Start-up | 09 August 2022
Henkel invests in technology start-up Direct-C
Direct-C has developed a sophisticated sensor technology for the early detection of hydrocarbon leakages
Direct-C has developed a sophisticated sensor technology for the early detection of hydrocarbon leakages
Restart of work on mega project postponed to allow time for investigation and additional social compliance measures
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
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
The strong topline performance was driven by incremental benefits accruing from the expanded capacity and was supported by continued positive demand across key products
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
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
Baroda plant to be commissioned by June 2023, Mahad plant by H1 2023, and Bareilly plant by October 2022
Both the plants have a total Capex of Rs. 75 crore and expected production timeline is Q3 FY23
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
Company reported third quarter (Q3) financials highlighting sales of $3.2bn, a 22% increase over the prior year
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
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
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
ALTANA had invested in dp polar in 2017
The hydrogen produced can be delivered by pipeline to industrial customers for use as a decarbonised energy source or as a raw material, so reducing their CO2 emissions
Company’s consolidated net sales totaled ¥252.3 billion (US$1.9 billion), up ¥51.1 billion, or 25.4%, compared with consolidated net sales in the first quarter of fiscal 2022
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Company generated net sales of $2.5 billion in the second quarter, a 2 percent decrease from the prior quarter and a 13 percent increase over the same quarter of 2021
The acquisition will expand Hallstar’s manufacturing capacity and product portfolio, and will include the ester manufacturing plant, select product lines and site personnel
The increase in sale of EVs is attributed mainly to the incentive provided under FAME India Scheme Phase-II, provided to buyers of electric vehicles meeting FAME criteria in the form of an upfront reduction in the purchase price of electric vehicles
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