Page 29 - Chemicals

Novo Nordisk to layoff 1,000 employees globally

This is one of several actions taken to reduce operating costs as the company faces a challenging competitive environment in 2017, especially in its large US market

Tata Chemicals Europe receives government fund for soda ash facility in UK

The company has received Pound 2.5 million European Regional Growth Fund grant from the UK government for installing a new turbine at its Winnington (Cheshire) facility

HPCL launches engine oils for Tata Motors vehicles

The new range includes engine oils, gear oils, steering and transmission fluids, coolants, brake fluids and greases

Zydus ties up with Medicines for Malaria Venture to co-develop antimalarial drug

The Ahmedabad-based pharma major will lead the development of the novel compound, which was discovered by MMV in collaboration with AstraZeneca, India

Hyundai ropes in Praxair for supply of oxygen in South Korea

Praxair will build, own and operate four vacuum pressure swing adsorption plants that will supply a combined 750 TPD of oxygen to Hyundai Oilbank

Sanmar Group selects Nuberg to set up calcium chloride plant in Egypt

The company has award Nuberg a contract of $ 20 million for the project, which is part of existing chemical complex incorporating caustic soda, EDC, VCM, and PVC plants

BASF to build acetylene facility in Ludwigshafen to replace old plant

The new facility, which will start production at the end of 2019, will have the capacity to produce 90,000 metric tonnes per annum (MTPA) of acetylene

Non-availability of D-penicillamine disrupts Panacea Biotec's Cilamin capsule supply

The company, which recently released limited quantities of the medicine in the market, is holding talks with Indian and China raw material suppliers to normalise the situation

Pidilite ties up with US-based WD-40 Company for multi-purpose spray

The maker of Fevicol adhesive will be responsible for the distribution and sales of WD-40 Multi-Use product in India

India initiates anti-dumping probe on synthetic rubber imports from 5 countries

DG of Anti-dumping & Allied Duties (DGAD) has initiated the investigation following a complaint from Reliance Industries, the sole producer of polybutadiene rubber (PBR) in India

Polymer Solutions Group buys Alkon to expand rubber additives business

Alkon brings anti-tack technology and geographic scope that complements PSG's Sasco Chemical Additives Business

Bayer opens global formulation technology lab at Vapi

The lab will focus on developing seed treatments, herbicides, fungicides, and insecticides for the local small-landholder farmers, as well as for regional and global markets

New bio-materials offer performance edge over petro-based products

While bio-based solutions earned past scepticism, the next generation can offer high value in specialty chemicals, biopolymers and advanced materials, says Lux Research

As India gears up to phase out harmful refrigerants, cost concerns remain

To mitigate this challenge, India will press for an equitable agreement at the climate change conference in Kigali, to be held for negotiation on phase out of harmful hydrofluorocarbons (HFCs)

Cambrex acquires PharmaCore to expand clinical stage API capabilities

The acquisition will enhance Cambrex's portfolio of small molecule API services and complements its existing large scale, multi-purpose manufacturing facilities in the US and Europe

PerkinElmer to realign business into two segments

Prahlad Singh to lead the diagnostics business, while Jim Corbett to head the discovery & analytical solutions business

Kilitch Drugs allotted land in Ethiopia to set up production facility

The company has been looking to expand its presence in Africa with plans to set up manufacturing facilities in Ethiopia and Burkina Faso primarily for nutraceuticals

India inks pact with ISA for exploration of polymetallic sulphides

By signing the 15-year contract with the International Seabed Authority (ISA), India's exclusive rights for exploration of PMS in the Indian Ocean will be formalised

Rain Industries opens waste heat recovery based power plant

The heat recovery from the flue gases will not only save large quantities of fossil fuels but also substantially reduce the cost of power generation for the company

Solvay sells part of OLED patent portfolio to Nissan Chemical

The deal will help Nissan Chemical to accelerate the development of materials related to coating-type organic LED by leveraging the technologies acquired from Solvay