Page 39 - Manufacturing Industry

Glenmark receives US FDA's nod for antifungal cream

The company has received final approval for nystatin and triamcinolone acetonide cream (100,000 units per gm and 1 mg per gm)

Deal making in food and agri-businesses hits 5-yr low in 2016

According to VCCEdge Funding Insights, fall in food tech and online grocery deal value has resulted in 62 PE deals worth only $ 250 million during the year in the food and agri space

Gulf Oil Lubricants plans to start production from Chennai plant in Oct 2017

The company is in process of setting up the lubricants plant having annual capacity of 40,000-50,000 kilo litre (KL)

Lanxess India inks pact to upgrade civil hospital's facilities in Nagda

As per the three-year agreement, the German specialty chemicals firm will contribute towards the upgradation of the existing facilities of the hospital

IIIM-CSIR opens cGMP plant in Jammu for phyto-pharmaceuticals

The CGMP facility will help in extraction, formulation and packaging of medicinal plant based phyto-pharmaceutical drugs

Huhtamaki PPL to set up plants for flexible packaging and labels in NE India

The company will spend Rs 65 cr to build manufacturing facilities for flexible packaging and labels at Assam and Sikkim respectively. It will also relocate its labels plant in Navi Mumbai

Kribhco and Morocco's OCP to set up $230 mn fertiliser plant in AP

The greenfield plant, located at Krishnapatnam (Andhra Pradesh), will have an annual production capacity of 1.2 million tonne (MT) of NPK fertilisers

Retail cold chain: Will it work in India?

High operating cost of cold storage - $ 60 per cubic meter in India compared to $ 30 in the west - is one of the major roadblocks for the sector's growth, says Alagu Balaraman

Indian manufacturers must gear up to face Chinese challenge: Anant Geete

According to the minister, domestic industry should be ready to face cut-throat competition across the world and also from latest technologies of automation and robotics

Fire at Deepak Nitrite's manufacturing facility in Roha

Fire broke out early morning today at one of the distillation columns of the facility located in Roha (Maharashtra)

RIL's petrochemicals biz records revenue of Rs 22,422 cr in Q2 FY17

Rise in refining, petrochemical and retail businesses volumes helps Reliance Industries to increase turnover by 9.6% to Rs 81,651 cr in Q2 2016-17

Canadian Solar buys 49% stake in Suzlon's two solar projects

With this deal, Canadian Solar, which will acquire stakes in two solar projects of 15 MW each located in Telangana, will enter into Indian solar energy space

Suzlon opens rotor blade manufacturing unit at MP for wind energy sector

The unit at Badnawar (Ratlam) will manufacture rotor blades for its latest S111 2.1 MW turbines and have annual manufacturing capacity of 400 MW

HCL buys US-based Butler Aerospace for $ 85mn

With this acquisition, HCL strengthens its position in the aerospace and defence engineering services space

Manufacturers have to give details of emission levels for vehicle

From April 1, 2017, the manufacturers will have to give detailed declaration about the emission levels of the vehicle they have manufactured

India's rooftop solar capacity reaches 1,020 MW

OPEX model, where a third party developer finances and installs the system on rooftop owner/consumer's premises and sells all power output to him, takes hold in India, says Bridge To India

NICPR and All India Institute of Ayurveda ink MoU for cancer research

The two sides will set up a Center of Integrative Oncology at Noida centre of National Institute of Cancer Prevention and Research (NICPR)

Reliance to shutdown FCC unit in Jamnagar refinery for maintenance

The shutdown, which will start from the second week of November 2016 for about 5 weeks, will provide an opportunity to carry out a revamp job in one of the polypropylene units

Thirumalai Chemicals plans expansion in India and Malaysia

Through these expansion projects, the company will increase capacity of phthalic anhydride, maleic anhydride, food ingredients, fine chemicals, etc

Large scale imports of APIs from China worries Indian pharma industry

Overwhelming dependence on China for crucial active pharmaceutical ingredients (APIs) and intermediates has emerged as a main worrying area, as per the Assocham-RNCOS study