Page 162 - Chemicals

Chemtura completes sale of its Consumer Products Segment to KIK

US firm expects to return a substantial portion of the proceeds from the sale to shareholders, as well as pay down debt

Rakesh Bamzai quits Biocon

He was associated with the biotechnology company for 19 years

Atreya Petrochem to be renamed as Kavit Industries

The company manufactures a range of petrochemical downstream products

ONGC Videsh acquires 12% stake in Brazilian block for $ 561 mn

The deal has resulted in increasing Indian firm's stake to 27% in the block

Russia's Sibur sells OJSC Plastik to private investors group

OJSC Plastik's asset base includes production of styrene, expandable polystyrene, ABS plastics, and separators & phenolic plastic

McNally Bharat receives Rs 42-crore water treatment plant contact

The contractual completion period is 30 months

IG Petrochemicals restarts phthalic anhydride plant at Taloja

The company had closed the facility in November 2013 for changing catalyst

Cephalon files patent infringement suit against Glenmark

US-based firm filed the suit over Glenmark's plans to sell generic version of cancer drug, Treanda, in the US

Fluor receives $410-mn contract from Kuwait Oil

EPC major to provide consulting services for Kuwait Oil Company's projects

Berkshire Hathaway to buy Phillips Specialty Products

This transaction optimises Phillips 66's portfolio and focuses growth on its Midstream and Chemicals businesses

Aarti Industries' two units receive closure notice from GPCB

Shutdown to have an impact on volumes and profitability of the company for the quarter ending March 2014

Indian chemical industry can touch a $290 billion mark by 2017: Pranab Mukherjee

President urges industry to focus on R&D

Veerappa Moily dedicates POL berth at New Mangalore Port to nation

The Minister also lays the foundation stone for new container and bulk cargo berth at the port

Garware Polyester appoints Tushar Parikh as Independent Director

To replace A B Bhalerao, who resigned recently

Sinopec Engineering wins $3.1 bn contract for coal-to-chemical project

The Chinese firm will provide one-stop EPC services to Zhong Tian He Chuang's new coal chemical project

Workers of Jumbo Bag's Chennai unit go on strike

Strike at Unit I plant located at Ponneri, Chennai, commenced on December 24, 2013

Indorama forms JV with Abu Dhabi-based ChemaWEyaat for aromatics

New JV to build a plant having capacity of 1.4 million tonnes of paraxylene and 0.5 million tonnes of benzene

3M's Pune facility to take 6-day break

The company to undertake maintenance activities during the shutdown

Idemitsu buys 70,000 tonnes of naphtha from India: Reuters

Japanese refiner pays a premium to buy naphtha from ONGC and its subsidiary, MRPL

Plastiblends appoints Anand Kabra as CEO

He is also the Executive Director of the company