CRISIL has assigned its "˜BB/Stable/P4+' ratings to the bank facilities of Polygon Chemicals Pvt Ltd (PCPL).The ratings reflect PCPL's susceptibility to volatility in raw material prices and intense industry competition. These rating weaknesses
ICRA has assigned a short-term rating of A1+ to the Rs 2585 crore non fund based limits (enhanced from Rs 2185 crore) of Zuari Industries Limited (ZIL). ICRA has also reaffirmed the LA+ (Stable) rating assigned to the Rs 600 crore long term fund ba
GAIL (India) Limited has recorded sustained performance in key physical as well as financial parameters in the Financial Year 2010-11. According to the audited figures, Turnover (net of excise duty) in the year 2010-11 increased by 30 per cent to Rs.
Tata Chemicals has posted 14 per cent rise in its consolidated net profit to Rs 146 crore for the quarter ended March 31, 2011. The net sales rose by 16 per cent to Rs 2,568 crore in the fourth quarter of 2010-11. Tata Chemicals\' net profit for the
Chemtura Corporation has signed a Letter of Intent(LoI) with Archean Group, headquartered in Chennai, India, to establish a strategic alliance in bromine and brominated derivatives. This alliance will build upon Archean's marine chemical facility,
YASH Technologies, a leading enterprise business and technology partner for global companies, today announced that accelerated solution for the "˜Specialty Chemicals' Industry ChemOne - SAP Business All-in-One (SAP BAiO) solutions have received qu
Georgia-Pacific Chemicals will expand capabilities at its Lufkin, Texas, facility to increase production of resins used to coat proppants for oil and gas extraction.
Prime Minister Dr. Manmohan Singh recently dedicated Bina Refinery to the nation at a ceremony held at Bina, Madhya Pradesh. The refinery has a capacity of 6 Million Metric Tonnes Per Annum (MMTPA) and is equipped with state-of-the-art technology to
With immediate effect or as contracts allow, BASF is increasing the sales prices for carbonyl chloride derivatives (CCDs) in Europe by 10 to 20 percent depending on the specific product. The price increase is necessary due to the increased production
BASF will invest in a dispersions plant in Durban, South Africa. The new plant will produce acrylic dispersions mainly for the coatings and construction industry. The facility will benefit from local availability of raw materials and proximity to key
Saudi Basic Industries Corporation (SABIC) and China Petroleum & Chemical Corporation (Sinopec) today announced a memorandum of understanding (MOU) to collaborate on polycarbonate production in China.
Saudi Basic Industries Corporation (SABIC) today reiterated its commitment to growing its presence in Asia with new investments of two Technology & Innovation Centers in China and India, and a new project to produce polycarbonate (PC) in China.
Omkar Speciality Chemicals reported a robust growth in revenues and profit after tax for the quarter ended, Mar. 31, 2011. The profit after tax for the quarter ended Mar. 31, 2011 stood at Rs. 2.97 crore as against Rs 1.34 crore in the corresponding
Petronas, in a move to expand its petrochemicals business and further spur the growth of Malaysia's oil and gas downstream sector, plans to embark on a new integrated refinery and petrochemicals complex in Southern Johor.
The chemical industry should make concerted efforts to achieve the goal of sustainable development by using the latest advancements in science and technology in all its areas of functioning, said Srikant Jena, Minister of State for Chemicals and Fert
Deepak Fertilisers And Petrochemicals Corporation Ltd. (DFPCL) today announced the financial results for the quarter ended March 31st 2011 and for the Financial Year 2010-11. For the quarter ended March 31st 2011, DFPCL has recorded Income from Opera
Specialty chemicals company Lanxess is investing EUR 17 million in the expansion of its production capacities for polychloroprene solid rubber. The expansion at the Dormagen site is scheduled for completion by the end of 2012 and will increase produc
Sumitomo Chemical announced today that it has increased its shareholding in Nufarm to 21.7% and that it plans to acquire up to an additional 1.3% of Nufarm\'s issued capital by exercising the right to purchase additional shares under Section 611 (9)
SRF Limited reported a growth of 23% in its net profit after tax (PAT) at Rs. 136 crore for the fourth quarter of 2010-11. SRF's net sales during Q4 improved by 25% to Rs. 846 crore as against Rs. 676 crore over the corresponding period last year (
Huntsman Corporation and Wilmar International Limited today announced a Memorandum of Understanding between their respective subsidiaries for Wilmar to build a state-of-the-art natural alcohol plant at Huntsman\'s chemical site in Rozenburg (Rotterda
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