Chemical | 10 August 2020
AkzoNobel India swings to loss due to lower volumes
Company's revenue declined by 64% over the previous year and stood at Rs 258.5 crore
Company's revenue declined by 64% over the previous year and stood at Rs 258.5 crore
Company's net revenue dropped by 30.55% yoy and sales stood at Rs 427.98 crore as against Rs 616.2 crore in last year.
OUAT, Bhubaneswar and IIT Delhi would work jointly in the field of Sensor Application in Agriculture, Precision Farming, Geospatial Technology, Nanotechnology, Biotechnology, and related aspects of agriculture, leading to the creation of rural livelihood opportunities.
With a broad range of sizes, readabilities, innovative features, and easy-to-connect accessories, the newly launched weighing instruments are the right combination of performance, reliability, and ease-of-use, as per the company.
Clariant’s EcoCircle initiative addresses the entire process along the circular plastics value chain, and the company combines business-wide competencies and technologies to screen and develop products with outstanding circular advantages.
Company expects improvement in net profit for second half of 2020 compared with first half.
Initiative is designed to accelerate growth, reduce leverage to 3.0x by end of 2021 and Improve EBITDA margins to 9% by end of 2022.
The company aims to significantly improve farm efficiency thereby helping farmers become world-class agripreneurs, while delivering above industry RoI (Return on Investment) to its shareholders.
On-time arrival of monsoon and uninterrupted availability of agri-inputs helped the company achieve higher sales during the first quarter.
Net profit rose by 12% yoy and stood at Rs.6.11 crore as against Rs.5.45 crore previous year.
The ministry, in a draft notification issued on July 8, restricted the use of glyphosate only through pest control operators (PCOs).
The completion and handover is scheduled for October 2022.
Company's key revenue segment, pigments business saw a dip during the quarter and sales stood at Rs 341.33 crore versus Rs 396.42 crore last year.
The country plans to launch 17 petrochemical projects by the end of the current Iranian calendar year, which ends on March 20, 2021.
Each of the four new LNG process units, the largest LNG production trains in the world, will have a production capacity of 7.8 million metric tons per year (m.t./yr).
Revenue dropped by 35.82% yoy and stood at stood at Rs 674.49 crore
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Both companies believe depolymerisation has the potential to close the loop, creating a circular economy for polystyrene making the material a more valuable polymer.
The additional proposed capacity of 30,000 TPA is expected to be commissioned in the first quarter of Financial Year 2021-22.
Net profit dropped by 20% yoy and reached Rs 5.42 crore as against profit of Rs 6.82 crore last year.
The expansion will help satisfy market growth as well as Nouryon’s own increased consumption of MCA to produce carboxymethyl cellulose (CMC), following its recent acquisition of J.M. Huber’s CMC business.
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