Page 12 - Chemicals
US FDA lifts import alert imposed on Sun Pharma's Mohali facility
Move clears the way for supply of products from Mohali facility to the US market
 "US FDA lifts import alert imposed on Sun Pharma's Mohali facility")
Germany's Merck plans divestment of biosimilars business
Merck has a strategic alliance with India's Dr Reddy's Labs to co-develop multiple cancer drugs
 "Germany's Merck plans divestment of biosimilars business")
Global fluorosurfactants market to reach $ 667 million by 2021
Asia-Pacific region to be the largest market for fluorosurfactants, says Markets and Markets report
 "Global fluorosurfactants market to reach $ 667 million by 2021")
Shell divests oil sands interests in Canada for $7.25 bn
The company sold its stakes to Canadian Natural Resources Limited
 "Shell divests oil sands interests in Canada for $7.25 bn")
Henkel buys Mexican hair care company Nattura Laboratorios
Acquisition of hair professional business in Mexico and US to strengthen its beauty care business
 "Henkel buys Mexican hair care company Nattura Laboratorios")
M&A activity in chemical industry to persist in 2017: Dr Mosongo Moukwa
Limited returns on organic growth are forcing firms to look at M&As to sustain high valuations
 "M&A activity in chemical industry to persist in 2017: Dr Mosongo Moukwa")
Wacker to invest € 85 mn in Norway site to increase silicon metal capacity
Silicon metal is used for producing silicones & hyperpure polysilicon - key products of Wacker
 "Wacker to invest € 85 mn in Norway site to increase silicon metal capacity")
DSM & Evonik to jointly set up $200-mn omega-3 fatty acids plant in US
The plant, for the first time, will enable production of omega-3 fatty acids without using fish oil
 "DSM & Evonik to jointly set up $200-mn omega-3 fatty acids plant in US")
AkzoNobel plans separation of specialty chemicals business
The company also rejected PPG's proposal to buyout AkzoNobel in a cash & stock deal
 "AkzoNobel plans separation of specialty chemicals business")
Global oil industry: What's there for India in 2017?
As long as the price remains below $ 70 per barrel, India stands to gain, says Alireza Moghaddham
 "Global oil industry: What's there for India in 2017?")
Birla Carbon partners American Process to improve fuel efficiency of tyres
Two companies aim to improve fuel efficiency of tyres by combining carbon black and nanocellulose
 "Birla Carbon partners American Process to improve fuel efficiency of tyres")
PM Narendra Modi inaugurates OPaL's Rs 30,000-cr petrochemical complex
The Dahej complex to have capacity to produce 14 lakh tonnes of polymers & 5 lakh tonnes of chemical
 "PM Narendra Modi inaugurates OPaL's Rs 30,000-cr petrochemical complex")
ExxonMobil plans $20 bn investment to expand manufacturing in US
It will make investment, spread over 10-year, in major chemical, refining, lubricant & LNG projects
 "ExxonMobil plans $20 bn investment to expand manufacturing in US")
Merck's arm Allergopharma opens biopharmaceutical facility in Germany
New production unit, built with an investment of € 42 mn, to expand the company's global capability
 "Merck's arm Allergopharma opens biopharmaceutical facility in Germany")
Zydus settles patent litigation related to seizure drug with US-based firm
As per the pact, Zydus to begin selling a generic version of Supernus' Trokendi XR on Jan 1, 2023
 "Zydus settles patent litigation related to seizure drug with US-based firm")
Synthomer buys Perstorp Oxo Belgium for € 78 million
Perstorp Oxo Belgium serves decorative & industrial coatings sectors with its performance additives
 "Synthomer buys Perstorp Oxo Belgium for € 78 million")
Zachry Group buys Ambitech Engineering
Ambitech has 750 employees in multiple locations across US, India, Philippines and Middle East
 "Zachry Group buys Ambitech Engineering")
Chemplast Sanmar forms JV with France-based Kem One for chlorinated PVC
JV will invest Rs 325 crore to set up a chlorinated polyvinyl chloride (CPVC) plant in Puducherry
 "Chemplast Sanmar forms JV with France-based Kem One for chlorinated PVC")
Thrust on infrastructure to boost phthalic anhydride demand: Nikunj Dhanuka
In this interview, IG Petrochemicals' MD & CEO highlights the changing dynamics of PAN market
 "Thrust on infrastructure to boost phthalic anhydride demand: Nikunj Dhanuka")
Cipla divests animal health business in South Africa & Sub-Saharan Africa
It will sell this business to Ascendis Health for Rand 375 million (about Rs 192 crores)
 "Cipla divests animal health business in South Africa & Sub-Saharan Africa")
