INEOS Styrolution, a German supplier of styrenics, has agreed to sell its entire stake of 61.19% in INEOS Styrolution India, a publicly-listed firm, to Shiva Performance Materials, a part of the Shiva Group. The financial terms of the deal were not disclosed. Based in Vadodara, INEOS Styrolution India produces the resins — absolac and absolan […]
One Rock Capital Partners said that one of its affiliates has wrapped up the previously announced acquisition of Prefere Resins Group, a Germany-based producer of adhesive resins and formulations, from Silverfleet Capital. The deal was announced in April 2022 and its financial terms were not disclosed. Michael T. Koike — Partner at One Rock Capital […]
SRF Limited has revealed plans to establish a new and dedicated INR 250 crores facility for producing advanced intermediates for agrochemicals at Dahej in Gujarat to meet the demands of the customers. The Indian industrial and specialty intermediates manufacturer said that its board of directors has approved the investment. According to SRF Limited, the advanced […]
Arkema, a French specialty chemicals company, has agreed to acquire Polimeros Especiales, an emulsion resins producer in Mexico, for an undisclosed price. Polimeros Especiales is engaged in producing high performance waterborne resins for a variety of applications in markets like textiles, decorative and architectural paints, construction, and pressure sensitive adhesives. In 2021, the Mexican emulsion […]
Gujarat Alkalies and Chemicals Limited (GACL) and NTPC Renewable Energy Limited (NTPC-REL), a fully-owned subsidiary of NTPC Limited, have inked a memorandum of understanding (MoU) to partner in the field of renewable energy and green chemicals. Owned by the Gujarat government, Gujarat Alkalies and Chemicals Limited is a chemical and alkalis manufacturer. The MoU calls […]
GOCL Corporation Limited has posted a 9% jump in its consolidated income for the fourth quarter of the financial year 2021–22 (Q4 FY22) at INR 163 crores, compared to INR 150 crores during the same period of the previous year. Its consolidated income for the full year 2021-22 was INR 623 crores, an increase of […]
Karratha urea project : Clough, an Australian engineering and construction company, and Italy-based Saipem in consortium have bagged a contract worth around $2.7bn from Perdaman Industries for developing a urea plant in Western Australia. The urea plant will be built on the Burrup Peninsula, northwest of Karratha, on the Western Australian coastline with an investment […]
PETRONAS Chemicals Group (PCG), a Malaysian chemicals producer, has agreed to acquire Perstorp, a specialty chemicals company, from Financière Forêt, a company under PAI Partners, for a price of €2.3 billion. Based in Sweden and established over 140 years ago, Perstorp is a niche specialty chemicals producer. The company focuses on the resins and coatings, […]
Ideal Chemi Plast, an Indian chemical manufacturing company, has broken ground on a new coating resins production facility in Ahmednagar district, Maharashtra. The company, which is a fully-owned subsidiary of Japan-based DIC Corporation, is expected to begin operations at the coating resins plant in July 2023. The 48,500m2 facility is being constructed in the Supa […]
Ami Organics Limited (AMI), an Indian specialty chemicals manufacturer, has appointed Bhavin N. Shah as its new chief financial officer. Bhavin N. Shah will take charge in the role from next month in the place of Abhishek Patel who will move on to take over his family business following a four-year tenure at AMI Organics. […]