Page 101 - B2B Connect

Mahindra buys 35% stake in Finnish farm equipment maker Sampo Rosenlew

Through this transaction, which marks M&M's foray into global combine harvester business, two companies aim to take Sampo's combine harvesters to new markets globally, including India

Adani ropes in Alpha Design and Israel's Elbit for unmanned aircraft systems

The companies plan to create a tiered vendor base for supporting, indigenisation and localisation requirements and seeks to set up a final assembly line for unmanned aircraft systems

Reliance Defence forms JV with Israel's Rafael for missiles & defence systems

JV, which will set up manufacturing unit at Pithampur (MP) with an initial capital outlay of more than Rs 1,300 crore, will focus on air-to-air missiles, air defence systems and large aerostats

Ceat commissions Buti Bori tyre plant in Maharashtra

Built with a capacity to manufacture 15 MT per day in the first phase, the plant is expected to manufacture 1.2 million tyres when fully operational

CNOOC and Shell to expand petrochemical complex in China

The project includes new ethylene cracker and ethylene derivatives units, and a styrene monomer and propylene oxide (SMPO) plant

Synthomer acquires Hexion Performance Adhesives & Coatings for $ 226 mn

The acquisition of Hexion PAC significantly strengthens Synthomer's position in the global dispersions and additives market, particularly in the US and Asia

A Schulman to build masterbatch plant in France

The company plans to expand masterbatches capacity at Givet site to meet the growing demand in France and other European countries

Teijin to invest Yen 1.5 bn to set up para-aramid fibre plant in Japan

The company will begin construction of the new plant in June this year and aims to start operation from October 2017

Plastiblends begins production at Surat masterbatches plant

Early this month, the company, which has been augmenting the manufacturing capacity of masterbatches, announced its plans to build a plant in West Bengal to tap the Eastern region

Honeywell joins hand with Navin Fluorine to make auto refrigerant in India

As per the deal, Honeywell will license its proprietary technologies to produce the refrigerant to Navin Fluorine, which will manufacture Solstice yf in India exclusively for Honeywell

Yokohama Rubber buys Alliance Tire for $1.2 bn

The acquisition of off-highway tyre maker ATG will strengthen Yokohama Rubber's product line-up in commercial tyres

Zydus acquires Actibile brand from Albert David

The acquisition is expected to strengthen Zydus Group's presence in gastroenterology segment

Panacea Biotec launches prostate cancer drug Cabapan

Cabapan has been developed by Panacea Biotec's global research and development center located at Mumbai

Jubilant Innovation to receive upfront payment $4.6 mn from venture funding

It will also receive contingent payments up to $ 18 million from its 10% interest as a limited partner in one of the venture funds specialised in investing in early stage drug discovery firms

Dr Reddy's enters into licensing pact for XenoPort's under-trial psoriasis drug in US

As per the agreement, XenoPort will receive a $47.5 million up-front payment and an additional $2.5 million for transfer of certain clinical trial materials to Dr Reddy's Laboratories

Aurobindo Pharma receives US FDA nod for rivastigmine capsules

The approved product, rivastigmine tartrate capsules, is generic version of Novartis' Exelon and has an estimated market size of $ 26.7 million

Biocon receives regulatory approval for insulin glargine in Japan

With this approval, Biocon aims to capture a significant share of the Japanese glargine market of $ 144 million, which is the second largest market outside of North America & Europe

Smith & Nephew to launch Blue Belt's Navio surgical system in India

Smith & Nephew intends to expand the Navio platform into total knee, bi-cruciate retaining knee and revision knee implants

Sun Pharma buys Novartis' 14 brands for $ 293 mn in Japan

With the acquisition of these brands, which have combined annualised revenues of approximately $ 160 million, Sun Pharma enters Japanese prescription market

Tata Chemicals to temporarily shut down Babrala fertiliser plant

The company has decided to the shutdown, started from March 22, 2016, for carrying out maintenance