Page 19 - Chemicals
Asahi Kasei Mitsubishi restarts naphtha cracker in Mizushima
The cracker was suspended from July 27, 2016 due to a malfunction in its refrigeration system
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
 "Industrial gases firms Praxair and Linde engage in merger talks")
India begins probe into dumping of chemical by 4 countries
DGAD is the nodal agency under the Commerce Ministry for such investigations
 "India begins probe into dumping of chemical by 4 countries")
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
 "JSW Steel acquires Praxair India's 74% stake in JV for Rs 240 crore")
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
 "KAP Industrial buys Safripol from Rockwood and Thebe for $ 300 mn")
National Fertilizers awards EPC contract to Nuberg for sulphur bentonite plant
The plant, to be set up at Panipat (Haryana), will manufacture 25,000 MTPA of sulphur bentonite, an eco-friendly fertiliser used in agriculture for better productivity and yield
 "National Fertilizers awards EPC contract to Nuberg for sulphur bentonite plant")
Shree Pushkar plans commercial production at fertiliser plant in Sept
The company is setting up a plant for manufacturing sulphate of potash (SOP), a soluble potassic fertiliser, with a capacity of 10,000 metric tonnes per annum
 "Shree Pushkar plans commercial production at fertiliser plant in Sept")
DCM Shriram plans Rs 97 cr investment to expand chlor alkali capacity in Rajasthan
The company is planning to increase the capacity at Kota plant from 330 tonnes per day (TPD) to 410 TPD
 "DCM Shriram plans Rs 97 cr investment to expand chlor alkali capacity in Rajasthan")
Vikas Ecotech records 72% jump in sales in Q1 FY17
Operation efficiency and savings in raw material costs helped in margin improvements
 "Vikas Ecotech records 72% jump in sales in Q1 FY17")
Norway's Yara acquires Tata Chemicals' urea business for $ 400 million
The company has acquired TCL's Babrala urea plant, which has annual production of 0.7 million tonnes (MT) ammonia and 1.2 MT urea, and distribution business in Uttar Pradesh
 "Norway's Yara acquires Tata Chemicals' urea business for $ 400 million")
SRF to invest Rs 345 crore in two chemical plants
It will spend Rs 165 crore and Rs 180 crore at its Dahej manufacturing site for setting up chloromethane and specialty chemicals plants, respectively
 "SRF to invest Rs 345 crore in two chemical plants")
Zeon and Sumitomo Chemical plan consolidation of S-SBR businesses
Two companies will look into forming a new JV and will transfer their current S-SBR operations, including those of their respective subsidiaries, to the new company
Asian Paints to raise capacity of Sriperumbudur plant by 60,000 KL
In addition, the company is planning to augment the capacity of synthetic resins and emulsions at its Ankaleshwar (Gujarat) manufacturing facility by 35,000 MT
 "Asian Paints to raise capacity of Sriperumbudur plant by 60,000 KL")
Deepak Fertilisers to set up nitric acid plant in Dahej with Rs 550-cr investment
This marks DFPCL's maiden investment in manufacturing facility outside Maharashtra. The new project is scheduled to be completed by H2 of 2018
 "Deepak Fertilisers to set up nitric acid plant in Dahej with Rs 550-cr investment")
If GST tax is capped at 18-20%, it will benefit chemicals industry: Ajay Durrani
The trickle-down and cascading effects of the GST in other sectors such as logistics, manufacturing, auto and consumer products too will impact the chemicals and polymers industry
 "If GST tax is capped at 18-20%, it will benefit chemicals industry: Ajay Durrani")
Fire breaks out at Meghmani Organics' pigment plant in Dahej
While the plant has four manufacturing sections, only one section of beta blue pigment got affected due to fire
 "Fire breaks out at Meghmani Organics' pigment plant in Dahej")
The Chatterjee Group buys Mitsubishi Chemical's PTA business in India
Acquisition of MCC PTA India will help TCG, which owns majority stake in Haldia Petrochemicals, to consolidate its petrochemicals business in India
 "The Chatterjee Group buys Mitsubishi Chemical's PTA business in India")
Gujarat Fluorochemicals sells stake in Chinese JV Ltd
Xuancheng Hengyuan Chemical Technology, established in 2006, manufactures cyclic organic crudes, intermediates, organic dyes and pigments
Innospec to buy Huntsman's European surfactants business for $ 225 mn
The planned transaction with Innospec represents another step in Huntsman's strategic transformation of its performance products business
LyondellBasell to set up high density polyethylene plant in US
The HDPE plant, with a 500,000 MTPA capacity, will be built on the US Gulf Coast and will use LyondellBasell's new Hyperzone PE technology commercially for the first time
 "LyondellBasell to set up high density polyethylene plant in US")
