Chemical | 09 August 2022

Ube to buy API Corp. from Mitsubishi Chemical

APIC is a contract development and manufacturing organization (CDMO) that offers a wide range of services such as synthetic route design, pilot manufacturing, investigational medical manufacturing, and commercial production, by making full use of integrated processes that combine organic synthesis technologies and biotechnologies it has cultivated over many years

Chemical | 08 August 2022

Rossari Biotech Q1 FY23 revenue up 88%; Profit up 17%

Profit after Tax (PAT) was up 18% for Q1 FY23 to reach Rs. 28.7 crore whereas EBITDA was up 52% to reach Rs. 57.7 crore

Chemical | 08 August 2022

Neogen Chemicals reports 75% revenue growth

The strong topline performance was driven by incremental benefits accruing from the expanded capacity and was supported by continued positive demand across key products

Chemical | 08 August 2022

India Pesticides Q1 FY23 revenue grows 27.4%; Planning Rs. 70 Cr Capex in FY23

The company is planning a Capex outflow of Rs. 70 crore for FY23 which will target further increase Sandila plant capacity by 4,000 MT

Petrochemical | 08 August 2022

Panama Petrochem to increase capacities by 60,000 tonnes

The expansion program is on due course and will see additional capacity going onstream in batches starting from the second half of 2023 to 2023

Chemical | 08 August 2022

Oriental Aromatics planning plant commissioning between Oct 2022 - June 2023

Baroda plant to be commissioned by June 2023, Mahad plant by H1 2023, and Bareilly plant by October 2022

Chemical | 08 August 2022

Valiant Organics to start production of OAP and Pharma Intermediates

Both the plants have a total Capex of Rs. 75 crore and expected production timeline is Q3 FY23

Chemical | 08 August 2022

Vishnu Chemicals Q1 FY23 revenue up 83%; Profit up 194%

The brownfield expansion to introduce a new speciality chemical to aid Barium portfolio diversification is on track and is expected to be commissioned by H1 FY24

Gas | 08 August 2022

Air Products earnings jump on strong volume, pricing

Company reported third quarter (Q3) financials highlighting sales of $3.2bn, a 22% increase over the prior year

General | 08 August 2022

Stratasys to buy Covestro’s additive manufacturing materials business for € 43 million

Transaction will include R&D facilities and activities, global development and sales teams across Europe, the U.S. and China, a portfolio of approximately 60 additive manufacturing materials, and an extensive IP portfolio comprised of hundreds of patents and patents pending

Petrochemical | 08 August 2022

Aramco and Sabic receive world’s first TÜV certificate of accreditation for blue hydrogen and ammonia

The certifications were granted by TÜV Rheinland to SABIC AN, in Jubail, for 37,800 tons of “blue” ammonia and to Aramco’s wholly-owned refinery (SASREF), also in Jubail, for 8,075 tons of “blue” hydrogen

General | 08 August 2022

Wood awarded engineering services contract for Strike’s fertiliser project in Western Australia

Wood will provide technical and engineering oversight services for the duration of the project to monitor and assess the work in progress, ensuring the Engineering, Procurement and Construction contractor delivers work consistent with the project’s requirements

General | 08 August 2022

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