Page 173 - B2B Connect
Indian Oil plans foray into petrochemical production in US
PSU is holding exploratory talks with companies in the US who are planning to set up downstream petrochemical unit
 "Indian Oil plans foray into petrochemical production in US")
Aurobindo Pharma divests stake in Australian subsidiary to Eris Pharma
This divestment is in line with Aurobindo Pharma's strategy to focus on US, EU and key emerging markets
Cipla buys pharma distributor Duomed in Brazil
The acquisition is part of company's front-end strategy and will expedite its product registrations in Brazil
Govt plans to set up medical devices parks to boost indigenous production
First such park expected to be built in Gujarat
 "Govt plans to set up medical devices parks to boost indigenous production")
Aurobindo Pharma receives USFDA nod for anaesthesia drug
The company has received approval for atracurium besylate injections, which are indicated as an adjunct to general anaesthesia for facilitating endotracheal intubation
 "Aurobindo Pharma receives USFDA nod for anaesthesia drug")
Ipca Labs starts open offer for Krebs Biochemicals
If Ipca gets the management control of Krebs Bio, it is expected to bolster its capabilities with the knowhow of Krebs in bio-fermentation & its two US FDA-approved facilities
 "Ipca Labs starts open offer for Krebs Biochemicals")
Biocon receives approval for insulin glargine in in Mexico
Galactus by PiSA, Biocon's partner, is the first insulin glargine to be approved in Mexico as per the biocomparable approvals pathway defined in 2012
 "Biocon receives approval for insulin glargine in in Mexico")
Suven completes SAD studies in phase 1 clinical trial for CNS drug
The company has initiated multiple ascending dose (MAD) studies in phase 1 clinical trial for their investigational compound SUVN-G3031
Caplin Point inks license pact with UK-based Cycle Pharmaceuticals
Under the pact, Caplin Point will be responsible for developing and manufacturing identified liquid injectable products, while Cycle Pharmaceuticals commercialise the same in the US
 "Caplin Point inks license pact with UK-based Cycle Pharmaceuticals")
Engineering plastics market in US to reach 5.1 bn pounds in 2019
While automotive, electrical and electronic sectors will be largest users of engineering plastics, construction, medical and consumer sectors will provide the fastest growth, according to Freedonia
 "Engineering plastics market in US to reach 5.1 bn pounds in 2019")
Corbion acquires Archer Daniels Midland's lactic acid business
This transaction includes the sales and delivery of lactic acid, sodium lactate, and potassium lactate products
Mitsubishi to set up methanol and dimethyl ether plant in Trinidad and Tobago
The plant, which entails about $1 billion of investment, will have capacity to manufacture 1 million tonnes per annum (tpa) of methanol and 20 thousand tpa of dimethyl ether
 "Mitsubishi to set up methanol and dimethyl ether plant in Trinidad and Tobago")
Responsible corporate citizenship: Sharing social value to create business sense
Statutory obligation has forced chemical companies to turn philanthropist. However, companies will have to align their social welfare programs with their business goals for long-term gains
 "Responsible corporate citizenship: Sharing social value to create business sense")
Reliance Industries opens 650 KTA PET resin plant in Dahej
This consolidates Reliance's position as a leading PET resin producer with a global capacity of 1.15 MMTPA
 "Reliance Industries opens 650 KTA PET resin plant in Dahej")
Reliance Industries starts purified terephthalic acid plant in Dahej
With this new plant, which has a capacity of 1150 kilo tonne, Reliance Industries' total PTA capacity has been increased to 3.2 million metric tonne per annum
 "Reliance Industries starts purified terephthalic acid plant in Dahej")
PM Narendra Modi pitches for 'Make in India' at Hannover fair in Germany
In his inaugural address, Modi made a strong pitch for 'Make in India' initiative and urged global CEOs to invest in India, who is the partner country at the Hannover trade fair
 "PM Narendra Modi pitches for 'Make in India' at Hannover fair in Germany")
Indian Railways to set up design centre at National Institute of Design campus
The centre, located at NID campus in Ahmedabad, will develop new designs for further improving the passenger amenities and put into use soon on Indian Railways
 "Indian Railways to set up design centre at National Institute of Design campus")
L&T inks pact with Areva for Jaitapur nuclear power project
The agreement aims to maximise localisation for the nuclear power plant, which will be based on Areva's EPR nuclear reactor - a third generation advanced pressurised water reactor
 "L&T inks pact with Areva for Jaitapur nuclear power project")
Low cost automation: A boon for auto component SMEs?
In addition to simplifying the process, low cost automation reduces the manual content without changing the basic setup
 "Low cost automation: A boon for auto component SMEs?")
Sharda Motor forms JV with Japan's Toyo Seat
The JV, which is expected to begin commercial operations in August/September 2015, will manufacture four wheeler seat components for India & exports market
 "Sharda Motor forms JV with Japan's Toyo Seat")