Chemical Business Newsbase articles from September 2001, page 22

Chemical Business Newsbase archives from September 2001

GAZETA MERCANTIL: Brastubo to open new factory in Brazil in Sep 2001.
September 13, 2001... Brazilian steel and polyethylene tubing company Brastubo is to open a new factory in Sep 2001. The company recently acquired Webben, which produces tubing for telecommunications, with a view to expanding its 100 tonne/mo production in...

GAZETA MERCANTIL: Copene delays decision on debenture issue.
September 13, 2001... The Copene shareholders meeting scheduled for 10 Sep 2001 has been postponed until 24 Sep. At the meeting, shareholders will vote on a planned debenture issue to cover the debt of Copene, renamed Nova Camacari after its acquisition by...

GAZETA MERCANTIL: Support for accord between Repsol-YPF and Petrobras.
September 13, 2001... A High Court judge in Brazil has upheld the decision of the first jurisdiction Federal Court which, after granting an injunction against it, authorized the exchange of assets between Brazil's federal oil company, Petrobras, and...

LA TRIBUNE DESFOSSES: Michelin launches takeover bid for Stomil-Olsztyn.
September 13, 2001... Michelin has launched a EUR 64.8 M takeover bid for a 37.17% stake in the Polish tyre company Stomil-Olsztyn. The takeover bid handled by the commercial division of HSBC will give Michelin a majority controlling participation in the...

LA TRIBUNE DESFOSSES: Marionnaud Parfumeries extends its distribution network. [1 figure].
September 13, 2001... Marionnaud Parfumeries has extended its distribution network outside France with the acquisition of a further 53 retail outlets in Italy and 8 retail outlets in Spain. The group's retail outlets now total 501 in France and 273 in other...

BUSINESS LINE: Industrial Cables declared sick.
September 13, 2001... The Board for Industrial and Financial Reconstruction (BIFR) has declared Industrial Cables India Ltd (Industrial Cables) economically unviable and has appointed Industrial Development Bank of India as the operating agency to prepare a viable...

BUSINESS LINE: Anti-AIDS drugs to get excise, ST reliefs.
September 13, 2001... The Ministry of Health and Family Welfare has recommended to the Finance Ministry of the Government of India, and the State Governments to abolish excise duty and sales tax (ST) on anti-AIDS drugs. Consequently, the prices of anti- AIDS...

BUSINESS LINE: Aurobindo hones strategy for regulated markets.
September 13, 2001... The over Rup 10 bn Aurobindo Pharma Ltd (Aurobindo), has planned a detail strategy to tap the regulated and the non-regulated markets. As part of this strategy, the company proposes to invest and strengthen its R&D infrastructure to meet...

BUSINESS LINE: Pot-holes dot Orissa chrome ore plan.
September 13, 2001... The Orissa Government proposes to reserve 436.29 hectares of chromium orebearing area in the Sukhinda valley of Jajpur district for Orissa Mining Corp. The State Government has sent the proposal to the Government of India for approval....

BUSINESS LINE: Fake labels biggest threat for Asian Paints.
September 13, 2001... Paints manufacturer Asian Paints, which has targeted a turnover of $850 M by 2007, sees more threat from fake labels than from imports. The company is currently exporting to Bangladesh, as it proposes to set up a plant there.

BUSINESS LINE: Novartis: Take the medicine now.
September 13, 2001... Pharma manufacturer Novartis posted a net profit of Rup 91 M on net sales of Rup 1.024 bn for 1Q 2001-2002. This represents a 9% growth in sales as against the overall market growth of 8% during 1Q 2001-2002. The profitability is...

BUSINESS LINE: Automotive Tyres: Worn out from the ride.
September 13, 2001... The slowdown in the automotive sector, firm input prices and demand dry-up from the original equipment, replacement market and exports has affected the profitability of the Indian tyre companies. The bus and tyre segment, which accounts...

BUSINESS LINE: Getting a radial basis?
September 13, 2001... The Rup 97 bn Indian tyre industry has been affected by the slow down in the economy and the industrial sector. Radial tyres, which are 40-50% costlier than the conventional cross-ply tyres, are becoming popular in the passenger car...

BUSINESS LINE: Drive carefully: Rocky terrain ahead. [1 table, 2 figures].
September 13, 2001... The slowdown in the automobile sector and the increase in the cost of inputs have affected the profitability of major Indian tyre companies. Goodyear India incurred a net loss of Rup 242.6 M and Ceat incurred a loss of Rup 137.1 M for...

BUSINESS LINE: Raising exports to combat slowdown: Mr Philip Eapen, Executive Director, Marketing, MRF.
September 13, 2001... MRF has no plans to hike the cost of its tyres despite the increase in the cost of the key inputs like natural rubber and carbon black, according to the Executive Director, Marketing, of MRF, Mr Philip Eapen. MRF sees no threat from the...

KUNSTSTOFFE: PVC industry in Europe. Advances in recycling.
September 13, 2001... The European PVC industry is expanding the infrastructure for the recycling of PVC waste. A pilot plant started operation in Tavaux (France) for the energy recycling of PVC waste. The facility will process 1000 tonnes/y of PVC waste...

KUNSTSTOFFE: Honeywell builds new facility.
September 13, 2001... US company Honeywell plans to start up a new production facility for the propellant HCFC 245fa in Geismar, LA on 1 Jul 2002. Around 40-60 new jobs will be created. Honeywell already manufacturers several fluorine-based products at...

KUNSTSTOFFE: Albis/Schulmann/BASF. Partnership in e-commerce.
September 13, 2001... BASF launched its plastics portal for thermoplastics in Dec 2000. Albis Plastic in Hamburg (Germany) and A Schulman in Meudon-La-Foret (France) will take over the Europe-wide distribution of small volumes of engineering plastics, that are...

KUNSTSTOFFE: DKR. Environmental efficiency in recycling on the increase.
September 13, 2001... The efficiency of plastic recycling in Germany rose significantly in 2000. Deutsche Gesellschaft fuer Kunststoff-Recycling mbH (DKR) managed to reduce recycling costs for plastic packaging collected under the green dot scheme by 11% to...

KUNSTSTOFFE: BASF with new company structure.
September 13, 2001... German company BASF AG in Ludwigshafen changed its company structure under the motto Fit for the Future. In Jul 2001, 10 global business units started operations; 7 of them will build up product lines and 3 will concentrate on customer...

KUNSTSTOFFE: Bayer. Expansion in Asia.
September 13, 2001... German Bayer Group will invest around $6 bn to increase the proportion of turnover generated in Asia from 16% to 25% by 2010. Bayer aims to exceed the turnover of $4.6 bn achieved in 2000. Turnover in Asia increased by 13% to $1.23 bn...

KUNSTSTOFFE: Kuraray to double production capacities in Europe.
September 13, 2001... Japanese company Kuraray Co Ltd plans to expand its European production capacities at its subsidiary Eval Europe NV in Zwijndrecht in Belgium from 12,000 tonnes/y to 24,000 tonnes/y of ethylene vinyl alcohol polymers (EVOH). Kuraray...

KUNSTSTOFFE: Basell. Official retreat from India.
September 13, 2001... The joint project for the construction of a olefins/polyolefins complex at the site in Thane (India) of Basell (formerly Montell and Elenac) and National Organic Chemical Industries Ltd (Nocil) fell through. The decisive factor for this...

KUNSTSTOFFE: Roehm Formmassen inaugurates new technical centre for DVDs.
September 13, 2001... OK Media Disc Service GmbH & Co KG in Nortorf inaugurated a DVD customer centre for the business unit Roehm Formmassen of Degussa AG in Dusseldorf. The centre includes a production line which manufactures DVD5 and DVD9 from polymethyl...

KUNSTSTOFFE: Plastics industry in France. Turnover increase of 10% in 2000.
September 13, 2001... The French Plastic Processing Industry Association estimates the average growth rate at 10% for 2000. Total turnover by the plastic processing industry in France amounted to ca EUR 24 bn in 2000 (EUR 21.7 bn in 1999). The largest...

KUNSTSTOFFE: Omnexus. First transaction in Germany.
September 13, 2001... Omnexus, the global electronic marketplace for the plastics industry (www.omnexus.com), carried out its first commercial transaction in Germany at the end of Jul 2001. IBS Brocke GmbH & Co KG, a leading German injection moulding company,...

KUNSTSTOFFE: Distributors are expanding capacities. Investments are rising in the West and are decreasing in the East. [2 figures].
September 13, 2001... The level of investments by the plastic processing industry in W Germany increased by around 10% in 2000 and is forecast to rise less than 5% in 2000. Turnover and exports rose significantly but profitability has been affected by high...

KUNSTSTOFFE: Polyurethane market set for growth. Review of the 3rd international conference of the Polyurethane Moulding Materials Association. [3 figures].
September 13, 2001... Global demand for polyurethanes currently amounts to more than 8 M tonnes/y and demand in Europe amounts to almost 3 M tonnes/y with a rising trend. German Bayer Group estimates that global consumption of this material increased by ca...

THE STAR (MALAYSIA): Many herbal firms lack international certification.
September 13, 2001... There are over a thousand local herbal medicine producing companies in Malaysia, yet only 149 of them have been awarded Good Manufacturing Practice (GMP) certification. Such companies are being encouraged to obtain GMP certification from...

THE STAR (MALAYSIA): Germany's Schultz to invest Ringgit 230 M in Johor plant.
September 13, 2001... Schultz, the world's largest liquid safety tank manufacturing company, plans to build a Ringgit 230 M manufacturing plant in Johor early in 2002. The German company has identified potential sites, including areas in Pasir Gudang and...

THE STAR (MALAYSIA): Total export value this year expected to exceed Ringgit 390 bn.
September 13, 2001... Malaysia's Deputy International Trade and Industry Minister Datuk Kerk Choo Ting has said that the country's total export value for 2001 is likely to exceed Ringgit 390 bn, compared to Ringgit 320 bn in 2000 and Ringgit 220 bn in 1997,...

THE STAR (MALAYSIA): Sitt Tatt agrees to buy three Singapore chip firms for Ringgit 219 M.
September 13, 2001... Malaysia's Sitt Tatt Bhd plans to enter the semiconductor industry with the purchase of three semiconductor companies in Singapore for Ringgit 219.4 M. The company entered into an agreement on 10 Sep 2001 to buy the entire capital of...

HOSPODARSKE NOVINY: Colorlak raises proceeds.
September 12, 2001... Colorlak (Stare Mesto, Czech Republic), paints company, raised its proceeds by 9.4% to CEK 264 M year-on-year in 1H 2001. In 1H 2001 the company generated a profit of CEK 15.7 M. In 1H 2000 it saw a loss of CEK 1.8 M.

HOSPODARSKE NOVINY: Schwan Stabilo Cosmetics to build a new plant in Cesky Krumlov.
September 12, 2001... Schwan Stabilo Cosmetics CR (SSC) (Cesky Krumlov, Czech Republic), cosmetics company, plans to build a new CEK 532 M plant in Cesky Krumlov by 2002. The company has been awarded an investment incentive in the form of a CEK 265.6 M...

NEW SCIENTIST UK EDITION: Piggy patches: new wound repair material developed.
September 12, 2001... Tissue Science Laboratories, Hampshire, UK, has developed a durable material from pigskin which could one day repair wounds and injuries that cannot heal on their own. The material which is already being used to help skin heal, is made...

DAGENS INDUSTRI: Biovitrum owns gene that converts fat to muscle.
September 12, 2001... Biovitrum, Sweden, which was recently spun off from Pharmacia, has a patent for a gene that protects against obesity. The gene sequence was recently elucidated by a research team in Gothenburg working on Biovitrum's so-called FOXC2...

DAGENS INDUSTRI: Scanmining looks for more money.
September 12, 2001... Scanmining is proposing a new issue of up to 42 million shares to raise funds which will permit the establishment of an ore mine plus an enrichment plant at Blaiken, Sweden. This will be the country's biggest open-cast mine for zinc and...

DAGENS NAERINGSLIV: Statoil builds new storage hall at Mongstad.
September 12, 2001... Statoil and its partner Vestprosess are to build a new storage cavern for liquid propane at the Mongstad refinery in Norway. The existing storage hall was hit by a rock slide in 2000 and this led to ice formation and reduced storage...

NEUE ZUERCHER ZEITUNG: Asklia with high operating loss in 1H 2001.
September 12, 2001... Swiss Asklia Group in Bern (pharmaceuticals and medical technology) achieved a 2% rise in turnover to SFR 64 M in 1H 2001. However the company recorded an operating loss of SFR 12.6 M (minus SFR 2.4 M in 1H 2000). Asklia recorded a...

GAZETA MERCANTIL: Petrobras leads rankings in annual report.
September 12, 2001... Petrobras' annual report for 2000 earned it top place for its frankness and quantity of information, in ratings compiled by the Brazilian Association of Listed Companies (Abrasca). Itau received second place, followed by Aracruz,...

GAZETA MERCANTIL: Government extends price control on medicines until Dec 2002.
September 12, 2001... The Brailian government has extended its period of control of the price of medicines until 31 Dec 2002. The price controls had been due to end in Dec 2001. Ministers explained that the extension was deemed necessary in order to...

GAZETA MERCANTIL: Naphtha and taxes increase chemical sector trade deficit.
September 12, 2001... Market executives expect Brazil's chemical sector to suffer a trade deficit of R$7 bn in 2001, up from R$6.6 bn in 2000, due to the high price of naphtha and taxes. The Brazilian chemical industry association Abiquim is preparing a...

CHIMIE HEBDO: Air Liquide become sole shareholder in VitalAire Canada.
September 12, 2001... Air Liquide has increased its stake in VitalAire Canada to 100% with the acquisition of Associated Respiratory Holdings' 30% stake in the company for an undisclosed sum. In 2000 VitalAire Canada made a EUR 77.45 M turnover. The group...

CHIMIE HEBDO: Messer Griesheim GmbH sells medical care division to Air Products.
September 12, 2001... Air Products recently acquired Messer Griesheim's home medical care division for an undisclosed sum. The division employs 80 people in providing medical equipment and oxygen for the home care of 30,000+ patients. The acquisition...

CHIMIE HEBDO: Medical research: artificial skin with high cancer risk.
September 12, 2001... French researchers have created human skin with a high cancer risk from small skin samples collected from patients by a team from the CNRS-Villejuif research laboratory into genetic instability and cancer. They used an in vitro culture...

CHIMIE HEBDO: Zyvox opens the way to new class of antibiotics.
September 12, 2001... Versicor and Pharmacia recently obtained the US Food and Drug Administration's approval for Zyvox (linezolid), the 1st of a new class of synthetic antibacterial agents (the oxazolidinones). The compound was developed using combination...

CHIMIE HEBDO: A titanosilicate for separating gases of similar size.
September 12, 2001... Researchers with US group Engelhard recently developed a molecular sieve capable of separating gases of very similar size. The sieve is made of a microporous titanosilicate and the size of its pores is temperature controlled.

CHIMIE HEBDO: BP reduces maintenance work closures at Grangemouth unit.
September 12, 2001... BP has significantly reduced the number of times its unit in Grangemouth, Scotland needs to close for maintenance work by replacing its bronze/polytetrafluoroethylene pump bearings with carbon fibre-reinforced Victrex polyether ether ketone...

CHIMIE HEBDO: French chemicals production in Feb-Apr 2001.
September 12, 2001... A table gives monthly figures for chemicals production in France in Feb-Apr 2001. Products are grouped by sector (basic inorganic chemicals, nitrogenated products and fertilizers, industrial gases, basic organic chemicals, basic plastic...

CHIMIE HEBDO: Pharmaceuticals: Roche denies rumours of talks with Bayer.
September 12, 2001... Roche has categorically denied it is negotiating the acquisition of Bayer. The group issued its statement after rumours circulated in New York claiming that Roche had made a $20 bn takeover bid on its German rival. Bayer is believed...

CHIMIE HEBDO: Bayer on the defensive again.
September 12, 2001... In an interview with the Quotidien du Medecin, Bayer Pharma's managing director declared the group's decision to withdraw cerivastatin (Lipobay/Baycol) from the market was an ethical and responsible one. However he believed that the drug...

BUSINESS LINE: Scrip price rise: No action against Binani Zinc.
September 12, 2001... The Finance Minister has stated that the Securities and Exchange Board of India (SEBI) has not taken any action against the Kolkata-based Binani Zinc Ltd, as SEBI did not find any unfair practice in the complaints against the company. ...

BUSINESS LINE: Asian Paints to install more tinting machines; to go in for capacity expansion.
September 12, 2001... Asian Paints India Ltd (Asian Paints) has decided to install an additional 650 tinting machines at its dealers by Apr 2002, taking the total number of its tinting machines to 2750. The company, which has spent Rup 900 M to Rup 1 bn on the...

BUSINESS LINE: Reckitt Benckiser to push Disprin brand.
September 12, 2001... Reckitt Benckiser India Ltd (Reckitt Benckiser) is scheduled to introduce Disprin CV containing 100 mg aspirin priced at Rup 0.14/tablet, as a prescription drug in the Indian cardiovascular segment by end Sep/Oct 2001. Recently, the...

BUSINESS LINE: Orissa for cancelling lease of chromite mines to private company.
September 12, 2001... The Orissa Government will suggest the Government of India cancel the lease of chromite mines covering 84 hectares in Bhimtangar area of Jajpur district sanctioned to Nav Bharat Ferro Alloys Ltd and reserve the entire 436.29 hectares of...

BUSINESS LINE: Reliance Petro may export to S Asia.
September 12, 2001... Reliance Petroleum Ltd (Reliance Petro) may export the refined products to South Asian countries after it completes its refinery expansion plans. The company plans to increase the capacity of its 27 M tonnes/y Jamnagar Refinery in...

BUSINESS LINE: Oriflame now 100% arm of parent.
September 12, 2001... The Sweden-based Oriflame International SA has acquired the remaining 15% stake in its subsidiary, Oriflame India Ltd (Oriflame), from the export company Rollscon, thereby making Oriflame a 100% subsidiary of the company. The Swedish...

BUSINESS LINE: Slowdown a challenge for Colgate-Palmolive.
September 12, 2001... Colgate-Palmolive (India) Ltd (Colgate-Palmolive) has taken several measures to combat the effects of economic slowdown in the industry. The company has upgraded its SAP's enterprise resource planning system to reduce the cost and improve...

BUSINESS LINE: Government clears copper joint venture company.
September 12, 2001... The Government of India has given clearance to International Copper Promotion Council (India), to increase the usage of copper to raise energy efficiency of motors in India. International Copper Promotion Council (India) is joint venture...

BUSINESS LINE: Balco: SC not to go into correctness of valuation.
September 12, 2001... The Supreme Court (SC) has ruled that it would not examine the correctness of the valuation of the assets of Balco before the Government of India divested its 51% stake in the company to Sterlite Industries for Rup 5.515 bn. The ruling...

BUSINESS LINE: Move by Iffco, Kribhco to 'return' shares: 'Redemption of Government equity in Co-operatives must be made obligatory'.
September 12, 2001... The Parliamentary Standing Committee on Agriculture has recommended redemption of Governmental equity in co-operatives to be made obligatory, if the co-operatives so desires. The move is likely to benefit the two fertilizer majors, Indian...

BUSINESS LINE: IOC seeks to export petro products to Pakistan.
September 12, 2001... Indian Oil Corp (IOC) has sought clearance from the Government of India to export petroleum products, especially diesel, to Pakistan, and to negotiate with Bangladesh and Sri Lanka for export of surplus petro products. The sales of...

BUSINESS LINE: Dr Reddy's files application for ondansetron.
September 12, 2001... Dr Reddy's Laboratories Ltd (Dr Reddy's) has filed an abbreviated new drug application with the US Food and Drug Administration for the anti-emetic drug, ondansetron 4 mg, 8 mg and 24 mg tablets. Ondansetron is the generic version of the...

BUSINESS LINE: Zydus Cadila set to enter Philippines.
September 12, 2001... Zydus Cadila is all set to foray into the Philippines market, following the approval of GMP certification from the Philippines Bureau of Foods and Drugs. The company proposes to export oral solids, oral liquids and small volume...

BUSINESS LINE: Pharma consortium seeks local production of patented drugs.
September 12, 2001... The consortium of eight leading Indian pharma companies, Indian Pharmaceutical Alliance (IPA), has urged the Department of Chemicals and Petrochemicals to enforce local manufacturing under 'compulsory licensing' with respect to the patented...

BUSINESS LINE: Nagarjuna Fert to merge into Nagarjuna Corp; Rup 10 bn debt revamp cleared.
September 12, 2001... The board of Nagarjuna Fertilisers and Chemicals Ltd (Nagarjuna Fert), part of the Rup 15 bn Nagarjuna group, has approved a resolution to merge the company into Nagarjuna Corp Ltd, the new flagship of the group. The merger is aimed at...

BUSINESS LINE: IOC market share touches 54%.
September 12, 2001... Indian Oil Corp (IOC) has increased its petroleum products market share to 54% during Jul 2001 as against its market share of 53.5% in Jul 2000. IOC sold 3.856 M tonnes of petroleum products as against the total industry sale of 7.147 M...

BUSINESS LINE: IOC tenders to buy naphtha.
September 12, 2001... Indian Oil Corp (IOC) has reissued the naphtha import tender seeking four to five 5500-tonne cargoes to be delivered into the west coast of India between mid-Sep 2001 and mid-Oct 2001.

BUSINESS LINE: BPCL refloats fuel oil sale tender.
September 12, 2001... Bharat Petroleum Corp Ltd (BPCL) has reissued the tender to sell 25,000 tonnes of maximum 3.5% sulfur for lifting from Kochi during 24-28 Sep 2001. BPCL did not award the previous tender, as the bids were low.

BUSINESS LINE: Nalco to complete most projects by May 2002.
September 12, 2001... National Aluminium Co (Nalco) proposes to complete most of its Rup 45 bn expansion projects by May 2002. The company started work on expansion projects of its alumina refinery and bauxite mines in 1996, and that of aluminium smelter and...

BUSINESS LINE: Dropping Anchor in FMCGs.
September 12, 2001... Having successfully entered the toothpaste market in 1998 and captured 10% market share, Anchor Health & Beauty Care Pvt Ltd (Anchor Health) has embarked on penetrating the fast moving consumer goods (FMCG) sector through a series of new...

BUSINESS LINE: Homeopathic cure: Dr Willmar Schwabe Arzneimittel launches new drug.
September 12, 2001... The Indian division of Dr Willmar Schwabe Arzneimittel has introduced Aesculus Pentarkana, a homeopathic drug for treatment of piles, in 30 ml bottles priced at Rup 75. The new drug is available at all homeopathy pharmacies, selected...

BUSINESS LINE: 'Urgent steps needed to tackle oil pool deficit'.
September 12, 2001... The Union Minister for Petroleum and Natural Gas has stated that the tariff fixation and oil pool deficit were the key issues to tackled before complete dismantling of the administered pricing mechanism (APM) in the oil sector by 31 Mar 2002....

BUSINESS LINE: Tyre exports rise 24.96% in 1Q 2001-2002.
September 12, 2001... Tyre exports by Automotive Tyre Manufacturers' Association recorded a 24.96% increase at Rup 2125.2 M for 1Q 2001-2002 as against its exports of Rup 1700.7 M in 1Q 2000-2001. Truck and bus tyres contributed 71% of the exports in volume...

BUSINESS LINE: Sigma to start production in Sep 2001.
September 12, 2001... Automobile rubber parts manufacturer, Sigma Corp (India) Ltd (Sigma), will start production of damper and valve stem seals from Sep 2001. Sigma, which is a joint venture with Feudenberg of Germany and NOK of Japan together holding 50%...

BUSINESS LINE: FIs okay debt revamp package for DCL Poly; to be renamed Orange Polyesters.
September 12, 2001... The Hyderabad-based Rup 3.04 bn DCL Polyesters Ltd (DCL Poly) has received considerable reliefs and concessions from the financial institutions (FIs) with the clearing a restructuring package by FIs. The restructuring would involve...

BUSINESS LINE: Grasim to hike cement capacity.
September 12, 2001... Grasim Industries Ltd (Grasim), the flagship company of Aditya Birla group, is all set to hike its cement capacity to 15 M tonnes/y from the current 11 M tonnes/y by 2003. The company has introduced Birla Plus, a new brand of cement,...

BUSINESS LINE: Apollo eyes 25% rise in sales riding on radials.
September 12, 2001... Apollo Tyres Ltd (Apollo) has projected a 25% increase in its volume for 2001-2002, in spite of flat demand, due to the growing sales from its radial tyres in the replacement market. With aggressive pricing and the decision to make radial...

BUSINESS LINE: Essel Propack profit-after-tax at Rup 141.8 M for quarter ended Jun 2001.
September 12, 2001... Essel Propack Ltd, as per its consolidated global revenue statement, has posted a profit-after-tax of Rup 141.8 M on total income of Rup 994.5 M for the quarter ended Jun 2001 as against its profit-after-tax of Rup 93.9 M on total income of...

BUSINESS LINE: Joint-free tiles from H&R Johnson.
September 12, 2001... H&R Johnson (India) Ltd (H&R Johnson) is all set to introduce Porselano, a joint-free porcelain tiles, by the end of Sep 2001 in Mumbai, Bangalore, Chennai, Calicut, Delhi, Kolkata and Ahmedabad. H&R Johnson has targeted sales of Rup...

BUSINESS LINE: Mega Lube oils market with new range.
September 12, 2001... Mega Lube of South Africa has decided to foray into the Indian lubricants market through Mega Lube India by launching range of products including engine oils, grease, injector cleaner and interior polishers. Mega Lube India, a 75:25 joint...

BUSINESS LINE: Zinc production up in Jul 2001.
September 12, 2001... India produced 18,335 tonnes of zinc production during Jul 2001 as against its targeted 15,570 tonnes and production of 15,820 tonnes in Jul 2000. During Jul 2001, Hindustan Zinc Ltd produced 15,748 tonnes of zinc as against its targeted...

BUSINESS LINE: Court frees 7 drugs from price control.
September 12, 2001... A Mumbai Court has ruled that the antiinfectives - norfloxacin, ciprofloxacin, doxycycline and cloxacillin, the antidiabetic - gliplizide and the antiasthmatics - theophylline and salbutamol - have been wrongly included in the...

BUSINESS LINE: Import registration norms for foreign drug firms.
September 12, 2001... The Ministry of Health and Family Welfare has amended the Drugs and Cosmetics Rules, making it mandatory for foreign drug manufacturers to register their manufacturing premises and the individual drugs they plan to import to India. The...