Page 78 - Chemicals

What's driving mergers and acquisitions in pharma industry?

Not all mergers result in profitable outcome. However, mergers are critical for the long terms benefits of the pharmaceutical industry and for its short and long term survival

Praxair acquires Tecnogas to expand industrial gases business in Peru

Tecnogas owns and operates three carbon dioxide production plants that Praxair will use to serve the growing demand for the gas in the country

Global biofuels capacity to reach 61 bn gallons per year in 2018

With a 52 percent share, biodiesel made from novel feedstock, specifically waste oils, will lead novel fuels capacity in 2018, according to Lux Research report

AkzoNobel expands performance coatings activities in Vietnam

In addition to serving the local market, the expanded plant will also supply customers across Southeast Asia, India, Australia and New Zealand

Camson Bio inks marketing pact with Zuari Agri Sciences

As per the pact, products manufactured by Camson will be marketed by Zuari under its brand name

Emery Oleochemicals opens bio-based polyol plant in US

The plant is also the world's first industrial-scale facility capable of utilising scrap foam as feedstock to manufacture a new range of sustainable polyols

Aker Solutions appoints Asma Lata as HR head for India

With over 15 years of experience in human resources, Asma will spearhead various strategic HR initiatives for Aker Solutions, which caters to the oil & gas industry

Japanese chemical firm Zeon Corp to begin Indian operation in October

While the company will initially focus on specialty rubber products, it will eventually bring in products from its other business verticals - such as chemicals and specialty plastics

Garware-Wall's polypropylene geotextile receives CE-marking certificate

The certification will further strengthen its international presence by seamlessly circulating its products across 30 countries of the European Economic Area (EEA)

Lanxess and Saudi Aramco form JV for synthetic rubber

While Lanxess will contribute its synthetic rubber business to the new joint venture, Saudi Aramco will pay approximately Euro 1.2 billion in cash for its 50 percent share in JV

Ashland to spin off Valvoline as separate company

The new Ashland will be a premier specialty chemicals company, while Valvoline will focus on engine and automotive maintenance business with its performance lubricants

Arkema to invest in 3D printing research

An international team of researchers and engineers dedicated to developing solutions for 3D printing is based in Arkema's R&D centres in France and USA

Strides Arcolab buys Ranbaxy's CNS biz from Sun Pharma for Rs 165 cr

By acquiring Solus and Solus Care divisions of erstwhile Ranbaxy, Strides Arcolab will gain a strong entry point in the Indian CNS market

Dutch firm Corbion buys lactic acid business of Malladi Specialties

While the transaction includes the sales and delivery of lactic acid and lactic acid based derivatives in India, no production facilities will be acquired by Corbion

Asian Paints to set up Rs 2300-cr facility in Mysuru

Asian Paints will set up the six lakh kilolitre per annum paint manufacturing facility in a phased manner

Rolta bags $13 mn contract for petrochemical complex project

The company has bagged addition contract for engineering information asset solution for one of the world's largest petrochemical complexes

Avery Dennison expands pressure-sensitive tapes plant in China

The Kunshan plant will manufacture a broad range of high performance industrial tapes that bond different materials and substrates in diverse applications

Toshiba acquires majority stake in wastewater treatment firm UEM

Toshiba bought additional 54% stake from the founders and IVFA to become the majority owner with 80% shareholding in UEM

Albemarle to expand lithium battery materials production by 50,000 tonnes

The company is evaluating potential sites, including several locations in the US and Asia, for the new plant, which is expected to be operational in 2020

Technip bags EPC contract for polyethylene plant in Czech Republic

Based on Ineos technology, the new unit will have a capacity of 270.000 tonnes per annum high density polyethylene