Chemical Business Newsbase articles from January 2002, page 9

Chemical Business Newsbase archives from January 2002

Japan Chemical Week: Tsumura, Dainippon Pharmaceutical link up testing of new antihypertensives.
January 24, 2002... Recordati, Italy, has licensed its antihypertensive, lercanidipine hydrochloride, a third-generation calcium antagonist, to Tsumura, Japan. Joint clinical development and marketing will be conducted with Dainippon Pharmaceutical. Phase III...

Press Release: LOI signed between Boehringer Ingelheim and Yamanouchi on co-promotion of angiotensin II receptor blocker "Telmisartan".
January 24, 2002... Boehringer Ingelheim GmbH and Yamanouchi Pharmaceutical Co Ltd have signed a letter of intent covering cooperation on telmisartan, an angiotensin II receptor antagonist, in Japan. Following approval, the drug will be produced by Nippon...

Press Release: Fortron PPS selected by Airtex to gain design freedom, mechanical integrity, for auto water pump impellers in aggressive coolants.
January 24, 2002... Airtex Products has chosen Fortron for the impellers in six new water pumps it has developed for cars made by US producers. The use of Ticona's Fortron PPS enabled Airtex to develop complex impeller geometries that enhance efficiency and give...

Chemical Week: GE Plastics posts a sharp decline.
January 23, 2002... GE says 4Q profits of its materials sector, which includes GE Plastics and GE Specialty Materials, fell 44% to $285 M, on sales down 20% to $1.6 bn. GE's overall net profit was down 11% to $3.93 bn on sales down 3% to $33.98 bn.

Chemical Week: Braskem to buy Ipiranga stake in Copesul.
January 23, 2002... Ipiranga Petroquimica is to sell its 29% stake in Copesul (Brazil's second-largest petrochemicals maker) to Braskem. But the deal is likely to be opposed by antitrust regulators. Braskem, which is controlled by Odebrecht and Mariani, also...

Chemical Week: AP eyes Clariant's electronics unit.
January 23, 2002... Air Products and Chemicals has had talks to acquire Clariant's $250 M/y electronic materials business, which makes photoresists. The reports have been denied by Clariant. AP has electronics sales of $1 bn/y.

Chemical Week: Johnson Matthey may shut coatings unit.
January 23, 2002... Johnson Matthey says it will probably close a tableware coatings unit at Stoke-on-Trent, UK, after a 20% fall in demand last year. 300 jobs, or 4% of JM's total, would go. JM says it would take a charge of around #24 M in 2002 to cover the...

Chemical Week: Asbestos woes batter Dow, DSM, and PPG.
January 23, 2002... Concerns over asbestos liabilities continued to affect Dow Chemical's shares last week. Asbestos settlements have also affected the shares of chemical and related companies recently, including Honeywell, 3M and PPG Industries. Dow's exposure...

Chemical Week: EPA delays implementation of NOx reduction plan.
January 23, 2002... The EPA is to postpone the implementation of new nitrogen oxides (NOx) emission standards for a year - to May 2004. The standards affect 400 industrial facilities in the Midwest and southern US, including chemical plants owned by companies...

Chemical Week: More companies issue warnings, but early reporters perform well.
January 23, 2002... Ferro and Great Lakes have joined the growing list of specialty companies that say they will be down on analysts' 4Q estimates. Great Lakes says profits will be affected by poor performance at its OSCA subsidiary. This will reduce Great...

Chemical Week: Eastman expects sharp loss, shuts Hong Kong fine chemicals plant.
January 23, 2002... Eastman Chemical expects to post a 4Q loss of 16 cts/share, compared with earlier forecasts of a profit of 5-20 cts/share. Consensus estimates were for profits of 11 cts/share. 4Q sales will be down 7%. And Eastman does not expect conditions...

Chemical Week: Ineos mulls cracker in Germany, eyes hike in VCM and PVC capacity.
January 23, 2002... Ineos Capital is at an early stage of planning for a world-scale ethane cracker at Wilhelmshaven, Germany. Cost estimates have been invited for a 750,000 tonnes/y plant. Wilhelmshaven is the largest production site of Ineos' PVC subsidiary...

Chemical Week: Dow to idle EO derivatives plant at Wilton, UK.
January 23, 2002... Dow Chemical is to idle its EO derivatives plant at Wilton, UK, from 1 Apr because of weak market conditions. The plant produces 48,000 tonnes/y glycol ethers and 25,000 tonnes/y ethanolamines, 27 jobs, or 26% of the Wilton workforce, will...

Chemical Week: European Commission clears jv between K+S and Solvay.
January 23, 2002... The European Commission has approved the formation of European Salt Co (Esco), a joint venture of Kali und Salz (62%) and Solvay (38%). Esco will have combined salt capacity of 5 M tonnes/y.

Chemical Week: Investment Group acquires most of Australian Vinyls Corp.
January 23, 2002... A consortium of investors backed by capital company CPH Investment Corp is to acquire the PVC businesses of Australian Vinyls Corp (AVC), a joint venture of Orica and PolyOne. The $40 M deal is due to be completed on 15 Feb. The consortium...

Chemical Week: Soros-Chatterjee to take control of Haldia Petrochemicals.
January 23, 2002... Soros-Chatterjee Group is to take over management control of Haldia Petrochemicals Ltd (HPL), and increase its stake in HPL from 43% to 57%. The West Bengal state will take over Tata Group's 14% stake in HPL and sell it to Soros-Chatterjee....

Chemical Week: Shell, Sumitomo to decide on Singapore cracker this year.
January 23, 2002... Shell Chemicals and Sumitomo Chemical, the partners in Petrochemical Corp of Singapore, are to complete a feasibility study this year for a previously announced ethylene project in Singapore. Shell has indicated that the cracker would...

Chemical Week: Uhde wins chloralkali contract in India.
January 23, 2002... Uhde India is to expand capacity of Andhra Sugars' membrane cell chloralkali plant at Saggonda, India. The plant makes 100 tonnes/day caustic soda and 87 tonnes/day chlorine. The project will lift caustic capacity by 75 tonnes/day caustic and...

Chemical Week: Three groups bid for Oman fertilizer plant.
January 23, 2002... Toyo Engineering, Krupp Uhde, and a partnership of Snamprogetti and Mitsubishi Heavy Industries have filed proposals to erect a fertilizer complex at Sohar, Oman, for Bahwan Trading.

Chemical Week: ISP buys Creanova unit.
January 23, 2002... International Specialty Products (ISP) has acquired Creanova's biocides business, including the plant at Leaside, ON. The business makes fungicides, preservatives, algicides and biocides and posted sales of $27 M in 2001.

Chemical Week: Avery-Jackstadt delay.
January 23, 2002... Avery Dennison says its acquisition of Jackstadt, a $400 M/y pressure sensitive adhesives producer, has been delayed pending further review by the German competition authorities.

Chemical Week: Generics firm buys ISP custom unit.
January 23, 2002... Pharmaceutical Resources Inc is to acquire International Specialty Products' (ISP) FineTech fine chemicals business for $109 M. FineTech has plants in Haifa, Israel, and Columbus, OH. It specializes in custom manufacturing and drug...

Chemical Week: Ivax merges units.
January 23, 2002... Ivax UK has merged its fine chemicals and drugs divisions. Ivax makes generic drugs as well as excipients and fine chemicals at plants in the US, Europe, and Asia. The UK fine chemicals division was formerly known as Becpharm.

Chemical Week: Management team buys Galen unit.
January 23, 2002... Galen Holdings is to sell its Chemical Syntheses Services (CSS) fine chemicals business to a management team led by Allen McClay, the founder and former president of Galen, for $25 M. CSS provides a range of services from research and...

Chemical Week: Landec-UCB expansion.
January 23, 2002... Landec has expanded a research and development deal with UCB to include an exclusive licensing agreement under which UCB will pay $2.5 M for the right to use Landec's Intellimer polymer technology in powder coatings and pressure sensitive...

Chemical Week: Specialty wrap-up.
January 23, 2002... Dow Corning has chosen the fine ingredients division of Ashland Distribution as a key North American distributor of selected Dow Corning health care products. Ashland Specialty Chemical has chosen Crestchem as UK distributor for the...

Chemical Week: PCS ammonia shutdown.
January 23, 2002... Potash Corp of Saskatchewan (PCS) has closed down its 650,000 tonnes/y ammonia plant at Point Lisas, Trinidad, to check for metal fatigue at a heat exchanger. The plant will be down for 5-10 days. The closure is unlikely to lift ammonia...

Chemical Week: Samsung cutbacks.
January 23, 2002... Samsung General Chemical has cut styrene production by 15% because of weak demand and low prices. It is to maintain production at this level at the 670,000 tonnes/y plant at Seosan, S Korea, until the end of Feb, when a two-week maintenance...

Chemical Week: Atofina settles with EPA.
January 23, 2002... Atofina Chemicals is to pay $7.2 M to settle EPA charges of environmental violations at its facilities in Alabama, Kentucky, and Texas. The company is to pay a $1.9 M fine and spend $5.3 M on improving pollution controls.

Chemical Week: Symyx-Lilly deal.
January 23, 2002... Eli Lilly is to acquire combinatorial chemistry tools from Symyx to help discover and characterize novel polymorphic forms of Lilly's drug candidates. Merck also intends purchasing the tools.

Chemische Industrie: Avebe aims to double profitability. [1 table].
January 23, 2002... Avebe hopes that by strategic measures and restructuring of its internal processes it will become less vulnerable to cyclic price development and less dependent on political decisions relating to agriculture. It expects to improve...

Press Release: Kemira starts up water chemical production in St Petersburg.
January 23, 2002... In Russia, Kemira has signed an agreement to acquire NPF Pigment Corp's water treatment chemicals business. In addition, Kemira will build a new water treatment chemicals plant in St Petersburg. Start-up is expected in 2H 2003. The total...

Press Release: Procter & Gamble to provide $1.5 M to TecnoServe to help small-scale coffee growers in Latin America.
January 23, 2002... Procter & Gamble have announced a long-term alliance with TechnoServe, the international non-profit organisation, to help small-scale coffee growers in Latin America. P&G is concerned by the economic and social issues facing coffee growers,...

Press Release: Shell to acquire partners' stakes in Solar Energy joint venture.
January 23, 2002... Shell Renewables, Siemens AG and E.ON Energie AG have announced that Shell will acquire all the shares held by Siemens and E.ON in their solar photovoltaic joint venture company, Siemens und Shell Solar GmbH. The combined business, to be...

Press Release: Cytos completes CHF 45 million third financing round.
January 23, 2002... Cytos Biotechnology AG has completed its third financing round by way of private placement, raising gross proceeds of SFR 45 M via the issue of 5087 new registered shares. The financing brings the total amount of funds raised by Cytos to SFR...

Hospodarske Noviny: Synthesia to separate Explosia.
January 23, 2002... Synthesia (Pardubice, Czech Republic), chemical company, will probably separate the Explosia division from its structure in 2002. The division, which produces explosives including Semtex, should return to the hands of the state for security...

Hospodarske Noviny: Setuza goes on separating some of its shops.
January 23, 2002... Setuza (Usti nad Labem, Czech Republic), chemical and food products company, goes on separating those of its shops that are not directly related to its production and trade. At the beginning of 2002 Setuza rented the boiler house of its plant...

Dagens Naeringsliv: TFE and Intel to collaborate in process development.
January 23, 2002... Thin Film Electronics ASA (TFE), a daughter company of Opticom ASA, Norway, has entered into a new product and licensing agreement with Intel. TFE develops polymer memory-technology and under the agreement will begin developing, in...

Dagens Naeringsliv: Foreign firms have large share of Norwegian apothecaries. [1 table, 1 figure].
January 23, 2002... Half of Norway's chemists' shops are now linked to overseas drug distribution companies. Since liberalization on 1 Mar 2001 Gehe (Germany) and Alliance Unichem have taken a combined 48% share of the market. When Apokjeden is added, these 3...

Ernaehrungsdienst: Cargill gets green light for Cerestar acquisition. Antitrust concerns only for glucose activities.
January 23, 2002... The EU Commission in Brussels approved the acquisition of 56% of shares in French company Cerestar SA in Neuilly-sur-Seine (subsidiary of Italian Montedison Group) by US wheat wholesaler Cargill Inc. Cerestar is a leading European...

Ernaehrungsdienst: Hydro and Cargill establish Synagri.
January 23, 2002... Hydro Agri Canada and Cargill formed the agricultural wholesaler Synagri in Canada. Synagri will distribute fertilizers, pesticides and seeds of the Nutrite and Cargill brands.

Dagens Industri: Astra Zeneca sued in US over Zoladex.
January 23, 2002... A class action lawsuit has been brought against Astra Zeneca in the US for forcing up the price of the anticancer drug Zoladex. According to the company its pharmaceuticals consultants had distributed free samples of Zoladex to doctors, a...

Dagens Industri: ZAPP commissions plant for insulation blocks.
January 23, 2002... In 2001 ZAPP AB, Sweden, commissioned a plant at Lilla Edet for the production of environmentally friendly insulation blocks from cellulose for the building industry. Since autumn 2001 sales have begun and orders have been taken. For the...

Dagens Industri: Q-Med in exclusive negotiations over Durolane distribution rights.
January 23, 2002... A large international company has signed an agreement with Q-Med, Sweden, which gives it exclusive rights to negotiate a global distribution agreement for Q-Med's osteoarthritic treatment Durolane plus other products in the area of...

Het Financieele Dagblad: New biomaterials plant for CSM's PURAC.
January 23, 2002... CSM has officially opened a new plant at Gorinchem, Netherlands, for producing the biomaterials of PURAC biochem, a subsidiary of CSM's Biochemicals Division. PURAC manufactures the biologically degradable plastic polylactic acid from lactic...

Press Release: Brazil 2001 fertilizer sales up 1% at 16.5 M tonnes.
January 23, 2002... Brazil fertilizer deliveries increased 1% to 16.53 M tonnes during 2001 (16.3 M tonnes in 2000). The official figure is expected to be released in Feb 2002. According to the National Fertilizer Association, fertilizer sales increased chiefly...

La Tribune Desfosses: Merck reports 7% increased net profit for 2001.
January 23, 2002... Merck of USA retains its position as the world's third largest pharmaceutical company with the announcement of 7% increased net profit of $7.3 bn (EUR 8.3 bn) for 2001. Turnover for 2001 increased 18% to $48 bn and net profit for 4Q 2001...

Business Line: CPCL to consider sell-off to Chevron on 28 Jan 2002.
January 23, 2002... Chennai Petroleum Corp (CPCL) will consider the proposal of hiving-off its 50% stake in Indian Additives Ltd to its equal joint venture partner Chevron Oronite Co LLC on 28 Jan 2002. Chevron Oronite opines that there is a conflict of interest...

Business Line: HLL ends year 2001 with 25.3% rise in net profit.
January 23, 2002... FMCG major Hindustan Lever Ltd (HLL) posted a 25.3% increase in net profit at Rup 16.4131 bn on net sales of Rup 109.72 bn for the year ended Dec 2001 as against its net profit of Rup 13.1009 bn in year ended Dec 2000. For 4Q ended Dec 2001,...

Business Line: Andhra Petrochemicals: 3Q 2001-2002 net loss at Rup 4.071 M. [1 table].
January 23, 2002... The Andhra Petrochemicals Ltd incurred a net loss of Rup 4.071 M on net sales of Rup 364.924 M for 3Q ended Dec 2001 as against its net loss of Rup 13.343 M on net sales of Rup 348.764 M in 3Q ended Dec 2000. During the nine months ended Dec...

Business Line: Sun Pharma PAT up for 3Q 2001-2002.
January 23, 2002... Sun Pharmaceutical Industries Ltd posted a profit-after-tax (PAT) of Rup 464 M on sales of Rup 5.602 bn for 3Q ended Dec 2001 as against its PAT of Rup 341 M on sales of Rup 4.499 bn in 3Q ended Dec 2000. During 3Q 2001-2002, turnover...

Business Line: Praj Ind ties with US company to sell dehydration units.
January 23, 2002... Praj Industries Ltd has signed a licensing agreement with Delta T Corp of the US to sell molecular sieve dehydration plants, which can produce anhydrous ethanol both from molasses and grains, to distilleries. The cost of producing anhydrous...

Nachrichten fuer Aussenhandel: Chemical industry in Brasil. BASF to close down pigment plant.
January 23, 2002... German chemicals group BASF AG in Ludwigshafen will close down its pigment production facility in Sao Paulo in Brazil by 31 Mar 2002. The facility with 94 employees has a production capacity of 5000 tonnes/y of pigments. BASF now intends to...

Press Release: Allergan and EntreMed announce strategic alliance for eye diseases.
January 23, 2002... Allergan and EntreMed Inc have entered into a five-year strategic alliance to develop and commercialize small molecule angiogenic inhibitors for treatment and prevention of diseases and conditions of the eye. EntreMed's Panzem...

Press Release: Nastech receives approval to market Nascobal in Sweden.
January 23, 2002... Nastech Pharmaceutical Co Inc (Nastech) announced that the Swedish Medical Products Agency has granted marketing authorization for the sale of Nascobal (cyanocobalamin USP) Gel for Intranasal Administration to treat Vitamin B12 malabsorption....

Press Release: Third Wave launches four new Invader clinical reagents.
January 23, 2002... Third Wave Technologies Inc has launched four new Invader DNA analyte-specific reagents (ASR) for clinical use. New Invader DNA reagents are now available for the following analytes: ApoE (C112R), ApoE (R158C), GPIIIa (PLA1/A2), GPIa (C807T)....

Press Release: Genmab to acquire land for manufacturing facility in Denmark; state-of-the-art labs in Utrecht to double in size.
January 23, 2002... Genmab A/S announced that its Board of Directors has approved the purchase of 100,000 sq m of land in Hillerod, Denmark, to build a manufacturing facility. In a separate development, Genmab also announced it will expand its state-of-the-art...

Press Release: Avanir Pharmaceuticals' subsidiary, Xenerex Biosciences, and Dnax Research Inc enter antibody research collaboration agreement.
January 23, 2002... Xenerex Biosciences (Xenerex) has entered into a research collaboration agreement to generate fully human antibodies for Dnax Research Inc (Dnax). The research agreement provides for Xenerex to generate fully human monoclonal antibodies to...

Press Release: ChromaVision Medical Systems forms alliance with Richard-Allan Scientific Co to develop and market specialized diagnostic products.
January 23, 2002... ChromaVision Medical Systems Inc (ChromaVision) has formed an alliance with Richard-Allan Scientific Co to develop and market reagent kits and antibodies used in immunohistochemical (IHC) testing worldwide. Richard-Allan Scientific will...

Press Release: ImmunoGen Inc receives patent on taxane compounds.
January 23, 2002... ImmunoGen Inc announced that the US Patent and Trademark Office has issued to the Company a patent covering novel taxane compounds and their use as effector molecules in ImmunoGen's Tumor-Activated Prodrug technology. The taxane family, which...

Press Release: Able Laboratories receives approvable letter from FDA for Tramadol Hydrochloride Tablets, 50 mg.
January 23, 2002... Able Laboratories Inc has received notification from the US Food and Drug Administration (FDA) that the Company's Abbreviated New Drug Application for Tramadol Hydrochloride Tablets, 50 mg is approvable. The notification followed the FDA's...

Press Release: Amersham Health strengthens product distribution with new partners; creating largest radiopharmacy network in the US.
January 23, 2002... Amersham Health announced its expanded radiopharmacy network is now the largest in the US. The network includes Company-owned radiopharmacies and a large alliance of pharmacy partners formed through several agreements with independent...

Press Release: Human Genome Sciences files Investigational New Drug application for Lymphorad(131).
January 23, 2002... Human Genome Sciences Inc has submitted an Investigational New Drug application to the US Food and Drug Administration (FDA) for LymphoRad 131, a radioiodinated form of B Lymphocyte Stimulator (BLyS). Upon receiving clearance from the FDA,...

Press Release: EpiGenesis announces positive data in trial of EPI-2010 in patients with asthma.
January 23, 2002... EpiGenesis Pharmaceuticals Inc (EpiGenesis) announced positive results of a clinical trial of the potential efficacy of EPI-2010 in patients with asthma, conducted at Hammersmith Medicines Research, London, UK. A single dose of EPI-2010...

Press Release: Stressgen's new European patent for heat shock protein fusions maximizes international marketing opportunities.
January 23, 2002... Stressgen Biotechnologies Corp (Stressgen) announced that the European Patent Office has granted Patent Number 700445 B1 covering compositions and methods for using fusion proteins comprised of heat shock proteins fused to antigens. Stressgen...

Press Release: Oculex Pharmaceuticals announces joint development agreement with Allergan for EntreMed compound.
January 23, 2002... Oculex Pharmaceuticals Inc (Oculex) has reached an agreement with Allergan Inc for the development and manufacturing of a new drug product that contains Panzem utilizing Oculex's proprietary biodegradable drug delivery technology. Panzem is...

Press Release: Pfizer statement on Viagra use patent litigation in the UK.
January 23, 2002... Pfizer Inc released statement after the decision by the UK Court of Appeals on Pfizer's use patent for the treatment of male erectile dysfunction. The statement states that the litigation does not involve Pfizer's basic patent covering...

Press Release: Caraco Pharmaceutical receives preliminary drug approval from FDA.
January 23, 2002... Caraco Pharmaceutical Laboratories Ltd (Caraco) has received notification from the Food and Drug Administration (FDA) that its application to manufacture and market tramadol hydrochloride tablets is approvable. The company is expected to be...

Press Release: TransDerm Technologies LLC signs development agreement with Virotek.
January 23, 2002... TransDerm Technologies LLC (TDT) and Virotek LLC (Virotek) have entered into an agreement for the development of a rapid test strip for lead poisoning. The strip will be used in conjunction with TDT's proprietary non-invasive, point of care...

Press Release: According to ABI, BMS improperly delists Taxol patent in an attempt to allow Ivax to market generic Taxol.
January 23, 2002... Bristol-Myers Squibb (BMS) informed American Bioscience Inc (ABI) that BMS has instructed the US Food and Drug Administration (FDA) to "delist" ABI's US Patent No 6,096,331. ABI was shocked to learn of BMS's action, which ABI found to be...

Press Release: BresaGen granted US Patent of leukaemia drug.
January 23, 2002... BresaGen Ltd has been granted a second US patent in relation to its anticancer drug E21R further strengthening its intellectual property position and commercial prospects. The latest patent is a "method of use patent" that protects the...

Press Release: Dow Corning establishes Thin Film Technology Platform.
January 23, 2002... Dow Corning Corp launched a new programme, the Thin Film Technology Platform, to identify, develop and promote new products based on thin-film materials and processes. The platform was established to support and serve the company's...

Press Release: New Minis arrive on Goodyear eagle run-flat tyres.
January 23, 2002... Goodyear Tire & Rubber Co (Goodyear) run-flat tyres have arrived in America on the most British of motorcars -- the 2003 Mini. Goodyear Eagle NCT 5 EMT run-flat tyres, manufactured in Fulda, Germany, are a summer-tyre option on all Minis...

Press Release: 'Nautilus Biotech and Microbix Biosystems Inc sign a distribution agreement for rAAV High-Producer Cells'.
January 23, 2002... Nautilus Biotech (Nautilus) and Microbix Biosystems Inc announced signing a distribution agreement for academic applications of NautCell, a high-producer cell-line for recombinant Adeno-associated vectors (rAAV). NautCell has been developed...

Press Release: Albemarle approves agreement to purchase 4 M shares.
January 23, 2002... Albemarle Corp announced that its board of directors had approved the company entering into an agreement to purchase 4 M shares of Albemarle common stock from Bruce C Gottwald and his related immediate family interests. Under the agreement,...

Press Release: Lyondell deicer test lab open for business.
January 23, 2002... Lyondell Chemical Co (Lyondell) has announced the completion of a state-of-the-art deicing fluid testing facility at its research and development site in Newtown Square, PA. The new facility enables Lyondell to perform all prerequisite...

Press Release: Gundle/SLT Environmental Inc announces acquisition.
January 23, 2002... Gundle/SLT Environmental Inc (GSE) has agreed to acquire the stock of Serrot International Inc (SII) from Waste Management Inc for $30 M. Under terms of the agreement, GSE will purchase SII, excluding SII's roofing materials business and...

Press Release: Unocal sues Valero Energy for wilful infringement of gasoline patents.
January 23, 2002... Unocal Corp said that its Union Oil Co of California (Union Oil) subsidiary has filed suit against Valero Energy Corp (Valero) for wilful infringement of Union Oil's '393 and '126 gasoline patents. These patents cover certain compositions of...

Press Release: UK Court of Appeal rules in Lilly ICOS' favour: Appeals Court says Pfizer's method of use patent invalid.
January 23, 2002... Lilly ICOS LLC announced that the UK Court of Appeal in London upheld a lower court's ruling that found Pfizer's entire "method of use" patent for PDE inhibitors to treat erectile dysfunction (ED) was invalid. This decision follows a Dec 2001...

Chemical Week: HOC: Six companies reported to be in fray for Government stake.
January 22, 2002... Pune based, Deepak Nitrite Ltd (DNL), Delhi based, Vam Organics Ltd, Rashtriya Chemicals & Fertilisers Ltd, Chambal Fertilisers and US based Schenectady are among the six companies bidding for the Government of India's 32% stake in Hindustan...

Chemical Week: Hyundai, Nerolac okay auto paint deal.
January 22, 2002... Goodlass Nerolac Paints Ltd (Nerolac) has entered into a pact with Hyundai Motors (Hyundai) for the supply of automotive paints and systems, which includes electro-deposition primers, topcoats and pre-treatment chemicals to Hyundai. During...

Chemical Week: STC asks Kerala for export subsidy to procure rubber.
January 22, 2002... The State Trading Corp (STC) will supply natural rubber to industrialists in Kerala, if the State Government of Kerala agrees to grant an export subsidy of about Rup 3.5/kg and deemed exports status to its procurement operations. The State...

Chemical Week: RLL's exports at Rup 10.3 bn during 2001; Focus on cardiovascular and neurological segments in herbals.
January 22, 2002... Ranbaxy Laboratories Ltd's (RLL) exports increased 26% to Rup 10.3 bn for year ended Dec 2001 and is expected to achieve the targeted global sales of $1 bn by 2004. RLL exports drugs manufactured in India to 94 countries. The company has...

Chemical Week: DRL weighs closure of three overseas units.
January 22, 2002... Dr Reddy's Laboratories (DRL) is considering the option of closing down three of its global operations including its Brazilian operations. The company, which has seven subsidiaries and four joint ventures in the international market, would be...