Page 66 - Chemicals

L&T-McDermott consortium wins ONGC's Rs 2,450 cr contract

The offshore contract has been awarded for the development of ONGC's Vashishta and S1 deepwater fields situated off the East Coast of India

Cipla forms a six-member management council

The company has appointed Umang Vohra as its global COO, and expanded role of Samina Vaziralli, executive director, to include strategy and M&A

Arrow Coated Products acquires facility in UK

The acquisition is an integral part of the company's strategy to manufacture Jumbo rolls of water-soluble films in India, and convert and customise to European needs

Premier Explosives inks MoU with Israel Aerospace Industries

The company to explores business opportunities in aerospace market with Israel firm, which manufactures advanced systems for air, space, sea, land, cyber and homeland security

Praxair combines JV operations in Southeastern US

The industrial gases company has merged Praxair Distribution Southeast LLC into nexAir

Synthetic lubricants market projected to grow to $ 36 billion by 2020

Asia-Pacific is the fastest-growing market for synthetic lubricants due to high demand from major markets such as China, India, and Japan, says a MarketsandMarkets report

Air Liquide enters into Colombian industrial gas market

The company will set up a manufacturing plant for carbon dioxide, which will be supplied to Coca-Cola FEMSA, the largest beverage company in Latin America

Linde to continue supply of carbon monoxide to Celanese in Singapore

The industrial gases company has been supplying carbon monoxide to Celanese's acetic acid plant at Jurong Island in Singapore since 2004

DSM to appoint Pradeep Pant as new supervisory board member

He has over 37 years' experience leading brands and businesses in the FMCG sector and has worked some of the leading global companies such as Mondelez, Fonterra, Gillette, etc

Indorama Ventures buys BP's Alabama petrochemical complex

With this, IVL gets access to an integrated paraxylene and PTA facility and world's only commercial plant to manufacture NDC, a specialty chemical used in performance polymers and films

Gabriel buys InChem's phenoxy resin business

The acquisition will expand Gabriel's specialty proprietary product offering within the coatings, adhesives, sealants, and elastomers markets

Invest more in research for success of Make in India: Prof David Gross

Nobel laureate Prof David Gross feels that India, which has enormous potential, could do better by investing more in basic sciences and research

Smart food packaging can enhance branding: Dr Mosongo Moukwa

Intelligent packaging can leverage Internet of Things (IoT) and Big Data to establish a dynamic interaction with sensing devices on packaging

Sterile medical packaging market to reach $ 35 bn by 2020

Increasing application of sterile packaging in the pharmaceutical & biological sector, aging population, etc are driving the market, says a MarketsandMarkets report

Ananth Kumar urges CIPET to start plastic waste management consultancy

The premier plastics technology institute plans to open 11 more centres across the country

Gravita ventures into plastic recycling business

The company has set up a PET recycling plant, having capacity of 3600 MTPA, in Nicaragua

Indian pharmaceutical exports: The growth story

While India continues to be a major exporter of generic to traditional markets such as US, UK, Russia, etc, it is also increasing its reach to other nations like Canada, Germany, Brazil, Japan, etc

Glenmark, Roche agree to end patent litigation for cancer drug Tarceva

As part of the agreement, the companies have ceased all relevant patent litigation on this product and Glenmark has acknowledged the patent rights of Roche

Drug delivery products market in US to reach $ 251 bn by 2019

The market for parenteral drug delivery products is projected to rise over 10 percent annually to $86.5 billion in 2019, says a a Freedonia Group report

Regulatory issues, exchange rate crisis hurting pharma exports: Study

Indian pharma industry is expected to reach $ 55 bn by 2020, but exports may slow down, says a study jointly conducted by Assocham and TechSci Research