The group’s profitability was further enhanced by a 9% weaker average rand/US dollar exchange rate (R10,99/US$ for the six months ended 31 December 2014 compared with R10,08/US$ in the prior period). This benefit was partially offset by a 19% decline
Manufacturing sites to be closed by year-end 2015, all of which are leased, include Cartersville, Georgia; East St. Louis, Illinois; and King of Prussia, Pennsylvania in the U.S., in addition to Hainhausen, Germany. Products produced by these facilit
The new alkoxylation facility in Ningbo will allow us to better serve our customers in the region, which is one of our top priorities.
BASF TODA Battery Materials was established with 66% equity from BASF Japan Ltd. and 34% from TODA KOGYO CORP.
Specialty chemical industry is a knowledge driven industry and it has been growing rapidly at 1.2-1.3x of GDP growth rate (~12%) over the last five years. It currently stands at ~$21.5 billion. Domestic demand of specialty chemicals is expected to fo
CRISIL Research has come out with its report on Phillips Carbon Black. The research firm has maintained the fundamental grade of 4/5 to the company. Phillips Carbon Black Ltdí¢â‚¬â„¢s (PCBLí¢â‚¬â„¢s) Q2FY12 revenues were higher than CRISIL Researchí¢
Sumitomo Chemical announced that McLaughlin Gormley King Company (MGK) has become a consolidated subsidiary of Sumitomo Chemical, which acquired a majority stake in MGK.
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
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