Page 40 - B2B Connect

Promoters hike stake in fragrance & flavour firm S H Kelkar

Promoters bought 0.93 percent stake from PE firm Blackstone Group (which sold its 4 percent stake in the company) for a total consideration of Rs 40.46 crore

AkzoNobel buys BASF India's industrial coatings business

This follows the completion of global acquisition of BASF's industrial coatings business by AkzoNobel, which was first announced in February this year

Lonza buys gelatin capsules maker Capsugel from KKR for $ 5.5 billion

With 13 facilities, which include a hard capsule manufacturing facility in Delhi (India), Capsugel is one of the leading global players in advanced oral dosage delivery technologies

Technip extends PTA alliance with BP to acetic acid

As per the deal, Technip will be the exclusive provider of front end loading (FEL) services for fully-owned and JV acetic acid projects developed by BP worldwide

Evonik to set up $ 120-mn precipitated silica plant in US

With the new plant, the company aims to meet the growing demand for precipitated silica, a key ingredient in making energy-efficient tyres, in North America

Amyris & Nikkol Group form cosmetics ingredient JV

Japanese cosmetic specialty chemical provider joins Amyris to further strengthen its position in personal care ingredients segment

Swan Energy inks pact with 2 firms for developing gas field in Iran

As per the deal, Swan will offtake around one MTPA LNG from this project, which will be delivered to the FSRU (floating storage regasification unit) being built by Swan in Gujarat

Basmati rice producer KRBL builds furfuryl alcohol plant in Punjab

The plant converts furfuryl oil (which is produced from rice husk) into furfuryl alcohol as there is huge demand for this bio-based chemical in India

Cipla to set up manufacturing facility for pharmaceuticals in Iran

For this, the company has agreed to form a joint venture with Iran's Ahran Tejarat Company with an investment of approximately Euro 16.875 million (about Rs 120 crore)

Polymers to aid the Second Green Revolution in India

Efficient insulation through the use of polyurethane materials can drastically reduce spoilage of perishable foods like fruits, vegetables, etc in India, says Ajay Durrani

Wind Point acquires Paragon Films

Paragon is the manufacturer of high performance cast stretch films that are principally used to unitise loads while in storage and transit

Green Biologics starts shipments of bio-based n-butanol & acetone

The company's Little Falls (USA) plant uses proprietary advanced fermentation technology to produce bio-based n-butanol and acetone

DuPont and Dow to merge; Intends to spin off into 3 companies post-merger

Experts believe that a big challenge for the non-agro business entities (of the combined company) will be to unlock synergistic value in the short term

Global plastics industry's effort to combat marine litter grows in 2016

Seven new industry associations join the 'Joint Declaration'; Group, which includes India's AIPMA and IPI as members, will operate as the 'Global Plastics Alliance' going forward

Avery Dennison buys Hanita Coatings for $ 75 mn

Hanita Coatings develops and manufactures coated, laminated, and metallised polyester films for a range of industrial and commercial applications

Bajaj Electricals ties up with UK's Gooee for IoT based lighting solutions

The alliance will develop innovative lighting products on IoT (Internet of Things) platform relevant to indoor commercial spaces like workspaces, retail outlets, hospitals, etc

TCPL Packaging starts new offset printing line at Silvassa

The new machine has an annual capacity to convert 9000 T of paperboard

Alkem's Ankleshwar APIs facility receives three 483 observations from US FDA

These observations were issued following an inspection conducted by US FDA at the site from December 5-9, 2016

Lonza in talks with KKR to buy Capsugel

If the deal materialises, then experts believe that it would be worth more than $ 5 billion

Natco launches generic Tamiflu capsule in US

Tamiflu oral capsules had US sales of approximately $ 403 million for twelve months ending December 2015, according to IMS Health