Page 57 - Chemicals

Mitsui buys 10% stake in Korean composites maker Hankuk Carbon

Two companies will respond to the need for lighter transportation equipment by developing materials and parts made of carbon fibre and other composites

Emmbi Industries to set up facility for food & pharma grade packaging materials

With the new positive pressure integrated clean room facility for manufacturing of food and pharmaceutical grade FIBC packaging material, Emmbi aims to tap the exports market

Filatex's polyester fully drawn yarn plant begins production

With the 100-mtpd polyester FDY plant at Dahej, the company aims to tap the growing demand of polyester fibre in the company

Flexible packaging: All wrapped up to ensure food safety

With FSSAI focusing on quality and nutritional standards, big brands are giving packaging prominence on their food processing quality checklist

Dorf Ketal acquires US-based oilfield chemical maker Flowchem

With the acquisition of Flow-Chem Technologies (Flowchem), which includes two blending facilities in the US, specialty chemicals producer Dorf Ketal expands in oil & gas upstream market

Nearly half of US physicians open to prescribe more biosimilars: Survey

Lower patient costs remain a key driver across five specialties with significant biologic use; 17 percent believe biosimilars will become the norm in the next three years, according to new data from I

Alkem's API plant in Mandva receives US FDA approval

The Mandva API facility, which was inspected by the US drug regulator in September 2015, will be Alkem's sixth plant to receive US FDA approval

Apollo Tyres forays into 2-wheeler segment

The Apollo Acti series tyres for bikes and scooters would cover nearly 85 percent of the replacement market for two-wheeler tyres in India

Strides Shasun buys Swedish firm Moberg Pharma's 3 brands for $ 10 mn

Moberg brands that are currently marketed in USA, Australia and Middle East will strengthen Strides Shasun's strategy to build a global OTC franchise

Evonik starts basic engineering for methionine plant in Singapore

The 150,000-MT plant of DL-methionine, an essential amino acid that must be supplied in animal feed, is expected to come on stream in 2019

IOL Chemicals receives COPP certificate for ibuprofen and lamotrigine

The receipt of certificates of pharmaceuticals products (COPP) from Punjab's Food & Drugs Administration (FDA) will facilitate IOLCP to broaden its presence in export market

Evonik buys Norwegian food ingredients maker MedPalett

The acquisition of MedPalett, which specialises in food ingredients containing anthocyanins, will help Evonik expand the portfolio of its health care business line

Streamlining projects with a modular approach

Engineering & construction companies (E&Cs) can save significant amounts of time and money by adopting a modular approach to process units that reduces design, schedule and cost uncertainty

L&T completes sale of Coimbatore foundry to Australia's Bradken for Rs 163 cr

The company will continue to maintain its foundries at Kansbahal (Odisha) and L&T Special Steels & Heavy Forgings in Hazira (Gujarat)

FACT receives Rs 1000 crore loan for revival

The reduction in gas prices and benign policy of the government expected to help the company to make operational profits

US & China account for 70% of India's e-waste imports

Delhi-NCR is turning into the world's e-waste dumping yard with the capital alone getting 85 percent of waste generated in the developed world, says an Assocham study

Budget has set the direction for a balanced growth: R Narayan

Budget laid special emphasis on job creation and outlined measures to facilitate ease of doing business while simultaneously boosting agricultural sector and infrastructural growth

Exide Industries' subsidiaries Chloride Alloys and Chloride Metals to merge

Amalgamation will lead to increased competitive strength, productivity gains and logistic advantages

Basic custom duty on acyclic & cyclic hydrocarbons rationalised to 2.5%

Budget has proposed to reduce special addition duty (SAD) on orthoxylene for the manufacture of phthalic anhydride from 4 percent to 2 percent

Huge investment in infrastructure to have a multiplier effect: Sunil Kanoria

Realising well the limitations brought in by slow demand and global slowdown, the budget has rightly put emphasis on creation of employment through Start Up India and Skill Development