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
ICRA has placed the LBBB- (pronounced L triple B minus) and A3 (pronounced A three) ratings assigned to the Rs. 36.18 crore1 bank facilities of Kiran Global Chems Limited" on notice for withdrawal for one year at the request of the company. As per
BASF has had a powerful start to 2011. Capacity utilization rates in the company\'s plants were good; in particular, demand in the chemicals business (Chemicals, Plastics, Performance Products, Functional Solutions) increased compared with the same q
Dr. Kurt Bock becomes the new Chairman of the Board of Executive Directors of BASF SE. He succeeds Dr. Juergen Hambrecht, who has been Chairman since 2003 and is now retiring.
Dorf Ketal Speciality Catalysts announced full production at its new, state-of-the-art organic titanate plant in Mundra, India. According to Sudhir Menon, Dorf Ketal chairman, the plant will produce up to 10,000 metric tonnes of the industry\'s broad
CRISIL has reaffirmed its ratings on the bank facilities of Hindustan Insecticides Ltd (HIL) at "˜BBB/Stable/P3+'. The ratings have been reaffirmed despite pressure on HIL's liquidity as a result of delays in payment of dues by its parent, the G
Fitch Ratings has assigned DCW Limited (DCW) a National Long-Term rating of \'A-(ind)\'. The outlook is stable. The ratings reflect DCW\'s established and diversified presence as well as its long operational track record in the domestic poly vinyl ch
Chemfab Alkalis Ltd has announced that the Expert Committee has inspected the industry and are satisfied with the compliance of the recommendations made by them. The Hon\'ble High Court heard the Writ Petition on April 29, 2011 and passed the Orders
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
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