Page 43 - Chemicals

Introduce data protection as an IPR: Study

The Assocham-TechSci Research study also suggested for digitisation of IPR for pharmaceuticals in India to strengthen online processing

Cipla and Russia's Nacimbio join hands for HIV and hepatitis C drugs

As per the agreement, two sides will collaborate to set up a facility in Russia for the production of antiretroviral drugs

Monsanto and Remington forms JV for sorghum

Monsanto will contribute its global sorghum breeding business to the JV, while Remington will make contribution in cash ($ 110.5 million)

IOCL, OIL and Bharat PetroResources buys 24% stake in Russian oilfield

Three Indian firms have acquired 24% stake in JSC Vankorneft, in which ONGC Videsh already has 15% stake and that owns Vankor field, from Russia's Rosneft

Tata Chemicals suspends di-ammonium phosphate production at Haldia

The company will continue to supply di-ammonium phosphate (DAP) to its customer from the inventory in hand and imports

Zydus acquires two drugs from Teva to strengthen US portfolio

The total market size of the two acquired ANDAs (abbreviated new drug applications) is estimated at nearly $ 200 million

Industrial IoT ushering in changes in predictive maintenance

Predictive maintenance technologies are driving new business models that promise to eliminate capex, improve uptime, and cut costs, says Lux Research report

BASF acquire Albemarle's surface treatment business Chemetall for 3.2 bn

The acquisition of Chemetall will significantly enhance BASF Coatings' position as a complete solutions provider to global customers

Danfoss launches campaign to promote energy efficient industrial motors

The campaign, Danfoss Energy Efficiency Yatra, will highlight the need for adoption of better standards of industrial motors in energy intensive large industries

L&T Hydrocarbon bags orders worth Rs 1170 crores

Contracts include order of Rs 355 crore from Indian Oil, Rs 500 cr from Reliance Industries, Rs 200 crore from Hindustan Mittal Energy, and Rs 115 cr from a global EPC contractor

Veolia buys Chemours' sulfur products business for $ 325 mn

Sulfur products business, with approximately $250 million in revenue, offers sulfuric acid products and services to a range of industries in North America

DCM Shriram increases chlor alkali capacity by 420 tonnes

The company recently commissioned 420 TPD of additional chlor alkali capacity at its Bharuch (Gujarat) site

UPL buys 26% stake in Weather Risk Management Services

Through this collaboration, UPL will provide farm services, precision farming solutions and other value added services to farmers

NTPC and Coal India form JV Hindustan Urvarak & Rasayn Ltd

The JV will the revive Gorakhpur and Sindri plants of Fertilizer Corporation of India Ltd by setting up ammonia urea plants at both the sites

BASF begins work on Euro 140 mn automotive coatings plant in Shanghai

In addition to the new coating plant, the company also operates a production facility for resins and electrocoat at the same location

Zydus Cadila partners with Eczacibasi to tap Turkish biosimilar market

As per the deal, Zydus will market biosimilars, which are currently unavailable in Turkey especially for the treatment of cancer

Manoj Mishra takes charge as RCF's CMD

The CMD of National Fertilizers Limited (NFL) has been given the additional responsibility as R G Rajan has relinquished the post of RCF CMD

Axiall and Lotte Chemical begin construction work of ethane cracker in US

In addition to the ethane cracker, with capacity of 1 mn tonnes of ethylene, Lotte Chemical will construct an adjacent plant to produce 700,000 tonnes of ethylene glycol

Shell Lubricants India appoints Mansi Tripathy as MD

Tripathy, who will resume charge from August 1, 2016, would succeed Nitin Prasad, who moves on to take over as the chairman of Shell Companies in India

Dutch firm Stahl opens dyes testing center in Maharashtra

The center, located at Thane, will focus on the testing and development of existing and new dyestuffs, which are used in leather industry