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
Navin Fluorine International (NFIL), a part of the Arvind Mafatlal Group, has acquired a 51% stake in UK-based company Manchester Organics for 4.335 million pounds. Manchester Organics, a privately-held company founded in 1996, specialises in laborat
Bayer MaterialScience is to expand production of polycarbonate at its Krefeld-Uerdingen site in Germany through an investment of about EUR 90 million. The plant\'s current annual capacity is to gradually reach 400,000 tons over the next four years in
Samsung Engineering was awarded a high-density polyethylene plant order contract for US$ 229 million from OPaL (ONGC Petro Additions Limited), a subsidiary of India's national oil company ONGC (Oil & Natural Gas Corporation Limited). The plant wil
CRISIL's ratings on the bank facilities of Amsal Chem Pvt Ltd (Amsal Chem) continue to reflect Amsal Chem's weak financial risk profile marked by small net worth and large working capital requirements; and small scale of operations. These rating
CRISIL rating on Jupiter Dyechem Pvt Ltd (Jupiter Dyechem) continues to reflect its established market position in the organic chemicals industry and the benefits that the company derives from its promoters' industry experience. The rating also ref
CRISIL's ratings on GAIL (India) bond programmes continue to reflect GAIL's dominant market position in the natural gas transmission and trading business in India, and the synergies among its various business segments. The rating also factors in
BASF India Limited has registered significant growth in sales during the 2010-11 fiscal year compared to the previous year. Including the sales of three BASF legal entities that merged into BASF India Limited in 2010 (aggregating to Rs. 8574.2 mn, co
BASF has signed an agreement with the investor group of Germany-based inge watertechnologies AG to acquire the company and its ultrafiltration membrane business. "This transaction is an important step in strengthening BASF's technology and innova
"Our science-powered innovation, keen focus on customers and disciplined execution contributed to delivering outstanding results, including double-digit sales increases in every segment and in every region," said DuPont Chair and CEO Ellen Kullman. "
Aditya Birla Chemicals India reported a decline of 24.31 percent in the net profit for the quarter ended March 2011. During the quarter, the profit of the company dropped to Rs 21.16 crore from Rs 27.96 crore in the same quarter previous year. The c
[A] Chemplast Sanmar has reported net sales/ income from operations of Rs.568.85 crore for the quarter ended March 31, 2011 against Rs.361.14 crore for the quarter ended March 31, 2010. [B] Clariant Chemicals (India) has reported net sales/ income fr
The Dow Chemical Company announced comprehensive plans to increase the company's ethylene and propylene production -- and to integrate its US operations into feedstock opportunities available from increasing supplies of U.S. shale gas in the Marcel
Credit rating agency, ICRA has reaffirmed LBBB- (SO) (Structured and A3 (SO) (Structured Obligation)) ratings to term loans aggregating to Rs 25 crore of Albright and Wilson Chemicals India (AWCIL). The outlook on the long term rating is revised from
GHCL announced that it had paid full and final outstanding amount in respect of the balance foreign currency convertible bonds (FCCBs) having face value of USD 8 million along with interest & premium thereon on March 18, 2011 before the maturity date
Specialty chemicals company LANXESS is expanding its production capacities for Hydrogenated Nitrile Butadiene Rubber (HNBR) at its facilities in Leverkusen, Germany, and Orange, Texas, U.S., by 40 percent. This synthetic high-performance rubber is ma
The Board of Directors of Aditya Birla Chemicals (India) Limited (ABCIL), a company of the Aditya Birla Group, recently approved the acquisition of the Chloro Chemicals Division (CCD) of Kanoria Chemicals & Industries Limited (KCIL) for a cash consid
Rhodia announces the divestment project to Novacap for its salicylic and acetaminophen activities. Salicylates, which are used as active ingredients in the pharmaceutical industry (aspirin, acetaminophen) or as synthesis intermediates (salicylic acid
Specialty chemical producer Rhodia has completed the acquisition of the engineering plastics business of Indian company PI Industries Ltd (PIIL), after receiving approval of country's authorities.
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