Page 84 - Chemicals
Dutch firm DSM selects Wipro to provide IT solutions
Wipro will provide next generation workplace technology features such as predictive analytics, automation, multi-channel support, user experience management, etc to DSM
 "Dutch firm DSM selects Wipro to provide IT solutions")
Tuticorin Alkali Chemicals to set up carbon dioxide recovery project
The project, which will use boiler flue gases, will provide an independent continuous source of the vital raw material for the company
Kansai Nerolac plans Rs 180-cr paints plant near Amritsar
In addition, the company will set up an R&D centre, with an investment of Rs 40 crore, at Vashi, Navi Mumbai
 "Kansai Nerolac plans Rs 180-cr paints plant near Amritsar")
Investment firm KKR to invest $ 150 mn in polyester maker JBF Group
A portion of the proceeds will be used by KKR to acquire 20 percent stake in JBF, which makes polyester value-chain products ranging from polyester chips, polyester yarn and films
 "Investment firm KKR to invest $ 150 mn in polyester maker JBF Group")
Oriental Carbon plans Rs 159 cr investment to expand insoluble sulfur capacity
The company will raise capacity of insoluble sulphur, which is mainly used in tyre & rubber industries, by 11,000 metric tonnes per annum at its Mundra (Gujarat) facility
 "Oriental Carbon plans Rs 159 cr investment to expand insoluble sulfur capacity")
Merck to provide Euro 25,000 fund to start-ups with innovative ideas
The company has called for application from start-ups - German as well as international - to apply for funding of innovative ideas by August 14, 2015
 "Merck to provide Euro 25,000 fund to start-ups with innovative ideas")
H B Fuller to set up adhesives facility in Indonesia
From this new site, H B Fuller will provide adhesive solutions to customers in the hygiene, packaging, woodworking, filter, product assembly, container labelling
Frutarom buys US-based Scandia Citrus
This is Frutarom's ninth acquisition in 2015, which includes Frutarom deal to buy 60% stake in Bangalore (India) based flavours and fragrances firm Sonarome for $17.2 mn
Idemitsu to buy Shell's stake in Showa Shell for $1.4 bn
The sale is consistent with Shell's strategy to concentrate its downstream footprint on a smaller number of assets and markets where it can be most competitive
 "Idemitsu to buy Shell's stake in Showa Shell for $1.4 bn")
Dr Reddy's Labs partners with US-based Purdue University for research
The strategic partnership will focus on research in pharmaceutical processes and product development
 "Dr Reddy's Labs partners with US-based Purdue University for research")
General Motors plans $1-bn investment in India by 2020
As a part of its consolidation plans, GM will shut down Halol (Gujarat) plant by 2016, while it will expand capacity at Talegaon (Maharashtra) manufacturing plant
 "General Motors plans $1-bn investment in India by 2020")
Alkyl Amines Chemicals commissions solar power plant in Maharashtra
The 2-MW solar power plant in Osmanabad (Maharashtra) to generate electricity for the company's captive use
 "Alkyl Amines Chemicals commissions solar power plant in Maharashtra")
Auto market to drive global butadiene demand to cross 13 MMT by 2020
Recovery of the auto sector is expected to create higher tyres demand, which in turn is likely to drive the synthetic rubber and butadiene market through 2020, says a TechSci Research report
 "Auto market to drive global butadiene demand to cross 13 MMT by 2020")
Advanced insulation materials market to reach $1.9 bn in 2019
The market for aerogels, vacuum insulation panels and phase-change materials lies in non-building applications like refrigeration and logistics, says a Lux Research report
 "Advanced insulation materials market to reach $1.9 bn in 2019")
KSB Pumps plans Rs 250-crore expansion
The company, which will spent the capex over five years, will set up a new plant for manufacturing high-end engineered pumps for super critical thermal power plants
 "KSB Pumps plans Rs 250-crore expansion")
US FDA import alerts: Deciphering the right message
With India ranking fourth in the list of countries that received warning letters and import alerts from US FDA, pharma companies will have to put in more quality control measures in place
 "US FDA import alerts: Deciphering the right message")
Belgium's Solvay inks $5.5-bn deal to acquire composite materials major Cytec
Acquisition propels Solvay to world's second largest player in aerospace composite materials, and reinforces advanced formulations with the world's number one mining chemical business
 "Belgium's Solvay inks $5.5-bn deal to acquire composite materials major Cytec")
Israel's Teva to acquire Allergan Generics for $40.5 bn
Following the completion of the acquisition, Teva is expected to have pro forma sales of approximately $26 billion and EBITDA of approximately $9.5 billion in 2016
 "Israel's Teva to acquire Allergan Generics for $40.5 bn")
Gain control over project costs and risk through better conceptual estimates during FEED
One of the biggest factors that may disrupt capital projects is a chronic escalation of project costs. New thinking is required to overcome the project cost and execution challenges
 "Gain control over project costs and risk through better conceptual estimates during FEED")
Yara and BASF to set up $600-mn ammonia plant in Texas
While BASF will use its share of ammonia from the plant to produce caprolactam, Yara will market the remainder to industrial & agricultural sectors in North America
 "Yara and BASF to set up $600-mn ammonia plant in Texas")
