Page 5 - Chemicals

L&T to partner Institute of Chemical Technology for 2G ethanol plants

LTHE & ICT to provide complete solutions in setting up 2G ethanol plants, based on ICT technology

Cargill buys BioBased Technologies' polyols product lines

Acquisition expands bio-based product options for existing customers, enables entry into new markets

German flavour & fragrance firm Symrise opens creative centre in Mumbai

It will allow Symrise to co-develop innovative fragrances, oral care flavours & cosmetic ingredients

AstraZeneca sells antacid brand Neksium to Pfizer India for Rs 75 cr

Deal to help Pfizer, which also owns Gelusil brand, strengthen its presence in gastrointestinal area

Mold-tek Packaging to target food & FMCG sectors for IML containers

In-mold labelling (IML) containers are better suitable for food & FMCG products as they are hygienic

Borealis to build automotive PP compounding plant in US

The new plant will help it to become local supplier to automotive OEMs & their tier partners in US

Itochu to invest Rs 250 cr in Aegis Logistics' Haldia LPG terminal project

Japanese firm to pick up 19.7% stake in Hindustan Aegis LPG Company, which is building the project

UAE's ADNOC & OMV ink collaboration pact for petrochemical projects

Under ADNOC's 2030 Strategy, crude production capacity is set to increase to 3.5 million bpd by 2018

PPG exits fiberglass business, sells it to Nippon Electric for $ 545 mn

In 2016, PPG had sold its European fiberglass operations & divested two Asian fiberglass JVs

Domestic manufacturers to get preference in government procurements

New policy will give a substantial boost to domestic manufacturing and service provision

Gluten-free baked foods to drive the demand for guar gum

Market for guar gum is forecast to reach $120 million in 2021, says Freedonia

SRF plans Rs 180 cr capex for setting up agrochemical plant in Dahej

In all, the company will invest Rs 200 crore in the chemicals business for capacity expansion

Symrise opens Asia-Pacific innovation & technology centre in Singapore

Innovation-centric expansion to boost regional and local food manufacturing capabilities

Dr Markus Steilemann to replace Patrick Thomas as Covestro CEO

The current CEO, Patrick Thomas, to complete his term which runs until 30 September 2018

Zuari Agro Chemicals to invest Rs 1300 crore to revamp urea plant

Post-revamp, urea capacity at its Goa site will increase from 1350 MTPD to 1800 MTPD

India needs to re-ignite innovation to scale new heights in manufacturing

While govt accounts for about 75% of total R&D investment, contribution of private firms is very low

Dow to expand coatings & silicones capacity in Saudi Arabia

It will build manufacturing facilities for polymers (used in coatings) & high performance silicones

US FDA accepts application of Sun Pharma's partner Merck for tildrakizumab

Tildrakizumab is being evaluated for treatment of moderate-to-severe plaque psoriasis

Thermo Fisher Scientific buys Patheon for $7.2 billion

Patheon will facilitate Thermo Fisher's entry into the high-growth $40-billion CDMO market

Vivimed Labs & Strides Shasun to form two JVs to tap US generic market

While JV in India will own US FDA-approved plant in Alathur, Singaporean JV will own certain ANDAs