BASF will invest in a dispersions plant in Durban, South Africa. The new plant will produce acrylic dispersions mainly for the coatings and construction industry. The facility will benefit from local availability of raw materials and proximity to key
Saudi Basic Industries Corporation (SABIC) and China Petroleum & Chemical Corporation (Sinopec) today announced a memorandum of understanding (MOU) to collaborate on polycarbonate production in China.
Saudi Basic Industries Corporation (SABIC) today reiterated its commitment to growing its presence in Asia with new investments of two Technology & Innovation Centers in China and India, and a new project to produce polycarbonate (PC) in China.
Omkar Speciality Chemicals reported a robust growth in revenues and profit after tax for the quarter ended, Mar. 31, 2011. The profit after tax for the quarter ended Mar. 31, 2011 stood at Rs. 2.97 crore as against Rs 1.34 crore in the corresponding
Petronas, in a move to expand its petrochemicals business and further spur the growth of Malaysia's oil and gas downstream sector, plans to embark on a new integrated refinery and petrochemicals complex in Southern Johor.
The chemical industry should make concerted efforts to achieve the goal of sustainable development by using the latest advancements in science and technology in all its areas of functioning, said Srikant Jena, Minister of State for Chemicals and Fert
Deepak Fertilisers And Petrochemicals Corporation Ltd. (DFPCL) today announced the financial results for the quarter ended March 31st 2011 and for the Financial Year 2010-11. For the quarter ended March 31st 2011, DFPCL has recorded Income from Opera
Specialty chemicals company Lanxess is investing EUR 17 million in the expansion of its production capacities for polychloroprene solid rubber. The expansion at the Dormagen site is scheduled for completion by the end of 2012 and will increase produc
Sumitomo Chemical announced today that it has increased its shareholding in Nufarm to 21.7% and that it plans to acquire up to an additional 1.3% of Nufarm\'s issued capital by exercising the right to purchase additional shares under Section 611 (9)
SRF Limited reported a growth of 23% in its net profit after tax (PAT) at Rs. 136 crore for the fourth quarter of 2010-11. SRF's net sales during Q4 improved by 25% to Rs. 846 crore as against Rs. 676 crore over the corresponding period last year (
Huntsman Corporation and Wilmar International Limited today announced a Memorandum of Understanding between their respective subsidiaries for Wilmar to build a state-of-the-art natural alcohol plant at Huntsman\'s chemical site in Rozenburg (Rotterda
ICRA has placed the LBBB- (pronounced L triple B minus) and A3 (pronounced A three) ratings assigned to the Rs. 36.18 crore1 bank facilities of Kiran Global Chems Limited" on notice for withdrawal for one year at the request of the company. As per
BASF has had a powerful start to 2011. Capacity utilization rates in the company\'s plants were good; in particular, demand in the chemicals business (Chemicals, Plastics, Performance Products, Functional Solutions) increased compared with the same q
Dr. Kurt Bock becomes the new Chairman of the Board of Executive Directors of BASF SE. He succeeds Dr. Juergen Hambrecht, who has been Chairman since 2003 and is now retiring.
Dorf Ketal Speciality Catalysts announced full production at its new, state-of-the-art organic titanate plant in Mundra, India. According to Sudhir Menon, Dorf Ketal chairman, the plant will produce up to 10,000 metric tonnes of the industry\'s broad
CRISIL has reaffirmed its ratings on the bank facilities of Hindustan Insecticides Ltd (HIL) at "˜BBB/Stable/P3+'. The ratings have been reaffirmed despite pressure on HIL's liquidity as a result of delays in payment of dues by its parent, the G
Fitch Ratings has assigned DCW Limited (DCW) a National Long-Term rating of \'A-(ind)\'. The outlook is stable. The ratings reflect DCW\'s established and diversified presence as well as its long operational track record in the domestic poly vinyl ch
Chemfab Alkalis Ltd has announced that the Expert Committee has inspected the industry and are satisfied with the compliance of the recommendations made by them. The Hon\'ble High Court heard the Writ Petition on April 29, 2011 and passed the Orders
ICRA has revised the ratings assigned to the Rs. 140.92 crore term loans and the Rs. 35 crore long-term, fund based facilities (increased from Rs. 18.63 crore earlier) of The Andhra Petrochemicals Limited (APL) from LBBB+ to LA-; the outlook on the r
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
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