Dow’s Texas plant disaster forces $500m revenue slash; Market confidence plummets

Dow’s Texas plant disaster forces $500m revenue slash; Market confidence plummets

Dow Inc. has stunned investors by slashing its third-quarter 2024 revenue forecast by a staggering $500 million due to an unplanned incident at its Texas ethylene plant. The chemicals giant now expects to pull in $10.6 billion, down from an earlier estimate of $11.1 billion. This drastic revision comes amid a confluence of woes, including […]

Vishnu Chemicals Limited acquires Jayansree Pharma for Rs 52cr

Vishnu Chemicals Limited acquires Jayansree Pharma for Rs 52cr

Vishnu Chemicals Limited (BSE: 516072, NSE: VISHNU), a leading manufacturer of high-performance specialty chemicals, has announced its acquisition of Jayansree Pharma Private Limited (JPPL) for an enterprise value of INR 51.99 crore. This acquisition, finalized through a Share Purchase Agreement on August 19, 2024, represents a significant strategic expansion for Vishnu Chemicals, reinforcing its market […]

Kirloskar Pneumatic to acquire majority stake in Systems & Components India

Kirloskar Pneumatic to acquire majority stake in Systems & Components India

Kirloskar Pneumatic Company Ltd. (BSE: 505283, NSE: KIRLPNU), a prominent entity in the air, refrigeration, and gas compressor sectors, has signed a memorandum of understanding (MoU) to acquire a majority stake (above 51%) in Systems & Components India Private Ltd. (S&C). This move marks a significant strategic expansion for Kirloskar Pneumatic Company Ltd. into the […]

Univar Solutions acquires Valley Solvents & Chemicals to expand chemical distribution and environmental services

Univar Solutions acquires Valley Solvents & Chemicals to expand chemical distribution and environmental services

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 […]