Page 35 - Chemicals
Asahi Kasei Mitsubishi restarts naphtha cracker in Mizushima
The cracker was suspended from July 27, 2016 due to a malfunction in its refrigeration system
High performance composites market in US to reach $ 10 bn by 2020
While aerospace is likely to remain the leading market for high performance composites in 2020, pressure vessels will show the fastest growth of all outlets, says Freedonia's new report
 "High performance composites market in US to reach $ 10 bn by 2020")
Industrial gases firms Praxair and Linde engage in merger talks
Merger will aim to counter competition from France's Air Liquide, which acquired US Airgas Inc for $ 10.3 billion in November last year, and slowdown in demand from industrial customers
 "Industrial gases firms Praxair and Linde engage in merger talks")
Astral Poly terminates CPVC supply pact with Lubrizol
Termination will not have any impact on Astral as it has already done backward integration and initiated compounding for Astral CPVC Pro, through its tie up with Japan's Sekisui Chemical
 "Astral Poly terminates CPVC supply pact with Lubrizol")
JSW Steel acquires Praxair India's 74% stake in JV for Rs 240 crore
The acquisition of JSW Praxair Oxygen, which produces industrial gases (key ingredients for steel making), will provide JSW Steel the benefit of backward integration
 "JSW Steel acquires Praxair India's 74% stake in JV for Rs 240 crore")
Piramal Enterprises buys US-based Ash Stevens to tap high potency APIs market
The company will buy the US-based contract development and manufacturing organisation (CDMO) for a total consideration of $ 42.95 million (about Rs 286 crores)
 "Piramal Enterprises buys US-based Ash Stevens to tap high potency APIs market")
Lonza buys InterHealth Nutraceuticals for $ 300 million
Acquisition will strengthen Lonza's specialty nutritional ingredients portfolio
 "Lonza buys InterHealth Nutraceuticals for $ 300 million")
KAP Industrial buys Safripol from Rockwood and Thebe for $ 300 mn
Safripol is a South African manufacturer of polypropylene and high-density polyethylene, used to make an extensive range of industrial and consumer plastic products
 "KAP Industrial buys Safripol from Rockwood and Thebe for $ 300 mn")
Oil supermajors must diversify into new-age energy businesses for survival
These companies can learn from Total's billion-dollar acquisition of Saft that will help it to compete with Tesla-SolarCity, says a Lux Research report
 "Oil supermajors must diversify into new-age energy businesses for survival")
GE to begin subsea equipment production in India at L&T's Tamil Nadu facility
Two companies will partner in the manufacture of subsea manifolds destined for future deep water projects in the Krishna-Godavari basin on the east coast of India
 "GE to begin subsea equipment production in India at L&T's Tamil Nadu facility")
National Fertilizers awards EPC contract to Nuberg for sulphur bentonite plant
The plant, to be set up at Panipat (Haryana), will manufacture 25,000 MTPA of sulphur bentonite, an eco-friendly fertiliser used in agriculture for better productivity and yield
 "National Fertilizers awards EPC contract to Nuberg for sulphur bentonite plant")
Shree Pushkar plans commercial production at fertiliser plant in Sept
The company is setting up a plant for manufacturing sulphate of potash (SOP), a soluble potassic fertiliser, with a capacity of 10,000 metric tonnes per annum
 "Shree Pushkar plans commercial production at fertiliser plant in Sept")
Jindal India selects CMI FPE for supply of two processing lines
The Indian arm of Belgian firm will supply continuous galvanising and colour coating lines which will be installed at Jindal India's Kolkata site by mid-2017
 "Jindal India selects CMI FPE for supply of two processing lines")
Lupin receives US FDA for electrolyte replenisher
The approved product, potassium chloride extended-release tablet, is a generic version of Upsher-Smith Labs' Klor-Con tablet
 "Lupin receives US FDA for electrolyte replenisher")
Skipper to set up facility for engineering and polymer products in Assam
The company will invest Rs 70 crore in the new facility, which have capacity to produce 30,000 tonne and 7000 tonne of engineering and polymer moulded products respectively
 "Skipper to set up facility for engineering and polymer products in Assam")
DCM Shriram plans Rs 97 cr investment to expand chlor alkali capacity in Rajasthan
The company is planning to increase the capacity at Kota plant from 330 tonnes per day (TPD) to 410 TPD
 "DCM Shriram plans Rs 97 cr investment to expand chlor alkali capacity in Rajasthan")
Vikas Ecotech records 72% jump in sales in Q1 FY17
Operation efficiency and savings in raw material costs helped in margin improvements
 "Vikas Ecotech records 72% jump in sales in Q1 FY17")
Norway's Yara acquires Tata Chemicals' urea business for $ 400 million
The company has acquired TCL's Babrala urea plant, which has annual production of 0.7 million tonnes (MT) ammonia and 1.2 MT urea, and distribution business in Uttar Pradesh
 "Norway's Yara acquires Tata Chemicals' urea business for $ 400 million")
Indorama inks metaxylene supply agreement with Spain's Cepsa
Metaxylene is a key feedstock for the production of isopthalic acid, a high value-added chemical additive used in the manufacture of PET, coatings and other resins
 "Indorama inks metaxylene supply agreement with Spain's Cepsa")
SRF to invest Rs 345 crore in two chemical plants
It will spend Rs 165 crore and Rs 180 crore at its Dahej manufacturing site for setting up chloromethane and specialty chemicals plants, respectively
 "SRF to invest Rs 345 crore in two chemical plants")
