The global chemicals industry registered decelerating growth in 2009 due to recession. Production contracted, as demand from major end-use markets such as construction, automotive, and electronics dropped drastically. Faced with declining demand, che
CRISIL’s ratings on the bank facilities of Elkay Chemicals Pvt Ltd (Elkay; part of the Elkay group) continue to reflect the Elkay group’s small scale of operations in an industry dominated by few large multinational corporations (MNCs), a
Akzo Nobel India Ltd. said that its Board of Directors in a meeting held on October 21, has announced a royalty proposal for its Paints Business, in order to gain smooth access to AkzoNobel group\'s technology and brands.
Indian Oil Corporation Ltd. (IndianOil) has registered a profit of Rs. 2,488 crore for the third quarter of the current financial year ended December 2011 as compared to a profit of Rs. 1,635 crore for the corresponding quarter of the previous year.
Honeywell announced today the opening of a new technology center in India, further expanding its technology development capabilities in key areas including refining, petrochemical, low-global-warming and nylon technologies and applications.
BASF is increasing the prices of the polyalcohols neopentylglycol (NPG), trimethylolpropane (TMP), hydroxypivalic acid neopentyl glycol ester (HPN), 1,6-hexanediol (HDO) and 1,5-pentanediol (PDO), with immediate effect or as existing contracts permit
LANXESS, the leading specialty chemicals company and the global market leader in synthetic rubber expressed its commitment to grow in the Indian chemical industry at the seminar on chemical and petrochemical industry on February 8 at Hotel Le Meridia
Clariant introduces three azo pigments that offer new opportunities for designers and producers of plastic products in India. These pigments were unveiled at the ongoing PlastIndia 2012. All three products are presented at the Clariant booth 7F-R1, w
UOP LLC, a Honeywell company, announced today that its new process technology designed to help refiners get more high-value product from each barrel of crude oil has been selected by National Refinery Limited (NRL) to maximize diesel and lubricant pr
Continuing to expand its Indian production site in Jhagadia in Gujarat, specialty chemicals maker Lanxess India said three of its production units have commenced production this month at the plant in which Rs 490 crore has been invested so far.
Total is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals 50/50 joint venture.
Fitch Ratings says that fresh investments by Indian fertiliser companies in 2012 will depend upon changes in government policies, allocation of natural gas and long-term tie-ups for key inputs.
Gujarat Alkalies and Chemicals Limited (GACL) registered a jump of over 35 percent in its net profit at Rs 25.94 crore for the quarter ended on December 31, 2011 compared to Rs 19.19 crore in the same period of the previous year.
Reliance Industries Ltd registered a 13.6 percent fall in October-December net as refining margins fell sharply and reservoir complexity pulled down gas output. RIL\'s net profit declined by 13.6 per cent to Rs 4,440 crore, or Rs 13.6 a share, in the
GAIL (India) Limited registered a turnover (net of Excise Duty) of Rs. 11,260 crore in the third quarter of FY 2011-12 as against Rs.8365 Crore, a 35 percent increase over the turnover in the corresponding period during the last financial year. GAIL&
BASF has signed a contract to sell its 50%-share in PEC-Rhin in Ottmarsheim, France, to its joint venture partner GPN, a member of the French Total Group.
Clariant announces the opening of a new crop protection laboratory by its Industrial & Consumer Specialties (ICS) Business Unit in India. The new laboratory, located at Clariant’s Kolshet site in Thane, near Mumbai, was inaugurated today by Mr.
BASF today announced that it will build a single-train 300,000 metric tonnes per year production plant for TDI (toluene diisocyanate) and expand additional plants for its precursors at its site in Ludwigshafen.
CRISIL has revised its rating outlook on Swati Menthol & Allied Chemicals Limited’s (SMACL) long-term bank facilities to ‘Positive’ from ‘Stable’, while reaffirming the rating at ‘CRISIL BB+’. The short-term
Indo Amines has sought environmental clearance from the Ministry of Environment and Forest to expand its plant capacity at Tundav. The company plans to increase the production of fatty amines and derivatives. The estimated cost of the expansion is Rs
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