Chemical Business Newsbase articles from August 2005

Chemical Business Newsbase archives from August 2005

ICL Industrial Products announces price increases.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) DEAD Sea Periclase (DSP), the ICL Industrial Products (ICL-IP) Magnesia Products Business Unit (BU), is lifting prices of its magnesia products line by 5 to 15% effective as...

The chemical industry in Singapore potential and opportunities.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The chemical industry in Singapore achieved robust growth in 2004, pledging S$1.6 bn in fixed asset investments (FAI). Upon full implementation, a value added of S$1.1 bn/y...

Berger Paints to commission Russian plant in May 2006.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Berger Paints India Ltd anticipates commissioning its $2 M decorative paints manufacturing unit in South Russia in May 2006. The facility is promoted by Berger Cyprus, a wholly...

BPCL mulls petrochemical feedstock production at Bina refinery.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) BPCL is planning to produce petrochemical feedstock at the planned refinery at Bina in Madhya Pradesh. The comprehensive feasibility study is expected to be complete in Aug...

Tata Chemicals reports 42% increase in net profit.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Tata Chemicals has posted a net profit rise of 42% to Rup 649.40 M for 1Q ended Jun 2005 from Rup 456.4 M in the previous year. However, income operations dropped to Rup 5099.8...

Nicholas to pick 17% stake in Canadian biotech firm.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Nicholas Piramal India (NPIL) reported it would be buying a 17.1% interest in BioSyntech Inc of Canada for an estimated Rup 230 M (C$6 M). The transaction will enable NPIL to...

Reliance Industries 1Q 2005 net up by 61%.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Reliance Industries, controlled by Mukesh Ambani, posted a turnover increase of 26% at Rup 198,840 M for the 1Q ended Jun 2005. The company also reported a profit increase of...

World carbon black market: a review (Global demand to rise 4%/y through 2008).
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The worldwide carbon black market is seen to increase 4%/y through 2008 to 9.6 M tonnes. This figure almost equals the gains forecast for worldwide rubber consumption in the...

Nanotech facility setup in Hyderabad.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Yashnanotech of Mumbai is proposing to build a nanotech manufacturing plant in Hyderabad aside from one more project in Maharashtra at an initial cost of Rup 500 M. The...

Reliance to invest Rup 39,000 M in Hazira.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Reliance Industries Ltd (RIL) is to spend Rup 39,000 M for its Hazira petrochemicals facility in 2006. The figure is more than its Rup 426,000 M capital expenditure in the...

Philips Carbon Black to become global player.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Philips Carbon Black Ltd (PCBL) intends to make foreign acquisitions in its bid to become a global player in the carbon black industry. PCBL will raise its borrowing limit from...

GFL to invest Rup 4000 M to diversify its product portfolio.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Gujarat Fluorochemicals Ltd (GFL) has intensified plans to spend Rup 3500-4000 M and diversify its product range. Three production facilities for caustic soda, chlorine and...

EU may prolong duties on US chemical makers to protect BASF.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The European Union may prolong for another five years tariffs on US ethanolamine makers such as Dow Chemical Co to safeguard EU manufacturers including BASF AG from cheaper...

BASF 2Q 2005 operating profit soars.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) BASF posted an increase of 31% in its 2Q 2005 earnings before interest and tax (EBIT) before special items to EUR 1.7 bn compared with the EUR 1.557 bn average of 16 forecasts....

Henkel sales beat estimates.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Henkel posted a 14% increase in its 2Q 2005 operating profit driven by strong growth at its cosmetic, laundry, adhesives and technologies units. Earnings before interest and...

IOC plans to invest Rup 250,000 M to expand petrochem operations.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Indian Oil Corp Ltd has intensified plans to spend Rup 250,000 M to boost its operations in the petrochemicals sector in the next 8 years. The company will employ various...

Ethylene, related resin prices may rise in 3Q 2005.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Dow Chemical Co, Lyondell Chemical Co and other US plastics manufacturers may increase prices for ethylene and related resins in 3Q 2005 as demand returns, according to Merrill...

Alufluoride plans expansion.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Alufluoride Ltd intends to clear all its debts by end of 2005 as well as diversify and expand in 2006. The company manufactures aluminium fluoride, which is used in aluminium...

Jayshree Chem to expand Orissa soda unit.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Jayshree Chemicals Ltd is considering embarking on a 100 tonne/day Greenfield expansion project adjacent its existing facility at Ganjam in Orissa. The expansion project will...

Godavari Fertilisers back in the black.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Godavari Fertilisers and Chemicals Ltd registered a net profit of Rup 8,844,000 for the quarter ended Jun 2005, as compared to a net loss of Rup 65.2 M in the similar quarter...

RIL, ONGC seek LPG price hike.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Oil and Natural Gas Corp and Reliance Industries Ltd have requested the government to instruct oil marketing companies (OMCs) to remove the freeze on LPG and kerosene prices...

TCG ready to buy out West Bengal's holding in HPL.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The Chatterjee Group (TCG) is reportedly willing to pay just below Rup 29 per share to the government of West Bengal (GoWB) to secure Haldia Petrochemicals Ltd (HPL). The...

HPCL mulls green-field refinery at Visakhapatnam.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Hindustan Petroleum Corp Ltd (HPCL) has requested the government to allot around 2500 acres of land in the proposed Andhra Pradesh Special Economic Zone (APSEZ) as part of its...

Reliance, MRPL may have to produce more kerosene.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The government is considering sending a missive to all oil refiners, particularly Reliance and Mangalore Refineries and Petrochemicals (MRPL), to manufacture more kerosene to...

DRL inks marketing pact with NZ firm.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Dr Reddy's Laboratories Ltd (DRL) has partnered with Symbiotic, a nutraceutical firm in New Zealand, to market its nutritional and immune boosters in India. DRL, under the...

Honeywell net up 78%.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Honeywell Automation India posted a 78% rise in profit at Rup 71 M for the quarter ended 30 Jun 2005 compared with Rup 40 M during the similar quarter in 2004. Net sales for...

Ind-Swift 1Q 2005 net up 251.26%.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) IND-Swift Laboratories had a 251.26% rise in net profit that surged from Rup 28.6 M to Rup 100.4 M in 1Q 2005-2006 compared with the same period last year. Sales turnover rose...

Orchid net up 56%.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Orchid Chemicals & Pharmaceuticals increased its net profit by 56.28% to Rup 73.3 M for the quarter ended Jun 30 2005 from Rup 46.9 M in the same quarter last year. Total...

Unichem net up 124%.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Unichem Laboratories Ltd posted Rup 322.80 M in its net profit for the quarter ended Jun 2005, a 124% increase from Rup 144 M in the same period a year earlier. Total income...

DSM: significant sales growth in 2Q 2005.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) DSM had a total operating profit of EUR 217 M in 2Q 2005, up 43% from the corresponding period in 2004. The increase is particularly attributable to higher margins, lower...

FACT may partner GAIL in petrochemical complex.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Fertilisers and Chemicals Travancore Ltd (FACT) and GAIL have completed preliminary talks concerning FACT's efforts to become a joint venture partner in the petrochemical...

Positive trends in the chemical industry.
August 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The Indian chemical industry is making headway with a 12%/y growth after opening up the Indian economy, leading to the advancement of the chemical industry through cost-cutting...