Camlin Fine Sciences Limited has acquired an additional stake of up to 33.5% in Mexican specialty chemicals products manufacturer Dresen Quimica from its joint venture partner Controladora De Servicios Riso for $8.5 million in an all-cash deal. Following the deal, the Mumbai-based chemicals company along with CFS Blends has increased its stake in Dresen Quimica […]
GOCL Corporation Limited has reported a 10% increase in its consolidated income for the second quarter of the financial year 2021–22 (Q2 FY 21-22) at INR 146 crores, compared to INR 132 crores during the same period of the previous year. The chemicals business of the Hinduja Group said that its turnover for the first […]
Shri Dinesh Mills Limited said that its fully-owned subsidiary — Stellent Chemicals lndustries along with Mccean Rohco Holdings LLC, USA have signed a deal to acquire Chem-Verse Consultants (lndia). Stellent Chemicals will hold a stake of 51% in Chem-Verse Consultants (lndia), while the remaining 49% stake will be owned by Mccean Rohco Holdings. Chem-Verse Consultants […]
Vishnu Chemicals Ltd has reported a profit after tax (PAT) of INR 16.6 crores for the second quarter of the fiscal year 2021-2022 (Q2FY21-22), an increase of 123% compared to INR 7.4 crores in the same quarter of the previous fiscal year. The India-based high performance specialty chemicals manufacturer said that its income for the […]
NACL Industries Limited said that it has mutually scrapped a previously signed contract manufacturing agreement (CMA) with chemicals and seeds company UPL Limited for the manufacturing of three intermediate products at its technical plant in Srikakulam. According to the Indian chemical manufacturing company, because of changed business scenarios with respect to commercial feasibility of the […]
SRF Limited, an Indian industrial and specialty intermediates manufacturer, has reported consolidated revenue of INR 2,843 crores in the second quarter of the fiscal year 2022 (Q2FY22), a 35% increase from INR 2,101 crores in the same quarter of the previous fiscal year. The profit after tax (PAT) of the chemical based multi-business entity surged […]
Dow Chemical Company said that it will build a net-zero carbon emissions integrated ethylene cracker and derivatives complex at Fort Saskatchewan, Alberta Canada as part of its efforts to achieve carbon neutrality by 2050. The project will increase the company’s ethylene and polyethylene production capacity at its Fort Saskatchewan location by more than three times. It […]
ALTIVIA, a Texas-based chemical manufacturer, has divested its water treatment chemical business to USALCO, a portfolio company of global alternative assets investment firm H.I.G. Capital. The financial terms of the deal were not disclosed. The water treatment business involved in the deal includes ferric and ferrous sulfate production facilities in Houston. J. Michael Jusbasche — […]
South Korean chemicals company KPX Chemical and US-based polyurethanes and specialty chemical manufacturer Huntsman Corporation have created a joint venture (JV) called KPX Huntsman Polyurethanes Automotive (KHPUA). KHPUA will be engaged in creating and offering polyurethane system solutions to South Korean auto manufacturers from a specialty polyurethanes manufacturing facility at KPX Chemical’s plant in Ulsan, […]
Kraton Corporation, a US-based manufacturer of specialty polymers and bio-based products derived from pine wood pulping co-products, has agreed to be acquired by DL Chemical Co. in an all-cash deal worth around $2.5 billion. DL Chemical is a subsidiary of DL Holdings (formerly Daelim Industrial). It is a Belgium-based petrochemical company. Kevin M. Fogarty — […]