Page 102 - B2B Connect
Jindal Steel opens 1.4 MTPA rebar mill in Oman
Considering the 15 MTPA rebar consumption in GCC countries, the 1.4 MTPA mill will strengthen Jindal Steel's position in the construction sector of the region
 "Jindal Steel opens 1.4 MTPA rebar mill in Oman")
Sun Pharma partners AstraZeneca to sell diabetes drug dapagliflozin in India
Under the agreement, both companies will promote, market & distribute dapagliflozin in India under different brand names, while AstraZeneca will retain the IPRs to dapagliflozin
 "Sun Pharma partners AstraZeneca to sell diabetes drug dapagliflozin in India")
Sherwin-Williams buys Valspar for $ 11.3 bn
With this acquisition, Sherwin-Williams significantly expands position in Asia-Pacific & EMEA coatings markets, and extends capability set into packaging & coil with leadership positions
 "Sherwin-Williams buys Valspar for $ 11.3 bn")
Dechra acquires US-based pet pharma firm Putney for $ 200 mn
The acquisition of Putney will significantly strengthen the UK-based Dechra's position in the US and will provide high quality FDA approved veterinary products and strengthen its pipeline
Cipla hikes stake in US-based Chase Pharmaceuticals to 16.7%
Mumbai-based pharma major has invested additional $ 3 million to raise the stake in Chase, in which Cipla had invested $1.5 million in May 2014 to acquire 14.6% stake
 "Cipla hikes stake in US-based Chase Pharmaceuticals to 16.7%")
Orchid Pharma gets shared 180-day exclusivity rights for Parkinson's drug in US
This was possible after the company received final approval for the drug, rasagiline mesylate tablets (0.5 mg and 1 mg), from US drug regulator
 "Orchid Pharma gets shared 180-day exclusivity rights for Parkinson's drug in US")
Glenmark receives tentative approval from US FDA for locosamide oral solution
Locosamide oral solution, used for treating epilepsy, is the generic version of UCB Inc's Vimpat, the patent of which is scheduled to expire on March 17, 2022
 "Glenmark receives tentative approval from US FDA for locosamide oral solution")
US FDA gives EIR to Torrent Pharma's Dahej plant
Dahej plant, which earlier received approval from EU Germany, was set up by Torrent to cater mainly to the regulated international markets like US, Brazil, Germany etc
 "US FDA gives EIR to Torrent Pharma's Dahej plant")
Saudi Aramco and Shell to separate Motiva assets in US
As per agreement, Saudi Aramco will retain Port Arthur refinery, while Shell will assume sole ownership of the Norco & Convent refineries in Louisiana
NRL dispatches rail consignment of high speed diesel to Bangladesh
The goodwill rail rake consignment for supply of 2200 MT (2700 KL) HSD of BS III Grade with 350 PPM sulphur content
IOCL starts work on Octamax unit at Mathura refinery
Octamax unit is result of Indian Oil's in-house R&D effort and will manufacture products of BS VI standard
 "IOCL starts work on Octamax unit at Mathura refinery")
Indian Oil Corp inks pact with 3M for auto care centres
Auto care centres, to be established at IOCL outlets, will not only provide car/bike detailing services but would also sell vehicle care products
 "Indian Oil Corp inks pact with 3M for auto care centres")
Dhanuka Agritech gets licence to manufacture insecticides
The company will manufacture agrochemicals in Rajasthan
BASF uses biomass route to make binders for paints
For this, the company replaces fossil raw materials with renewable feedstock at the beginning of the production process
 "BASF uses biomass route to make binders for paints")
Suzlon wins 81 MW turnkey orders for wind power projects
The orders have been received from customers representing SMEs across diverse industry segments including food and agro, textiles, chemical, real estate and engineering
 "Suzlon wins 81 MW turnkey orders for wind power projects")
Biocon ties up with Mexico's PiSA to tap insulin market in US
Through this collaboration, Biocon will introduce its rh-insulin product to address the $ 2 billion market opportunity in the US
 "Biocon ties up with Mexico's PiSA to tap insulin market in US")
Crompton Greaves bags Rs 236 cr order in Indonesia
As per the contract, awarded by PT PLN, CG will manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated voltage 500 kV/150 kV
 "Crompton Greaves bags Rs 236 cr order in Indonesia")
Allcargo to set up logistics park in Haryana
The proposed logistic park, which will be in close proximity to dedicated freight corridor, is expected to be operational by 2018
Gamesa India enters Sri Lankan solar power market with maiden order
Under this contract, awarded by Laugfs Power Limited, Gamesa will provide complete turnkey EPC solutions for the 20 MW photovoltaic solar plant in Hambantota province, Sri Lanka
 "Gamesa India enters Sri Lankan solar power market with maiden order")
Manufacturing attracts investments worth about Rs 33 lakh cr
Metal & metal products accounted for almost half (48%) of the total investments followed by chemicals & chemical products (24%), machinery (8%), transport equipment (7%), etc, says a Assocham
 "Manufacturing attracts investments worth about Rs 33 lakh cr")