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Chemical
Chemical | 17 June 2011

CARE reaffirms the ratings assigned to the bank facilities of Atul

CARE has reaffirmed the ratings assigned to the bank facilities of Atul Ltd. The revisions in the ratings primarily take into account the improvement in Atul's overall financial risk profile during FY10 and H1FY11 characterized by improvement in pr

Chemical
Chemical | 16 June 2011

EU clears acquisition of Columbian Chemicals by Birla Group

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of US-based Columbian Chemicals by Indigold Carbon, which is controlled by the Indian Aditya Birla Group, both worldwide producers of carbon black. The acquis

Petrochemical
Petrochemical | 15 June 2011

Government recommends anti-dumping duty on phthalic anhydride

Heeding to a request by manufacturers for anti-dumping duty on phthalic anhydride, the Department of Chemicals and Petrochemicals (DCPC) has recommended the levy on imports of the product from Korea, Taiwan and Israel.

Chemical
Chemical | 15 June 2011

Maire Tecnimont\'s Indian arm secures USD 440 mn polyolefin projects

Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. and its fully owned subsidiary Tecnimont ICB (TICB) of India have been awarded two EPC contracts on lumpsum turnkey basis for the realization of Polyolefin Plants for P

Petrochemical
Petrochemical | 14 June 2011

Inspection of two more Indian companies carried out by OPCW

Inspections at two Indian chemical companies based in Andhra Pradesh and Maharashtra were recently carried out by the Hague-based Organisation for Prohibition of Chemical Weapons (OPCW).

Chemical
Chemical | 14 June 2011

Sharma pushes for lowering tariff of sensitive items in SAFTA

Commerce and industry minister Anand Sharma urged the member states of SAARC to bring down all the protectionist trade barriers to achieve regional economies of scale at a much greater pace. While emphasizing that the serious attempts being made to r

Petrochemical
Petrochemical | 13 June 2011

Patel Pesticides seeks clearance for new unit in Gujarat

Patel Pesticides (India) Pvt Ltd has requested clearance from the Environment and Forests Ministry's for its pesticide manufacturing unit at Nandesari in Gujarat's Vadodara district.

Chemical
Chemical | 10 June 2011

Indian CRAMS market to reach USD 7.6 bn by 2012: ICRA

ICRA expects Indian CRAMS market to grow at a CAGR of 41.4% over the FY10-12 to reach a market size of ~US$7.6 billion with custom manufacturing leading the pack. The growth will be supported by high number of USFDA approved plants, skilled manpower

Chemical
Chemical | 10 June 2011

IFC plans $35 mn in loans for Indian-Egyptian chemical factory

IFC, a member of the World Bank Group, is providing up to $35 million in loans toward construction of a new chemical factory near Egypt's Red Sea coast, an Indian-Egyptian joint venture that will employ hundreds of people, spur the local economy an

Chemical
Chemical | 09 June 2011

No leachability study carried out on composition of gutkha: IITR

The Lucknow-based Indian Institute of Toxicology Research has said that no leachability study has been carried out with respect to composition of gutkha, which is packed in sachets to assess the safety and toxicity.

Chemical
Chemical | 09 June 2011

CRISIL assigns fundamental grade 4/5 to Sudarshan Chem

CRISIL Research has come out with its report on Sudarshan Chemical Industries. The research firm has initiated coverage on the company with a fundamental grade of "˜4/5' and has maintained the fair value of Rs 764 per share.

Chemical
Chemical | 09 June 2011

Jacobs receives contract from DuPont Titanium Technologies

Jacobs Engineering has received a contract from DuPont Titanium Technologies (DuPont) to provide full engineering procurement and construction management (EPCM) services for the company\'s Mexicotitanium dioxide capacity expansion project.

Petrochemical
Petrochemical | 08 June 2011

Pakistan wants 20 per cent reduction in India's SAFTA list

Pakistan has called for a 20 per cent reduction in India's list of sensitive items under South Asian Free Trade Area (SAFTA). The list of items provided by Pakistan includes zinc oxide and zinc peroxide; reactive dyes and preparations based thereon

Petrochemical
Petrochemical | 08 June 2011

Fund for COEs revised to Rs 4 crore

The government has kept a revised fund of Rs 4 crore for setting up of centres of excellence (COEs) during 2010-11.

Chemical
Chemical | 08 June 2011

Brief

ICRA has rating outstanding of LBB with a stable outlook and A4 to the Rs. 20 crores fund-based limits and Rs. 5 crores non-fund based limits respectively of Albright & Wilson Chemicals India Limited (AWCIL). ICRA also has long term rating of LBBB-(S

Chemical
Chemical | 08 June 2011

ICRA downgrades Saboo Sodium rating to \'LBB\'

Credit rating agency, ICRA has revised the rating assigned to the Rs 7.2 crore term loans and the Rs 2 crore million long-term fund based limits of Saboo Sodium Chloro (SSCL) from LBB+ to LBB. The outlook on the long term rating is stable.

Chemical
Chemical | 07 June 2011

Using ethanol as feedstock rather than fuel will save millions: CII

Use of ethanol as feedstock rather than as fuel can earn a net benefit of around USD 297 million, a Confederation of Indian Industry (CII) study has found.The CII had conducted a comparative analysis of economic and environmental use of ethanol for d

Petrochemical
Petrochemical | 07 June 2011

ICC provides info on 9 new chemicals under Stockholm Convention

The Indian Chemical Council (ICC) has provided information as sought by the Department of Chemicals and Petrochemicals (DCPC) on nine new chemicals included under the Stockholm Convention of Persistent Organic Pollutants (POP).

Petrochemical
Petrochemical | 06 June 2011

ICC wants amendment of dumping laws

The Indian Chemical Council (ICC) has called for amendment of dumping laws in certain areas that are of general nature cutting across several manufacturing sectors.

Chemical
Chemical | 06 June 2011

Best Value proposes to expand manufacturing unit

Best Value Chem has proposed to increase the capacity of some of its perfumery products and also discontinue some of the chemicals manufactured at its Karakhadi unit in Gujarat's Vadodara district.

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