ICRA has assigned an LBBB- rating to the Rs. 10 crore cash credit facility of Mayur Dye-Chem Intermediates Limited (MDCIL). The outlook for the rating is stable. ICRA has also assigned an A3 rating to the Rs. 1.50 crore, short-term, non-fund based fa
Effective immediately, or as existing contracts permit, BASF is raising its prices for propionic acid in Europe by 200 Euro per ton and in Asia by 200 US-Dollars per tonne. BASF is a leading supplier of propionic acid with production facilities at it
Uhde has begun construction of its first ever skid-mounted chlor-alkali electrolysis plant. Uhde was awarded the contract by Leuna-Harze GmbH, one of Europe\'s leading producers of epoxy resin, to build a turnkey membrane electrolysis plant with an a
Lanxess India, the specialty chemicals company, won the IMC (Indian Merchants Chamber) Ramakrishna Bajaj national quality award 2010 in the "˜manufacturing category'. This is the highest category of award for quality from an Indian industry body a
Sunshield Chemicals had signed a global supply pact with Elantas GmbH, the division electrical insulation within the ALTANA Group, a global leader in specialty chemicals field. Elantas GmbH has renewed agreement for a further period of 5 years upto
Specialty Chemicals Company LANXESS is to increase its prices for Lewatit and Ionac ion exchange resins by up to 10 percent globally. The price increases, which will take immediate effect, are due to the increasing cost of utilities, transportation a
Camlin Fine Chemicals announced that it has successfully closed the deal on March 09, 2011 for acquiring Borregaard, Italy S.p.A..The company, however, did not disclose the size of the deal and details of the acquisitions.
Fitch Ratings has upgraded India-basedKiri Dyes and Chemicals (KDCL) National Long-term rating to BBB+(ind) from \'BBB(ind)\'. The outlook is positive.
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
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