In a strategic move to enhance its chemical distribution network and environmental services, Univar Solutions LLC, a global leader in the distribution of specialty ingredients and chemicals, has announced the acquisition of Valley Solvents & Chemicals Company, a distinguished distributor in the Texas and Gulf Coast region. This acquisition marks a significant step for Univar […]
In a significant move towards diversifying its chemicals business, DCM Shriram Ltd has announced its foray into the advanced materials sector, with a particular focus on epoxy and value-added products. The Board of Directors, during their recent meeting, has given in-principle approval for this strategic entry, earmarking an investment of INR 1000 crores to establish […]
In a significant move to bolster its position in the global mining chemicals market, Orica has entered into a binding agreement to acquire 100 percent of the common stock of Cyanco Intermediate 4 Corp. (Cyanco) for a hefty sum of US$640 million. This transaction, conducted on a cash-free, debt-free enterprise value basis, marks a pivotal […]
PennWhite Limited, a UK-based leader in the manufacturing of antifoam chemistry and speciality chemicals, has officially announced its expansion into the Indian market. Effective February 8, 2024, the company will establish a direct presence in India through its new subsidiary, PennWhite India Private Ltd, aiming to meet the growing demand for premium foam control solutions […]
In a strategic move that underscores the dynamic evolution of the global speciality chemicals and ingredients sector, IMCD N.V., a prominent distribution partner and formulator, has announced its agreement to acquire ResChem Technologies Pty Ltd and ResChem Trust. This acquisition not only extends IMCD’s footprint but also enhances its technical prowess within Australia and New […]
Tata Chemicals Limited, a vital part of the expansive US$ 150 billion Tata Group, today announced its financial outcomes for the quarter and nine months ending December 31, 2023. The company faced significant challenges during this period, reflected in the consolidated and standalone financial metrics that indicate pressure on volumes and prices, especially in the […]
In its latest financial disclosure, GHCL Limited, a leading name in India’s chemical sector, revealed a marked decrease in its financial performance for the third quarter of the fiscal year 2024 (Q3FY24). The standalone results show a substantial 61% drop in Net Profit After Tax (PAT) and a 27% reduction in revenue. Managing Director R […]
In a significant development for the Indian chemical industry, Aarti Industries Limited (AIL) has announced the signing of a long-term agreement with a leading multinational conglomerate. The contract, spanning four years, is expected to generate revenue exceeding Rs. 6000 crores for Aarti Industries, marking a major milestone in its growth trajectory. Aarti Industries’ Established Relationship […]
Birla Cellulose, a global leader in sustainable man-made cellulosic fibers (MMCF), has achieved a significant milestone with its Kharach plant in Gujarat successfully commissioning a Carbon-disulphide (CS2) Adsorption Plant. This state-of-the-art facility has attained the prestigious EU Best Available Techniques (BAT) status, marking a significant achievement in sustainable manufacturing practices. Innovative Closed-Loop Technologies for Environmental […]
Ami Organics Limited, a global manufacturer of advanced pharmaceutical intermediates and specialty chemicals, today revealed a significant step in its business expansion. The company has signed a non-binding Memorandum of Understanding (MOU) with a renowned global manufacturer of electrolytes for battery cells and allied materials in Gujarat, India. Strategic Investment at Vibrant Gujarat Summit 2024 […]