Omkar Speciality Chemicals Ltd’s (Omkar’s) Q2FY12 results were largely in line with CRISIL Research estimates. Revenues of Rs 39.20 crore (+37% y-o-y) and EBITDA of Rs 7.70 crore (+42% y-o-y) were in line with CRISIL estimates. However, PAT
Leading specialty chemicals company Lanxess achieved sales of around EUR 65 million in the third quarter, registering a growth of around 52 percent year-on-year in India. India is a key pillar of the BRICS strategy that the company pursues and has be
CRISIL Research has come out with its report on Punjab Chemicals and Crop Protection . The research firm has maintained the fundamental grade of 1/5 to the company.
CRISIL Research has come out with its report on Sudarshan Chemical Industries . The research firm has maintained the fundamental grade of 4/5 to the company in its latest report.
Indian Oil Corporation Ltd (IOC), India’s largest refiner, aims to double its crude refining installed capacity from 65.7 to 123 million tonnes per annum (mtpa) in the next 10 years, through expansion and new greenfield units. This was disclose
To meet the growing demand of engineering and film grade plastics, state-run Gujarat State Fertilizers & Chemicals Ltd. (GSFC) has decided to enhance the existing production capacity of its Nylon-6 Engineering Plastic at its Fertilizernagar unit in V
The Chemicals and Petrochemicals Manufacturers Association (CPMA) will finalise a report of the sub group on petrochemicals under the working group on chemicals and petrochemicals to be adopted for the 12th Five Year Plan.
Various stakeholders have deliberated on the proposal of reconstitution of Plastic Development Council (PDC) and have stressed the need for implementation of quality standards by the industry.
Technip was awarded by Michelin Siam Co., Ltd. a lump sum turnkey engineering, procurement and construction (EPC) contract for a new elastomer composite plant to be built in Southern Region Industrial Estate, Songkhla Province, Thailand.
BASF plans to establish the global headquarters of its Dispersions & Pigments division in Hong Kong. As of January 1, 2012, the division head and about 50 global positions, currently located in Ludwigshafen and Basel, will transition to Hong Kong.
Tata Chemicals Ltd has posted a net profit of Rs. 275.40 crore for the quarter ended September 30, 2011 where as the same was at Rs. 127.10 crore for the quarter ended September 30, 2010.
Prices in the $3-trillion-plus global petrochemicals marketplace, fell 9% to $1,200 per metric tons (/mt) in October, according to the just-released monthly average of the Platts Global Petrochemical Index (PGPI), a benchmark basket of seven widely-u
The Department of Chemicals and Petrochemicals (DCPC) has said that extension of anti-dumping duty on the import of aniline from Japan and the US will help in the collection of a definitive and final levy.
DuPont East Asia President Carl J. Lukach told investors at the CLSA Asia Forum that DuPont is on track to generate approximately 20 percent sales growth this year in Asia Pacific, versus 2010 revenues of $7.3 billion.
CRISIL has placed its ratings on the Rs.95 crore cash credit and Rs.30 crore letter of credit and bank guarantee facilities of Clariant Chemicals (India) Ltd (CCIL) on ‘Notice of Withdrawal’ for a period of 60 days
Arkema has announced a project to acquire the industrial applications specialty alcoxylate business of SEPPIC. This new product range would allow Arkema to extend its surfactant range and bolster its positions in industrial niche markets with high gr
Indian Oil Corporation (IndianOil) has posted a loss of Rs. 7,486 crore for the second quarter of 2011-12 as compared to a profit of Rs. 5294 crore for the same quarter of the previous year. The loss is mainly on account of increase in unmet under-re
The production of urea has been marginally less than the target set for September, official figures have indicated.
Kiri Industries Ltd, an integrated manufacturer of reactive dyes and intermediates, has acquired Taiwan-based SMS Chemical Co Ltd for an undisclosed amount. This acquisition is part of Kiri’s global expansion strategy.
Leading agrochemical formulation company Dhanuka Agritech Ltd registered a 28.86 percent increase in its consolidated net profit at Rs 20.97 crore for the quarter ended September 30, 2011 as against Rs. 16.27 crores for the same period last year.
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