Page 140 - B2B Connect

Jubilant Life receives US FDA approval for migraine drug zomitriptan

Zolmitriptan orally disintegrating tablet is the generic version of Astra Zeneca's Zomig-ZMT

Novo Nordisk to set up insulin pen manufacturing plant in Iran

The company will invest approximately Euro 70 million for the project

Amgen acquires Dutch biotech firm Dezima for $ 300 mn

Besides $300 million, Amgen will pay Dezima up to $1.25 billion in additional payments if certain development and sales milestones are achieved

Strides Arcolab buys Ranbaxy's CNS biz from Sun Pharma for Rs 165 cr

By acquiring Solus and Solus Care divisions of erstwhile Ranbaxy, Strides Arcolab will gain a strong entry point in the Indian CNS market

Dutch firm Corbion buys lactic acid business of Malladi Specialties

While the transaction includes the sales and delivery of lactic acid and lactic acid based derivatives in India, no production facilities will be acquired by Corbion

Asian Paints to set up Rs 2300-cr facility in Mysuru

Asian Paints will set up the six lakh kilolitre per annum paint manufacturing facility in a phased manner

Rolta bags $13 mn contract for petrochemical complex project

The company has bagged addition contract for engineering information asset solution for one of the world's largest petrochemical complexes

Avery Dennison expands pressure-sensitive tapes plant in China

The Kunshan plant will manufacture a broad range of high performance industrial tapes that bond different materials and substrates in diverse applications

Toshiba acquires majority stake in wastewater treatment firm UEM

Toshiba bought additional 54% stake from the founders and IVFA to become the majority owner with 80% shareholding in UEM

Albemarle to expand lithium battery materials production by 50,000 tonnes

The company is evaluating potential sites, including several locations in the US and Asia, for the new plant, which is expected to be operational in 2020

Technip bags EPC contract for polyethylene plant in Czech Republic

Based on Ineos technology, the new unit will have a capacity of 270.000 tonnes per annum high density polyethylene

Avery Dennison to cut absolute emissions by 26% by 2025

The company also sets ambitious goals for paper sourcing, reducing landfill waste, purchasing film and chemicals, etc

MRF inks MoU for Rs 4500 cr expansion in Tamil Nadu

The company will invest around Rs 4,500 crore at its Perambalur and Arakonam plants over a period of seven years

Greaves Cotton launches farm equipment under Sampurna Swadheshi program

Under this program, Greaves Cotton's R&D centre has developed exclusive products after detailed understanding of Indian farming requirements

ABB bags Rs 119 cr order from Adani Group for solar power projects

Spread across Karnataka, Tamil Nadu and Andhra Pradesh, these projects will connect more than 850 MW of solar energy to the grid

Texmaco Rail acquires 76% stake in Bright Power Projects

The acquisition of Mumbai-based railway electrification company will help Texmaco strengthen its positioning as a total rail solution provider

L&T bags Rs 1700-cr EPC order for power plant in Bangladesh

The order, awarded by Japan's Marubeni Corp, is for setting up the Bibiyana III 400 MW combined cycle power plant project of Bangladesh Power Development Board (BPDB)

HCL and IBM to co-develop Internet of Things solutions for manufacturing

Two companies will set up an incubation center at Noida to jointly develop these solutions for the chosen industries

Sun Pharma buys InSite Vision to strengthen ophthalmic business in US

This proposed acquisition of InSite Vision, coupled with the recent in-licensing of Xelpros eye drop in June 2015, are expected to strengthens branded ophthalmic portfolio

CMI to set up cables manufacturing unit in Haryana

The company acquires Danish company FL Smidth's Bawal facility for this purpose. CMI plans to invest about Rs 20 crore on the acquisition and setting up of the new facility