Media

7:33 AM, 18th October 2014
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Kuraray to sell European polyvinyl butyral film business

TOKYO, JAPAN: Kuraray Co Ltd has reached an agreement to sell the European polyvinyl butyral (PVB) film business formerly owned by European subsidiaries of E. I. du Pont de Nemours and Company (DuPont), including the production facility in Uentrop and the R&D centre in Mechelen for enterprise value of circa €12 million with adjustments for net cash/debt balance and net working capital upon closing to GVC SA which is a subsidiary company of GVC holdings, inc. The transaction was undertak ...

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7:44 AM, 9th September 2014
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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
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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
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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
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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
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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 ...

10:45 AM, 1st September 2014
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India, Japan to combat sickle cell anaemia

KYOTO, JAPAN: Indian Prime Minister Narendra Modi discussed cooperation with Japan to combat sickle cell anaemia that is prevalent in India’s tribal regions. The discussion was held between Modi and Shinya Yamanaka, Japan’s stem cell pioneer and 2012 Nobel Prize winner, Kyoto University. “The prime minister expressed concern over the prevalence of sickle cell anaemia, especially among tribal communities across India,” a statement by the Indian government said. Sickling ...

10:09 AM, 1st September 2014
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Samsung Engineering to merge with Samsung Heavy Industries

SEOUL, KOREA: Samsung Engineering Co Ltd, the largest engineering company in Korea has officially announced that it will merge with Samsung Heavy Industries, the world’s market leader in drillship LNG carriers and FPSO. The merger between Samsung Engineering and Samsung Heavy Industries was decided during their board of directors meeting on September 1 to create a “world-class total solution provider for shipbuilding and onshore and offshore services.” The merger ratio will be ...

10:15 AM, 28th August 2014
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Amerigen, Ningbo Menovo to develop generic pharmaceuticals in US

LYNDHURST, US/NINGBO, CHINA: Amerigen Pharmaceuticals Limited and the Ningbo Menovo Pharmaceutical Co Ltd have entered into a collaboration agreement regarding the development of generic pharmaceuticals, primarily targeting the United States market. Under the terms of the agreement, Amerigen and Menovo will jointly develop products for Amerigen to commercialize in the United States. Menovo will be responsible for manufacturing API and finished product whereas Amerigen will be responsible for cli ...

7:37 AM, 28th August 2014
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Reliance schedules planned turnaround at Hazira manufacturing site, India

MUMBAI, INDIA: Reliance Industries Ltd (RIL) has scheduled a planned turnaround at its Hazira manufacturing site, Surat, India. The cracker unit will be shut for a period of about 4 weeks, starting from the last week of September 2014. This opportunity will be utilised to carry out other routine maintenance and turnaround activities to enhance productivity. RIL’s crackers at other locations will continue at normal levels of operations. With advance planning and inventory management, impa ...

11:41 AM, 27th August 2014
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Merck Serono to build pharmaceutical manufacturing facility in China

NANTONG, CHINA: Merck Serono, the biopharmaceutical division of Merck, held the groundbreaking ceremony for its new pharmaceutical manufacturing facility in Nantong, China. The new facility, which will be the Group’s second-largest pharmaceutical manufacturing facility worldwide, will focus on the bulk production and packaging of Glucophage, Concor and Euthyrox, Merck Serono’s leading brands for the treatment of diabetes, cardiovascular diseases and thyroid disorders, respectively. T ...

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