Page 36 - Chemicals

Essar Oil plans Rs 1,600 cr investment in Vadinar refinery to boost GRMs

While it has already invested Rs 400 crore during planned shutdown, it will spend additional Rs 1,200 crore over 2-3 years for upgradation

Zeon and Sumitomo Chemical plan consolidation of S-SBR businesses

Two companies will look into forming a new JV and will transfer their current S-SBR operations, including those of their respective subsidiaries, to the new company

Brenntag to invest GBP 50 million in UK over 5 years

The focus will be on the life science sector, especially the food as well as the pharmaceutical and cosmetics sectors

Pondy Oxides to set up zinc metal facility at Sriperumbudhur

The facility will have capacity to produce 9000 MTPA and 3600 MTPA of zinc metal and zinc oxides respectively

Smart farming: The future of agriculture in the connected world

IoT, combined with big data, provides farmers with a wealth of information that they can use to maximise productivity and maintain the quality of food in the supply chain, says Robert Le Busque

Asian Paints to raise capacity of Sriperumbudur plant by 60,000 KL

In addition, the company is planning to augment the capacity of synthetic resins and emulsions at its Ankaleshwar (Gujarat) manufacturing facility by 35,000 MT

Punj Lloyd arm PL Engineering sells UK subsidiary to Mitsui Group company

PL Engineering sold Simon Carves Engineering Ltd to Engineers and Constructors International Inc a design and engineering company belonging to Japan's Mitsui Group

Belgium's CMI to supply annealing line for JSW Steel's tinplate production plant

The new line, which will be built at JSW's Tarapur facility, will produce 208,000 tpa of steel substrate for tinplate, which will then be electroplated and used as packaging material

Passing of the GST Bill is good news for Indian businesses: R Narayan

The GST will ensure that there is reduction in logistics costs bringing great relief to manufacturing SME sector

Astral ties up with Japan's Sekisui Chemical for CPVC resin

Indian firm will source chlorinated polyvinyl chloride (CPVC) resin from Sekisui Chemical for hot and cold water plumbing system

Deepak Fertilisers to set up nitric acid plant in Dahej with Rs 550-cr investment

This marks DFPCL's maiden investment in manufacturing facility outside Maharashtra. The new project is scheduled to be completed by H2 of 2018

If GST tax is capped at 18-20%, it will benefit chemicals industry: Ajay Durrani

The trickle-down and cascading effects of the GST in other sectors such as logistics, manufacturing, auto and consumer products too will impact the chemicals and polymers industry

HR has to be a change champion in evolving organisations: Cyrus Jalnawala

According to Cyrus Jalnawala, director - human resources (HR), Dow India, HR has to take the lead in equipping organisations facing challenges due to changing business climate

Lupin acquires 21 branded products from Japan's Shionogi for $ 150 mn

These 21 products, covering therapy areas such as central nervous system (CNS), oncology, cardiovascular and anti-infectives, had sales of Yen 9.4 bn ($ 90 million) collectively

AksharChem to temporarily shutdown vinyl sulphone plant at Mehsana

The shutdown, effective from August 12, 2016 to August 27, 2016, will be undertaken for carrying out repair and maintenance work at the site

China's Fosun Pharma acquires 86% stake in Gland Pharma for $ 1.26 bn

Acquisition will help Fosun Pharma to strengthen its presence in the global injectables market - one of the fastest growing segment within pharma industry

Fire breaks out at Meghmani Organics' pigment plant in Dahej

While the plant has four manufacturing sections, only one section of beta blue pigment got affected due to fire

The Chatterjee Group buys Mitsubishi Chemical's PTA business in India

Acquisition of MCC PTA India will help TCG, which owns majority stake in Haldia Petrochemicals, to consolidate its petrochemicals business in India

Sun Pharma signs licensing pact with Spain's Almirall for tildrakizumab in Europe

As per the agreement, which will fetch Sun Pharma $ 50 mn as an initial upfront payment, Almirall will lead the marketing effort of tildrakizumab for treatment of psoriasis in Europe

Vivimed arm Klar Sehen divests certain products to Ordain Healthcare for Rs 73 cr

The move is part of Vivimed's strategy to exit from the branded formulations in ophthalmology and to focus on CMO and US generic business