Page 3 - Chemicals

India Pesticides files paperwork to raise Rs 800 crore from IPO

Agrochemical technicals company India Pesticides has filed preliminary papers with capital markets watchdog Sebi to raise Rs 800 crore through an initial share sale. The public offer comprises fresh issuance of shares amounting to Rs 100 crore and an offer of sale of Rs 700 crore bypromoter and technocrat, Anand Swarup Agarwal and other shareholders, according to draft red herring prospectus. The Uttar Pradesh-based company may decide to undertake a pre-IPO placement of Rs 75 crore subject to consultation of the merchant bankers. Proceeds of the fresh issue would be used towards funding the working capital requirements and general corporate purposes. Further, the company expects to receive the benefits of listing of the equity shares, including to enhance the visibility and brand image among the existing and potential customers. India Pesticides is an R&D focused agrochemical technical company, whichhas growing formulations business in herbicides, insecticides and fungicide ...

Commerce ministry for imposing anti-dumping duty on Chinese chemical

The commerce ministry has recommended imposition of anti-dumping duty for five years on a Chinese chemical used in dye and pharma industries

Dow Inc quarterly results beat estimates on higher demand, prices

Dow Inc reported quarterly results on Thursday that beat analysts' estimates and forecast better-than-expected sales for the first quarter as demand and prices for its chemicals recover

Competition Commission rejects ILMA complaint against 19 chemical importers

CCI disposed of a complaint filed by the Indian Laminate Manufacturer's Association (ILMA) alleging formation of a cartel among 19 importers of phenol, a major raw material for making sunmica

Expansion, demand triggers to help SRF maintain growth trajectory

Specialty chemicals and packaging businesses to aid near term growth

Vikas Multicorp enters food protection and personal hygiene segment

Specialty chemicals firm Vikas Multicorp said it will enter the food protection and personal hygiene segment of the FMCG industry with an investment of approximately Rs 100 crore in two years

Balaji Amnies, Alkyl Amines: Specialty chemical stocks have more steam left

Major specialty chemical stocks exhibit strong strength on good volumes. Here are the key levels for frontline stocks from this sector.

Chemical shares in focus; Aarti Industries, Vinati Organics surge over 9%

Analysts at Dolat Capital have kept their FY20E estimates for the sector largely unchanged as they estimate limited impact of Covid-19 on the sector

Graphene is proving to be a wonder material: Dr Mosongo Moukwa

Rapid rise in number of graphene patent applications reflects global fascination with this material

Umicore opens facility for electronic chemicals in Germany

TMGa (trimethylgallium) & TEGa (triethylgallium) are used in semiconductor and LED markets

Kaneka Corp buys US formulated advanced resin supplier Applied Poleramic

With this, Kaneka makes a full-scale entry into aerospace market

WR Grace inks pact with Valliscor for fluorinated intermediates

These products are used in industries such as pharmaceuticals, electronics, and specialty chemicals

Clariant builds R&D unit to tackle agricultural challenges

Unit will boost future innovation in foliar fertilisers, plant growth regulators and bio-herbicides

PI Industries to form JV with Japan's Kumiai Chemical for agrochemicals

While the JV will initially focus on bispyribac sodium, it may add more products in future

BASF's Dahej site certified for production of sustainable oil palm products

Dahej now among 20 BASF sites worldwide certified according to the RSPO supply chain standard

Chemistry: An enabler to solve challenges of urbanisation

Progressive policies & innovation will lead to sustainable urbanisation, says Dr Raman Ramachandran

ExxonMobil & Synthetic Genomics achieve breakthrough in biofuel research

Algae strain developed and modified by Synthetic Genomics more than doubled oil production

Solvay & GKN Aerospace to develop thermoplastic composites for aircraft

As per the deal, Solvay will become a preferred supplier of these lightweight materials to Fokker

South Korean chemicals firm Songwon opens pilot plant in Gujarat

The new plant will produce a wide range of chemicals for a broad spectrum of applications

Celanese & Blackstone to form $1.3 bn JV in acetate tow

Proposed JV to combine Celanese's cellulose derivatives and Blackstone's Rhodia Acetow businesses