Page 54 - Chemicals

Budget 2016: Looking out for the start-up community

While the road has been paved for a boom in start-ups and budding entrepreneurs, almost literally with the infrastructural development mentioned in the budget, there is a lot left to be desired

SRF to set up pilot plant for next-gen refrigerant gas HFO 1234yf

With this, SRF becomes the first company outside US and Europe to develop and manufacture new generation HFO 1234yf using indigenous technology

Mitsui's Thai venture Labix starts linear alkylbenzene production

The facility will capacity to produce 100,000 tonnes a year of LAB, which is widely used for the production of detergents

Metabolix inks pact with CJ CheilJedang to make biodegradable polymers PHAs

As per the deal, CJ will operate a 10 KT polyhydroxyalkanoate (PHA) plant at Iowa (USA) based on Metabolix's PHA technology

Henkel India to provide solar power to villages in Maharashtra

This project, which is in line with the global Sustainability Strategy for 2030, aims to provide electricity to villages in Maharashtra by installing solar panels

Indian Oil awards wind energy project contract to Suzlon

The project, located in Rajasthan's Jaisalmer and Jodhpur districts, consists of 11 units of S97 120m all-steel hybrid tower and 12 units of S97 90m tubular tower with rated capacity of 2.1 MW each

Ikea inks pact to acquire surplus Rallis land in Navi Mumbai

Furniture maker is expected to pay about Rs 214 crores to Rallis for assignment of its leasehold rights

Ceat commissions Buti Bori tyre plant in Maharashtra

Built with a capacity to manufacture 15 MT per day in the first phase, the plant is expected to manufacture 1.2 million tyres when fully operational

CNOOC and Shell to expand petrochemical complex in China

The project includes new ethylene cracker and ethylene derivatives units, and a styrene monomer and propylene oxide (SMPO) plant

Synthomer acquires Hexion Performance Adhesives & Coatings for $ 226 mn

The acquisition of Hexion PAC significantly strengthens Synthomer's position in the global dispersions and additives market, particularly in the US and Asia

A Schulman to build masterbatch plant in France

The company plans to expand masterbatches capacity at Givet site to meet the growing demand in France and other European countries

Plastiblends begins production at Surat masterbatches plant

Early this month, the company, which has been augmenting the manufacturing capacity of masterbatches, announced its plans to build a plant in West Bengal to tap the Eastern region

Honeywell joins hand with Navin Fluorine to make auto refrigerant in India

As per the deal, Honeywell will license its proprietary technologies to produce the refrigerant to Navin Fluorine, which will manufacture Solstice yf in India exclusively for Honeywell

Yokohama Rubber buys Alliance Tire for $1.2 bn

The acquisition of off-highway tyre maker ATG will strengthen Yokohama Rubber's product line-up in commercial tyres

Dr Reddy's enters into licensing pact for XenoPort's under-trial psoriasis drug in US

As per the agreement, XenoPort will receive a $47.5 million up-front payment and an additional $2.5 million for transfer of certain clinical trial materials to Dr Reddy's Laboratories

Sun Pharma buys Novartis' 14 brands for $ 293 mn in Japan

With the acquisition of these brands, which have combined annualised revenues of approximately $ 160 million, Sun Pharma enters Japanese prescription market

Tata Chemicals to temporarily shut down Babrala fertiliser plant

The company has decided to the shutdown, started from March 22, 2016, for carrying out maintenance

Jindal Steel opens 1.4 MTPA rebar mill in Oman

Considering the 15 MTPA rebar consumption in GCC countries, the 1.4 MTPA mill will strengthen Jindal Steel's position in the construction sector of the region

Sun Pharma partners AstraZeneca to sell diabetes drug dapagliflozin in India

Under the agreement, both companies will promote, market & distribute dapagliflozin in India under different brand names, while AstraZeneca will retain the IPRs to dapagliflozin

Sherwin-Williams buys Valspar for $ 11.3 bn

With this acquisition, Sherwin-Williams significantly expands position in Asia-Pacific & EMEA coatings markets, and extends capability set into packaging & coil with leadership positions