CRISIL Research has maintained the fundamental grade of 3/5 to the Insecticides (India) in its latest report. Insecticides (India) Ltdí¢â‚¬â„¢s Q2FY12 revenues were below CRISIL Researchí¢â‚¬â„¢s expectations. While revenues grew by 27% y-o-y led by
Chemical maker BASF recently opened a state-of-the-art production site for customer specific antioxidant blends (CSB) in Bahrain. This is the largest facility of this kind worldwide and will become fully operational in December.
Reliance Industries Limited (RIL) recently selected Foster Wheeler as an engineering and procurement services contractor for its Paraxylene project.
BASF India reported profit after tax (PAT) of Rs 28.1 crore for the second quarter ended September 30, down from Rs 34.2 crore posted in the same period of the previous year. Sales stood at Rs 1,006.6 crore as against Rs 959.3 crore in the correspond
BASF and Ciech today announced the acquisition of parts of Ciech’s global TDI (toluene diisocyanate) business by BASF. The acquisition is subject to approval by the appropriate antitrust authorities. Closing of the transaction is expected in th
Solvay and Russian petrochemical company SIBUR have signed an agreement to establish Ruspav, a 50/50 joint venture for the production of surfactants and oilfield process chemicals in Dzerzhinsk, Russia. The agreement was signed in presence of the Min
SABIC expressed its confidence in India’s petrochemical industry growth opportunities, and its commitment to continue strengthening its market presence, at India Chem 2012.
In the face of escalating input costs, stiffer competition, and a struggling global economy, chemical industry executives say they will use the significant cash on their balance sheets to pursue strategic acquisitions and new product development to s
Reliance Industries Ltd has posted an increase of 5.6 per cent in its net profit at Rs 4,473 crore for the first quarter ended 30th June, 2012 as compared to Q4 FY12 and decreased by 21 per cent as compared to Q1 FY12. Turnover increased by 8.1 per c
Agro chemical producer manufacturer United Phosphorus registered 10 per cent increase in its consolidated net profit at Rs 202.91 crore for the quarter ended June 30 on the back of higher sales. The company had posted a net profit of Rs 184.31 crore
Afton Chemical Corporation announces the construction of a new chemical additive manufacturing facility on Jurong Island, Singapore. The multi-year investment will be fully owned and operated by Afton, emphasizing the company\'s strong commitment to
The Dyestuffs Manufacturers Association of India (DMAI) has sought the intervention of the finance ministry on the final findings issues by the Designated Authority of Directorate General of Anti Dumping & Allied Duties (DGAD) in the matter concernin
Reliance Industries Limited (RIL) has selected Technip as a technology supplier and engineering contractor to implement its Refinery Off-Gas Cracker (ROGC) project.This is part of the expansion project being executed at RIL’s world-scale Jamnag
Sick units Hindustan Fertilizer Corporation Limited (HFCL) and Fertilizer Corporation of India Limited (FCIL) have submitted their draft rehabilitation schemes to Board for Industrial and Financial Restructuring (BIFR) for approval in connection with
The Indian Chemical Council (ICC) has requested the Department of Revenue in the Ministry of Finance to exempt levy of service tax on membership fees and other charges collected by clubs or associations representing any trade or industry.
Chemical manufacturer Cabot has revealed plans to buy Netherlands-based activated carbon manufacturer Norit from its private equity owners for $1.1bn (£703m) to focus on higher-margin specialty chemicals.
The Texas Operations of Eastman Chemical Company has received the 2012 \"Sustained Excellence in Caring for Texas\" award from the Texas Chemical Council (TCC.) Eastman was the only 2012 Sustained recipient among TCC member facilities with more than
Mangalore Chemicals and Fertilizers Ltd (MCF) has proposed conversion of feedstock from naphtha to natural gas and fuel from furnace oil to natural gas in its fertilizer plant at Panambur in Karnataka\'s D K district. In its letter to the Environment
The Indian Farmers Fertiliser Cooperative Limited (IFFCO) is promoting several production facilities abroad which may result in assured supply of fertilizers and raw materials to the country, the Department of Fertilisers (DoF) has said. According to
NPL Industries Pvt Ltd has sought environmental clearance for its proposed plant of textile auxiliaries, binders and plasticisers at Bidaj in Gujarat’s Kheda district.
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