Sterling Chemicals announced today that it has entered into a definitive merger agreement pursuant to which Eastman Chemical Company will acquire all of the outstanding equity of Sterling Chemicals for $100 million in cash, subject to certain adjustm
Total has signed a sale and purchase agreement to sell most of its Marketing assets in the United Kingdom, the Channel Islands and the Isle of Man to Rontec Investments LLP, a consortium led by Snax 24, one of the leading independent forecourt operat
KBR and Shell Global Solutions International today announced the formation of a new alliance in which KBR will market, sell and provide technology and design packages with Shell Global Solutions on hydroprocessing solutions worldwide.
A new report from the Deloitte Touche Tohmatsu Limited (DTTL) Global Manufacturing Industry group, Compass 2011: Global chemicals sector midyear outlook, indicates that the chemical industry is continuing to recover, with revenue growing at a compoun
Hindustan Insecticides Limited (HIL), which is the sole manufacturer of DDT in the country, has called for removal of "wrong perception" on the product which, it said, is the most effective toll in the national disease vector control programme in Ind
CRISIL has assigned its "˜B/Stable/P4' ratings to the bank facilities of Ideal Chemicals (India) Pvt Ltd (ICI). The ratings reflect ICI's weak financial risk profile, marked by small net worth, high gearing, high total outside liabilities to tan
BASF will increase prices in Europe, Africa and Western Asia for polymer dispersions as well as additives by 85 Euro per metric ton and acrylic resins and redispersible powders by 140 Euro per metric ton. This price increase is necessary due to conti
Vibrant Pharmachem Pvt Ltd has moved the Ministry of Environment and Forests for environmental clearance to its unit for manufacturing bulk drugs at Raichur in Karnataka.
Tech Bond laboratories Pvt Ltd has proposed to manufacture bulk drugs and drug intermediates at its Anantharam unit in Andhra Pradesh's Medak district.
Merger and acquisition (M&A) activity in the global chemicals industry jumped significantly in the first quarter of 2011 when compared to the same period of 2010, according to the first quarter 2011 edition of Chemical compounds, a quarterly analysis
Consumption of zircon rebounded strongly in 2010, reaching 1.33Mt, following an 18% fall in 2009 because of the global economic downturn. Growth over the last decade has come mainly from the ceramics and chemical sectors, growing by 4.1%py and 7.5%py
CARE has reaffirmed the ratings assigned to the bank facilities of Atul Ltd. The revisions in the ratings primarily take into account the improvement in Atul's overall financial risk profile during FY10 and H1FY11 characterized by improvement in pr
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of US-based Columbian Chemicals by Indigold Carbon, which is controlled by the Indian Aditya Birla Group, both worldwide producers of carbon black. The acquis
Heeding to a request by manufacturers for anti-dumping duty on phthalic anhydride, the Department of Chemicals and Petrochemicals (DCPC) has recommended the levy on imports of the product from Korea, Taiwan and Israel.
Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. and its fully owned subsidiary Tecnimont ICB (TICB) of India have been awarded two EPC contracts on lumpsum turnkey basis for the realization of Polyolefin Plants for P
Inspections at two Indian chemical companies based in Andhra Pradesh and Maharashtra were recently carried out by the Hague-based Organisation for Prohibition of Chemical Weapons (OPCW).
Commerce and industry minister Anand Sharma urged the member states of SAARC to bring down all the protectionist trade barriers to achieve regional economies of scale at a much greater pace. While emphasizing that the serious attempts being made to r
Patel Pesticides (India) Pvt Ltd has requested clearance from the Environment and Forests Ministry's for its pesticide manufacturing unit at Nandesari in Gujarat's Vadodara district.
ICRA expects Indian CRAMS market to grow at a CAGR of 41.4% over the FY10-12 to reach a market size of ~US$7.6 billion with custom manufacturing leading the pack. The growth will be supported by high number of USFDA approved plants, skilled manpower
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