People | 19 June 2020
Kurt Bock elected chairman of BASF Supervisory Board
Buck will succeed Jürgen Hambrecht, who is leaving the Supervisory Board as planned
Buck will succeed Jürgen Hambrecht, who is leaving the Supervisory Board as planned
Reliance Industries Limited has raised over Rs. 168,818 crore in 58 days ,making the company net debt free before original deadline of 31st March 2021.
Under the new agreement, DKSH will provide marketing and sales as well as distribution and logistics for Stepan’s specialty products for the emulsion polymerization, coatings and inks segments.
The centre is expected to begin operations by January 2021 and will provide business processing and advanced analytics capabilities in support of bp businesses worldwide.
The closure does not have any adverse effect on operations of the company as the total contribution of these units in total margin of the company is negligible.
The new entity, headquartered in Switzerland, has 48,000 employees in more than 100 countries, and had sales of US$23 billion in 2019.
The project will be set up in existing chlor alkali and derivatives complex at Dahej for proximity to key raw material like chlorine and to leverage existing infrastructure facilities.
Sasol has been reviewing its business as it grapples with high debt levels, falling oil and chemical prices and lower demand due to the COVID-19 pandemic.
Michael succeeds Dr. Winfried Steeger, who is stepping down upon reaching the retirement age specified in the Supervisory Board's Rules of Procedure.
The contract also includes the associated engineering, proprietary equipment and catalyst supply.
The sales also rose by 1.03% to Rs 1038.70 crore in the year ended March 2020 as against Rs 1028.06 crore in the corresponding previous year.
Lotte Chemical has agreed to receive 450,000 tons of PTA products per year through Hanwha General Chemical from July of this year.
Company expects the hit on turnover to be in the range of 25 to 30% and profitability to be hit by about 50% at PBT level over last year.
GHCL Limited has incorporated a wholly owned subsidiary GHCL Textiles Limited on June 17, 2020.
The chemical manufacturing giant, will reduce carbon emissions, make products reusable or recyclable, and increase recycling with the goal of being carbon neutral by 2050.
Exploration seeks to accelerate Singapore’s journey towards a more sustainable energy future
The new power plant will replace an existing reserve gas-fired power plant on site, and, in so doing, complements another, likewise new power plant that Evonik has recently begun building in Marl.
Board recommends a Final Dividend of Rs. 11 /- per share (110%).
Annual sales declined 13.98% to Rs 1084.79 crore in 2020 as against Rs 1261.04 crore last year.
The new collaboration will bring together Technip Energies’ well-established expertise in fluid bed technologies and process development with Clariant’s longstanding experience and knowledge in the development, manufacturing and supply of catalysts for the petrochemical industry.
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