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
CRISIL has assigned its "˜B/Stable/P4' ratings to the bank facilities of Ideal Chemicals (India) Pvt Ltd (ICI). The ratings reflect ICI's weak financial risk profile, marked by small net worth, high gearing, high total outside liabilities to tan
BASF will increase prices in Europe, Africa and Western Asia for polymer dispersions as well as additives by 85 Euro per metric ton and acrylic resins and redispersible powders by 140 Euro per metric ton. This price increase is necessary due to conti
Tech Bond laboratories Pvt Ltd has proposed to manufacture bulk drugs and drug intermediates at its Anantharam unit in Andhra Pradesh's Medak district.
Consumption of zircon rebounded strongly in 2010, reaching 1.33Mt, following an 18% fall in 2009 because of the global economic downturn. Growth over the last decade has come mainly from the ceramics and chemical sectors, growing by 4.1%py and 7.5%py
CARE has reaffirmed the ratings assigned to the bank facilities of Atul Ltd. The revisions in the ratings primarily take into account the improvement in Atul's overall financial risk profile during FY10 and H1FY11 characterized by improvement in pr
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of US-based Columbian Chemicals by Indigold Carbon, which is controlled by the Indian Aditya Birla Group, both worldwide producers of carbon black. The acquis
Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. and its fully owned subsidiary Tecnimont ICB (TICB) of India have been awarded two EPC contracts on lumpsum turnkey basis for the realization of Polyolefin Plants for P
Commerce and industry minister Anand Sharma urged the member states of SAARC to bring down all the protectionist trade barriers to achieve regional economies of scale at a much greater pace. While emphasizing that the serious attempts being made to r
ICRA expects Indian CRAMS market to grow at a CAGR of 41.4% over the FY10-12 to reach a market size of ~US$7.6 billion with custom manufacturing leading the pack. The growth will be supported by high number of USFDA approved plants, skilled manpower
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