Page 40 - Manufacturing Industry

Canada's CDPQ to buy minority stake in TVS Logistics for Rs 1000 cr

Following this transaction, existing investors Goldman Sachs and KKR will fully exit their investments in TVS Logistics

Ceat launches 'Puncture Safe' tyres for two wheelers

The company will roll out the new range of tyres, currently available only in Andhra Pradesh and Telangana, in the other markets in a phased manner

Evonik to collaborate with HP to develop plastic powder for 3D printing

The German specialty chemicals company has produced special plastic materials, which allow for the industrial production of high-tech components in using 3D printing technologies

Solvay to expand sulfone polymer capacity in India

Expansion is part of the company's strategy to raise the global production of its high-performance sulfone polymers by 35 percent in the US and Asia

Sun Pharma & ICGEB to jointly develop dengue vaccine

The pharma company will fund & support further development of a vaccine candidate developed by International Centre for Genetic Engineering and Biotechnology (ICGEB)

Uflex engineers thinnest PET AlOx speciality film for packaging

The film finds extensive use in manufacturing laminates used for packing food, beverages, pharmaceutical and medical products

BASF's German chemical complex catches fire resulting in death of two

Fires at Ludwigshafen site, triggered due to an explosion during work on a pipeline that carried ethylene and propylene product, has resulted in the shutdown of steam crackers

GE partners Tata Trusts to skill 10,000 youths in healthcare sector

While courses will be undertaken in GE Healthcare Institute in 25 cities, Tata Trusts will provide scholarships to deserving candidates

Four BRICS Biomed centres to be set up in India by 2025

BRICS-Biomed Consortium, which is also looking at promoting traditional herbal medicine from BRICS, will open these centres in Kanyakumari, Bangalore, Hyderabad and Delhi

J&K's first biotech park to be ready in 18 months

Currently, the project is through for construction at a budget of around Rs 100 crore in the first phase

Prevalence of infectious diseases to propel antibiotics market to reach $ 57 bn

Currently, the required antibiotic treatment is available only to one third of the infected population, thereby increasing the disease burden, says a Grand View Research report

Pokemon Go: Are AR games the new channel to drive footfalls in retail?

Mobile games might be fads and riding them to lure customers might be more hard work, but that is what is needed to get footfalls and to then creatively convert that into sales, says Alagu Balaraman

Finnish workwear service firm Lindstrom plans expansion in India

The company aims to double its national presence from 10 to 20 locations by 2020 as manufacturing activities gain momentum in the country

Countries agree to phase down harmful HFCs used in ACs

While more than 100 developing countries - which include China, Brazil, South Africa, etc -will freeze their HFC production and use by 2024, India will start a freeze in 2028

Rosneft and consortium led by Trafigura buy Essar Oil for $ 10.9 bn

Essar Group will also receive an additional Rs 13,300 crore ($ 2 billion) for the acquisition of Vadinar Port, which has storage and import-export facilities

India to collaborate with Germany to improve rail connectivity of ports

Two sides also held discussions on cooperation for developing vehicle scrapping capacity in India, wherein Germany can share eco-friendly technology for scrapping of old vehicles

Centre to build logistic hubs near ports to boost exports: Nirmala Sitharaman

The Commerce Ministry is also engaging with railways to cut down costs

Clariant eyes to tap personal care market with new ingredients

The company's Metamorphosis by Plantasens solution, coupled with its new trend guide BeautyForward, will aid brand owners develop futuristic personal care products

TERI to undertake study on climate change risks for PetroFed

The study will provide a comprehensive analysis of threats posed by climate change to oil & gas sector and will provide a way forward to tackle these challenges

Environment Ministry orders incineration of high GWP HFC-23

HFC-23, a potent greenhouse gas with Global Warming Potential (GWP) of 14800, is produced as a by-product of HCFC-22 manufacturing, and if vented out it is a threat to environment