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5:02 AM, 14th September 2019
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Drone strikes on world's largest oil processing facility in Saudi Arabia

RIYADH, SAUDI ARABIA: Yemen's Houthi rebels launched drone attacks on the world's largest oil processing facility in Saudi Arabia and a major oil field on Saturday, sparking huge fires and halting about half of the supplies from the world's largest exporter of oil. The attacks were the latest of many drone assaults on the kingdom's oil infrastructure in recent weeks, but easily the most damaging. They raise concerns about the global oil supply and likely will further increase tensions across t ...

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11:00 AM, 19th September 2019
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Laurus Labs to acquire the Aspen Pharmacare subsidiary in South Africa

HYDERABAD, INDIA: Laurus Labs has agreed to acquire 100 percent shares of Phekolong Pharmaceuticals Pty Ltd, a wholly owned subsidiary company of Pharmacare Ltd t/a Aspen Pharmacare, South Africa. The transaction is valued at cash consideration of ZAR 75,000 (Seventy-five thousand South African Rands). The acquisition is expected to be completed by end of November 2019. At the conclusion of the transaction, all residual assets and liabilities that are within the target company immediately pri ...

11:08 AM, 18th September 2019
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Stempeutics partners with Cipla for diabetic foot ulcer treatment product

NEW DELHI, INDIA: Biotech firm Stempeutics Research has signed an out-licensing deal with pharma major Cipla for novel stem cell product 'Stempeucel-DFU' for treating non-healing diabetic foot ulcer. The deal consists of upfront payment and various milestones-based payments, Stempeutics Research said in a statement. Under the agreement, Cipla will get exclusive marketing rights for five years in India for the diabetic foot ulcer (DFU) product. Stempeutics will manufacture and supply the produc ...

4:40 AM, 18th September 2019
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India nitrocellulose market to exceed $61 million by 2024: Report

The India nitrocellulose market size is estimated to exceed USD 61 million by 2024, according to the new report by Graphical Research. The report is titled “India Nitrocellulose Market Size By Applications (Automotive Paints, Printing Inks, Leather Finishes, Wood Coatings, Nail Varnish, Military) Industry Analysis Report, Country Outlook, 2018-2014. Large applications base owing to essential nitrocellulose properties strongly augmenting nitrocellulose market size. Nitrocellulose bas ...

11:44 AM, 16th September 2019
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PPG’s Bristol paint win designer interior styling session

MELBOURNE, AUSTRALIA: PPG Industries said that its Bristol paint brand is giving customers the chance to elevate their spring painting and decoration projects with one of five interior styling sessions with Naomi Findlay, Australia’s award-winning rapid-renovation expert, that are up for grabs. With Bristol paint by PPG, getting a designer look for your home or workplace without the lavish expense has never been more achievable. Bristol paint by PPG has all your p ...

10:24 AM, 16th September 2019
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Denka plans ¥ 2.7 bn investment to renovate polystyrene facilities in Singapore

TOKYO, JAPAN: Denka Company Limited has decided to terminate the production of polystyrene (Product name: Denka Styrol) at its consolidated subsidiary Denka Singapore Private Limited (DSPL). Also announced to boost the production capacity of methyl-methacrylate-styrene (MS) resin by renovating the production facility, as part of business portfolio transformation initiatives implemented under the Denka Value-Up management plan. The total amount of investments pertaining to the renovation of the ...

9:19 AM, 16th September 2019
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CSIRO, Piotrek partner to make next-gen lithium batteries

SYDNEY, AUSTRALIA: CSIRO and Japanese specialist chemical manufacturer, Piotrek announced a new partnership. The partnership will see Australian-developed battery technologies commercialised globally within the next five years. The collaboration will enable the next generation of lithium battery technologies for portable electronic devices, drones and automotive vehicles, as well as address a critical safety need with lithium batteries by helping prevent battery fires. The two organisations h ...

5:02 AM, 14th September 2019
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Drone strikes on world's largest oil processing facility in Saudi Arabia

RIYADH, SAUDI ARABIA: Yemen's Houthi rebels launched drone attacks on the world's largest oil processing facility in Saudi Arabia and a major oil field on Saturday, sparking huge fires and halting about half of the supplies from the world's largest exporter of oil. The attacks were the latest of many drone assaults on the kingdom's oil infrastructure in recent weeks, but easily the most damaging. They raise concerns about the global oil supply and likely will further increase tensions across t ...

9:46 AM, 13th September 2019
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Biocon licenses 3 generic drugs to China Medical System Holdings

NEW DELHI, INDIA: Biotechnology major Biocon has signed a license and supply pact with a subsidiary of China Medical System Holdings for three generic formulation products in Greater China. Under the terms of the agreement, Biocon will be responsible for the development, manufacturing and supply of the products and China Medical System Holdings (CMS) will be responsible for registration and commercialisation of the products in China, Biocon said in a statement. The initial term of the agreemen ...

9:39 AM, 13th September 2019
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4 injured in gas tank explosion at HPCL plant in Unnao, India

UNNAO, INDIA: At least four people sustained injuries in a gas tanker explosion at the Unnao plant of the Hindustan Petroleum Corporation Limited (HPCL) in Uttar Pradesh, India. Inspector-General of Police (IGP) SK Bhagat said: "Due to valve leakage in a truck at the plant caused the explosion. In the accident, four employees were injured. Three tankers were burnt. The fire is under control now." Air Force firefighters and the State Disaster Response Force (SDRF) team reached the location to c ...

10:59 AM, 12th September 2019
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ONGC considers buying out rest of petrochemical project

DELHI, INDIA: ONGC plans to buy out the rest of a western Indian petrochemical project it does not already own and launch a public offering if it fails to find a strategic partner for it, its head of finance said on. ONGC Petro additions Ltd (OPaL), majority-owned by ONGC, is primarily a polymer manufacturer, a chemical compound used in everything from textiles to plastics and packaging. "We are looking at various options. Our first preference is to convert OPaL into a subsidiary by converting ...

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