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11:20 AM, 29th November 2019
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Clariant, PAT sign strategic partnership to revolutionize cosmetics industry

MUTTENZ, SWITZERLAND: Clariant and Plant Advanced Technologies (PAT) has established a strategic partnership. It includes the subscription of approx. 10% equity shares of PAT by Clariant, joint development agreement and exclusive distribution ship. Renowned for its highly sustainable and cutting-edge technologies, PAT develops unique and powerful plant-based active ingredients for cosmetics. The partnership brings PAT’s research strengths in discovering and producing precious compounds fr ...

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10:18 AM, 2nd December 2019
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Cadila approves merger of four subsidiaries to consolidate pharma business

GANDHINAGAR, INDIA: The board of directors at Cadila Healthcare has approved the amalgamation of Zydus Technologies Ltd (ZTL), Alidac Pharmaceuticals Ltd (APL), Liva Pharmaceuticals Ltd (LPL) and Dialforhealth India Ltd (DHIL) with Cadila Healthcare Ltd (CHL). "The amalgamation is being done for consolidation of pharmaceutical business and merger simplification of corporate structure to avoid duplication of effort and to reduce the overheads and costs of managing separate entities," the parent ...

9:55 AM, 2nd December 2019
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Idemitsu starts operations of lubricant sales company in Pakistan

TOKYO, JAPAN: Idemitsu Lube Pakistan Pvt Ltd, a lubricant sales company of Idemitsu Kosan Co Ltd, started business activities. Idemitsu Lube Pakistan is our local corporation in Pakistan and was established to provide lubricants to Japanese automotive and related manufacturers in Pakistan as well as promote the sales of Idemitsu brand oils. The establishment and business commencement of the new company further enriches our worldwide network that now consists of a total of 40 overseas lubricant ...

11:20 AM, 29th November 2019
0

Clariant, PAT sign strategic partnership to revolutionize cosmetics industry

MUTTENZ, SWITZERLAND: Clariant and Plant Advanced Technologies (PAT) has established a strategic partnership. It includes the subscription of approx. 10% equity shares of PAT by Clariant, joint development agreement and exclusive distribution ship. Renowned for its highly sustainable and cutting-edge technologies, PAT develops unique and powerful plant-based active ingredients for cosmetics. The partnership brings PAT’s research strengths in discovering and producing precious compounds fr ...

11:19 AM, 26th November 2019
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Mitsubishi to acquire thermoplastic polyurethane elastomer biz of ASB

TOKYO, JAPAN: Mitsubishi Chemical Corporation (MCC) said that it will acquire the thermoplastic polyurethane elastomer (TPU) business of US-based AdvanSource Biomaterials Corporation (ASB). Through Mitsubishi Chemical Performance Polymers, Inc, a MCC subsidiary engaged in the performance polymers business in the US, MCC plans to complete the acquisition in January 2020. ASB has a premium TPU business in the US and its products are used mainly for medical devices such as cardiovascular catheter ...

6:36 AM, 25th November 2019
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Indian govt approves mega privatisation plan; To sell stake in BPCL

NEW DELHI, INDIA: In the biggest privatisation drive ever, the Indian Union Cabinet has approved the sale of government's stake in blue-chip oil firm BPCL, shipping firm Shipping Corporation of India (SCI) and onland cargo mover Container Corporation of India Ltd (Concor). Also, the Govt has decided to cut shareholding in select public sector firms below 51 percent to boost revenue collections that have been hit by slowing economy. The Cabinet Committee on Economic Affairs (CCEA) approved sale ...

11:50 AM, 22nd November 2019
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Total adds six new solar projects in Southeast Asia

PARIS, FRANCE/SINGAPORE: Total, through its affiliate Total Solar Distributed Generation, has added six new solar projects in Southeast Asia since October 2019. The projects had a total capacity of around 10 megawatts-peak (MWp) to its renewables portfolio. These distributed generation projects are located in Thailand, the Philippines, Indonesia and Singapore. Thailand: Beginning of the construction of a 7 MWp single-rooftop project — the largest solar rooftop in the country Total S ...

11:50 AM, 12th November 2019
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Indian chemical industry can nearly double to over $300 bn by FY25, minister says

NEW DELHI, INDIA: Indian Union minister for chemicals and fertilisers Sadananda Gowda said that the chemical sector has the potential to contribute over $300 billion to Gross domestic products (GDP) over the next five years when the economy is slated to scale the $5 -trillion-mount. The chemicals and fertilisers sector, which currently contributes nearly 7.76 percent of manufacturing now, has the potential to reach 20-25 percent in the next five years and can nearly double to $304 billion, he s ...

10:28 AM, 12th November 2019
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Indian device for cancer fight gets USFDA’s ‘breakthrough’ tag

BENGALURU, INDIA: The US Food and Drug Administration (FDA)’s Centre for Devices and Radiological Health has designated a medical invention by a Bengaluru-based scientist as a “breakthrough device” in the treatment of liver, pancreatic and breast cancers. Cytotron, developed by Rajah Vijay Kumar, aids in tissue engineering of cancer cells, altering how specific proteins are regulated to stop these cells from multiplying and spreading. “We are pleased to inform you that ...

11:52 AM, 11th November 2019
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Perstorp breaks ground on pentaerythritol facility in India

GANDHINAGAR, INDIA: Perstorp has unveiled plans to invest in the construction of a new Pentaerythritol (Penta) production facility in Gujarat, India. Representatives from the Perstorp Executive Leadership Team, were joined by government officials, employees and selected guests at a groundbreaking ceremony for the new plant. The world scale, green-field Gujarat plant will produce Penta, including the renewable grades of Voxtar™, providing up to a 60% reduced carbon footprint. Construction ...

11:30 AM, 8th November 2019
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Veolia to supply key process technologies at major chemical plant in Saudi Arabia

BEIJING, CHINA: China Chengda Engineering Co Ltd (Chengda) awarded Veolia a contract to supply evaporation technologies for Khair Inorganic Chemical Industries Co. in Ras Al Khair, an emerging industrial city located in the Eastern Province of the Kingdom of Saudi Arabia. Chengda, a leading Chinese engineering and design firm based in Sichuan province, was engaged by Khair’s Inorganic Chemical Industries Company, also known as InoChem, to help develop a major facility designed to process ...

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