Page 150 - B2B Connect
Steel Strips Wheels to set up a hot rolling mill in Jharkhand
The company will invest Rs 55 crore in the mill, which is a part of its backward integration strategy
Idemitsu to buy Shell's stake in Showa Shell for $1.4 bn
The sale is consistent with Shell's strategy to concentrate its downstream footprint on a smaller number of assets and markets where it can be most competitive
 "Idemitsu to buy Shell's stake in Showa Shell for $1.4 bn")
Dr Reddy's Labs partners with US-based Purdue University for research
The strategic partnership will focus on research in pharmaceutical processes and product development
 "Dr Reddy's Labs partners with US-based Purdue University for research")
General Motors plans $1-bn investment in India by 2020
As a part of its consolidation plans, GM will shut down Halol (Gujarat) plant by 2016, while it will expand capacity at Talegaon (Maharashtra) manufacturing plant
 "General Motors plans $1-bn investment in India by 2020")
Alkyl Amines Chemicals commissions solar power plant in Maharashtra
The 2-MW solar power plant in Osmanabad (Maharashtra) to generate electricity for the company's captive use
 "Alkyl Amines Chemicals commissions solar power plant in Maharashtra")
Victrex acquires US-based Kleiss Gears
Kleiss Gears' metal gear systems will complement with high-performance engineering polymer gears such as Victrex's PEEK
 "Victrex acquires US-based Kleiss Gears")
Auto market to drive global butadiene demand to cross 13 MMT by 2020
Recovery of the auto sector is expected to create higher tyres demand, which in turn is likely to drive the synthetic rubber and butadiene market through 2020, says a TechSci Research report
 "Auto market to drive global butadiene demand to cross 13 MMT by 2020")
Advanced insulation materials market to reach $1.9 bn in 2019
The market for aerogels, vacuum insulation panels and phase-change materials lies in non-building applications like refrigeration and logistics, says a Lux Research report
 "Advanced insulation materials market to reach $1.9 bn in 2019")
KSB Pumps plans Rs 250-crore expansion
The company, which will spent the capex over five years, will set up a new plant for manufacturing high-end engineered pumps for super critical thermal power plants
 "KSB Pumps plans Rs 250-crore expansion")
Siemens wins Rs 67-crore order from L&T for gas insulated switchgear
As per the contract, Siemens will supply 400 kV and 220kV GIS for a substation project of Himachal Pradesh Power Transmission Corporation Limited
US FDA import alerts: Deciphering the right message
With India ranking fourth in the list of countries that received warning letters and import alerts from US FDA, pharma companies will have to put in more quality control measures in place
 "US FDA import alerts: Deciphering the right message")
Belgium's Solvay inks $5.5-bn deal to acquire composite materials major Cytec
Acquisition propels Solvay to world's second largest player in aerospace composite materials, and reinforces advanced formulations with the world's number one mining chemical business
 "Belgium's Solvay inks $5.5-bn deal to acquire composite materials major Cytec")
Aurobindo Pharma receives US FDA nod for hypertension drug esmolol hydrochloride
Esmolol hydrochloride injection is generic version of Baxter Healthcare's Brevibloc injection
Take Solutions forms US subsidiary for big data in life sciences industry
The subsidiary, Intelent, aims to address the $300 billion healthcare and life sciences market by providing clients offerings in the areas of data integration and advanced analytics
 "Take Solutions forms US subsidiary for big data in life sciences industry")
Biocon appoints Dr Narendra Chirmule as R&D head
He replaces Abhijit Barve, who has moved back to the US
Lupin buys Germany-based Temmler Pharma's specialty product portfolio
Temmler's business has a strong strategic fit with Lupin's Hormosan business in Germany, enabling Lupin to bring an enhanced specialty CNS portfolio in the German market
Israel's Teva to acquire Allergan Generics for $40.5 bn
Following the completion of the acquisition, Teva is expected to have pro forma sales of approximately $26 billion and EBITDA of approximately $9.5 billion in 2016
 "Israel's Teva to acquire Allergan Generics for $40.5 bn")
Gain control over project costs and risk through better conceptual estimates during FEED
One of the biggest factors that may disrupt capital projects is a chronic escalation of project costs. New thinking is required to overcome the project cost and execution challenges
 "Gain control over project costs and risk through better conceptual estimates during FEED")
Yara and BASF to set up $600-mn ammonia plant in Texas
While BASF will use its share of ammonia from the plant to produce caprolactam, Yara will market the remainder to industrial & agricultural sectors in North America
 "Yara and BASF to set up $600-mn ammonia plant in Texas")
Chemical sales in Germany up 0.5% in H1 2015, chemical prices down 3%
The devaluation of the Euro stimulated overseas exports while the domestic demand for chemical products remained restrained, says German chemical industry association (VCI)
 "Chemical sales in Germany up 0.5% in H1 2015, chemical prices down 3%")
