Page 75 - Chemicals

Aegis Logistics to set up storage terminal at Mangalore port

New Mangalore port ranks third in terms of POL (petroleum, oil & lubricants) traffic handled among major ports in India

Swiss firm Givaudan to invest Rs 366 cr in flavours facility in Pune

The new site, which is expected to open in 2018, will boost Givaudan's capabilities in liquids compounding, powder blending, emulsions, process flavours and spray drying in India

BASF to invest Euro 6 bn in German chemical manufacturing site

The company will spend a total of at least Euro 6 billion on investments, upgrading and maintenance measures between 2016 and 2020 at the Ludwigshafen site in Germany

Canada's Encanto inks potash supply pact with MMTC

Encanto and MMTC enter into a long term supply arrangement for muriate of potash (MOP)

Sigma-Aldrich sells solvents and inorganics biz to Honeywell

The company sold parts of its business in Europe for fulfilling the commitments made to the EU in order to win antitrust approval for Merck's $ 17-billion acquisition of Sigma-Aldrich

Recipharm buys 74% stake in Nitin Lifesciences for Rs 671 crore

With this, Swedish firm Recipharma aims to bolster its presence in the rapidly expanding Indian market and consolidate its position in the global sterile injectables segment

Roha Dyechem commissions 27.5-MW solar project in Jodhpur

Built with an investment of about Rs 200 crore, the solar plant is spread across a 74.60 hectare which is situated in solar park specially designed for solar power installation

Kilitch Drugs forms JV in Ethiopia

The JV, in which Kilitch will hold 97 percent, will set up manufacturing facility for pharmaceuticals in Ethiopia

Nutraplus India commissions API facility in Tarapur

The APIs manufactured in the new plant will supplied to pharmaceutical companies for producing formulations in the analgesic and other therapeutic categories

Regeneron to invest additional $ 350 mn in Irish biologics plant

With this, the total investment in Limerick site, which will be largest biopharmaceutical production facility in Ireland, will reach $ 650 million by the end of 2017

Diabetes cure: An insight into research post exit of glitazones

With increase in focus on diabetes drugs research, diabetes will be easily curable in near future as a larger number of medicine options will be available to the patients

Orion Engineered buys Evonik and DEG stake in Chinese carbon black JV

The acquisition of stakes in Qingdao Evonik Chemical will improve Orion's ability to serve the highly important Chinese market, as well as the rest of Asia-Pacific

Celanese-Mitsui JV begins methanol production at Texas plant

The methanol unit will have an annual capacity of 1.3 million metric tonnes

Software innovation for production optimisation drives efficiency

As economic storm clouds continue to threaten, standardising on optimisation software allows business to achieve commercial competitiveness and operational excellence

Arrow Coated Products receives patent for water-soluble film

The invention relates to a dosing system which contains active ingredients, embedded within and/or coated upon water soluble or water dispersible polymers

Malaysia plans $ 30 bn investments in urban development projects

Chinese firms have also evinced interest in investing in the new urban sector projects in India

Chemtura to stop HBCD flame retardant production

The company has cited increased regulatory restrictions on the use of hexabromocyclododecane (HBCD) based flame retardants as one of the reasons to discontinue production

Sanghvi Forging wins orders worth Rs 10 cr

With these new orders, the company's total order book size has increased to Rs 40 crore as on 14 October 2015

McNally Bharat JV bags Rs 2048 cr contract for bitumen project in Oman

As per the contract, MBE-EMC Group joint venture will undertake construction and engineering work for Sohar Bitumen LLC in Oman

Punj Lloyd bags Rs 367 cr order from IOC for Paradip Refinery

This is the second order awarded to Punj Lloyd by Indian Oil Corporation for Paradip Refinery in Odisha