11:33 AM, 30th October 2014

BASF, TODA KOGYO form cathode active materials JV in Japan

TOKYO, JAPAN/LUDWIGSHAFEN, GERMANY: BASF, the world’s leading chemical company, and TODA KOGYO CORP, an industry leader in the development and manufacture of cathode materials for lithium-ion batteries, have agreed to form a joint venture for cathode active materials (CAM) in Japan. Under terms of the agreement, BASF will acquire a 66 per cent ownership stake in the new venture, with TODA KOGYO CORP holding a 34 per cent ownership stake. BASF and TODA KOGYO CORP will combine their respect ...



11:54 AM, 16th September 2014

Lupin to manufacture Merck Serono’s drugs worth $1.5 billion

MUMBAI, INDIA: Pharmaceutical major Lupin is in advanced talks to sign a deal with Merck Serono. As part of the deal, Lupin will manufacture Merck Serono’s $1.5 billion worth branded mature drugs at its facilities. The company will also get marketing rights for the drugs for emerging countries and European markets. Merck Serono will retain the rights to market these drugs in the developed markets. “The branded drugs segment with sales close to $1.5 billion will have an EBITDA close ...

7:23 AM, 15th September 2014

Sabic signs research agreement with Chinese Academy of Sciences

BEIJING, CHINA: To propel the progress of science and technology in China, Sabic and the Chinese Academy of Sciences (CAS), a public research and education institution in China, signed a landmark strategic collaboration agreement to further research, intellectual exchange and talent development. The five-year agreement with a multi-million US dollar investment by Sabic, will cover joint research in the chemical and chemical engineering fields to develop advanced technologies and solutions, allow ...

11:40 AM, 11th September 2014

Lanxess to increase iron oxide pigments capacity in China

COLOGNE, GERMANY/SHANGHAI, CHINA: Specialty chemicals group Lanxess is strengthening its production network in China to meet the high level of demand for iron oxide pigments and is adding a mixing and milling plant to the pigment plant already under construction in Ningbo. Lanxess is creating a total of roughly 200 new jobs with these two plants. Potential customers for the iron oxide pigments are the coatings, plastics, construction and paper industries. This brings the total investment at the ...

7:41 AM, 11th September 2014

Ube to open polycarbonate diol facility in Thailand

TOKYO, JAPAN: UBE Fine Chemicals (Asia) Co Ltd, Thai subsidiary of Ube Industries Ltd, will open a production facility for polycarbonate diol (PCD) to meet rising global demand. The new facility is designed to manufacture 3,000 tonne of PCD annually and is scheduled to start production in October 2015. The completion of the new production facility in Thailand will bring the UBE Group’s annual production capacity up to 11,000 tonne, including 2,000 tonne in Japan, 6,000 tonne in Spain, and ...

9:58 AM, 10th September 2014

Aditya Birla to acquire chlor-alkali division of Jayshree Chemicals for $35 million

MUMBAI, INDIA: The Board of Directors of Aditya Birla Chemicals (India) Limited (ABCIL), a company of the Aditya Birla Group, approved the acquisition of the chlor-alkali division of Jayshree Chemicals Limited for a cash consideration of Rs. 212 crore ($35 million). This transaction takes ABCIL to a higher growth trajectory. “The acquisition is strategic and further strengthens our position in the chlor-alkali business. It will take our chlor-alkali business on a higher growth trajectory. ...

7:44 AM, 9th September 2014

Bayer to increase thermoplastic polyurethane capacity in Cuddalore, India

MUMBAI, INDIA: Bayer MaterialScience is planning to increase its production capacities in Cuddalore, Tamil Nadu India to meet the continued growth in demand for thermoplastic polyurethane (TPU). With the addition of a second TPU production line, the annual capacity of Cuddalore site will increase to 6,000 metric tons from its current capacity of 2,500 metric tons.The installation is expected to be completed by the 2nd quarter 2015. “As the only local TPU producer, BMS has been committed t ...

6:22 AM, 8th September 2014

BASF starts up hexamethylene di-isocyanate facility in Caojing, China

CAOJING, CHINA: BASF is further strengthening its production footprint in Asia Pacific with the start-up of a second production line for hexamethylene di-isocyanate (HDI) based polyisocyanates in Caojing, China. BASF has been operating an aliphatic isocyanates plant at the same site since 2006. This wholly-owned BASF production plant will benefit from close proximity to raw material and largest market for aliphatic isocyanates in Asia. Its advanced production line will ensure safe and efficient ...

6:16 AM, 8th September 2014

Deepak Fertilisers forms JV in Australia to provide mining services

NEW DELHI, INDIA: Deepak Fertilisers and Petrochemicals has set up a joint venture firm in Australia with local partners to provide mining services and will invest about Rs 160 crore ($26.576 million) over the next two years. Deepak Fertilisers arm Smartchem Technologies Ltd (STL), which manufactures mining chemicals, announced the launch of its overseas venture for mining services in Brisbane, Australia as a part of its forward integration initiative. “STL has set up Platinum B ...

12:07 PM, 4th September 2014

Evonik to expand specialty silica capacities in Ako, Japan

ESSEN, GERMANY/AKO, JAPAN: Evonik Industries has announced an expansion of its specialty silica capacities in Ako, Japan through a holding in DSL Japan Co Ltd. Evonik holds 51 per cent of shares in DSL, a joint venture with the Japanese Shionogi & Co Ltd. The expansion, with an investment volume in the single-digit million euro range, is scheduled to become operational in 2015. The specialty silicas of the Evonik SIPERNAT brand improve the properties of products such as batteries, silicones, ...

11:23 AM, 4th September 2014

Technip bags industrial gas complex contract for Kochi Refinery in Kerala, India

KOCHI, INDIA: Technip was awarded a contract by Air Products to provide project management, as well as engineering, procurement and construction management (EPCM) services for a new industrial gas complex for Bharat Petroleum Corporation Limited – Kochi Refinery (BPCL-KR) located in the state of Kerala, India. Being built on a “Build-Own-Operate” basis (BOO), the industrial gas complex of Air Products is designed to cater to the requirement of industrial gases (hydrogen, nitro ...

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