Tata Chemicals registered eported a 27 percent year-on-year drop in its standalone net profit for fiscal first quarter ended 30 June 2011 at Rs110.83 crore against Rs151.24 crore in the April-June 2010 quarter. Sales were, however, higher at Rs1,585.
UOP LLC, a Honeywell company, announced today that it has been selected by Zhejiang Julong Petrochemical Co. Ltd (ZJLPC) to provide key technology for a new unit to produce propylene at its facility in Pinghu City, Zhejiang Province, China. Honeywell
ICRA has assigned [ICRA]BB rating to the Rs. 11.10 crore fund based limits of Srichaitanya Chlorides Private Limited (SCPL). ICRA has also assigned [ICRA]A4 rating to the Rs. 1.90 crore non-fund based limits of SCPL. The outlook on the long term rat
CRISIL has revised its rating outlook on the Rs.650-million cash credit and Rs.200.2-million long-term loan facilities of Dorf-Ketal Chemicals India Pvt Ltd (DKCIPL; part of the Dorf Ketal group) to "˜Positive' from "˜Stable', while reaffirming
Plastivision trade shows, organised once in every three years since 1992 by the All India Plastics Manufacturers Association (AIPMA), will have a global touch with Plastivision Arabia - 2012 to be held in Sharjah from May 14-17 next year.
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.
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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