Page 61 - Chemicals

Sun Pharma winds down JV with MSD

JV was established in 2011 to develop branded generics for emerging markets

European drug regulator approvals Biocon's first generic formulation

The company plans to launch cholesterol lowering drug rosuvastatin, a generic version of AstraZeneca's Crestor, in FY 17

Punj Lloyd bags Rs 2,070 cr pipeline contracts in Oman

The scope of work for the contracts includes the construction of a 300-km natural gas liquid (NGL) pipeline, which is a part of Orpic's $ 6.4-bn Liwa Plastic Industries Complex project

Clariant to set up white masterbatches plant in Saudi Arabia

The new plant, which is expected to be commissioned by early 2017, will be the second manufacturing hub for Clariant Masterbatches in Saudi Arabia

Thermo Fisher buys X-ray diffraction provider Inel

Acquisition to expand Thermo's capabilities in materials science and structural characterisation

Government to take agri-waste route to achieve ethanol blending targets

The Government has taken up second generation of lignocelluloses (or agri-residues) to ethanol production & achieve the target of 10% ethanol blending, says Dharmendra Pradhan

PM Narendra Modi launches Make in India Week in Mumbai

MoUs signed by Raymond Industries (to set up Rs 1400 cr manufacturing unit for linen yarn and garments) and Sterilite group (to invest in LCD FAB project involving investment of Rs 20,000 cr)

AkzoNobel in talks to buy BASF's industrial coatings business

BASF's industrial coatings unit supplies pigments, binders, and additives

Tata Power develops India's first pad mount substation

Pad mount substation, built in collaboration with Toshiba and Cargill, helps reduce the land footprint requirement by almost 70 per cent as compared to conventional substations

Camex to set up plastic chemicals plant at Ankleshwar

The new plant, to be built with an investment of Rs 10 crore, will have initial manufacturing capacity of 5000 metric tonne (MT) per annum

Hydrocarbon Vision 2030 for North East released

The vision aims at doubling oil & gas production by 2030, making clean fuels accessible, fast tracking projects, promoting cooperation with neighbouring countries, etc

Air Liquide's arm Cryo buys pharma logistics firm PDP Couriers

With this acquisition, Cryo combines its know-how in Carboglacetm (or dry ice) and temperature-controlled solutions with a premium logistics service

Brahamputra Cracker to give fillip to plastics industry in North East

The government plans to revive Brahmaputra Valley Fertilizer plant and set up a National Institute of Pharmaceutical Education and Research (NIPER) campus in Guwahati

Global demand for nonwoven fabrics to cross 11 mn tones in 2019

While China will account for nearly half of all global gains through 2019, India will see faster gains as it continues to rapidly develop its manufacturing and construction sectors, as per Freedonia r

Enhancing food security through sustainable packaging

In spite of producing 263 mt of food (whereas the country requires only 225-230 mt annually), India is facing food insecurity issue due to wastage. Flexible packaging can offer a sustainable solution

LyondellBasell completes sale of Petroken for $184 mn

The company has sold Petroken, a leading polypropylene producer in Argentina, to Grupo Inversor Petroquimica

A Schulman expands compounding capacity in Germany

The company has added two twin screw extruders at the Kerpen plant in Germany to expand its highly specialised engineering plastics production

Sika opens two construction chemical plants in Southeast Asia

With two plants in Myanmar and Cambodia, Sika is increasing its proximity to customers in these growing markets

Lonza forays into drug product development services segment

For services, the company will focus on parenteral dosage forms for biologics, drug conjugates, peptides and small molecules for products for injection or infusion

Alivira Animal Health commences operation at Vizag APIs facility

This is second API facility of Sequent Scientific's animal healthcare arm in India