Chemical Business Newsbase articles from August 2001, page 37

Chemical Business Newsbase archives from August 2001

HANDELSBLATT WIRTSCHAFTS-UND FINANZZEITUNG: Drug s market losing momentum.
August 1, 2001... The big US drugs producers continued on a course of expansion in 2Q 2001 but the industry has lost momentum in comparison with the high growth rates of last year. Market share has gone to small and medium-sized producers. Pharmacia...

HANDELSBLATT WIRTSCHAFTS-UND FINANZZEITUNG: US company for results 2Q 2001.
August 1, 2001... Bristol-Myers Squibb had 2Q sales up 6.6% to $4.709 bn and profits up 10.1% to $1.201 bn. At DuPont, sales were down 11.3% to $7.213 bn, and there was a loss of $213 M. Pharmacia recorded a 4.6% rise in sales to $5.424 bn and profits...

PESTICIDE AND TOXIC CHEMICAL NEWS: Canadian Supreme Court upholds local ban on 'cosmetic' pesticides.
August 1, 2001... The Canadian Supreme Court has upheld a ban by the Montreal suburb of Hudson on the use of pesticides for non-essential purposes. ChemLawn (not the US company of the same name) and Spraytech have been accused of using herbicides for...

THE HINDU: Reckitt Benckiser: Net profit decreases for thirteen weeks ended Jun 2001. [1 table].
August 1, 2001... Reckitt Benckiser (India) Ltd posted a net profit of Rup 36.9 M on net sales of Rup 1381.7 M during 13 weeks ended Jun 2001 as against its net profit of Rup 82.5 M on net sales of Rup 1426.7 M in 13 weeks ended 1 Jul 2000. The company...

THE HINDU: Dietary supplement from Addax Health Care.
August 1, 2001... Addax Health Care has introduced a dietary supplement under the brand name Squal, chemically known as squalene. The dietary supplement has anti-oxidant properties to help fight infection and reduce cholesterol levels, and will be...

THE HINDU: Medimix to introduce ayurvedic skincare capsule.
August 1, 2001... Medimix has introduced an ayurvedic skincare capsule, Tejaswini, containing 12 ayurvedic herbs in Tamil Nadu, Kerala, Karnataka and Andhra Pradesh. The capsules are priced at Rup 90/pack of 30 capsules.

THE HINDU: Century Textiles net profit up 83.68% for 1Q 2001-2002.
August 1, 2001... Century Textiles and Industries (Century Textiles) registered an 83.68% increase in its net profit at Rup 122.7 M on net sales of Rup 6219.7 M for 1Q ended Jun 2001 as against its net profit of Rup 66.8 M on net sales of Rup 5571.1 M in 1Q...

THE HINDU: Cipla announces increased net profit for quarter ended Jun 2001.
August 1, 2001... Cipla recorded a net profit of Rup 444 M on net sales of Rup 2.979 bn during the quarter ended Jun 2001 as against its net profit of Rup 388 M on net sales of Rup 2.418 bn in the quarter ended Jun 2000. The board of the company has...

THE HINDU: 33% interim from SmithKline Beecham Consumer.
August 1, 2001... The directors of SmithKline Beecham Consumer Healthcare (SmithKline Beecham) have declared an interim dividend of Rup 3.3/share for 2001. SmithKline Beecham has registered a profit-after-tax of Rup 688.4 M on sales of Rup 4602.5 M during...

THE HINDU: Glaxo India reports higher net profit for quarter ended Jun 2001.
August 1, 2001... Glaxo India posted a net profit of Rup 425.3 M on net sales of Rup 1983.1 M for the quarter ended Jun 2001 as against its net profit of Rup 295.2 M on net sales of Rup 2867.8 M in the quarter ended Jun 2000. During the six months ended...

FEDERAL REGISTER: Automotive replacement glass windshields from the People's Republic of China: postponement of preliminary determination of antidumping duty investigation.
August 1, 2001... Effective 23 Jul 2001, the US Import Administration, International Trade Administration, Department of Commerce has postponed the preliminary determination of antidumping duty investigation regarding automotive replacement glass windshields...

FEDERAL REGISTER: Food additives permitted for direct addition to food for human consumption; change in specifications for gum or wood rosin derivatives in chewing gum base.
August 1, 2001... The US Food and Drug Administration is amending the food additive regulations to provide for a change in the softening point specifications of currently listed gum or wood rosin derivatives and to provide for their safe use as plasticizing...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of application (Lifepoint Inc).
August 1, 2001... On 7 Dec 2000, Lifepoint Inc made application to the US Drug Enforcement Administration for registration as a bulk manufacturer of tetrahydrocannabinols, amphetamine, methamphetamine, phencyclidine, cocaine, benzoylecgonine, and morphine. ...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of application (Lonza Riverside).
August 1, 2001... On 4 Jan 2001, Lonza Riverside made application by renewal to the US Drug Enforcement Administration for registration as a bulk manufacturer gamma hydroxybutyric acid, amphetamine, and phenylacetone. The firm plans to manufacture the...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of application (Stepan Co).
August 1, 2001... On 9 Jan 2001, Stepan Co, Natural Products Department made application by renewal to the US Drug Enforcement Administration for registration as a bulk manufacturer of cocaine and benzoylecgonine. The firm plans to manufacture bulk...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of application (Abbott Laboratories, DBA Knoll Pharmaceutical Co).
August 1, 2001... On 7 Mar 2001, Abbott Laboratories, DBA Knoll Pharmaceutical Co made application to the US Drug Enforcement Administration (DEA) for registration as a bulk manufacturer of dihydromorphine and hydromorphone. The firm plans to produce bulk...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of application (Research Triangle Institute).
August 1, 2001... On 18 Apr 2000, Research Triangle Institute made application by renewal to the US Drug Enforcement Administration for registration as a bulk manufacturer of marihuana and cocaine. The institute will manufacture small quantities of cocaine...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of application (Johnson Matthey Inc).
August 1, 2001... On 12 Dec 2000, Johnson Matthey Inc made application by renewal to the US Drug Enforcement Administration for registration as a bulk manufacturer of tetrahydrocannabinols, difenoxin, propriam, amphetamine, methylphenidate, anileridine,...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of application (High Standard Products Corp).
August 1, 2001... On 4 Jan 2001, High Standard Products Corp made application to the US Drug Enforcement Administration for registration as a bulk manufacturer of methaqualone, lysergic acid diethylamide, tetrahydrocannabinols, 3,4- methylenedioxyamphetamine,...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of application (Applied Science Labs).
August 1, 2001... On 18 Jan 2001, Applied Science Labs (division of Alltech Associates Inc) made application by letter to the US Drug Enforcement Administration for registration as a bulk manufacturer of 4-bromo-2,5- dimethoxyphenethylamine, a basic class of...

FEDERAL REGISTER: Manufacturer of controlled substances: notice of registration (ISP Freetown Chemicals Inc).
August 1, 2001... By notice dated 14 Nov 2000, and published in the Federal Register on 28 Nov 2000 (65 FR 70937), ISP Freetown Chemicals Inc made application by letter to the US Drug Enforcement Administration to be registered as a bulk manufacturer of...

BUSINESS LINE: The dragon tempts the Indian Eve.
August 1, 2001... The estimated Rup 2.7 bn Indian cosmetics market, which has almost remained constant since the beginning of 2001, is likely to face further setbacks with the presence of cheap Chinese cosmetics in the market. Davis, BR and Arezia are...

BUSINESS LINE: Century Enka 1Q 2001-2002 net profit at Rup 263.2 M.
August 1, 2001... Century Enka Ltd registered a net profit of Rup 263.2 M on net sales of Rup 1928.9 M during 1Q ended Jun 2001 as against its net profit of Rup 47.8 M on net sales of Rup 1748.6 M in 1Q ended Jun 2000.

BUSINESS LINE: Nalco Chem proposes product consolidation.
August 1, 2001... Nalco Chemicals India Ltd (Nalco Chem), an Indian arm of the US-based $3 bn ONDEO Nalco, proposes product consolidation by reducing the number of existing products to 280 from 350 and to launch new products/services. The new...

BUSINESS LINE: Modi's control of MRL hinges on HC ruling on LIC suit.
August 1, 2001... The attempt to gain management control in Modi Rubber Ltd (MRL), by the Modis, namely Dr BK Modi and Mr VK Modi, now depends on the judgement of the Mumbai High Court (HC) on the Life Insurance Corp's (LIC) tender. LIC has filed a suit...

BUSINESS LINE: Revised duty on NBR imports from South Korea, Germany.
August 1, 2001... The Designated Authority in the Commerce Ministry has recommended the imposition of the revised anti-dumping duty on imports of acrylonitrile butadiene rubber or nitrile rubber (NBR) from South Korea and Germany. The Authority has...

BUSINESS LINE: Pharma R&D may be modelled on TDB lines.
August 1, 2001... The Rup 1.5 bn R&D fund for the pharma sector proposed by the Government of India may be modelled on the fund administered by the Technology Development Board (TDB). The TDB, which is under the aegis of the Ministry of Science and...

BUSINESS LINE: Parke-Davis: 1Q 2001-2002 net profit at Rup 37.4 M.
August 1, 2001... Parke-Davis (India) Ltd posted a net profit of Rup 37.4 M on net sales of Rup 533.2 M for 1Q ended Jun 2001 as against its net profit of Rup 54.4 M on net sales of Rup 532.8 M recorded in 1Q ended Jun 2000. The dip noted in the net profit...

BUSINESS LINE: Clariant India net profit, turnover improve.
August 1, 2001... Clariant India Ltd posted a 24% increase in its net profit at Rup 50.2 M on a sales turnover of Rup 729.6 M for 1Q ended Jun 2001 as against its net profit of Rup 40.6 M on a sales turnover of Rup 648.1 M recorded in 1Q ended Jun 2000. ...

BUSINESS LINE: Tamilnadu Petroproducts net higher at Rup 175.2 M for quarter ended Jun 2001.
August 1, 2001... Tamilnadu Petroproducts Ltd has posted a net profit of Rup 175.2 M on a turnover of Rup 1635.6 M for the quarter ended Jun 2001 as against its net profit of Rup 170.8 M on a turnover of Rup 1424.9 M recorded in the quarter ended Jun 2000. ...

BUSINESS LINE: New VRS in the offing at MFL.
August 1, 2001... Madras Fertilizers Ltd (MFL) is expected to announce a new voluntary retirement scheme (VRS) by Aug 2001, to reduce the number of employees by about 75-100 from the present 1575 as part of its cost management measures to increase...

BUSINESS LINE: Delay in BIFR nod 'will hit Dunlop Revival'.
August 1, 2001... The management of Dunlop India Ltd (Dunlop) has alleged that the delay in the approval of the Draft Rehabilitation Scheme by the Board for Industrial and Financial Reconstruction has affected the revival prospects of the company. The...

BUSINESS LINE: IOC to beef up supply network in Karnataka.
August 1, 2001... Indian Oil Corp (IOC), with a 58% market share in Karnataka, proposes to invest around Rup 1.5 bn on infrastructure development to improve supply networks, to create fresh fuel oil capacities of 70,000 kl, and to set up a Rup 300 M, 44,000...

BUSINESS LINE: Rajshree Sugars & Chemicals: net profit at Rup 19.276 M for 1Q 2001-2002. [1 table].
August 1, 2001... Rajshree Sugars & Chemicals Ltd recorded a net profit of Rup 19.276 M on net sales/income from operations of Rup 166.409 M for 1Q ended Jun 2001 as against its net profit of Rup 30.536 M on net sales/income from operations of Rup 246.563 M...

BUSINESS LINE: Amara Raja Batteries: 1Q 2001-2002 net profit at Rup 32.16 M. [1 table].
August 1, 2001... Amara Raja Batteries Ltd posted a net profit of Rup 32.16 M on net sales/income from operations of Rup 233.05 M for 1Q ended Jun 2001 as against its net profit of Rup 22.6 M on net sales/income from operations of Rup 198.85 M recorded in 1Q...

BUSINESS LINE: Smooth skin: Pond's launched Beauty Snow.
August 1, 2001... Pond's has introduced a skin cream, Pond's Beauty Snow, containing milk proteins, aloe vera, mint plus and a floral fragrance. The new product, which is suitable to all skin types, makes the skin soft and smooth. Pond's Beauty Snow...