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.
The contract will see the deployment of Honeywell Forge, an advanced Enterprise Performance Management software platform with robust cybersecurity capabilities that simplify, strengthen and scale industrial cybersecurity operations.
The company has recommended final dividend of Rs. 3 per share of face value of Rs. 2/- each.
The ministry has also extended the timeline for submission of representation by the stakeholders from 45 days to 90 days.
The company said it is halting work on a new dicamba plant in Luling, Louisiana, because global overcapacity for producing the chemical made the investment less attractive.
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