CRISIL has upgraded its ratings on the bank facilities of Diamines & Chemicals Ltd (DACL) to "˜BBB/Stable/P3+' from "˜BBB-/Stable/P3'. The upgrade reflects significant scale-up in DACL's operations: the company's sales are estimated to have
Tata Chemicals has announced an investment of US4290mn to acquire a 25.1 percent stake as a strategic investor in the stream 1 of a Greenfield port-based ammonia-urea fertilizer manufacturing complex in the Republic of Gabon. The balance of sharehold
IS-Dyestuff Industries Ltd. has proposed to expand its existing dyes and dye intermediates manufacturing unit at Dudhwada in Gujarat's Vadodara district. In its presentation to the Ministry of Environment and Forests for environmental clearance, th
Vardhaman Organics has sought the environmental clearance form the Ministry of Environment and Forests to change the product mix at its existing dye intermediates plants at Sachin in Surat district of Gujarat. The company proposes to add manufacturin
BASF supports the announcement that Dow Chemical has signed a license agreement with Chemtura Corporation for the production of a new brominated polymeric flame retardant and that Chemtura plans to build a production facility for this substance. Dow
ICRA has placed the LA and A1 ratings outstanding against the bank lines of Huntsman International (India) Private Limited [HIIPL] and Huntsman Advance Material (India) Private Limited [HAMIPL] under rating watch with negative implications.
Belgian plastics and chemicals company Solvay and Paris-listed Rhodia announce the signing of a framework agreement according to which Solvay will launch a friendly cash offer for 100% of the share capital of Rhodia. The cash offer at EUR 31.60 per s
Huntsman Corporation today announced that it has completed its acquisition of Indian chemical producer Laffans Petrochemicals Ltd., and has taken ownership of the manufacturer\'s 60kt ethylene oxide derivatives facility in Ankleshwar, Gujarat.
Gujarat-based Tristar Intermediates Ltd is planning to expand its existing Disperse Dye Couplers, EO Condensate and Perfumeries products manufacturing unit. Tristar Intermediates has sought Ministry of Environment and Forest\'s approval to initiate t
Tata Chemicals Limited (TCL) has announced a major re-branding initiative embracing its subsidiaries in UK, US and Kenya under the Tata chemicals corporate brand. The Tata brand today is well recognised in these geographies and this move of creating
BASF and PETRONAS will commence a feasibility study for a new plant for superabsorbent polymers. The companies have also decided to look into the expansion of the existing production capacities of their joint venture BASF PETRONAS Chemicals Sdn Bhd.
ExxonMobil Chemical celebrated the opening of its Shanghai Technology Center at a ceremony in Shanghai\'s Zizhu Science-Based Industrial Park. The $90-million facility represents a critical link for development of new premium products which can be ma
Deepak Fertilisers And Petrochemicals Corporation Limited (DFPCL), a manufacturer of chemicals and fertilisers is setting up a technical ammonium nitrate (TAN) manufacturing unit in Australia with the total investment of around Rs 1500 crore, the co
Dow Global Technologies LLC (DGTL), a subsidiary of The Dow Chemical Co., on Tuesday announced the invention and development of a new, high molecular weight brominated Polymeric Flame Retardant (Polymeric FR). The Polymeric FR is expected to be the \
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
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