Page 58 - Chemicals

India, US to partner for cancer and traditional medicine research

The collaboration aims to incorporate more scientific inputs from both sides in traditional medicines which can help mainstreaming AYUSH systems in patient health care across the globe

Cabinet gives nod to wind up NMCC

National Manufacturing Competitiveness Council was established in 2004 to provide a forum for policy dialogue to energise and sustain the growth of manufacturing sector

Praxair acquires UK-based NOxBOX from Bedfont Scientific

NOxBOX specialises in the manufacture of inhaled gas delivery and monitoring instruments for the medical market

ICL sells water treatment chemicals unit to China's Dalian Group

The sale of Clearon is part of ICL's strategy to divest its non-core businesses to focus on its core businesses in the agriculture, food and engineered materials markets

Asahi Glass, JMTC form JV to produce organic acids from biomass

JV aims to commercialise biochemical technologies that produce organic acids, such as lactic acid, from biomass

Scott Wright to head Huntsman's advanced materials division

He will succeed James Huntsman effective June 1, 2016

Corbion to open bioplastic PLA plant in 2018

In addition, Corbion will expand its existing lactide plant in Thailand by 25 ktpa to serve both its own PLA (polylactic acid) plant and lactide customers

Axiall sells window & door profiles, compound additives businesses

While the company has sold certain assets of its compound additives business to Galata Chemicals, OpenGate Capital has acquired Axiall's window & door profiles business

Plastiblends India plans masterbatches plant in West Bengal

Increasing demands for plastics in the Eastern region is driving the market of masterbatches, a key ingredient used for making plastic products

Great boost for agriculture, but tepid for infrastructure: Hemant Kanoria

Defence sector, which is supposed to be an integral part of the 'Make in India' programme, was almost entirely overlooked in the budget

We foresee a surge in demand for housing: Prashant Vatkar

The Union budget's allocation of Rs 35,984 crores for agriculture and farmer welfare is a promising step in bolstering confidence and reviving demand in the rural economy

From industry standpoint, budget can be termed as lackluster: Savan Godiawala

The budget failed to address industry issues like rationalisation of taxes in SEZ, higher infra spend in developing industry parks, deal with inverted duty structure, continued incentive for R&D,

Investment of Rs 2.18 lakh cr in road and rail to fuel economy: Alagu Balaraman

These investments will dramatically improve transit timing and reduce the per km cost of transportation

Recipharm buys Italy's Mitim Srl for $ 74 mn

With this acquisition, Recipharm adds an important new technology with FDA inspected facilities in the niche area of filling of sterile beta lactams

International Chemical Investors buy Sandoz's Frankfurt site

Acquisition will help ICIG to grow its enzymes-based manufacturing portfolio and dedicated antibiotics technology platform and add capabilities in microbial fermentation and enzymatic reactions

Budget focuses on skill development and job creation: Haresh Sippy

Initiatives such as setting of 1500 multi skill development units and incentivising job creation through contribution of 8.3% in EPFO for recruiting fresh employee are commendable steps

Govt is building fire-walls against the global slowdown: Sudhir Shenoy

Budget puts the security and prosperity of the rural communities at the foundation of nation building, catalysing domestic demand and bridging financial disparity

Dhunseri Petrochem forms PET JV with Thai firm Indorama Ventures

The JV, with manufacturing capacity of 700,000 tonnes of polyethylene terephthalate (PET), will be a dominant player in PET resins market in North and East India

FM has tried to bring back focus to the core sectors: Richard van der Merwe

The Finance Minister's proposal to focus on agriculture & farmers' welfare, direct benefit transfers for fertilisers, enhanced irrigation acreage, etc is a very welcome move

Govt has shed its perceived urban bias and delivered a pro-farmer budget: Rajesh Aggarwal

Increasing area under irrigation by 28.5 lakh ha as well as a commitment of Rs 6,000 crore for recharging of ground water, especially in drought hit areas, will immensely benefit the farmers