Page 136 - B2B Connect
Aijaz Tobaccowalla resigns as Pfizer India MD
S Sridhar, executive director, business unit and distribution head, appointed as temporary head till successor is appointed to Tobaccowalla
Cabinet gives nod to set up 3 new AllMS in Maharashtra, AP & WB
The government will spend Rs 4949 crore, under the Pradhan Mantri Swasthya Suraksha Yojna, to build the new All India Institutes of Medical Sciences (AllMS)
 "Cabinet gives nod to set up 3 new AllMS in Maharashtra, AP & WB")
Unichem Labs receives US FDA nod for asthma drug montelukast tab
The product will be commercialised from Unichem's Goa plant
French firm Bluestar Silicones inks distribution pact with Aditya Birla Group
Grasim Industries Ltd, a flagship company of Aditya Birla Group, will become a major distributor for Bluestar's full range of silicone products in the country
 "French firm Bluestar Silicones inks distribution pact with Aditya Birla Group")
US-based Axalta expands coatings capacity in India to supply auto OEMs
The company will double production capacity and establish coatings development laboratory at Savli, Gujarat
 "US-based Axalta expands coatings capacity in India to supply auto OEMs")
Delhi HC retrains Glenmark from selling two diabetes drugs
The court has restrained Glenmark from selling two diabetes drugs - Zita and Zita-Met - as the company has infringed MSD's patent on the main ingredient, Sitagliptin
Baba Ramdev's Patanjali Ayurved joins hand with Future Group
Future Group will set up an office for storing the goods of Patanjali Ayurved in Haridwar to market and distribute ayurvedic products in modern trade through all its food-led formats
 "Baba Ramdev's Patanjali Ayurved joins hand with Future Group")
Air Liquide to invest Euro 80 mn for building air separation units in China
As per the contract with Yanchang Petroleum, Air Liquide will supply air gases including oxygen and nitrogen through the new ASUs, which will have capacity of 2,800 tonnes of oxygen per day
 "Air Liquide to invest Euro 80 mn for building air separation units in China")
BASF and SINOPEC inaugurate China's first isononanol plant
The plant will produce 180,000 metric tonnes of isononanol, which is used in making high molecular weight phthalate plasticiser
 "BASF and SINOPEC inaugurate China's first isononanol plant")
Kandla Port allocates additional land to Aegis Logistics
With this, the Kandla Port Trust has allocated 20 acres of land, which will be leased to Aegis Logistics for a period of 30 years
 "Kandla Port allocates additional land to Aegis Logistics")
SABIC reforms organisational structure to better meet customer needs
As a result of this reorganisation, the Innovative Plastics SBU will cease to exist with the products from this SBU to be transferred to other SBUs - Specialties, Chemicals and Polymers
BASF to set up emollients and waxes plant in China
Expansion is aimed at meeting the rising demand in Asia Pacific personal care market
Market share of major ports in fertiliser import increases for first time in 6 yrs
After reaching a peak at 67.30% in FY 2008-09, the market share of major ports in handling fertiliser has been declining over the last 6 years. The turnaround came in FY 2014-15
 "Market share of major ports in fertiliser import increases for first time in 6 yrs")
Aided by chemicals industry naphtha market to reach $237 bn in 2019
However, the market may face growth limits owing to the volatile crude oil prices and the abundant availability of cheaper alternatives such as LPG and shale gas, says Transparency Market Research
 "Aided by chemicals industry naphtha market to reach $237 bn in 2019")
Superior Plus to acquire chlor-alkali maker Canexus
The company will enhance and expand the specialty chemicals platform of Superior Plus
Man Industries bags orders worth Rs 700 crore
With these new orders, the outstanding order book as on date stands approximately Rs 1,300 crore to be executed over a period of 6 to 8 months
 "Man Industries bags orders worth Rs 700 crore")
ReNew Power awards 40 MW wind power project to Gamesa
As per the order, Gamesa will deliver 20 G97-2.0 MW wind turbines for the project to be located at Lingsagur in Karnataka
 "ReNew Power awards 40 MW wind power project to Gamesa")
Shilpi Cable forms JV with New Zealand-based Eyecom for antennas
As per the deal, JV will set up a manufacturing facility at Chopanki (Rajasthan) for antennas and other products such as repeaters and IBS passive components
 "Shilpi Cable forms JV with New Zealand-based Eyecom for antennas")
Crompton Greaves divests stake in CG Lucy Switchgear
The company sold its entire 50 percent stake in CG Lucy Switchgear Limited to the UK-based JV partner W Lucy & Co Limited for Rs 40.2 crore
 "Crompton Greaves divests stake in CG Lucy Switchgear")
Cipla partners with Serum Institute to provide vaccines in South Africa
With this, two companies will expand their partnership, which already exists for European and Indian markets, to a new market of South Africa
 "Cipla partners with Serum Institute to provide vaccines in South Africa")
