The regional and unorganised players are likely to face huge sourcing and working capital challenges in the near term.
The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions.
The company will focus on industrial adhesives range through its strong OEM clientele of around 300 loyal customers.
The company estimates Paint Protection Films to contribute 20% of FY23 revenue estimated at an incremental Rs. 300 crore.
During the financial year 2019-20, BGRL has recorded revenue from operations of Rs.273.35 crore.
The Board of Directors has also approved the proposal to approach Government of Madhya Pradesh (GoMP) for acquiring 269,00,000 warrants held by GoMP in BORL.
The project aims to examine an efficient pathway to produce polypropylene (PP) using difficult-to-recycle mixed waste plastic, powered by Agilyx advanced recycling technology.
The adjustment is due to strongly increased raw material prices and applies to Europe, the Middle East and Africa.
If approved, the plant would commence production in 2025.
The new packaging products will be introduced in the market in 2021 and replace fossil-based virgin PP.
State government need to send proposals for the growth of the plastic recycling units.
Solvay's venture capital fund, Solvay Ventures, participated in PrinterPrezz’s recent $16 million equity financing round.
The company has been selected as engineering partner to support integrated refining and chemicals manufacturing facilities in USA.
The project, which is planned for a duration of four years, will demonstrate the production of ABS (Acrylonitrile Butadiene Styrene) based on recycled feedstock
The rally, which started with sharp spurts in May'20 and Jun'20, has now extended into Q3FY21 as well
The company aims an operating income at about Rs 90-100 crore for fiscal 2021
Project scope includes technology licensing, process design package and technical services, and catalyst supply through its partner Clariant
The plant is scheduled for commissioning in March, 2021
As per deal, Ineos will purchase Sasol's 50% share of the venture at La Porte, Texas
The deal is for supplying lubricants for all Jenbacher gas engines that operate on non-natural gas, including biogas, sewage gas and landfill gas
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