ICRA has upgraded the long-term rating assigned to the term loans and fund based facilities of Deepak Nitrite (DNL) aggregating to Rs 321.6 million (reduced from Rs 706.5 million) and Rs 1.362 billion (enhanced from Rs 1.262 billion) respectively fro
Air Products recently announced that, effective April 1, 2011, or as contracts allow, it will increase prices globally by up to five percent for its range of epoxy curing agents, accelerators and adhesion promoters, and up to 10 percent for diluents
United Phosphorus Limited (UPL) has entered into an agreement to acquire a 50 percent stake in Sipcam Isagro Brazil (SlB) from Isagro. Sipcam Isagro Brazil is a 50:50 joint venture between Sipcam-Oxon group(Sipcam) and Isagro. This stake sale to UPL
Insecticides (India), an agrochemicals manufacturing company has acquired Monocil, Indias most popular agro chemical brand & highly accepted among the farming community since years. Monocil is a systemic insecticide cum acaricide with contact and sto
Bayer MaterialScience has inaugurated a manufacturing facility for polyisocyanates at Ankleshwar, in the state of Gujarat, India. Polyisocyanates are used as raw materials for the production of polyurethane coatings and adhesives. With the investment
BASF has registered over two-fold growth in net income at 1.1 billion euros ($1.51 billion) in the fourth quarter of 2010, driven by strong sales in Asia and robust performance of its chemical unit. At the company's annual press conference, Dr. Jí¼
Nova Chemicals today announced the execution of definitive agreements with Hess Corporation (Hess) and Vantage Pipeline Canada Inc./Vantage Pipeline US LP (Vantage) to purchase and transport ethane production from Hess' Tioga Gas Plant in North Dak
2010 was a record year for BASF and the company has also moved forward in its goal of expanding its leading position. Its portfolio has been further optimized through the integration of the Ciba activities and the acquisition of Cognis. In the styren
CRISIL has downgraded its rating on the long-term bank facilities of Polychroic Petrochemicals Pvt Ltd (PPPL) to "˜B-/Stable' from "˜B/Stable', while reaffirming the rating on the short-term facility at "˜P4'.
CRISIL"˜s ratings on the bank facilities of Arjun Chemicals Pvt Ltd (Arjun Chemicals) continue to reflect Arjun Chemicals' healthy financial risk profile, marked by comfortable gearing and debt protection metrics, and its established presence in t
Jacobs Engineering Group announced today that it signed a contract in Dec. 2010, with the Saudi Industrial Investment Group (SIIG) and Arabian Chevron Phillips Petrochemical Company Limited (ACP) to provide engineering, procurement and construction m
ICRA has assigned LBB+ rating to Rs. 17.50 crore fund based facilities of Godavari Polymers Private Limited (GPPL). ICRA has also assigned an A4 rating to Rs.23.50 crore non-fund based facilities of GPPL. The outlook on the long-term rating is Stable
Ube Industries Ltd and HighChem announced that they will license their technologies for transforming a synthetic gas (a mixture of carbon monoxide and hydrogen gases) derived from coal gasification into a polyester feedstock to the Chinese firm Qianx
Reliance Industries Limited (RIL) and BP today announced a historic partnership between the two companies. Mukesh Ambani, CMD, RIL and Robert Dudley, BP Group chief executive, signed the relationship framework and transactional agreements in London
BP recently confirmed that it is proceeding with its project for a major increase in purified terephthalic acid (PTA) production capacity at the BP Zhuhai Chemical Company Limited (BP Zhuhai) site in Guangdong Province, China, a JV between BP and Zhu
BASF will present its wide-ranging expertise in the field of formulation additives at European Coatings Show (ECS) to be held on March 29 to 31 in Nuremberg, Germany, The company will showcase its innovative solutions in the areas of dispersing agen
Gujarat Narmada Valley Fertilisers Company (GNFC) today said New India Assurance (NIA) company has settled the claim of Rs 141.20 crore on account of explosion in one of its boilers this month.
CRISIL has reaffirmed its ratings of "˜BB-/Stable/P4+' on the bank facilities of Rama Phosphates Ltd (RPL). The ratings continue to reflect RPL's susceptibility to adverse changes in government regulations and its limited track record of profit
The Performance Products division of Huntsman Corporation (NYSE: HUN) today announced that it is going ahead with the engineering design for a 40,000 tonne capacity expansion program at its world-scale polyetheramine facility in Singapore.
India's largest naphtha cracker plant at IndianOil's Panipat Complex was dedicated to the nation by the union minister of Petroleum and Natural Gas, S Jaipal Reddy. The Naphtha Cracker Complex, built at a cost of Rs.14,439 crore will provide a si
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