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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

Chemical
Chemical | 06 June 2011

Performance of RIL\'s petrochemical division in 2010-11

Reliance maintained its leadership in the domestic market with a commodity polymer production share of 47%. RIL's polymer production for the year remained unchanged despite turnaround activities carried out during the year. RIL's cracker operatin

Chemical
Chemical | 03 June 2011

CRISIL reaffirms ratings on Nirma Limited

CRISIL has reaffirmed its "˜AA/Stable/P1+' ratings on Nirma Ltd's (Nirma's) outstanding debt programme and bank facilities. The ratings continue to reflect Nirma's healthy financial risk profile and established market position in the deterge

Chemical
Chemical | 02 June 2011

LyondellBasell to seek buyer for Berre, France refinery

LyondellBasell today announced its intention to seek a buyer for the 105,000 barrels-per-day refinery at Berre, France operated by its subsidiary, Compagnie Petrochimique de Berre S.A.S (CPB). An investment banking firm will be retained to assist wit

Chemical
Chemical | 01 June 2011

Insecticides (India) FY11 net profit rises 14%

Insecticides (India), one of the fastest growing companies in agrochemicals Industry, posted a 20% rise in revenues and a 14% jump in the net profit for the FY 2010-11, over the previous year. While the company saw its net profit touching Rs. 32.21

Chemical
Chemical | 01 June 2011

Ashland to acquire International Specialty Products

Ashland Inc. and International Specialty Products Inc. (ISP) today announced that Ashland has agreed to acquire privately owned ISP, a global specialty chemical manufacturer of innovative functional ingredients and technologies. Under the terms of th

Chemical
Chemical | 31 May 2011

Indian Oil Corporation Q4 net profit 3905.16 crore?

Indian Oil Corporation Ltd. (IndianOil) has reported an excellent performance for the year 2010-11. Riding on a robust performance driven by the highest ever sales of petroleum products and high capacity utilization of refineries and pipelines, the C

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