The Dow Chemical Company and Befar Group yesterday announced a memorandum of understanding (MOU) for a new 50-50 joint venture to produce perchloroethylene (PCE), a key building block material for non-ozone depleting refrigerants used in industrial,
ICRA has assigned an LBB (pronounced L double B) rating to the Rs 1.5 crore1 term loans and Rs 10.50 crore long term fund based limits and A4 (pronounced A four) rating to the Rs. 5 crore non fund based limits of Supreme Polymers Private Limited (SPP
ICRA has upgraded the rating assigned to the Rs. 54.53 crore term loans (enhanced from Rs. 20.5 crore) and the Rs. 35.98 crore fund-based limits (enhanced from Rs. 32.5 crore) of Oriental Carbon & Chemicals Limited (OCCL) to LBBB+ from LBBB.
CRISIL's ratings on the bank facilities of Alkyl Amines Chemicals Ltd (AACL) continue to reflect AACL's leadership in the ethyl amines market, driven by its strong in-house technology and research and development (R&D) capabilities, and diversifi
The Dow Chemical Company has received the 2011 Progressive Manufacturing 100 (PM100) award in Supply Chain Mastery for developing and applying advanced Design & Modify Supply Chain (D&MSC) work processes.
Sumitomo Chemical and Samsung LED have entered into an agreement to establish a joint venture in Korea for research & development, manufacture, and sales of sapphire substrates for LEDs. This joint venture will initially start with an LED sapphire su
CARE has assigned \'AAA\' and \'PR1\' to proposed fund-based and non fund-based long-term and short-term bank facilities of GAIL (India). The rating continues to reflect GAIL's leadership position in natural gas transmission and trading business an
BASF, the world\'s leading chemical company, has received approval for a 400,000 metric tonnes per year MDI (diphenylmethane diisocyanate) project in Chongqing, China. The investment will total approximately €860 million. The facility, which will p
BASFannounced its integration plans for Cognis. BASF expects to achieve an additional EBIT of €275 million (10.6% of Cognis' 2009 net sales) through the integration. This consists of growth synergy targets to generate an additional EBIT of €135
Chemplast Sanmar has sought the Ministry of Environment and Forest\'s clearance for increasing the production capacity of its PVC resin plant at Cuddalore from 170,000 TPA to 226,000 TPA. The company earlier appointed Business Consulting Group (BCG)
AkzoNobel is to invest more than €60 million in boosting production capacity for its Bermocoll cellulose derivatives (paint and building material thickeners), providing additional momentum for the company's accelerated growth strategy which inclu
According to the Department of Chemicals and Petrochemicals (DCPC), the major petrochemicals registered a growth of 9.92% during April 2010-Jan 2011. During this period, polymers and performance plastics also registered significant growth of 12.26%
With immediate effect, or as contracts allow, BASF is increasing the sales prices globally for all coolants, brake fluids and specialty fluids by up to 300 Euro (or the equivalent in other currencies) per metric tonne. The price adjustments are neces
ICRA has assigned an LBBB- rating to the Rs. 10 crore cash credit facility of Mayur Dye-Chem Intermediates Limited (MDCIL). The outlook for the rating is stable. ICRA has also assigned an A3 rating to the Rs. 1.50 crore, short-term, non-fund based fa
Effective immediately, or as existing contracts permit, BASF is raising its prices for propionic acid in Europe by 200 Euro per ton and in Asia by 200 US-Dollars per tonne. BASF is a leading supplier of propionic acid with production facilities at it
Uhde has begun construction of its first ever skid-mounted chlor-alkali electrolysis plant. Uhde was awarded the contract by Leuna-Harze GmbH, one of Europe\'s leading producers of epoxy resin, to build a turnkey membrane electrolysis plant with an a
Lanxess India, the specialty chemicals company, won the IMC (Indian Merchants Chamber) Ramakrishna Bajaj national quality award 2010 in the "˜manufacturing category'. This is the highest category of award for quality from an Indian industry body a
Sunshield Chemicals had signed a global supply pact with Elantas GmbH, the division electrical insulation within the ALTANA Group, a global leader in specialty chemicals field. Elantas GmbH has renewed agreement for a further period of 5 years upto
The Department of Chemicals and Petrochemicals (DCPC) has said that it has undertaken various initiatives for implementation of the National Policy on Petrochemicals. In its status note on the National Policy on Petrochemicals, the DCPC said that a s
Kolkata-based PSU MSTC Ltd, engaged for disposal of unsold properties of Petrofils Cooperative Ltd (PCL), Gujarat, has called for the need of review of minimum reserve price considering the condition of plants and machineries. "Some of our clients fe
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