Page 60 - Chemicals

Swedish firm Perstorp plans to set up pentaerythritol plant in India

The company, which has penta manufacturing plants in Germany, US and Sweden, is eyeing to tap the fast growing market of coatings in India with the new plant

Manufacturing sector hopes to see major reforms in budget: Jeremy Hunter

Reduce custom duty on raw materials used in adhesive manufacturing from 7.5% to 5%, while increase the duty drawback rate for adhesive exports from 3% to 5%

Govt should curb imports of stainless steel products to boost local production: ISSDA

The duty on critical raw materials needs to be reduced to nil from the existing level of 2.5% in order to create a level playing field for domestic SS product makers to compete with China and other co

Encourage use of energy efficient equipment in cold chain: Ravichandran Purushothaman

Provide impetus to the development of food processing sector in clusters to reduce wastage of agricultural produce and to create employment opportunities, especially in rural areas

EEPC demands technology upgradation fund for MSME

Engineering exporters seek broadening of promotional schemes to reverse export drop

US companies to invest over $ 27 bn in India in two years: USIBC

To boost further investor confidence, India should provide a robust IP policy, greater clarity on certain FDI regulations and implement the GST

Versalis and Genomatica produce bio-rubber from sugars

Two companies have successfully advanced to pilot-scale production of bio-butadiene, used to make rubber, from fully renewable feedstock, ie sugars

Westlake makes hostile bid to acquire Axiall

The company hints at nominating 10 independent directors to the Axiall board, which has summarily rejected the Westlake proposal, at its 2016 annual meeting

Knowledge intensive technologies can boost Make in India initiative

The current approach of importing components and licensing of IP across the strategic sectors is the biggest threat to innovation in India in the long run, says a CEEW study

Evonik, TeamTec to co-market Avitalis ballast water treatment system

While TeamTec will be responsible globally for manufacture, sales and service of Avitalis, Evonik will ensure the supply of Peraclean Ocean, which is used in the water treatment system

Petroleum Minister, Odisha Govt discuss roadmap to develop petrochemical industry

The government aims to develop plastics & allied industries in the vicinity of Paradip refinery, where Indian Oil is also setting up a polypropylene plant

Big data and analytics can reduce R&D cost in chemical industry

Novel sensors, cheminformatics, and advanced analytics can help bring new products to market faster and cheaper in the chemical industry, says a Lux Research report

Asahi Glass begins shipment of PVC from Indonesian plant

With the aim to meet the growing demand for caustic soda and polyvinyl chloride in Southeast Asia, AGC Asahi Glass has increased the capacity at Anyer plant

Ceat to invest Rs 330 cr in OTR radial tyres plant

The plant, which will be set up at Ambernath (Maharashtra), will have an initial capacity of 40 metric tonne (MT) per day

Lanxess and Saudi Aramco rubber JV named as Arlanxeo

The JV, to be launched on April 1, 2016, will produce synthetic rubber used in manufacturing of tyres, auto-parts, and a wide range of other applications

Evonik to expand Vestosint polyamide capacity in Germany

The new plant, which is scheduled to become operational in late 2017, will increase the Group's existing annual capacity for polyamide 12 (PA12) powders by 50 percent

AkzoNobel buys BASF's industrial coatings business for $ 530 mn

The acquisition of BASF's industrial coatings business, which generated sales of about $ 335 mn in 2015, will strengthen AkzoNobel's position in the coil coatings market

Mylan buys Swedish firm Meda for $7.2 bn

The deal will expand Mylan's portfolio of specialty, generic and over-the-counter (OTC) products and provides Mylan with entry into a number of new & attractive emerging markets

Makers Laboratories plans sale of Thane manufacturing unit

The unit, which manufactures bulk drugs and drug intermediates, contributed approximately 14% of the company's total income for 2014-15

Indian Institute of Chemical Biology inks MoU with NRDC to promote entrepreneurship

The partnership expected to contribute to the Start-up India and Make in India missions of Government by way of promoting entrepreneurships, incubation, IPRs, technology transfer, etc