Page 144 - B2B Connect

German polymer major Covestro views India as growth driver

Formerly known as Bayer MaterialScience, a leading global producer of polyurethanes and polycarbonates, the company now operates under the legal entity of Covestro

US poised to become a LNG export powerhouse: Dr Mosongo Moukwa

Traditionally used for residential and commercial heating purposes, usage of natural gas is now fast expanding in electricity generation, feedstock for petrochemicals, and other sectors

Evonik opens facility for C4 chemicals in Germany

The company uses a new technology, which provides flexibility in raw material procurement, for manufacturing C4 chemicals at the site in Marl Chemical Park

Valeant inks license deal with AstraZeneca for psoriasis drug brodalumab

Valeant will make an up-front payment to AstraZeneca of $100 mn, as well as pre-launch milestones of up to $170 mn and further sales-related milestone payments of up to $175 mn following launch

Syngene plans $100 mn manufacturing facility in Mangalore

The contract research & manufacturing company is in process of acquiring 40 acres land for the facility at Mangalore SEZ, Karnataka

Sun Pharma completes GSK's opiates business acquisition in Australia

The deal, first announced in March 2015, significantly expands Sun Pharma's narcotics raw material capability through two opiates manufacturing facilities in Australia

Celgene completes $7.2 bn deal to takeover Receptos

The deal enhances Celgene's inflammation & immunology portfolio with the addition of Ozanimod, a high potential drug in Phase III trials for inflammatory bowel disease & multiple sclerosis

Novo Nordisk to invest $2 bn in new US and Denmark facilities

The expansion, which involves setting up of new production facilities in Clayton (USA) and Malov (Denmark), will help Novo Nordisk meet the increasing global demand for its diabetes medicines

Himatsingka Seide to invest Rs 1,281 cr in Hassan plant for expansion

The company will expand sheeting capacity, while, in accordance with its backward integration strategy, Himatsingka venture into spinning and terry towels manufacturing

US FDA grants approval for Aurobindo Pharma's osteoporosis drug

The drug, raloxifene hydrochloride tablet, has an estimated market size of $ 404 million for the twelve months ending June 2015, according to IMS

Dr Reddy's executive VP Umang Vohra steps down

The company announces management changes; Appoints Alok Sonig as EVP & head North America generics and M V Ramana as EVP & head branded markets (India & emerging countries)

Sequent Scientific buys Lyka's animal business

The acquired business will strengthen Sequent Scientific's portfolio in cattle and dairy segment and will complement its existing India formulations business

Lupin receives US FDA nod for generic Prilosec capsules

Generic Prilosec, omeprazole delayed-release capsules 40 mg, is indicated for the treatment of ulcer and gastro esophageal reflux disease (GERD)

BASF starts MDI production in China

Diphenylmethane diisocyanate (MDI) is an important component for polyurethanes

Sluggish growth for EU chemicals sector: Cefic

While output grew just 0.2 per cent during the first half of 2015 compared to the same period of 2014, producer prices fell 4.8 per cent year-on-year

Ajinomoto sells French sweetener business to Hyet Holding for Euro 1

Ajinomoto Co will further promote specialty by strengthening the structure of its sweeteners business through the consolidation of its aspartame production bases

Punj Lloyd wins Rs 1,094 cr order from IOC for Haldia refinery project

As per the contract, Punj Lloyd will build sulphur block comprising the sulphur refinery unit, amine regeneration unit, the sour water stripper, etc at the refinery

Shilpi Cable endeavours to be a billion dollar company by 2020: Manish Goel

In this interview, Manish Goel, MD, Shilpi Cable, sheds light on growth strategy as the company plans to venture into LED market, and expand its B2C and exports businesses

Organic farming: A boon or a bane?

High-cost organic food industry is plagued with issues such as low productivity and fabricated data. Hence, is government right in spending public money on subsidising rich man's food?

Pesticides are not responsible for cancer incidences in Punjab: CCFI

Contrary to the propaganda by a few NGOs that usage of agrochemicals increased cancer incidences in Punjab, a government survey shows that such claims are incorrect, says Crop Care Federation of India