Page 169 - B2B Connect

P Rajendran is the new executive director (WR) of Indian Oil

In his earlier position, he was executive director (lubes) at IOC's head office in Mumbai

Glenmark receives tentative US FDA approval for psoriasis drug

The company has been granted tentative approval for calcipotriene cream, 0.005% - the generic version of Dovonex cream, which registered an annual sales of $92.8 mn in the US

Fortis divests stake in Singapore-based RadLink to Fullerton Healthcare for SGD 111 mn

The deal is expected to be completed on or about May 12, 2015

Indian Potash to procure 80,000 tonne of potash from Russia's Uralkali

Russian firm will supply total 800,000 metric tonnes of potassium chloride (KCl) between May 2015 and March 2016

Albemarle unveils new catalyst for hydrocracking pre-treat market

Along with its hydroprocessing alliance partner UOP, Albemarle is in the final stages of pilot plant testing, and global rollout of the catalyst is expected in the second half of 2015

Boulevard Acquisition to buy Dow's AgroFresh for $860 mn

AgroFresh is a global industry leader in advanced proprietary technologies for the horticultural and agronomic markets

Gujarat State Fertilisers aims Rs 10,000 cr turnover by 2017-18

With the commissioning of planned new projects, involving investment of Rs 10,000 cr, GSFC aims to achieve the targeted turnover by 2017-18 from Rs 6000 cr currently

Celanese starts work on new VAE emulsions unit in Singapore

The Singapore plant will support the vinyl acetate ethylene (VAE) emulsion markets of Southeast Asia and other Asia Pacific countries including India, Australia and New Zealand

Crompton Greaves bags order from ANDE to strengthen Paraguay's electricity network

The Avantha Group Company has won orders to the tune of over $ 25 million since 2014 from ANDE

Minda Corporation forms JV with US-based VAST for vehicle access systems

The joint venture entity, Minda VAST Access Systems Private Limited (Minda VAST), will have operations in Pune and Delhi-NCR

China's MLS Co to launch premium LED lighting brand in India

The company will introduce FOREST LED brand at LED Expo 2015 and aims to tap the growing LED lighting market in the country

LED Expo 2015 to showcase latest LED lighting technologies in Mumbai

The expo, to be held from May 7-9, will provide manufacturers a platform to showcase their high-quality and competitive lighting technologies to the Indian customers

Amtek Auto to buy Japan-based Asahi Tec's iron casting, forging & machining business

The acquired business, which recorded revenues of $ 375 million for the year ended March 2015, will ensure strategic entry of Amtek into Japan, South East Asia and China

Kwality Ltd plans Rs 100-cr dairy unit in Jharkhand

The project, which is expected to generate employment for 300-500, is proposed to commence in financial year 2018-19

Motherson Sumi bags a mega order from Daimler for supplying components for Mercedes-Benz

In order to fulfil the requirements of the contract, which is expected to generate sales revenues of about Rs 15,400 crores, Motherson Sumi will invest in two new plants in US & Hungary

Jindal Stainless commissions metal recovery facility in Odisha

The facility, set up in association with Harsco Corporation, will enable the recovery of the trapped metal (ferro chrome) from the slag generated during the production of ferro chrome

Europe Parliament clamps down on wasteful use of plastic bags

Furthermore, the EC is required to assess the impact on the environment of oxo-degradable plastic materials, which fragment into small particles, and propose suitable measures

BASF begins trial run at mononitrobenzene facility in Chongqing

The facility, one part of BASF's Euro 860 million investment plan, is the first precursor plant of integrated methylene diphenyl diisocyanate (MDI) complex

Dow opens polyols facility in Thailand

The facility, with annual capacity to produce 200 kilo tonnes (kt) of polyether polyols, to support Asia demand in key growth markets for versatile polyurethane chemistry

Zeon to expand thermoplastic elastomers capacity at Mizushima plant

The Japanese firm plans to complete the expansion in production capacity by May 2016