Chemical | 25 January 2023
OQ Chemicals expands production capacity of carboxylic acids
The new capacity is expected to be available to the market in 2024
The new capacity is expected to be available to the market in 2024
Under Phase II of expansion, the company plans to double its capacity to 33,000 MTPA along with a captive power plant at a Capex of Rs. 375 crore which is expected to be commissioned by Q3 FY24
Collaboration builds on the company launch in 2019 as a Leaps by Bayer joint-venture with Arvinas and has proven successful, meeting initial targeted milestones
The facility has an anticipated annual capacity of up to 1.8 million tons and will meet growing domestic and international demand for this clean and versatile chemical commodity.
The company has reported total income of Rs. 112.08 crores during the period ended December 31, 2022
On the pigment side, Phase 1 of the Titanium Dioxide plant with 16,500 tons capacity was commissioned on 18th January 2023
For O2C business, quarterly revenues increased on account of higher price realisation as crude oil prices went up by 11%.
PAT for Q3 FY23 down 2% at Rs 342 crore
In this phase, DCMSCL will start design & construction of its chemical plant along with R&D Lab.
Chief Economist of the American Chemistry Council believes that raw material and energy costs, slowing volumes & failing end use demand create uncertainty
IPA also inaugurated the largest trade event of Indian Paints & Coatings industry – 30th & 31st Indian Paint Conference at Taj Resort & Convention Centre in Goa
The Board of Directors of Meghmani Finechem Ltd has approved the expansion of an additional 45,000 TPA production capacity of CPVC Resin plant at Dahej, Gujarat.
The price increase will be valid for all orders starting January 1, 2023
The major utilization of this product is in pharma sector, food industry, paint industry etc.
AVEO plans to accelerate the commercialization of new anti-cancer drugs developed by LG Chem Life Sciences
The 48,000 MTPA unit has been set up at an approximate cost of Rs. 650 crore
The total cost for site - 3+ will be in the range of Rs 60 -70 crore and this will be funded by internal accruals and funding from banks
The company has reported total income of Rs. 1291.11 crores during the period ended December 31, 2022
The company has reported total income of Rs. 170.52 crores during the period ended December 31, 2022
The internal integration supports transformation of the chemical industry as well as the Catalysts expansion strategy on the way to becoming a leading global catalyst supplier for the chemical industry
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