segments. The rating also factors in

Chemical
Chemical | 29 April 2011

BASF India FY2011 net profit up 22%

BASF India Limited has registered significant growth in sales during the 2010-11 fiscal year compared to the previous year. Including the sales of three BASF legal entities that merged into BASF India Limited in 2010 (aggregating to Rs. 8574.2 mn, co

Chemical
Chemical | 27 April 2011

BASF to acquire ultrafiltration specialist inge watertechnologies AG

BASF has signed an agreement with the investor group of Germany-based inge watertechnologies AG to acquire the company and its ultrafiltration membrane business. "This transaction is an important step in strengthening BASF's technology and innova

Chemical
Chemical | 27 April 2011

DuPont reports Q1 2011 earnings of $1.52 per share, raises 2011 guidance on busi

"Our science-powered innovation, keen focus on customers and disciplined execution contributed to delivering outstanding results, including double-digit sales increases in every segment and in every region," said DuPont Chair and CEO Ellen Kullman. "

Chemical
Chemical | 27 April 2011

Aditya Birla Chemicals Q4 profit drops 24.3%

Aditya Birla Chemicals India reported a decline of 24.31 percent in the net profit for the quarter ended March 2011. During the quarter, the profit of the company dropped to Rs 21.16 crore from Rs 27.96 crore in the same quarter previous year. The c

Chemical
Chemical | 27 April 2011

Q4 results of Chemplast Sanmar, Clariant Chemicals (India)and Indo Rama Syntheti

[A] Chemplast Sanmar has reported net sales/ income from operations of Rs.568.85 crore for the quarter ended March 31, 2011 against Rs.361.14 crore for the quarter ended March 31, 2010. [B] Clariant Chemicals (India) has reported net sales/ income fr

Chemical
Chemical | 25 April 2011

Dow announces plans to fully integrate and grow North American performance busin

The Dow Chemical Company announced comprehensive plans to increase the company's ethylene and propylene production -- and to integrate its US operations into feedstock opportunities available from increasing supplies of U.S. shale gas in the Marcel

Chemical
Chemical | 25 April 2011

ICRA reaffirms \'LBBB-(SO)/A3(SO)\' rating on Albright & Wilson Chemicals

Credit rating agency, ICRA has reaffirmed LBBB- (SO) (Structured and A3 (SO) (Structured Obligation)) ratings to term loans aggregating to Rs 25 crore of Albright and Wilson Chemicals India (AWCIL). The outlook on the long term rating is revised from

Chemical
Chemical | 21 April 2011

GHCL redeems FCCBs worth USD 8 mn

GHCL announced that it had paid full and final outstanding amount in respect of the balance foreign currency convertible bonds (FCCBs) having face value of USD 8 million along with interest & premium thereon on March 18, 2011 before the maturity date

Chemical
Chemical | 20 April 2011

LANXESS expands capacities for Therban

Specialty chemicals company LANXESS is expanding its production capacities for Hydrogenated Nitrile Butadiene Rubber (HNBR) at its facilities in Leverkusen, Germany, and Orange, Texas, U.S., by 40 percent. This synthetic high-performance rubber is ma

Chemical
Chemical | 18 April 2011

Aditya Birla acquires Kanoria\'s chloro chem div for Rs 830cr

The Board of Directors of Aditya Birla Chemicals (India) Limited (ABCIL), a company of the Aditya Birla Group, recently approved the acquisition of the Chloro Chemicals Division (CCD) of Kanoria Chemicals & Industries Limited (KCIL) for a cash consid

Chemical
Chemical | 15 April 2011

Rhodia announces the divestment project to Novacap for its salicylic and acetami

Rhodia announces the divestment project to Novacap for its salicylic and acetaminophen activities. Salicylates, which are used as active ingredients in the pharmaceutical industry (aspirin, acetaminophen) or as synthesis intermediates (salicylic acid

Chemical
Chemical | 15 April 2011

Rhodia completes the acquisition of PI Industries\' Engineering Plastics busines

Specialty chemical producer Rhodia has completed the acquisition of the engineering plastics business of Indian company PI Industries Ltd (PIIL), after receiving approval of country's authorities.

Chemical
Chemical | 15 April 2011

CRISIL reaffirms \'AA-/Stable/P1+\' ratings of Time Technoplast

CRISIL's ratings on the bank loan facilities and short term debt programme of Time Technoplast continue to reflect the Time group's diverse customer profile and established market position in the polymer-based industrial packaging business, and s

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