Jubilant Ingrevia, an Indian chemicals company, has bagged a contract development and manufacturing company (CDMO) contract with an estimated value of INR 270 crores for its specialty chemicals business. The contract is spread over a period of three years with an international customer, who is said to be among the top 10 innovator pharma companies […]
Cabot Corporation, an American specialty chemicals and performance materials company, has started construction on a new specialty compounds facility in Cilegon, Indonesia. Co-located with the company’s existing carbon black manufacturing site, the new facility will increase its annual global capacity for specialty compounds by 20,000 metric tons. Dixy Olyviardy — managing director of Cabot Asia […]
Westlake Chemical Corporation, an American manufacturer and supplier of petrochemicals, polymers, and fabricated building products, has wrapped up the previously announced $1.2 billion acquisition of the global epoxy business of Ohio-based chemical company Hexion. The all-cash deal was announced in November 2021. The epoxy business, which is based in Rotterdam, The Netherlands, has been engaged […]
Neogen Chemicals Limited has posted profit after tax (PAT) of INR 10.5 crores for the third quarter of the fiscal year 2022 (Q3 FY22), an increase of 23% compared to INR 8.5 crores in Q3 FY21. The Indian bromine-based and lithium-based specialty chemicals manufacturer said that its PAT growth was muted because of higher finance […]
NACL Industries Limited has reported profit after tax (PAT) of INR 15.47 crores for the third quarter of the fiscal year 2022 (Q3 FY22), a 70% increase compared to INR 9.1 crores in the corresponding quarter of the previous fiscal year. The Indian agrochemical company posted INR 404.8 crores in total income for the reported […]
Ascend Performance Materials said that it has inked an investment agreement to build a new hexamethylene diamine (HMD) and specialty chemicals plant in Lianyungang, Jiangsu province, China. The new plant to be located in the Xuwei New Area Park will be the first chemical production facility for the American high-performance materials producer. Besides, it is […]
South Korea-based DL E&C Co. has bagged a contract worth around €1.17 billion to take part in the Russian Baltic Complex Project located at Ust-Luga in northwestern Russia. The project will involve the construction of a mega-scale gas chemical plant, which is aimed at having an annual production of three million tons of polyethylene, 120,000 […]
Engineers India Limited (EIL) has signed a memorandum of agreement (MoA) with the Institute of Chemical Technology (ICT) for jointly developing technology for the large scale cultivation of algae as well as the extraction of value added products. Under the agreement, the parties will work together on algal technology and extraction of value added products […]
Anupam Rasayan said that it has bagged a contract worth INR 135 crores from a Japanese multinational customer for the supply of an existing life science related speciality chemical. The Indian custom synthesis and speciality chemical player has signed a long-term binding contract in this regard. Previously, Anupam Rasayan had signed a letter of intent […]
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL) said that its fully-owned subsidiary — Smartchem Technologies Limited (STL) has broken ground on its INR 2,200 crores technical ammonium nitrate plant in Gopalpur, Odisha. The technical ammonium nitrate complex will be built in Tata Steel Industrial Park. Its foundation was laid by Odisha Chief Minister Naveen Patnaik. […]