Credit rating agency, ICRA has reaffirmed LBBB- (SO) (Structured and A3 (SO) (Structured Obligation)) ratings to term loans aggregating to Rs 25 crore of Albright and Wilson Chemicals India (AWCIL). The outlook on the long term rating is revised from
GHCL announced that it had paid full and final outstanding amount in respect of the balance foreign currency convertible bonds (FCCBs) having face value of USD 8 million along with interest & premium thereon on March 18, 2011 before the maturity date
Specialty chemicals company LANXESS is expanding its production capacities for Hydrogenated Nitrile Butadiene Rubber (HNBR) at its facilities in Leverkusen, Germany, and Orange, Texas, U.S., by 40 percent. This synthetic high-performance rubber is ma
The Board of Directors of Aditya Birla Chemicals (India) Limited (ABCIL), a company of the Aditya Birla Group, recently approved the acquisition of the Chloro Chemicals Division (CCD) of Kanoria Chemicals & Industries Limited (KCIL) for a cash consid
Rhodia announces the divestment project to Novacap for its salicylic and acetaminophen activities. Salicylates, which are used as active ingredients in the pharmaceutical industry (aspirin, acetaminophen) or as synthesis intermediates (salicylic acid
Specialty chemical producer Rhodia has completed the acquisition of the engineering plastics business of Indian company PI Industries Ltd (PIIL), after receiving approval of country's authorities.
CRISIL's ratings on the bank loan facilities and short term debt programme of Time Technoplast continue to reflect the Time group's diverse customer profile and established market position in the polymer-based industrial packaging business, and s
CRISIL has upgraded its ratings on the bank facilities of Industrial Solvents and Chemicals Pvt Ltd (ISCPL) to "˜BBB+/Stable/P2' from "˜BBB/Stable/P3+'. The upgrade was driven by improvement in ISCPL's financial risk profile because of health
CRISIL has upgraded its ratings on the bank facilities of Diamines & Chemicals Ltd (DACL) to "˜BBB/Stable/P3+' from "˜BBB-/Stable/P3'. The upgrade reflects significant scale-up in DACL's operations: the company's sales are estimated to have
BASF supports the announcement that Dow Chemical has signed a license agreement with Chemtura Corporation for the production of a new brominated polymeric flame retardant and that Chemtura plans to build a production facility for this substance. Dow
ICRA has placed the LA and A1 ratings outstanding against the bank lines of Huntsman International (India) Private Limited [HIIPL] and Huntsman Advance Material (India) Private Limited [HAMIPL] under rating watch with negative implications.
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.
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