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9:57 AM, 13th April 2018
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Reliance Industries to buy 73 percent stake in Embibe

NEW DELHI, INDIA: Reliance Industries Ltd (RIL) said it has entered into agreements to acquire close to 73 percent stake in education technology provider Indiavidual Learning Private Ltd (Embibe) and will invest $180 million into the company over the next three years. "Reliance Industries has entered into agreements, to acquire 34,33,767 equity shares of Indiavidual Learning Private Ltd for cash consideration, translating to 72.69 percent shareholding of Embibe on a fully diluted basis," the co ...

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5:12 AM, 16th February 2018
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Perstorp cuts 15 jobs to meet customer expectations

PERSTORP, SWEDEN: Perstorp Specialty Chemicals AB said that it has initiated negotiations with the unions about an organizational change, in order to meet customer expectations and increased competition from the outside world. As a result, 15 employees at Perstorp Specialty Chemicals will be given notice of redundancy. © Worldofchemicals News...

5:12 AM, 16th February 2018
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DSM to increase prices for high performance plastics

SINGAPORE: Royal DSM NV it will increase prices globally for several polyamides and thermoplastic polyester products, effective 1 April. The price increase is significant due to continuing cost increases of main raw materials throughout 2017 and early 2018. The price increases are as follows: Akulon polyamide (nylon) 6 and 66 products will increase by the equivalent of €175 per metric ton Arnite polybutylene terephthalate (PBT) products will increase by the equivalent of €175 ...

9:03 AM, 15th February 2018
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Bayer, Mitsui Chemicals ink license agreement for novel fungicide

MONHEIM, GERMANY/TOKYO, JAPAN: Bayer AG and Mitsui Chemicals Agro Inc (MCAG) has signed a license agreement for the development and marketing of quinofumelin, a new fungicide invented by MCAG.  Under the terms of this agreement, MCAG has granted Bayer a worldwide exclusive right to develop and commercialize quinofumelin-based products for crop use, except in other selected countries and regions including Japan where MCAG holds exclusive or shares co-exclusive rights with Bayer. Featuring ...

7:50 AM, 15th February 2018
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AkzoNobel opens Rs 650 mn powder coatings facility in India

MUMBAI, INDIA: AkzoNobel India said that it has inaugurated it’s rupees 650 million powder coatings facility in Mumbai. Located in Thane, this is AkzoNobel’s sixth facility in India, reinforcing its commitment to the Indian market. The new facility will complement AkzoNobel’s existing plant in Bangalore, adding new product lines in bonded metallic powder and pipe and re-bar coatings. AkzoNobel is the largest global manufacturer of powder coatings and a world leader in powder ...

7:15 AM, 15th February 2018
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Kuraray to increase prices for elastomer products

TOKYO, JAPAN: Kuraray Co Ltd said that its elastomers business unit will increase the transaction prices of following elastomer products in all regions effective 1 March – ALL SEPTON, HYBRAR and TU-Polymer: $0.25 per kilogram ($0.11 per pound) Increasing feedstock prices from late fall 2017 have increased the costs to produce these speciality high-performance materials. It is necessary to recover a portion of these increases to ensure ongoing supply and new product innovati ...

5:06 AM, 15th February 2018
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ThyssenKrupp bags UAIL alumina refinery expansion contract

MUMBAI, INDIA: ThyssenKrupp Industrial Solutions (India) has been awarded a contract by Utkal Alumina International Limited (UAIL), to provide engineering, procurement, construction management (EPCM) services for a proposed integrated alumina refinery expansion project at Rayagada in Odisha, India. UAIL is a fully owned company of Hindalco, which forms part of the Aditya Birla Group. Hindalco has extensive global operations in aluminium and copper. The refinery is located near the UAIL’s ...

10:58 AM, 14th February 2018
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BASF increases prices for resins, additives in Asia pacific

HONG KONG, CHINA: BASF SE said that it will increase prices for its resins and additives portfolios in Asia Pacific by up to 15 percent, with immediate effect. This includes but is not limited to Basonat, Luwipal, Joncryl, Efka, Foamaster in Asia Pacific, depending on the product type. Price adjustments are necessary due to higher raw material prices, transportation and packaging costs. © Worldofchemicals News...

9:42 AM, 13th February 2018
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PlastIndia 2018: Experts push for capacity increase

AHMEDABAD, INDIA: PlastIndia 2018, a colossal international exhibition, conference and convention on plastics organized by PlastIndia Foundation was inaugurated by Gujarat chief minister Vijay Rupani. The six-day conference, held on 7 to 12 February, in Ahmedabad, India, created a common platform for end users, manufacturers and global plastic industry thought leaders from across the nation. The chief guests were Dr J N Singh, chief secretary, Gujarat; Avinash Joshi, MD, OPal; Parindu K Bhagat ...

6:34 AM, 13th February 2018
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Sundaram Polymers present new carbon fibre products in India

AHMEDABAD, INDIA: Sundaram Polymers, a division of Brakes India Pvt Ltd said that is showcased new products - compounded grades based on carbon fibre and complex coloured products at the PlastIndia 2018. These products are customized to meet customer specifications and cater to various market segments like automotive, appliances, electrical & electronics, telecommunications and other engineering sectors. Key benefits of these products include high mechanical strength, exceptional toughness, ...

11:30 AM, 12th February 2018
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Rajasthan sits over 11.48 cr tonnes of gold deposits: Experts

JAIPUR, INDIA: Nearly 11.48 crore tonnes of gold deposits have been confirmed by scientists and geologists in Rajasthan, with experts claiming that the deposits are mostly located in the cities of Banswara and Udaipur. Speaking to the media, N Kutumba Rao, director general of the Geological Survey of India (GSI), said the deposits were expected to be present at a depth of 300 feet under the earth’s surface. Rao said the work for exploration of copper and gold was going on after traces of ...

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