Page 44 - Manufacturing Industry

Kilitch Drugs allotted land in Ethiopia to set up production facility

The company has been looking to expand its presence in Africa with plans to set up manufacturing facilities in Ethiopia and Burkina Faso primarily for nutraceuticals

Pfizer completes sale of 4 products to Piramal Enterprises

In May 2016, the US-based pharma major entered into an agreement with Piramal Enterprises to sell its four products for a total consideration of Rs 110 crores

Suven Life secures patents for CNS drug in India and Japan

These patents are valid through 2026 and 2032 in India and Japan, respectively

India inks pact with ISA for exploration of polymetallic sulphides

By signing the 15-year contract with the International Seabed Authority (ISA), India's exclusive rights for exploration of PMS in the Indian Ocean will be formalised

Govt to set up agencies for aquaculture and fisheries in coastal states

The government to also allocate additional Rs 1500 crore under the Merchandise Exports from India Scheme (MEIS) to give boost to exports of marine products

Rain Industries opens waste heat recovery based power plant

The heat recovery from the flue gases will not only save large quantities of fossil fuels but also substantially reduce the cost of power generation for the company

BASF eyes opportunities in Asia Pacific to propel future growth

The company aims to accelerate innovation in Asia Pacific and plans investments of around Euro 3.5 billion between 2016 and 2020 for expansion

Gamesa bags order for 50 MW wind power project from ReNew Power

The order entails the supply of 25 units of G114-2.0MW T106 turbine for the 50 MW project, which is scheduled for commissioning in March 2017, at Bijapur district in Karnataka

Lanxess acquires specialty chemical firm Chemtura for $ 2.5 bn

The deal will help Lanxess to strengthen its global position in additives, urethane and organometallics markets

Logistics: Opportunities galore for jobs creation, but challenges exist

With logistics becoming all-encompassing from SCM at the back end to last mile deliveries at the front end, companies have to equip employees with modern skillsets, says S Narayan

Germany's DST to design special vessels for National Waterway project

Inland Waterways Authority has signed a contract with DST to design vessels for NW-1 project that include development of waterway on the Ganga-Bhagirathi-Hooghly stretch

Growing demand for electronics products make a strong case for Make in India

However, lack of manufacturing ecosystem, inadequate infrastructure (power, roads, railways & port), complex taxation system, etc pose challenge to this, says Assocham-EY study

Bill Gates and Total invest in bio-chemicals maker Renmatix

This investment will help drive towards the first wave of Renmatix licensees building Plantrose-enabled bio-refineries in diverse global markets like Canada, India, Malaysia, US, etc

Syngene closes deal to buy Strand Life's bioinformatics platforms

The deal to boost Syngene's bioinformatics and data analytics capabilities

Archroma makes first ever textile dye from cotton plant residues

Developed in alliance with Cotton Incorporated, the patented technology addresses two key concerns of the textile industry - sustainability and traceability

L&T bags Rs 668-crore contract for high speed patrol vessels from Vietnam

It is the biggest export order given to a private Indian shipyard till date

Together for Sustainability initiative launched in India for chemical industry

Together for Sustainability (TfS), a joint initiative of leading global chemical companies, aims to improve sustainability practices within the supply chains of the chemical industry

Indian Oil and Gail pick up stakes in Adani Group's Dhamra LNG terminal

Meanwhile, CCEA gave its nod for capital grant of 40 percent, amounting to Rs 5,176 crores over 5 years, for Jagdishpur-Haldia and Bokaro-Dhamra Pipeline (JHBDPL) project

Israel's Bateman to provide technology for GACL's phosphoric acid project

Gujarat Alkalies and Chemicals Ltd (GACL) plans to set up a food grade phosphoric acid plant, having capacity of 21,000 TPA, with an investment of Rs 300 crore at Dahej, Gujarat

GNFC forms JV with Santosh Agrochem to set up purified wet lime facility

The facility, which will have capacity of about 345 MTPD, will be implemented in two phases through a JV company, Calciwell Chemtech, with an investment of about Rs 50 crore