Specialty chemicals group Lanxess is taking steps to adjust its asset structure in India. Production facilities in Madurai, Tamil Nadu state, will be relocated to the company's recently-opened site in Jhagadia, Gujarat state. This will affect facil
AkzoNobel's ambition to accelerate growth and increase revenue in India to €1 billion within the next five years has been underlined today by the official opening of a new Industrial Coatings plant near Bangalore. The facility, which will produce
ICRA has assigned an LBB rating to the Rs. 15 crore proposed term loans, the Rs. 6 crore proposed fund-based limits and the Rs. 12 crore proposed non-fund based limits of Lords Chloro Alkali Limited (LCAL). The outlook on the rating is stable.
BASF has started operations at its expanded plant for the production of the biodegradable plastic Ecoflex. Expansion of the existing plant in Ludwigshafen will increase production capacity for Ecoflex from 14,000 to 74,000 metric tonnes per year. At
Bayer MaterialScience inaugurated its Color Competence and Design Center in Greater Noida, near New Delhi today. This new Center provides products and solutions for polycarbonate compounds, ranging from color matching and small-scale production, to t
The Pesticide Manufacturers and Formulators Association of India (PMFAI) recently discussed European Union's (EU) role in steering proceedings at international chemical conventions.
CRISIL's ratings on Gujarat Fluorochemicals Ltd's (GFL's) bank loan facilities and commercial paper programme continue to reflect GFL's integrated operations and diversified product profile, strong liquidity, and comfortable financial risk pr
Borouge, a leading provider of innovative plastics solutions, has awarded a contract worth US$169 million to Hyundai Engineering and Construction of South Korea to build a cross-linkable polyethylene (XLPE) unit at its petrochemical plant in Ruwais,
Tata Chemicals reported a 9 percent rise in its consolidated revenues for the quarter ended December 2010 at Rs. 2890.85 crore compared to corresponding previous year quarter while bottomline fell 23 percent to Rs. 164.56 crore mainly due to increase
Effective February 1, 2010, or as contracts allow, BASF will increase prices in Europe, Africa and Western Asia for polymer dispersions as well as additives by 130 Euro per metric ton and acrylic resins and redispersible powders by 200 Euro per metri
INEOS Phenol and Sinopec Yangzi Petrochemical Company have signed a Memorandum of Understanding (MOU), agreeing the framework for the design and future operation of a phenol/acetone joint venture at the Nanjing Chemical Industrial park in Jiangsu Pro
CB&I announced that Lummus Technology has been awarded a contract by Formosa Chemicals and Fibre Corporation (FCFC) for the license and engineering design of a grassroots cumene and phenol plant to be built in Ningbo, China. This is a fourth quarter
United Phosphorus has posted a 33.5 percent increase in its consolidated net profit after tax with Income from Associate Companies of Rs 83.31 crore for the quarter ended December 31, 2010 as compared to Rs 62.85 crore for the quarter ended December
CRISIL's ratings on Sud-Chemie India Pvt Ltd's (Sud Chemie India's) short-term debt programme and bank facilities continue to reflect Sud Chemie India's strong joint venture (JV) tie-up with Sud Chemie AG (SCAG), Germany, Sud Chemie India's
CRISIL's ratings on the bank facilities of Amines & Plasticizers Ltd (APL) continue to reflect APL's weak financial risk profile marked by small cash accruals and weak debt protection metrics. These rating weaknesses are partially offset by APL"
Chemical major Gujarat Alkalies and Chemicals Limited (GACL) has entered into an agreement with a Germany-based specialty chemicals maker, Evonik Industries for setting up a multi-million hydrogen peroxide and propylene oxide (HPPO) project at Dahej
Omkar Speciality Chemicals is entering capital market with an initial public offering (IPO) of 8.10 million equity shares of Rs 10 each on January 24. The issue constitutes 41.27% of the fully diluted post issue paid-up capital of the company.
ICRA has upgraded the long-term rating outstanding on the Rs.1.25 crore term loan and the Rs. 19.03 crore fund based bank limits of India Carbon Ltd (ICL) from LBBB to LBBB+ . The outlook on the long-term rating is stable. ICRA has also upgraded the
Gujarat Flourochemicals has been awarded carbon credits for the first time since the United Nations concluded a probe into projects claiming emission reductions of industrial gases.
A major fire, which broke out at Indian Oil Corporation's lube blending plant at Taloja in Navi Mumbai in the late hours of Monday night has been completely put out by 7.30 am, with no casualties or injuries.
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