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Chemical
Chemical | 02 August 2011

R P Intermediates proposes drugs manufacturing unit in UP

R P Intermediates has approached the Environment and Forest Ministry seeking environmental clearance for its proposed drug intermediates manufacturing plan at Shernagar in Uttar Pradesh's Muzaffarnagar district.

Chemical
Chemical | 02 August 2011

BASF and CSM explore a bio-based succinic acid joint venture

BASF SE and Purac, a subsidiary of CSM nv, today announce the start of negotiations to form a joint venture for the production of bio-based succinic acid. The companies have been conducting research under a joint development agreement on bio-based su

Chemical
Chemical | 02 August 2011

CRISIL places ratings on Chambal Fertilisers and Chemicals on \'Watch Developing

CRISIL has placed the bank facilities and debt instruments of Chambal Fertilisers and Chemicals Ltd (Chambal) on "˜Watch with Developing Implications' following Chambal's announcement of demerging its shipping business into Indian Steamship Ltd

Chemical
Chemical | 01 August 2011

GACL Q1 net up 144%

GACL\'s net profits jumped to Rs 46.40 crore for the first quarter of the current fiscal from Rs 19.01 crore registered last year, showing a steep rise of 144 per cent on year-on-year basis. M S Dagur, MD of the company stated that company has achiev

Chemical
Chemical | 01 August 2011

Praj bags US$22mn Ethanol Plant order in Colombia

Praj Industries has won a contract for a large Ethanol plant in Colombia from Isolux Corsan of Spain who are the main contractors for the project of Bioenergy S.A. Under the contract Praj will supply the main process plant for ethanol production incl

Chemical
Chemical | 22 July 2011

BASF to build world-scale production site for customer specific antioxidant blen

BASF will significantly expand its presence in the Middle East region by building a state-of-the-art plant for customer specific antioxidant blends (CSB) in Bahrain. CSBs are key additives for the production of polymers for the plastics industry, esp

Chemical
Chemical | 21 July 2011

Dow, Mitsui to Launch Biopolymer JV with sugarcane-to-ethanol plant

The Dow Chemical and Mitsui announced the formation of a new joint venture and execution of a Memorandum of Understanding (MOU) aimed at providing innovative and sustainable product solutions to the global high-performance flexible packaging, hygiene

Chemical
Chemical | 19 July 2011

CRISIL revises rating outlook on Meghmani Organics to \'Stable\'

CRISIL has revised its rating outlook on the long-term bank facilities of Meghmani Organics Ltd (Meghmani) to "˜Stable' from "˜Positive', and has reaffirmed the rating at "˜CRISIL A'. The rating on the company's outstanding short-term bank

Chemical
Chemical | 19 July 2011

BASF India Q1 net profit rises 8%

BASF India has registered significant growth in sales during the quarter ended June 30, 2011 compared to the corresponding quarter of the previous year, with an increase of 54 percent. On a comparable basis (post merger of the three BASF legal entiti

Chemical
Chemical | 12 July 2011

Control of NPPA over multi-vitamins, mineral tablets reviewed

The Chemicals and Fertilisers Ministry has reviewed the situation arising out of the recent incidents of doping, raising concerns about the composition of various multivitamin drugs being sold in the market.

Chemical
Chemical | 05 July 2011

Berger Paint\'s STD Programme-Rated amount enhanced

CRISIL's ratings on Berger Paints India Ltd's (Berger Paints') short-term debt programme and bank facilities continue to reflect Berger Paints' established position in the decorative paints segment, and market leadership in the protective coa

Chemical
Chemical | 30 June 2011

Details on chemical industry sought ahead of India-Mexico meet

The Department of Commerce has sought information from the Department of Chemicals and Petrochemicals (DCPC) on issues related to the chemical industry that can be raised at the upcoming meeting of the India-Mexico Bilateral High-Level Group on trade

Chemical
Chemical | 24 June 2011

Sterling Chemicals to be acquired by Eastman Chemical

Sterling Chemicals announced today that it has entered into a definitive merger agreement pursuant to which Eastman Chemical Company will acquire all of the outstanding equity of Sterling Chemicals for $100 million in cash, subject to certain adjustm

Chemical
Chemical | 24 June 2011

Total continues to rationalize its European downstream portfolio

Total has signed a sale and purchase agreement to sell most of its Marketing assets in the United Kingdom, the Channel Islands and the Isle of Man to Rontec Investments LLP, a consortium led by Snax 24, one of the leading independent forecourt operat

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

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