Chemical Business Newsbase articles from May 2005

Chemical Business Newsbase archives from May 2005

Rallis India returns to dividend list in quarter ended Mar 2005.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Rallis India Ltd is again in the dividend list as it posted a net profit of Rup 40.1 M in the quarter ended Mar 2005 compared to Rup 150.9 M in the same period in 2004. A 10%...

Gail full-year net up 4%.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Gail (India) Ltd posted a 4% increase in profit after tax to Rup 19,470 M in FY 2004-05 from Rup 18.69 bn in FY 2003-04. The firm also increased its turnover by 15% from Rup...

JB Chemicals net profit Rup 114 M in three months ended 31 Mar 2005.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) JB Chemicals and Pharmaceuticals increased its net profit to Rup 114 M in the three months ended 31 Mar 2005 from Rup 104 M in the same period in 2004. Overall income rose to...

Kochi Refineries net up 51% in FY 2004-05.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Kochi Refineries' net profit has increased by 51% to Rup 8,420 M FY for 2004-05. Gross profit in 4Q 2004-05 was Rup 11,930 M. The company made a milestone of breaking the Rup...

Ind-Swift Ltd net up 118% in FY 2004-05.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Ind-Swift Ltd posted a 118.66% rise in net profit to Rup 281.2 M in FY 2004-05 from Rup 128.6 M in the same period last year. The companys turnover also increased by 20% to Rup...

Gujarat Alkalies net profit at Rup 481.7 M in Jan-Apr 2005 quarter.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Gujarat Alkalies and Chemicals increased its net profit to Rup 481.7 M in the period Jan-Apr 2005 from Rup 231.2 M in the same period in 2004. The company also recorded...

VAT uncertainty, US ruling drive down Ranbaxys 1Q 2005 net by 63%.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Ranbaxy Laboratories Ltd posted a 62.85% drop in net profit to Rup 708 M in 1Q ended 31 Mar 2005 from Rup 1906 M in the same period in 2004. The decline was attributed to the...

GlaxoSmithKline 1Q 2005 net up 35%.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) GlaxoSmithKline Consumer Healthcare Ltd posted a 35% increase in profit after tax to Rup 264 M in 1Q 2005 from Rup 195 M in the same period in 2004. Sales also rose 7% to Rup...

Suven Life posts lower net in 4Q ended 31 Mar 2005.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Contract research and manufacturing company Suven Life Sciences Ltd recorded net profit of Rup 3.348 M in 4Q ended 31 Mar 2005. Turnover stood at Rup 191.3 M for the period....

RIL posts 62% rise in net in 4Q ended Mar 2005.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Reliance Industries Ltd (RIL) posted a 62% rise in net profit to Rup 22,920 M in 4Q ended Mar 2005 from Rup 14,190 M in the same period in 2004. The companys net turnover...

IPCL 4Q net more than triples.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Indian Petrochemicals Corp Ltd (IPCL) profit in 4Q ended 31 Mar2005 rose 289% to Rup 3360 M from Rup 990 M in the same period in 2004. Turnover was stagnant at Rup 26,430 M for...

MRPL 2004-05 net up 85% at Rup 8500 M.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Mangalore Refinery and Petrochemicals Ltds (MRPL) net profit rose 85% to Rup 8500 M in FY 2004-05 from Rup 4590 M in the previous year. The estimated unaudited financial...

Glenmark Laboratories merges operations with Tasc Pharma.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Glenmark Laboratories and Tasc Pharma have merged their operations to form a single organization valued at Rup 12,000 M. An official of Glenmark Labs noted that the combined...

Tata Chem to buy 33% in Morocco firm.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Tata Chemicals will acquire a 33% interest in Morocco-based Indo Maroc Phosphore for Rup 1660 M. The $144 M (around Rup 6200 M) Indo Marocs joint venture proponents, Chambal...

Janssen Pharma plans more tie-ups in India.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Belgium based Janssen Pharmaceutica intends to form marketing and production alliances for pharmaceutical products in line with its plan to boost its presence in India. A...

Jubilant to buy 75% equity in US generics co.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Jubilant Organosys has inked a memorandum of understanding to buy a 75% interest in an unnamed generic company in the USA for an undisclosed amount. The companys board also...

Indo Gulf Fertilisers reports fall in net profits in quarter ended Mar 2005.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Indo Gulf Fertilisers Ltds (IGFL) net profit declined to Rup 149.1 M for the quarter ended 31 Mar 2005 from Rup 272.7 M in the same period in 2004. Net sales/income from...

Manali Petrochem net zooms; skips dividend.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Manali Petrochemical Ltd increased its net profit by almost 11-fold to Rup 234 M in 2004-05 from Rup 20.5 M in the same period in 2004. The companys turnover rose 17% to Rup...

Rashtriya Chem net drops 9% in 4Q ended 31 Mar 2005.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Rashtriya Chemicals and Fertilizers Ltd has reported an annual dividend of 14% as it posted a 9% drop in net profit in 4Q ended 31 Mar 2005. The companys net in the quarter...

Titanium dioxide industry. [4 figures].
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Nearly 80% of titanium dioxide global production is attributed to the top 6-8 producers in the world. Global installed capacities are expected to be in the range of 4500-5000...

DCM Shriram 4Q ended 31 Mar2005 net up 64%.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) DCM Shriram Consolidated Ltds (DSCL) net profit rose 64% to Rup 394.4 M in 4Q ended 31 Mar 2005 compared to the previous year. The companys sales for the period rose 59% to Rup...

DSM focuses its vitamin C production in Dalry, UK.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) DSM Nutritional Products will close its plant for bulk ascorbic acid (vitamin C) in Belvidere, NJ as it consolidates its production of the product in Dalry in the UK. The...

DSM Venturing invests in cleaner-burning fuel additives through ORYXE Energy.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) DSM Venturing reported that it acquired a share interest in Irvine, CA based ORYXE Energy International, which has developed a new additive technology that lowers toxic...

Chemicals expansion is key markets.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Akzo Nobel is boosting its business interests in Sweden, including a capacity increase at the expanding Stenungsund ethylene mines production facility and the establishment of...

Indo Gulf Fertilisers Ltd posts net profit of Rup 149.1 M in quarter ended 31 Mar 2005.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Indo Gulf Fertilisers increased its net profit to Rup 149.1 M in the quarter ended 31 Mar 2005 from Rup 272.7 M in the same period in 2004. The companys net sales/income was...

Solvay to launch sodium bicarbonate production in Germany.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Solvays Bernburg plant in Germany will commence production of sodium bicarbonate at the end of 2005. The new unit, which will have a nominal capacity of 100,000 tonnes/y, will...

Vanavil Dyes declares 20% dividend in 4Q 2005.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Vanavil Dyes and Chemicals Ltd reported a 20% dividend as it increased its net profit to Rup 450.3 M in 4Q ended 31 Mar 2005 from Rup 187.3 M in the same period in 2004. The...

Existing plants expanded and investment in China accelerated.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Bayer MaterialScience AGs global production capacity for Makrolon is being increased. The capacity of the companys world-scale plants were already increased in 2004. A total of...

Pure Bioscience in development and distribution agreement with Ciba Specialty.
May 31, 2005... (From Chemical Business NewsBase - Chemical Business (India)) Pure Bioscience has granted a licence to Ciba Specialty Chemicals to market and sell its silver dihydrogen citrate (SDC) antimicrobial under a development, promotion,...