Belgian plastics and chemicals company Solvay and Paris-listed Rhodia announce the signing of a framework agreement according to which Solvay will launch a friendly cash offer for 100% of the share capital of Rhodia. The cash offer at EUR 31.60 per s
Huntsman Corporation today announced that it has completed its acquisition of Indian chemical producer Laffans Petrochemicals Ltd., and has taken ownership of the manufacturer\'s 60kt ethylene oxide derivatives facility in Ankleshwar, Gujarat.
Tata Chemicals Limited (TCL) has announced a major re-branding initiative embracing its subsidiaries in UK, US and Kenya under the Tata chemicals corporate brand. The Tata brand today is well recognised in these geographies and this move of creating
BASF and PETRONAS will commence a feasibility study for a new plant for superabsorbent polymers. The companies have also decided to look into the expansion of the existing production capacities of their joint venture BASF PETRONAS Chemicals Sdn Bhd.
ExxonMobil Chemical celebrated the opening of its Shanghai Technology Center at a ceremony in Shanghai\'s Zizhu Science-Based Industrial Park. The $90-million facility represents a critical link for development of new premium products which can be ma
Dow Global Technologies LLC (DGTL), a subsidiary of The Dow Chemical Co., on Tuesday announced the invention and development of a new, high molecular weight brominated Polymeric Flame Retardant (Polymeric FR). The Polymeric FR is expected to be the \
The Dow Chemical Company and Befar Group yesterday announced a memorandum of understanding (MOU) for a new 50-50 joint venture to produce perchloroethylene (PCE), a key building block material for non-ozone depleting refrigerants used in industrial,
ICRA has assigned an LBB (pronounced L double B) rating to the Rs 1.5 crore1 term loans and Rs 10.50 crore long term fund based limits and A4 (pronounced A four) rating to the Rs. 5 crore non fund based limits of Supreme Polymers Private Limited (SPP
ICRA has upgraded the rating assigned to the Rs. 54.53 crore term loans (enhanced from Rs. 20.5 crore) and the Rs. 35.98 crore fund-based limits (enhanced from Rs. 32.5 crore) of Oriental Carbon & Chemicals Limited (OCCL) to LBBB+ from LBBB.
CRISIL's ratings on the bank facilities of Alkyl Amines Chemicals Ltd (AACL) continue to reflect AACL's leadership in the ethyl amines market, driven by its strong in-house technology and research and development (R&D) capabilities, and diversifi
The Dow Chemical Company has received the 2011 Progressive Manufacturing 100 (PM100) award in Supply Chain Mastery for developing and applying advanced Design & Modify Supply Chain (D&MSC) work processes.
Sumitomo Chemical and Samsung LED have entered into an agreement to establish a joint venture in Korea for research & development, manufacture, and sales of sapphire substrates for LEDs. This joint venture will initially start with an LED sapphire su
CARE has assigned \'AAA\' and \'PR1\' to proposed fund-based and non fund-based long-term and short-term bank facilities of GAIL (India). The rating continues to reflect GAIL's leadership position in natural gas transmission and trading business an
BASF, the world\'s leading chemical company, has received approval for a 400,000 metric tonnes per year MDI (diphenylmethane diisocyanate) project in Chongqing, China. The investment will total approximately €860 million. The facility, which will p
BASFannounced its integration plans for Cognis. BASF expects to achieve an additional EBIT of €275 million (10.6% of Cognis' 2009 net sales) through the integration. This consists of growth synergy targets to generate an additional EBIT of €135
AkzoNobel is to invest more than €60 million in boosting production capacity for its Bermocoll cellulose derivatives (paint and building material thickeners), providing additional momentum for the company's accelerated growth strategy which inclu
With immediate effect, or as contracts allow, BASF is increasing the sales prices globally for all coolants, brake fluids and specialty fluids by up to 300 Euro (or the equivalent in other currencies) per metric tonne. The price adjustments are neces
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
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