Page 134 - Chemicals

APAG Holding becomes Kanoria Chemicals' wholly-owned subsidiary

The company had entered into an agreement to acquire 90% stake in APAG in April 2012

Evonik to set up research centre for silanes in Germany

The specialty chemical company also operates laboratories for application technology support and regionally specialised research for silanes in China, India, Germany, and the US

BASF, Huntsman, Sinopec plan new MDI plant in Shanghai

Capacity of 240,000 metric tonnes crude MDI per year to support growing demand for polyurethane products in Asia Pacific

A. Schulman completes acquisition of Ferro's specialty plastics assets

The acquisition, worth $91 million, includes four facilities located in the US as well as operations in Spain

Reduce customs duty on titanium dioxide to 7.5%: Nadir Godrej

Customs duty on raw materials/feedstocks, which are short-supply in domestic market and are used in paints, polymers & plastics, and antimony trioxide industries, should be lowered

Focus capital goods industry to gain a long-term manufacturing advantage

The Budget should present a clear strategy to revive the Indian economy and make the country a successful manufacturing base in the world

Government should revive its focus on PCPIRs

Though notified in 2007, PCPIR policy is yet to take off as it was expected in the planning stage. Hence, the government should take steps to promote development of these zones

Is India ready to become an agrochemical R&D hub?

It is time Indian agrochemical manufacturers shift focus ahead of generics and start investing in R&D. One should look forward to an evergreen revolution rather than the second green revolution

Ineos to acquire BASF's stake in Styrolution for Euro 1.1 bn

After the deal, Styrolution will be run separately as a standalone company within Ineos

Merck acquires Dutch liquid crystal windows specialist Peer+

With the acquisition of the startup company Peer+, Merck is further advancing the future-oriented technology for liquid crystal windows

JBF Industries begins production at PET plant in Belgium

The 3,90,000 tonnes per annum (tpa) plant is co-located on the BP Aromatics site

ONGC to invest Rs 5,706 cr for redeveloping offshore field in Mumbai High

The investment is expected to lead to incremental gain of 6.997 million tonne (MMT) crude oil and 5.253 billion cubic metres (BCM) gas by 2030

Madras Fertilizers plans Rs 4,500-cr urea plant

The new plant will be based on gas

Solvay and Ineos to name chlorovinyls JV as Inovyn

Inovyn will have proforma 2013 sales of more than Euro 3 billion, with 14 sites in eight European countries

Evonik Industries plans to reorganise the group structure

Three operating segments - Consumer, Health & Nutrition, Resource Efficiency, and Specialty Materials - to be given greater entrepreneurial independence as separate legal entities

Clariant increases Licocene polymers capacity by 50%

Debottlenecking of production line in Frankfurt-Hochst, Germany, by Q1 2016 to meet increasing demand, particularly from Turkey, India, China and Indonesia

Antidumping duty on PTA to hurt polyester industry: Indo Rama Synthetics

The company says the move will adversely affect the performance of textile industry, while benefit only the integrated polyester player (ie Reliance Industries)

Aditya Birla Nuvo appoints Lalit Naik as MD

He replace Dr Rakesh Jain, whose term as the MD of the company expires on June 30, 2014

Chemical industry second largest recipient of investments in manufacturing sector: Assocham

However, share of chemicals in total outstanding investments in manufacturing sector dipped from over 35% to about 26% between March 2005 and March 2012

Aker Solutions India inaugurates upgraded Pune facility

The new facility will help the company to streamline processes, reduce complexities, realise synergies and improve competitiveness