CARE has assigned \'AAA\' and \'PR1\' to proposed fund-based and non fund-based long-term and short-term bank facilities of GAIL (India). The rating continues to reflect GAIL's leadership position in natural gas transmission and trading business an
BASF, the world\'s leading chemical company, has received approval for a 400,000 metric tonnes per year MDI (diphenylmethane diisocyanate) project in Chongqing, China. The investment will total approximately €860 million. The facility, which will p
BASFannounced its integration plans for Cognis. BASF expects to achieve an additional EBIT of €275 million (10.6% of Cognis' 2009 net sales) through the integration. This consists of growth synergy targets to generate an additional EBIT of €135
Chemplast Sanmar has sought the Ministry of Environment and Forest\'s clearance for increasing the production capacity of its PVC resin plant at Cuddalore from 170,000 TPA to 226,000 TPA. The company earlier appointed Business Consulting Group (BCG)
AkzoNobel is to invest more than €60 million in boosting production capacity for its Bermocoll cellulose derivatives (paint and building material thickeners), providing additional momentum for the company's accelerated growth strategy which inclu
According to the Department of Chemicals and Petrochemicals (DCPC), the major petrochemicals registered a growth of 9.92% during April 2010-Jan 2011. During this period, polymers and performance plastics also registered significant growth of 12.26%
With immediate effect, or as contracts allow, BASF is increasing the sales prices globally for all coolants, brake fluids and specialty fluids by up to 300 Euro (or the equivalent in other currencies) per metric tonne. The price adjustments are neces
ICRA has assigned an LBBB- rating to the Rs. 10 crore cash credit facility of Mayur Dye-Chem Intermediates Limited (MDCIL). The outlook for the rating is stable. ICRA has also assigned an A3 rating to the Rs. 1.50 crore, short-term, non-fund based fa
Effective immediately, or as existing contracts permit, BASF is raising its prices for propionic acid in Europe by 200 Euro per ton and in Asia by 200 US-Dollars per tonne. BASF is a leading supplier of propionic acid with production facilities at it
Uhde has begun construction of its first ever skid-mounted chlor-alkali electrolysis plant. Uhde was awarded the contract by Leuna-Harze GmbH, one of Europe\'s leading producers of epoxy resin, to build a turnkey membrane electrolysis plant with an a
Lanxess India, the specialty chemicals company, won the IMC (Indian Merchants Chamber) Ramakrishna Bajaj national quality award 2010 in the "˜manufacturing category'. This is the highest category of award for quality from an Indian industry body a
Sunshield Chemicals had signed a global supply pact with Elantas GmbH, the division electrical insulation within the ALTANA Group, a global leader in specialty chemicals field. Elantas GmbH has renewed agreement for a further period of 5 years upto
The Department of Chemicals and Petrochemicals (DCPC) has said that it has undertaken various initiatives for implementation of the National Policy on Petrochemicals. In its status note on the National Policy on Petrochemicals, the DCPC said that a s
Kolkata-based PSU MSTC Ltd, engaged for disposal of unsold properties of Petrofils Cooperative Ltd (PCL), Gujarat, has called for the need of review of minimum reserve price considering the condition of plants and machineries. "Some of our clients fe
Specialty Chemicals Company LANXESS is to increase its prices for Lewatit and Ionac ion exchange resins by up to 10 percent globally. The price increases, which will take immediate effect, are due to the increasing cost of utilities, transportation a
Camlin Fine Chemicals announced that it has successfully closed the deal on March 09, 2011 for acquiring Borregaard, Italy S.p.A..The company, however, did not disclose the size of the deal and details of the acquisitions.
Fitch Ratings has upgraded India-basedKiri Dyes and Chemicals (KDCL) National Long-term rating to BBB+(ind) from \'BBB(ind)\'. The outlook is positive.
ICRA has upgraded the long-term rating assigned to the term loans and fund based facilities of Deepak Nitrite (DNL) aggregating to Rs 321.6 million (reduced from Rs 706.5 million) and Rs 1.362 billion (enhanced from Rs 1.262 billion) respectively fro
New Delhi-based law firm Clarus Law Associates has been asked to prepare a note depicting commercial implications and impact of REACH regulations on the Indian chemical industry interms of cost.
The Local Project Advisory Committee (LPAC) for the study on \'Technology Support Services in SEZs\', sponsored by the Department of Science and Technology, has suggested several measures for the chemical sector to sensitize the stakeholders and prep
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