Page 167 - Chemicals

IOL Chemicals wins National Energy Conservation Award

With this, the company has won the Ministry of Power's energy conservation awards consecutively for nine years

India-born John Panikar is the new President of Praxair Asia

Panikar, currently President of Praxair Distribution Inc, was MD of Praxair India from 2004-2008

Clariant India to acquire masterbatch maker Plastichemix for Rs 135 crore

The deal, which is planned for closure in Q1 2014, to make Clariant the largest specialty masterbatches producer in India

Linde India commences ASU production at SAIL's Rourkela steel plant

The second ASU is in final stages of commissioning

UAE-based Borouge to expand operation in India

The polyolefins supplier to the Indian plastics industry will establish sales office in Delhi next year

Borouge appoints Anil Krishna as GM in India

Krishna succeeded Pusph Raj Singhvi, who retires on December 31, 2013

Danish firm Haldor Topsoe to set up catalyst plant in China

The plant, to be built with an investment of DKK 900 million, will focus on manufacturing catalysts used to remove NOx from the engine exhaust of diesel vehicles

Torrent to acquire Elder's Indian branded formulations business for Rs 2000 crores

Acquisition to strengthen Torrent's position in the women healthcare, pain management & vitamins/nutrition segments

Shasun Pharmaceuticals to sell Vizag unit

Holding talks with potential buyers for the unit, which manufactures APIs

Merck's Pigments & Cosmetics business unit raises prices

Rising production costs one of the reasons for the hike

Global chemicals industry's energy demand to rise by 55% from 2010 to 2040: ExxonMobil

High gas production in North America to benefit the US in industries such as chemicals, steel, manufacturing, etc

BASF to expand mobile emissions catalysts capacity in India

The move is aimed at meeting the rising demand due to new and increasingly stringent emissions regulations and global market growth

Arkema to sell two South African subsidiaries to Ferro Industrial Products

With this, Arkema will dispose of non-strategic activities which represent few synergies with the remainder of its coating activities

AIA Engineering to expand wear parts capacity

The brownfield expansion will increase capacity to 260,000 tonne, while greenfield project to add another 1,80,000 tonne

Merck's unit Allergopharma plans Euro 40 mn facility in Germany

Completion of the new facility, which will be used to expand production to serve new markets such as China, is scheduled for 2016

Cadila Healthcare settles patent litigation with US-based Warner Chilcott

Both parties announces tentative agreement related to Zydus' generic version of Asacol HD (mesalamine) delayed-release tablets

Citadel Plastics completes Lucent Polymers takeover deal

Acquisition to signi?cantly increase Citadel's presence in engineered resins

Celanese to cease operations at two European facilities

Employee consultation process completed at Roussillon (France) acetic anhydride plant and Tarragona (Spain) vinyl acetate unit

Brenntag acquires part of Kemira's business in Denmark

The move to strengthen Brenntag's operational business with industrial chemicals in Denmark

Venus Remedies signs MoU with South African firm for antibacterial drug

With this pact with Austell Laboratories, Venus Remedies to launch the drug Elores in South Africa by mid-2015