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
CRISIL has upgraded its ratings on the bank facilities of Ihsedu Speciality Chemicals Pvt Ltd (ISCPL) to ‘CRISIL BBB/Stable/CRISIL A3+’ from ‘CRISIL BB/Stable/CRISIL A4+’.
AkzoNobel has completed its acquisition of China’s leading specialty surfactant producer, Boxing Oleochemicals. Boxing is a leading supplier of nitrile amines and derivatives, which are used in a variety of industrial and consumer applications
BASF and SINOPEC inaugurated the $1.4 billion second phase of their integrated petrochemical site in Nanjing, bringing crucial chemicals to the China market that will support the development of more sustainable local industries.
Sasol Germany GmbH announced that it has reached an agreement to sell its production site in Witten (Germany) and the associated oleochemicals business to Cremer Oleo GmbH & Co. KG.
\"India is one of the most important growth markets for LANXESS. The continuing trends of mobility and urbanization contribute to the success of our company on the subcontinent. And we want to growth further and make use of the opportunities that pr
The Department of Chemicals and Petrochemicals (DCPC) has recommended initiation of investigation in the case of imports of carbon black used in rubber applications from China, following a petition from the domestic manufacturers seeking imposition o
The Department of Chemicals and Petrochemicals (DCPC) recently convened a meeting to discuss daft position paper prepared by the department for framing ‘National Policy on Chemicals’. The meeting, chaired by secretary (C&PC), was attended
The Indian Chemical Council (ICC) has urged the Government of UAE to allow the registration of agrochemicals manufactured in India in the UAE. “If our information is correct that in UAE agrochemicals (pesticides) manufactured in the India are n
Global engineering company, KBR, was awarded a contract by Matix Fertilizers and Chemicals, to perform a dynamic simulation study for the complete steam system at its grassroots Panagarh Fertilizer Complex in West Bengal. KBR will also deliver an Ope
AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian based packaging coatings producer. Financial details were not disclosed.
EQUATE Petrochemical Company announced the launch of its new brand guidelines as part of its integrated corporate strategy.
Prices in the $3-trillion-plus global petrochemicals marketplace slipped nearly 1% to $1,161 per metric tons (/mt) in December, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seve
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