Chemical Business Newsbase articles from June 2005

Chemical Business Newsbase archives from June 2005

Impact of WTO on the chemical industries in India: the pharmaceutical industry.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The pharmaceutical industry in India is currently worth $4 bn. Exports of drug, pharmaceuticals and fine chemicals were pegged at Rup 119.25 bn in 2002-03. The industrys...

Impact of WTO on the chemical industries in India: speciality chemicals.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The Indian speciality chemicals industry posts around Rup 1.5 bn in total turnover. The industry has 2000 manufacturers that supply customers in the agriculture, textile,...

Impact of WTO on the chemical industries in India: Dyestuffs industry.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Overall dyestuffs production in India is about 90,000 tonnes/y, while installed capacity is 1,50,000 tonnes/y. The dyestuffs industry covers dyes, intermediates and pigments....

Tata Chemicals encounters problem in acquisition bid; net profit up by 275% in quarter ended 31 Mar 2005.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Tata Chemicals' $450 M bid for Egyptian Fertilizers Co (EFC) has been challenged by Egypt Kuwait Holding (EK Holding), which made a counter offer of $350/share. The counter...

Hikals 4Q 2005 net up by 23%.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Hikal of Mumbai recorded a net profit of Rup 115.2 M in 4Q ended 31 Mar 2005, reflecting a 23% rise compared to Rup 93.7 M in the same period in 2004. The companys overall...

Indian Oil 4Q 2005 net drops 51%.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Indian Oil Corps (IOC) net profit in 4Q ended 31 Mar 2005 declined by 51% to Rup 8930 M from Rup 18,500 M in the same period in 2004. The figures came after the government...

Impact of WTO on the chemical industries in India: Role of chemical industry in the economic development of India.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The Indian chemical industry is No 12 by volume in chemical production globally. The chemical industry is expanding by nearly twice the growth rate of GDP at 12%/y. The...

Impact of WTO on the chemical industries in India: The size and structure of the Indian chemical industry. [1 table].
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The Indian chemical industry currently posts Rup 1350 bn ($30 bn) in turnover and account for 14% of the total output of the manufacturing sector. Overall industry turnover is...

BPCL 4Q ended 31 Mar 2005 net down 15% to Rup 3510 M.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Bharat Petroleum Corps (BPCL) net profit in 4Q ended 31 Mar 2005 dropped 15.12% to Rup 3514 M from Rup 4140 M in the same period in 2004. The companys overall income also rose...

GAIL net up to Rup 19,470 M in FY 2004-05.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) GAIL (India) Ltds net profit in FY 2004-05 rose 4% to Rup 19,470 M from the previous year. The companys turnover for the year rose 15% from the previous years Rup 124,350 M. A...

Chhabrias to exit agrichem business.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Agrochemical business SWAL Corp is being offered for sale by Shaw Wallace and Co (SWC), which is promoted by the Manu-Chhabria-controlled Jumbo Group. SWC also reported that it...

Innovative solutions in the rubber sector.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Lanxess Deutschland GmbH introduced its low-viscosity Therban AT and Levapren EVM rubber materials in the Hannover Fair, where it joined forces with ContiTech AG. Therban AT...

FACT in the black in 4Q 2005, net at Rup 340 M.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Fertilisers and Chemicals Travancore (FACT) increased its net profit to Rup 336.6 M in 4Q ended Mar 2005 from a loss of Rup 137.7 M in the same period in 2004. The companys...

HPCL 4Q 2005 net declines by 5%.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Hindustan Petroleum Corp Ltds (HPCL) net profit dropped 5% to Rup 4998 M in 4Q ended 31 Mar 2005 from Rup 5270.5 M in the same period in 2004. The companys overall income for...

Biotech industry revenues cross $1 bn.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The Indian biotech industrys revenues breached the $1 bn mark. The sector also expanded by 36% in 2004-05 for a turnover of Rup 47,450 M, based on the third Bio-Spectrum-ABLE...

Natco tie-up with US varsity.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Natco Pharma Ltd has formed a partnership with Temple University in the USA in a bid to hasten some biological studies of the university and establish the in vivo efficacy of...

Shasun products in USA, Europe.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Alpharma Inc of New Jersey will exclusively market and distribute in the USA and Europe 10 generic formulations of Shasun Chemicals & Drugs Ltd under an agreement entered by...

Sandoz to build bulk drug plant at mahad.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Generic business Sandoz will establish a multipurpose facility for active pharmaceutical ingredients at Mahad in Maharashtra. The new facility, which is the companys fourth...

Thirumalai Chem to merge group co.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Thirumalai Chemicals notice to the Bombay Stock Exchange indicates a possible merger with the Rup 100 M Chemidye Manufacturing Co Pvt Ltd. Thirumalai Chemicals phthalic and...

Impact of WTO on the chemical industries in India: petrochemicals (excluding oil and gas).
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) The Indian petrochemical industry, which is valued at Rup 500 bn ($11 bn), is projected to expand at around 9.5%/y in terms of production from 1999-2000 till 2003-04. Demand...

Panacea to set up new R&D centre in Mumbai.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Panacea Biotech Ltd of New Delhi is establishing a Rup 100 M drug research and development (R&D) centre in Mahape in Mumbai. A company official noted that the facility would...

IPCL 4Q 2005 net up 239% to Rup 3360 M.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Indian Petrochemicals Corps (IPCL) net profit rose 239.39% to Rup 3360 M in 4Q ended 31 Mar 2005 from Rup 990 M in the same period in 2004. Net turnover increased to Rup 26,430...

High-tech raw material for high-tech glass.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Degussa AG of Dusseldorf, Germany has developed a new high-purity, nanoscale fumed silica for speciality glass production. The companys Aerosil EG50 has low content of trace...

DFPCL posts highest-ever PBT of Rup 1124.6 M.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Deepak Fertilisers and Petrochemicals Corp Ltds (DFPCL) profit before tax (PBT) reached a record-high Rup 1124.6 M on revenues of Rup 5009.5 M in FY 2004-05. FY 2005 net profit...

World refractory magnesia market moving back towards balance.
June 30, 2005... (From Chemical Business NewsBase - Chemical Business (India)) A new report by Roskill shows that the global market for refractory magnesia remains in oversupply condition but is receding back to balance due to the exit of producers in the...