Petrochemical | 07 July 2021
Westlake acquires LASCO Fittings
The proposed transaction is expected to close during the second half of 2021.
The proposed transaction is expected to close during the second half of 2021.
The products covered by this license include polyethylene terephthalate (PET), which use renewable biomass resources, and are expected to have a variety of industrial applications such as the manufacture of fibers
The acquisition gives Enterprise ownership of the largest ethylene market hub in Texas
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The new polypropylene plant will have a capacity of 200,000 tons per year and the time schedule is 30 months from the award date up to Mechanical Completion
The Rs 4,495 crore project would be commissioned by 2026-27
The company has posted net profit of Rs.15.65 crores for the 12 months period ended March 31, 2021
The company has posted net profit of Rs.74.07 crores for the 12 months period ended March 31, 2021
The company has posted net loss of Rs.(4.20) crores for the 12 months period ended March 31, 2021
The hub will serve as the focal supply chain solution, primarily for Saudi Arabia’s petrochemical exporters, through the large space allocated for handling and storing cargo
It reported total income of Rs.17.56 crores during the 12 months period ended March 31, 2021
The company has posted net profit of Rs.2.22 crores for the 12 months period ended March 31, 2021
The company posted net profit of Rs.5.33 crores for the 12 months period ended March 31, 2021
The company has invested 424 million yuan in environmental protection projects in 2020 to foster energy-saving and emission reduction
Company has extended MegaChem’s coverage to include Australia and New Zealand (ANZ)
The company has posted net profit of Rs.15.67 crores for FY 2020-21
PolyPacific Polymers produces reinforced and modified polyolefin compounds
During FY 20-21, MPL standalone revenue reached Rs. 935 crore revenue compared to Rs. 685 crore during the previous year
During the last quarter of the year, on a gross revenue of Rs. 352.55 crore the operating profit were Rs. 74.19 crore and net profit of Rs 62.73 crore
The FCCU Unit has since been stabilized and normal throughput has been achieved by RIL
Company has already started industrial deliveries of new solutions and plans to significantly increase them in the second half of this year
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