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11:19 AM, 8th November 2017
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AkzoNobel to sell speciality chemicals biz in India for Rs 320 cr

GURUGRAM, INDIA: AkzoNobel India Limited said that it will sell its speciality chemicals business, as a going concern to an affiliate of the AkzoNobel Group. The total consideration to be received from this sale will be Rs 3,200 million, for an economic effective date of 1 January 2018. The business includes the Mahad manufacturing facility for polymer chemistry range of products (which was merged with the company in 2012 at an implied enterprise value of Rs 960 million). The transaction is l ...

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10:06 AM, 24th October 2017
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BASF opens biocatalyzed acrylamide production plant in China

LUDWIGSHAFEN, GERMANY/NANJING, CHINA: BASF SE has opened a new state-of-the-art production plant for biocatalyzed acrylamide at its site in Nanjing Chemical Industrial Park, China. With this investment in its wholly-owned BioACM plant in Nanjing, BASF is strengthening its production set-up for reliable and high-quality supply of polyacrylamide to customers in Asia Pacific, especially in China. The plant has a capacity of more than 50,000 tonnes of biocatalyzed acrylamide per year. Acrylamide i ...

5:23 AM, 24th October 2017
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Sika expands in Pakistan with new concrete admixtures facility

BAAR, SWITZERLAND: Sika AG has expanded its manufacturing capacity in Pakistan and is responding to the country's construction boom by commissioning a new factory for mortar products and concrete admixtures. Demand in the infrastructure and residential construction segments, in particular, is enormous. With its rapidly growing population of over 200 million, Pakistan is one of the world’s most populous countries. The new factory for concrete admixtures and mortars is located in Pakistan& ...

6:30 AM, 23rd October 2017
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Nippon Shokubai breaks ground for new API synthesis facility

TOKYO, JAPAN: Nippon Shokubai Co Ltd held a ground-breaking ceremony on, for the construction of a facility of active pharmaceutical ingredient (API) synthesis. The construction will be completed in December 2018. Purpose of investment In the current long-term business plan “Reborn Nippon Shokubai 2020” started in 2014 and the 2nd medium-term Business Plan “Reborn Nippon Shokubai 2020 NEXT” started in 2017, Nippon Shokubai has a plan to open up a health and medical busi ...

6:08 AM, 16th October 2017
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Coke, Pepsi to change recipe of best-selling drinks

NEW DELHI, INDIA: Beverage giants PepsiCo and Coca-Cola have embarked on a big gamble in India by changing the recipes of their best-selling drinks to include stevia, a plant-based natural sweetener. Atlanta-headquartered Coca-Cola may also launch a variant of the country's largest-selling mango drink Maaza with 30 - 50 percent less sugar, said sources. Pointing to public concern over high sugar content in fizzy drinks, PepsiCo, too, is test-marketing a reformulate ...

11:28 AM, 13th October 2017
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How technology is empowering sales in chemical industries

As the world is progressing with an utmost pace, plenty of opportunities get discovered every day in chemical fraternity. Such an immense number of opportunities & wide growth has never been witnessed earlier into the chemical niche. Every corner that deals with chemical have an ocean of opportunities to mint money. Well, the greater are the opportunities; more are the number of hurdles to confront. In order to make the work feasible & evade the bottlenecks into work, it is pretty neces ...

11:22 AM, 13th October 2017
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Bostik opens new adhesives plant in Gujarat, India

PARIS, FRANCE: Bostik has opened a new adhesives facility in Gujarat, India. Together with its existing plant in Bangalore, the new plant will serve the fast-growing demand in India for adhesives in industrial markets.  The new facility will produce advanced hot melt pressure sensitive adhesives (HMPSA) for a number of industrial sectors such as flexible lamination, transportation and footwear production. It will support the strong growing demand for its products in bot ...

7:13 AM, 11th October 2017
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Songwon commissions second thermoplastic urethanes production line

ULSAN, SOUTH KOREA: Songwon Industrial Co Ltd has commissioned a second thermoplastic urethane (TPU) production line at its plant in Suwon, South Korea. The line to become operational in the fourth quarter of 2017. The company’s plant in Suwon will be extended to increase TPU production capacity from 7,000 to 12,000 metric tonnes a year. The TPU sector continues to be a prime focus for Songwon and work on further products and technologies is ongoing. The company plans to expand its ...

6:12 AM, 11th October 2017
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Indorama acquires DuPont Teijin’s film business

BANGKOK, THAILAND: Indorama Netherlands BV (INBV), a subsidiary of Indorama Ventures Public Company Limited (IVL) has signed a definitive share purchase agreement with DuPont Teijin to acquire a 100 percent stake in their films business. The transaction is expected to be completed within the fourth quarter of 2017/ early 2018. The business comprises of eight production assets in US, Europe and China, with a global innovation centre in the UK with a total film/polymer capacity of 277,000 tonnes ...

11:01 AM, 7th October 2017
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Sibur, Saudi Aramco sign MoU on cooperation in Russia-Saudi Arabia

MOSCOW, RUSSIA: Sibur, Russian Direct Investment Fund (RDIF) and Saudi Aramco have signed a memorandum of understanding (MoU) on possible cooperation and investment activities in Russia and Saudi Arabia.  According to the memo, the companies will estimate the potential of the petrochemical markets in Russia and Saudi Arabia and explore opportunities for future cooperation. “Partnership with one of the largest petrochemical companies in Saudi Arabia will enable Sibur to build up comp ...

5:49 AM, 7th October 2017
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Reliance sells US shale gas asset for $126 million

MUMBAI, INDIA: Reliance Marcellus II LLC, a subsidiary of Reliance Holding USA Inc. (Reliance), and Reliance Industries Limited (RIL), has signed agreements to sell all of its interest in certain upstream assets in north-eastern and central Pennsylvania. The assets, which are currently operated by Carrizo Oil & Gas Inc were sold to BKV Chelsea LLC an affiliate of Kalnin Ventures LLC, for consideration of $126 million. In addition, Reliance could receive contingent payments of up to $11.25 ...

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