Page 66 - B2B Connect

Industrial gases firms Praxair and Linde engage in merger talks

Merger will aim to counter competition from France's Air Liquide, which acquired US Airgas Inc for $ 10.3 billion in November last year, and slowdown in demand from industrial customers

Astral Poly terminates CPVC supply pact with Lubrizol

Termination will not have any impact on Astral as it has already done backward integration and initiated compounding for Astral CPVC Pro, through its tie up with Japan's Sekisui Chemical

JSW Steel acquires Praxair India's 74% stake in JV for Rs 240 crore

The acquisition of JSW Praxair Oxygen, which produces industrial gases (key ingredients for steel making), will provide JSW Steel the benefit of backward integration

Piramal Enterprises buys US-based Ash Stevens to tap high potency APIs market

The company will buy the US-based contract development and manufacturing organisation (CDMO) for a total consideration of $ 42.95 million (about Rs 286 crores)

BARC and Sree Chitra Tirunal Institute to jointly develop deep brain stimulator

DBS device, which is used in typical neurological conditions such as Parkinson's disease, dystonia, etc, is currently being imported, limiting its wider usage due to the high cost

Govt plans to open 300 Amrit pharmacies to dispense low-cost drugs

The Amrit retail outlets, which sell drugs at highly discounted rates, are aimed at reducing the burden of out-of-pocket expenses on patients

Lonza buys InterHealth Nutraceuticals for $ 300 million

Acquisition will strengthen Lonza's specialty nutritional ingredients portfolio

US FDA issues establishment inspection report for Natco's Kothur facility

The Kothur facility predominantly caters to regulated international markets, including USA

Cadila Healthcare receives US FDA's EIR report for Ahmedabad facility

The company has received an Establishment Inspection Report (EIR) from the US drug regulator for its topical manufacturing facility located at Changodar (Ahmedabad)

GST prompts a change in business model

Goods and Services Tax (GST) can be a game-changer that propels India into the big league of developed nations, says Mamta Binani

BHEL bags Rs 169 cr order for 30 MW solar power plants in West Bengal

Three solar photovoltaic (SPV) power plants of 10 MW each will be built at Mejia (Bankura), Santaldih (Purulia) and Chharrah (Purulia) in West Bengal

Maharashtra govt picks L&T to convert Nagpur into smart city

The Orange City will become the country's first large-scale integrated smart city

Minda Corp forms JV with China's SBHAP for plastic auto parts

The JV, Minda China Plastic Solutions Ltd will focus on manufacturing interior plastic products of Minda KTSN in China

Cipla names Umang Vohra as MD & Global CEO

The current incumbent, Subhanu Saxena will step down from his position on August 31, 2016. The company also announced that Samina Vaziralli will become executive vice-chairman

KAP Industrial buys Safripol from Rockwood and Thebe for $ 300 mn

Safripol is a South African manufacturer of polypropylene and high-density polyethylene, used to make an extensive range of industrial and consumer plastic products

Oil supermajors must diversify into new-age energy businesses for survival

These companies can learn from Total's billion-dollar acquisition of Saft that will help it to compete with Tesla-SolarCity, says a Lux Research report

Gamesa bags contract for KCT Renewable's 40 MW wind energy project

The order for 20 units of G114-2.0 MW T106 turbine, which is tailor made for low wind sites, will be commissioned by March 2017

GE to begin subsea equipment production in India at L&T's Tamil Nadu facility

Two companies will partner in the manufacture of subsea manifolds destined for future deep water projects in the Krishna-Godavari basin on the east coast of India

Dutch firm Trafigura forms JV with Polycab to set up copper wire facility in India

With a proposed total investment of $ 25 million (about Rs 167 crore), the manufacturing unit, to be located at Halol (Gujarat), will have an annual capacity of 240,000 metric tonnes

Hindustan Copper opens nickel plant in Jharkhand

The 50 MT plant will meet the growing requirement of nickel, the demand for which in the country is around 45,000 MT and is totally dependent on import